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Candace Franks

Candace Franks
Banking & Finance / Government & Politics

Candace Franks to Retire as State Bank Commissioner

Candace Franks, commissioner of Arkansas state banks for the past 13 years, announced on Wednesday that she will retire on Oct. 1 after 40 years with the State Bank Department. read more >
Candace A. Franks, Arkansas State Bank Commissioner
Banking & Finance / Business Services / Government & Politics / Public Companies

State Bank Commissioner Candace Franks Predicts Ownership Trends in ’20

Candace Franks, the Arkansas state bank commissioner, says total assets under supervision have almost doubled since 2012. read more >
Abaca Banc is  offering banking services to the medical marijuana industry in Arkansas, Oklahoma, Louisiana and other states. Members include Greg Ellis (seated), and from left to right, Dan Roda, Reed Lewallen and John Foley.
Agriculture & Poultry / Banking & Finance / Business Services / Government & Politics / Health Care / Legal

Abaca Prepares to Bank Marijuana Businesses, Customers

A Little Rock company that originally planned to offer medical marijuana consumers a cashless method for filling their prescriptions has broadened its scope to include financing for marijuana-related businesses. read more >
Stone Bank opened this new branch in Little Rock in the spring of 2018.
Banking & Finance / Business Services / Construction / Insurance / Investments / Public Companies / Real Estate / Small Business

Branch Banks’ Death Rumors Are Exaggerated

In Arkansas, the number of new bank offices appears to have popped up in the past 12 months after a decade in which the count declined by more than 10 percent. read more >
In 2010, Lex Golden and his son, Alex Golden, were photographed in front of what would become an Allied Bank branch at 4900 Kavanaugh Blvd. in Little Rock. Five years later, the location was on a list of properties to be auctioned.
Banking & Finance / Business Services / Government & Politics / Investments / Legal / Retail

How the Goldens Ruled: Fed Report on Allied Notes Self-Dealing, Insider AbuseLock Icon

The narrative of the report is dominated by criticism of the Goldens, by title rather than name, and the bank board they held sway over. read more >
Agriculture & Poultry / Banking & Finance / Government & Politics / Health Care / Investments / Legal

As Marijuana Industry Beckons, Banks Just Say NoLock Icon

On one side is a new industry desperately needing local banking services. On the other side are bankers salivating at potential deposits and fee revenue. Between them is a federal government that outlaws marijuana. read more >
Banking & Finance / Government & Politics / Insurance / Investments / Legal

Today’s Bank Takes On Teetering Allied

The Allied Bank staff was still a little shell-shocked when they convened at the main office in Mulberry on Saturday, Sept. 24. The day after regulators took over the $66.3 million-asset lender, employees gathered to learn what the future held under the new ownership of Today’s Bank of Huntsville. read more >
Susie Smith at Metropolitan National Bank in 2013.
Banking & Finance / Business Services / Public Companies

Despite Individual Victories, Progress Slow For Women in Arkansas Banking

For women in Arkansas’ banking industry, every encouraging development seems to be matched by discouraging reality. read more >
Since 2013, more than 700 U.S. banks have merged with or been acquired by another institution.
Banking & Finance / Government & Politics

The Future of the Community Bank in an Era of Consolidation (Aaron Brooks Commentary)

Why are community banks — including some in Arkansas — increasingly deciding that now is the time to sell? Aaron Brooks writes that the reasons go well beyond Dodd-Frank. read more >
State Bank Commissioner Candace Franks is the beneficiary of national bank charter conversions.
Banking & Finance / Business Services / Government & Politics / Insurance / Investments / Public Companies

National Charter Conversions to State a One-Way Street

Most regulated industries don’t get to choose who regulates them, but, to a limited degree, banks do. And while the door can swing both ways, in reality the traffic has flowed in one direction: converting from national charters to state charters. read more >
Banking & Finance / Business Services / Government & Politics

Community Banks Feel Regulatory Pinch

The Dodd-Frank Act celebrated its fifth anniversary last week, but it’s probably safe to assume many community bankers in Arkansas didn’t feel like partying. read more >
Banking & Finance / Government & Politics

Candace Franks Retained by Asa Hutchinson as Arkansas State Bank Department Commissioner

Gov.-elect Asa Hutchinson will retain Candace Franks as commissioner of the Arkansas State Bank Department. read more >
Banking & Finance / Government & Politics / Investments / Public Companies

Updated: Winner, Loser in Simmons Charters Consolidation

Last week’s news that Simmons First National Corp. will be collapsing its six smaller charters into its flagship Pine Bluff bank was surprising only in that it took so long. read more >
Banking & Finance

Bank Directors Predict More Mergers, Acquisitions in 2014

Some have described 2013 as a memorable year for its bank-buying buzz. Expectations are that the volume of acquisition talk won’t diminish during 2014 either. "A lot of community banks are considering their options, especially smaller community banks looking at the regulatory costs going forward," said Candace Franks, Arkansas State Bank Commissioner. read more >
Ron Pender, left, and Barry Cooksey are building houses in the Clower Farms neighborhood in Rogers and on other OREO lots acquired from Benton County lenders. Banks are working to convert into cash property recovered on failed development loans.
Banking & Finance / Construction / Government & Politics / Real Estate / Small Business

NW Arkansas Real Estate Rebounds, But Benton County OREO Stacks Up

The northwest Arkansas housing market may be rebounding, but lenders remain a familiar sight among the ownership rolls of residential lots and undeveloped acreage all over Benton County. read more >