Centennial Bank
Arkansas Mortgage Market Rebounds in 2024, With Arvest Leading the Way
Of the 12 mortgage lenders that have shared information with Arkansas Business for the past two years, eight of them saw an increase in overall value of mortgages that originated in Arkansas. Five of those institutions saw gains of 10% or more. read more >
by Marty Cook -
Pleasant Duo Teams For $31.7M Sale (Real Deals)
The sales of two apartment projects in west Little Rock combined for a $31.7 million deal. read more >
by George Waldon -
Home BancShares’ Q4 Profit Up 15% Despite Loan Charge-Offs and Hurricane Costs
For the full year of 2024, the holding company for Centennial Bank reported two milestones: revenue surpassed $1 billion for the first time and annual earnings topped $400 million. read more >
Vilonia Businessman’s $400K Legal Battle Unfolds Amid Fraud Allegations
Ryan Saddler sues his former attorney Shane Henry, alleging fraud, malpractice, and unethical conduct over a $400,000 consent judgment and mismanagement of company finances. read more >
by George Waldon -
Encore Bank & Bank of England Up And Down in 2024
Encore Bank sees modest gains, Bank of England struggles with losses, and Bank OZK expands its southeastern footprint with new branches in Georgia and Florida. read more >
by George Waldon -
Home BancShares’ Q3 Earnings Hit by Hurricane Helene, but Growth Continues
The holding company for Centennial Bank, which has 78 branches in Florida, set aside $16.7 million to cover loan losses in areas hit by the hurricane. read more >
Unity Health-White County Medical Center Names 2 to Lead Neonatal ICU (Movers & Shakers)
Dr. Kevin Barnett and Dr. C. Preston Pugh have each served as chief residents in pediatrics at UAMS and at Arkansas Children’s Hospital. read more >
Banking on Tech: Arvest Among Those Investing in Interactive Devices
The Bentonville lender has started using interactives teller machines, or ITMs. The devices work like a traditional ATM with the added benefit of having access to a live bank employee through video conferencing. read more >
by Marty Cook -
NLR Office Site Surpasses $4M (Real Deals)
A 19-acre office site in North Little Rock weighed in at $4.09 million. read more >
by George Waldon -
Consolidation: 2 Banks Form $246M Lender
Sister banks owned by Smith Associated Banking Corp. of Hot Springs are merging operations to create a $246 million-asset lender. read more >
by George Waldon -
JTS Names Michael Cole as CFO (Movers & Shakers)
He has more than 25 years of experience in financial and operational leadership. read more >
Stephen Tipton Named CEO of Centennial Bank; Kevin Hester Named President
Tipton and Hester are stepping into roles held by Tracy French, who will remain as chair of Centennial Bank with a focus on special projects. read more >
Banking on Opportunity: How Arkansas Institutions Saw Growth During the Great Recession
The global financial crisis that touched off the Great Recession of 2007-09 crushed hundreds of banks nationwide, but it rewarded a handful of well-capitalized Arkansas banks looking to grow. read more >
by Kyle Massey -
Why Do Banks Fail? Arkansas Execs Offer Some Answers
Johnny Allison, CEO of Centennial Bank of Conway, and Randy Dennis, who leads DD&F, share their thoughts. read more >
by Kyle Massey -
Banking on Change: Profit Proves Elusive For Two Out of Three Banks
A trio of banks that started 2023 with a quarterly loss meandered their way to mixed results at year’s end. read more >
by George Waldon -
Extended Stay Hosts $4.4M Transaction (Real Deals)
The 120-room hotel in west Little Rock weighed in at $4.46 million. read more >
by George Waldon -
The Ever-Quotable Johnny Allison (Gwen Moritz Editor’s Note)
There’s never a bad time to listen to the chairman and CEO of Home BancShares. read more >
by Gwen Moritz -
West Little Rock Hotel Sells for $4.46M
A west Little Rock hotel starts this week’s installment of million-dollar real estate transactions and construction contracts in Pulaski County. read more >
RiverBank Buys Into Paragould
RiverBank of Pocahontas is adding a third northeast Arkansas market to its footprint. read more >
by George Waldon -
Tough Sell: Mortgage Lenders Report Another Down Year in 2023
Arvest Bank was again the state’s most prolific lender with nearly $810 million in loans originating in Arkansas in 2023. read more >
by Marty Cook -