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Arvest Bank again led the state with $930 million in loans originating in Arkansas, a 15% increase from 2023. [Google Maps]

Arkansas Mortgage Market Rebounds in 2024, With Arvest Leading the WayLock Icon

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 >
Banking & Finance / Business Services / Construction

Pleasant Duo Teams For $31.7M Sale (Real Deals)Lock Icon

The sales of two apartment projects in west Little Rock combined for a $31.7 million deal. read more >
Johnny Allison of Home BancShares proves that he can sit still, at least momentarily, for a photographer...
Banking & Finance / Real Estate

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 >
Banking & Finance / Construction / Legal

Vilonia Businessman’s $400K Legal Battle Unfolds Amid Fraud AllegationsLock Icon

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 >
Banking & Finance / Industry

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 >
Banking & Finance / Public Companies

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 >
Education / Health Care / Media & Marketing

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 & Finance

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 >
Construction / Government & Politics / Industry

NLR Office Site Surpasses $4M (Real Deals)Lock Icon

A 19-acre office site in North Little Rock weighed in at $4.09 million. read more >
Banking & Finance / Construction / Industry

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 >
Banking & Finance / Business Services / Construction

JTS Names Michael Cole as CFO (Movers & Shakers)

He has more than 25 years of experience in financial and operational leadership. read more >
Banking & Finance / Public Companies

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 & Finance / Industry / Investments

Banking on Opportunity: How Arkansas Institutions Saw Growth During the Great RecessionLock Icon

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 >
Banking & Finance / Industry

Why Do Banks Fail? Arkansas Execs Offer Some AnswersLock Icon

Johnny Allison, CEO of Centennial Bank of Conway, and Randy Dennis, who leads DD&F, share their thoughts. read more >
Banking & Finance / Industry / Real Estate

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 >
Banking & Finance / Business Services / Construction

Extended Stay Hosts $4.4M Transaction (Real Deals)Lock Icon

The 120-room hotel in west Little Rock weighed in at $4.46 million. read more >
Banking & Finance / Investments

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 >
Banking & Finance / Construction / Health Care

West Little Rock Hotel Sells for $4.46MLock Icon

A west Little Rock hotel starts this week’s installment of million-dollar real estate transactions and construction contracts in Pulaski County. read more >
Banking & Finance / Investments

RiverBank Buys Into Paragould

RiverBank of Pocahontas is adding a third northeast Arkansas market to its footprint. read more >
Banking & Finance / Construction / Industry

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 >