Delta Trust & Bank
Little Rock Hampton Inn Hosts $11M Sale (Real Deals)
Crossroads East LLC, an affiliate of Abbott Properties in Kansas City, Missouri, bought the Hampton Inn & Suites at 320 River Market Ave. read more >
by George Waldon -
‘No’ to Basel Endgame Capital Requirements (French Hill Commentary)
The Federal Reserve ought to withdraw and rethink its Basel III changes. read more >
by French Hill -
Bill Yee to Lead Citizens Bank in Little Rock Market
He previously was a senior vice president at Simmons Bank. read more >
Trio Gathers New Money to Relaunch Capital Bank as Encore
As chairman and CEO, Chris Roberts is leading the campaign to rebrand and relaunch Capital Bank with a $50 million stock offering. The 50-year-old banker considers his recent move from Simmons Bank to be a curtain call on his 27-year lending career. read more >
by George Waldon -
FDIC: Arkansas Bank Deposits Reach $56.5B
Bank deposits in Arkansas grew by 5 percent in the 12 months that ended June 30, a pace somewhat slower than the 5.4 percent growth in bank deposits nationally. read more >
by Gwen Moritz -
‘Living Beyond His Means’ Catches Up With Dennis Smiley Jr.
Henry Dennis Smiley Jr. — the Jr. matters in this case — pleaded guilty Tuesday to a single count of bank fraud. But the plea agreement identifies 23 banks as his victims, and that doesn’t include Arvest Bank, which had trusted him to be president of its Benton County market. read more >
by Gwen Moritz -
Simmons First 3Q Earnings Up 27 Percent
Simmons First National Corp. of Pine Bluff reports third-quarter earnings of $8.8 million, or 52 cents per share, up 27 percent from $6.9 million, or 43 cents per share, during the same quarter last year. Simmons also reported “core earnings” of $10.7 million, up 45 percent from the same quarter last year. read more >
by Lance Turner -
Layoffs, Branch Closures Firming Up as Simmons Readies To Close on Delta Trust
Some employees of Delta Trust & Bank were given notice last week that they might not be with the company after it is acquired by Simmons First National Corp. of Pine Bluff next month. read more >
Conway Gets A Purple Cow Near Hendrix
This year marks the 25th anniversary of the opening of the first Purple Cow restaurant, in Little Rock, and April 2 marked the opening of the fourth Purple Cow, at The Village at Hendrix in Conway. read more >
by Jan Cottingham -
Pair of Million-Dollar Deals Milked in Faulkner County
Commercial space encompassing 8,500 SF rang up a $1.3 million sale in Conway, and land for a Wal-Mart Neighborhood Market in Greenbrier was acquired in a $1.07 million deal. read more >
Big Changes to Arkansas’ Bank Landscape in Past Year
At this point in 2013, Simmons First National Corp. of Pine Bluff was a $3.5 billion holding company with eight subsidiary bank charters and little name recognition outside Arkansas. But by the end of 2014, Simmons’ corporate assets will have nearly doubled, making it the third-largest banking concern headquartered in Arkansas as ranked by assets. read more >
by Gwen Moritz -
Dennis Smiley: Father’s Signatures Might Be Fake
In his first response to one of many lawsuits, former Arvest Bank executive Dennis Smiley Jr. acknowledges that his father's signature on a promissory note "may not be the signature of Smiley Sr." read more >
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First Western: First for Dennis Smiley Cash?
Of all the Arkansas banks ensnared in the alleged serial loan fraud by Dennis Smiley Jr., First Western Bank of Booneville could be in the best position to recover money from him. read more >
by George Waldon -
Simmons First 1Q Profit Down 27 Percent
Simmons First National Corp. of Pine Bluff on Thursday reported a 27 percent decline in first-quarter profit but said "core earnings," which exclude one-time costs related to its purchase of Metropolitan National Bank of Little Rock, rose compared to the same quarter last year. read more >
by Lance Turner -
Delta Trust Sues Dennis Smiley Over $245,000 Loan
Delta Trust & Bank filed a lawsuit last week against the former CEO of Arvest Bank's Benton County operations after he failed to make the first payment on a loan made in February. read more >
by George Waldon -
Former Arvest Officer Dennis Smiley Under Investigation for Loan Fraud
H. Dennis Smiley Jr., the former CEO of Arvest Bank's operations in Benton County, is the subject of a federal criminal investigation for loan fraud. read more >
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Simmons First to Buy Delta Trust for $66M
Simmons First National Corp. of Pine Bluff is buying privately held Delta Trust & Banking Corp. of Little Rock, the pair announced Monday. Simmons CEO George Makris says the $66 million deal will allow it to expand its Simmons Trust services. read more >
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Simmons First Promotes Kish Ivey as Senior Vice President (Movers & Shakers)
Kish Ivey was recently promoted to senior vice president at Simmons First National Corp. in Pine Bluff. Ivey has more than six years of experience with Simmons and previously held the position of compliance manager for Simmons First National Bank. read more >
Delta Trust & Bank Buys Allen Kerr Insurance Agency
Delta Trust & Bank of Little Rock buys the Allen Kerr Insurance Agency for a price that wasn't released. "This merger will enable Delta Trust Insurance to provide a complete range of property and casualty services," the company says. read more >
by Mark Friedman -
The Village at Hendrix Snags Delta Trust & Bank, Purple Cow Restaurant
Market Square, which is scheduled to be completed by the end of the year, is in The Village at Hendrix, a new urbanist neighborhood adjacent to Hendrix College. The 30,000-SF building will house three commercial tenants on its ground floor and student residents on its upper two floors. read more >
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