FDIC
Before CEO’s Arrest, Evolve Bank Pitched a Fintech Comeback Story
The troubled West Memphis bank had been setting the stage for a rebound from litigation, regulatory enforcement and a data breach. read more >
by Griffin Coop -
Arkansas Bank Deposits Jump 4.7%, Outpacing U.S. Growth
Arkansas banks saw deposits rise faster than the national average, led by Arvest Bank, while new branches and mergers reshaped the market. read more >
Evolve Bank Hires Former Bank Watchdog Bob Hartheimer as CEO After Tumultuous Year
He aims to lead the bank's recovery and future growth after a series of legal and regulatory setbacks. read more >
by Griffin Coop -
Supporting Financial Institutions with Confidence and Clarity
From regulatory experience to forward-thinking insight, here’s what financial institutions should look for in an accounting and advisory partner. read more >
Friendly Competitors: Local Banks Finding Success in Small-Town Arkansas
McGehee, population 3,500, supports two thriving hometown banks — proof that local service and loyalty still compete with big banking. read more >
by Marty Cook -
FDIC Fines Former RiverBank Loan Officer Over $88K Embezzlement Case
Former RiverBank loan officer Bryan Dalton was fined $35,000 by the FDIC and banned from banking after embezzling nearly $88,000 from clients. read more >
by Mark Friedman -
Federal Lawsuit Delays New Community Reinvestment Act Rules, Leaving Banks in Limbo
Since Jimmy Carter signed it in 1977, the CRA has required federal agencies to review thousands of banks’ efforts to meet the credit needs of their communities, particularly low- and moderate-income areas. read more >
by Kyle Massey -
Views From the Chair: French Hill’s Plans for Leading Financial Services Panel
U.S. Rep. French Hill, as chairman of the House Financial Services Committee, plans to reduce regulatory burdens for community banks while promoting innovation and transparency in finance. read more >
by Chloe McGehee -
Simmons’ Q2 Income Falls 30% on Rising Deposit Costs, Credit Provisions
The bank reported earnings of 32 cents per share, which surpassed Wall Street expectations. read more >
Bank of England Hit With $1.5M Penalty for Deceptive Loan Practices
The FDIC handed down the penalty after a string of violations at Bank of England's former loan production office in West Bloomfield, Michigan. read more >
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 -
Inside Bank OZK: George Gleason’s 10 Defining Moments
With 45 years to choose from, George Gleason has plenty of options for naming the biggest events during his tenure at Bank OZK. read more >
by George Waldon -
FDIC Sanctions Nine Bank of England Mortgage Employees
Federal bank regulators said a branch in suburban Detroit engaged in bait-and-switch tactics and other systemic deception of customers. read more >
by Gwen Moritz -
Simmons Profit Falls on FDIC Assessment, Securities Losses in Q4
The bank reported net income of $23.9 million, down 71.3% from the same quarter the previous year. read more >
Arkansas Bank Deposit Growth Slows to 1.5%
It's the slowest growth since 2014, bringing total deposits to slightly more than $97 billion as of June 30. read more >
by Gwen Moritz -
Uninsured Deposits at Large Arkansas Banks
Almost 94% of the $175.4 billion deposited in failed Silicon Valley Bank as of Dec. 30 were uninsured. Here’s how the banks with the
most deposits in Arkansas compare. read more >
Day 2 of Fintech Summit: Regulatory Advice, Data Strategy and Arkansas’ ‘Microhub’ Status
FIS CEO Gary Norcross and St. Louis Fed VP Allen North were among the speakers. read more >
FDIC Fines Bank of England Nearly $130K for ‘Deceptive’ Loan Claims
The Arkansas-based mortgage lender waived its right to a hearing on the matter. read more >
FDIC Enters Consent Order With ‘Unsafe or Unsound’ HomeBank of Arkansas
The April 8 order, which was released publicly by the FDIC on Friday, charges the leadership of the $76 million-asset lender with unsafe or unsound banking practices. read more >
by George Waldon -
More ‘CHOICE’ for Community Banks, Farmers and Consumers in Arkansas (U.S. Rep. French Hill Commentary)
U.S. Rep. French Hill writes on the Financial CHOICE (Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs) Act, which rolls back portion of the Dodd-Frank Act of 2010. read more >
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