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Banking & Finance / Business Services / Public Companies / Retail

Overdraft Fees Provide Steady Cash Stream

Protecting customers from overdrafts, a standard service provided by most banks and credit unions, can also be a lucrative revenue stream. read more >
Rusty Smith, who farms near Cotton Plant, says market uncertainty has made it hard to book a soybean crop for delivery.
Agriculture & Poultry / Government & Politics / Investments / Manufacturing / Transportation

Trump’s Tariff War with China Hits Arkansas Farmers HardLock Icon

President Trump's trade war with China is creating casualties in Arkansas. Soybean farmers have seen their exports to China plummet as prices have dropped 15%. read more >
The Delta Resort & Conference Center in Desha County.
Banking & Finance / Construction / Insurance / Legal / Real Estate

Files Offer Look Inside $120M Delta Resort BankruptcyLock Icon

In December, creditors forced Gary R. Gibbs, the developer of the Delta Resort & Spa in Desha County and the Hotel Hot Springs & Spa, into bankruptcy for defaulting on $119.4 million in loans. It's familiar territory for Gibbs, who recovered from a 2005 bankruptcy only to fall back into financial distress after the New Orleans bank that made his loans failed. read more >
Phil Baldwin, CEO of Citizens Bank
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Citizens Sweeps In Former Simmons ExecsLock Icon

Seven commercial lending and treasury management professionals have left Simmons Bank to help Citizens Bank of Batesville beef up its Little Rock operations. 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 >
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Let’s You and Him Fight (Gwen Moritz Editor’s Note)

While I love banks and bankers, I confess to enjoying how irritated they get when the subject is credit unions. read more >
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How to Grow Your Tax Dollars (Rodney Showmar Commentary)

Twenty-five other states specifically allow public funds to be deposited in NCUA-insured credit unions — unlike Arkansas, which limits access to public funds to banks only. read more >
Simmons Bank, whose name and logo soar above Little Rock atop the city’s highest skyscraper, reaped about three-quarters of Arkansas’ bank deposit growth from June 30, 2017, to the end of June this year, according to the Federal Deposit Insurance Corp’s annual summary of deposits. The bank is based in Pine Bluff.
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Simmons Bank Brings New Deposits to Pine Bluff

Arkansas bank deposits grew by almost $2.5 billion to $66.7 billion in the year that ended June 30. Almost three-quarters of the additional deposits — $1.8 billion — flowed into a single institution. read more >
Agriculture & Poultry / Banking & Finance / Business Services / Insurance / Investments / Small Business

Small Banks Find Niche in Arkansas While Facing Unique ChallengesLock Icon

Bank consolidation nationally is continuing on a similar pace to recent years, but it has been a slower year in Arkansas, especially for the smallest banks. 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 >
Lex Golden
Banking & Finance / Investments / Legal

No Auction in Golden Bankruptcy; FDIC Judgment GoneLock Icon

As it stands now, there will be no auction of assets owned by fallen banker Lex Golden and his wife, Ellen. read more >
Banking & Finance / Business Services / Investments / Public Companies

Washington County Banks Host Big Rise in Deposits

During the past 10 years, banks have come and gone in the Washington County market, but the headcount of lenders and tally of branches has grown. read more >
Bank of the Ozarks Chairman and CEO George Gleason during a July 2017 visit to the Nasdaq MarketSite in New York City's Times Square in honor of the bank's 20th anniversary as a public company.
Banking & Finance / Business Services / Government & Politics / Investments / Legal / Public Companies

Bank of the Ozarks Move Slices Reporting Obligations to FedLock Icon

When Bank of the Ozarks absorbed its parent company in June, the $20 billion-asset lender shed itself of two regulators. read more >
Banking & Finance / Investments / Public Companies

In-State Bank Deposits Grow by 5.6 Percent, Beating National Rate

Arkansas bank deposits grew by 5.6 percent in the year that ended June 30, beating the national growth rate of 4.6 percent. read more >
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Is Vacation in Your Plans? (Alese Stroud Expert Advice)

Let’s be clear. Sitting on a beach practicing distance management skills via email does not count as vacation. It counts as vacation only when you completely unplug. read more >
Banking & Finance / Investments

Planned Bank Buy Not First Time for Pinnacle, Central to Consider Merger

In 2009, Central Bank of Little Rock intended to merge with Pinnacle Bank of Rogers under the Pinnacle Bancshares banner. At the time, Pinnacle Bank’s asset total stood at $126 million. read more >
Banking & Finance

National Rate for Unbanked Falls to 7 Percent in 2015

The percentage of U.S. households that are “unbanked,” meaning no one in the household has a bank account, fell to 7 percent in 2015, compared with 7.7 percent in 2013, according to preliminary results of an FDIC survey, the “2015 FDIC National Survey of Unbanked and Underbanked Households.” read more >

Bank of Ozarks Fuels State Deposit Growth

Arkansas bank deposits grew at a 7.5 percent clip in the year that ended June 30, handily beating the national growth rate and topping $60 billion for the first time as the number of separate banks and branch locations operating in the state continued to decline. 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 >
Net income at U.S. banks was $43.6 billion in the second quarter, up 1.4 percent from a year earlier, according to the FDIC.
Banking & Finance

US Bank Earnings in 2Q Climbed 1.4 Percent to $43.6B

U.S. banks' earnings in the April-June period rose 1.4 percent from a year earlier as growth in lending fueled interest income, according to data issued by the Federal Deposit Insurance Corp. read more >