Home Bank Takes Second-Quarter Lick
Portland’s Home Bank of Arkansas posted a $640,000 loss for the quarter ending June 30. read more >
by George Waldon -
Looking for Latino Business, First Community’s Miguel Lopez Speaks the Language
Miguel Lopez, bilingual and bicultural, says working for First Community Bank of Batesville has been his “dream job.” read more >
by Marty Cook -
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 >
by Marty Cook -
Trump’s Tariff War with China Hits Arkansas Farmers Hard
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 >
by Jan Cottingham -
Files Offer Look Inside $120M Delta Resort Bankruptcy
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 >
by Mark Friedman -
Citizens Sweeps In Former Simmons Execs
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 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 >
by Gwen Moritz -
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 >
by Gwen Moritz -
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 >
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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 >
by Gwen Moritz -
Small Banks Find Niche in Arkansas While Facing Unique Challenges
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 >
by Gwen Moritz -
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 >
by Gwen Moritz -
No Auction in Golden Bankruptcy; FDIC Judgment Gone
As it stands now, there will be no auction of assets owned by fallen banker Lex Golden and his wife, Ellen. read more >
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 >
by George Waldon -
Bank of the Ozarks Move Slices Reporting Obligations to Fed
When Bank of the Ozarks absorbed its parent company in June, the $20 billion-asset lender shed itself of two regulators. read more >
by George Waldon -
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 >
by Gwen Moritz -
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 >
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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 >
by George Waldon -
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 >
by Gwen Moritz -