BKD Settles With FDIC Over Kevin Lewis Fraud
The Federal Deposit Insurance Corp. last week settled its lawsuit against the accounting firm BKD LLP, just days before the trial was scheduled to begin in U.S. District Court in Little Rock. read more >
FDIC Asks for Over $1.2M in Judgments Against Alex Golden, Amy McCay
The FDIC has locally registered judgments of nearly $900,000 against Allied Bank president Alex Golden and more than $324,000 against his sister, Amy McCay. read more >
In Fraud By Kevin Lewis, Blame Is On Trial
In a civil trial scheduled to start next Monday, the Federal Deposit Insurance Corp. will blame regional accounting firm BKD LLC for failing to uncover the massive fraud that led to the 2010 failure of First Southern Bank of Batesville. read more >
by Mark Friedman -
Plea Deal Could Be Coming in First National Bank of Lawrence County Embezzlement Case
More details about a $3.9 million employee theft at First National Bank of Lawrence County could be revealed if a former employee waives indictment and enters a plea deal. read more >
Big Arkansas Banks Gear Up For $10B Threshold
Not long ago, crossing the $10 billion-asset threshold for a bank was merely a big round-number achievement. Now, however, banks surpassing $10 billion in assets face additional costs, fee restrictions and new layers of regulatory oversight. read more >
by George Waldon -
Deposits Grow as Number of Arkansas Banks Shrinks
Bank deposits in Arkansas grew by 5 percent in the 12 months that ended June 30, according to the annual summary of deposits released Sept. 28 by the Federal Deposit Insurance Corp., a pace somewhat slower than the 5.4 percent growth in bank deposits nationally. read more >
by Gwen Moritz -
Bankers See Growth In Commercial Real Estate
Banks have been finding most of their growth in loans to businesses and commercial real estate, a recent survey by Bank Director magazine found. read more >
Bank Office Numbers in the U.S. Outpace Population
Despite the increased use of online and mobile banking, brick-and-mortar offices retain their dominance in the provision of banking services, at least for FDIC-insured institutions. read more >
FDIC Gets Nearly $900K in Judgment Against Acme’s Alex Golden
The award in Atlanta U.S. District Court is divided between more than $780,000 owed on a delinquent loan and nearly $118,000 in attorney fees. read more >
First Southern Bank Missed Red Flags With Kevin Lewis Fraud, BKD Says
The accounting firm BKD LLC is blaming the collapse of First Southern Bank in Batesville on the failure of bank officers and officials to detect former Little Rock attorney Kevin Lewis’ fraud. read more >
by Mark Friedman -
Total Assets Up to $64.9B, FDIC Report Finds
The number of Federal Deposit Insurance Corp. institutions was down three to 111 in the third quarter, but total assets were up more than $1 billion to $64.9 billion, according to a forecast of banking conditions in Arkansas by the FDIC. read more >
by Lee Hogan -
FDIC Report: Arkansas Nonfarm Jobs Up in 3Q
Total nonfarm payroll jobs were up 1.4 percent in the third quarter, compared to numbers from a year ago, according to a state profile of Arkansas released Monday by the Federal Deposit Insurance Corp. read more >
by Lee Hogan -
Arkansas Single-Family, Multifamily Permits Down in 3Q, FDIC Report Says
Single-family home permits and multifamily permits were both down in the third quarter, according to a state profile of Arkansas released Monday by the Federal Deposit Insurance Corp. read more >
by Lee Hogan -
Single-Family, Multifamily Permits Down in Q3, FDIC Report Says
Single-family home permits and multifamily permits were both down in the third quarter, according to a state profile of Arkansas released Monday by the Federal Deposit Insurance Corp. read more >
by Lee Hogan -
FDIC Sues Members of Acme’s Golden Family over Unpaid Loans
The president of Allied Bank’s Acme Holding Co. and his sister are the subjects of federal lawsuits. The Federal Deposit Insurance Corp. sued Alex Golden and Amy Golden McCay in U.S. District Court in Atlanta over delinquent loans totaling more than $1 million. read more >
No Banking Future for Former First Southern CEO Woody Castleberry
Thanks to the fraud of convicted former Little Rock attorney Kevin Lewis, Woody Castleberry will never work in banking again. Castleberry told us last week that his settlement with the Federal Deposit Insurance Corp. was finally approved. He won’t have to pay a penalty, but he agreed never to be involved in banking again. read more >
FDIC Still Mopping Up Kevin Lewis’ Fraud Mess
More than two-and-a-half years after former Little Rock attorney Kevin Lewis was sentenced to 10 years in federal prison for bank fraud, the Federal Deposit Insurance Corp. continues to clean up his mess. read more >
by Mark Friedman -
Bank Deals Fly Despite a Flattening Of Deposits
Total bank deposits in Arkansas declined by about a half-percent in the 12 months that ended June 30, but that certainly doesn’t mean the state’s banking industry is stagnant. read more >
by Gwen Moritz -
2 Oklahoma Banks Enter Arkansas
Two Oklahoma banks, Fort Sill National Bank and Firstar Bank of Sallisaw, established footholds in Arkansas during the year that ended June 30, according to the Federal Deposit Insurance Corp.’s annual summary of deposits. read more >
by Gwen Moritz -
25 Failed Banks Attract Bids From Arkansas
Of the 51 bank failures last year, at least 25 drew attention from Arkansas financial institutions, according to the Federal Deposit Insurance Corp. But only three resulted in winning bids by Arkansas lenders. read more >
by George Waldon -