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Kevin Lewis
Banking & Finance / Business Services / Investments

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 >
Alex Golden and his sister, Amy McCay.
Banking & Finance / Government & Politics / Insurance

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 >
Kevin Lewis (inset) was convicted of defrauding First Southern Bank of Batesville out of $23.3 million.
Banking & Finance / Business Services / Investments

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 >
Banking & Finance / Government & Politics / Insurance

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 >
Bank of the Ozarks is in mid-leap to vault well beyond the $10 billion mark this year thanks to a pair of pending acquisitions led by its chairman and CEO, George Gleason.
Banking & Finance / Business Services / Government & Politics

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 >
Banking & Finance / Business Services / Investments

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 >
Banking & Finance / Insurance / Real Estate

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 >
Banking & Finance / Real Estate

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 >
Alex Golden
Banking & Finance / Insurance / Legal

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 >
Kevin Lewis (inset) was convicted of defrauding First Southern Bank of Batesville out of $23.3 million.
Banking & Finance / Government & Politics / Insurance

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 >
Banking & Finance

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 >
Government & Politics / Manufacturing

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 >
Construction / Real Estate

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 >
Construction / Real Estate

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 >
Alex Golden
Banking & Finance / Government & Politics / Investments

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 >
Bank regulators shut down First Southern Bank of Batesville in 2010, after the discovery of Kevin Lewis’ fake improvement district bond scheme. | (Photo by Mark Friedman)
Banking & Finance / Government & Politics / Health Care

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 >
Kevin Lewis, right, and attorney Tim Dudley walk to U.S. District Court in Little Rock. | (Photo by Gwen Moritz)
Banking & Finance / Government & Politics / Insurance

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 >
Banking & Finance / Business Services / Public Companies

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 >
Banking & Finance / Public Companies / Retail

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 >
Banking & Finance

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 >