Heartland Bank
$11M Judgment Lands on Would-be Heartland Suitor
A California businessman who in late 2015 was going to work a deal to rescue the now-defunct Heartland Bank was hit last month with an $11 million default judgment in a lawsuit brought by CTHC Holdings LLC, led by Richard “Rick” Williams of Hot Springs. read more >
Stephens Plans Parking Lot in Downtown Little Rock
A planned parking redevelopment would remove three office buildings from Louisiana Street in Little Rock. read more >
$21M Judgment Follows Collapse of Heartland Bank Deal
In late 2015, Suneet Singal thought he had a great deal with Heartland Bank of Little Rock. read more >
by Mark Friedman -
Allcorp Ownership of Bradley Bank Liquidated for $2.6M
The long-running Allcorp Inc. bankruptcy case is moving toward a close. read more >
Simmons Dismisses Lawsuit Against Soul of the South Investors
Simmons Bank of Pine Bluff dismissed its lawsuit against investors in the troubled Soul of the South venture without prejudice on Jan. 10. read more >
Crossett Bank Waits for Regulators to Cross T’s
The sale of First State Bank of Crossett to Capital Bancorp Inc. of Delhi, Louisiana, that was expected to close this year hasn’t. read more >
by George Waldon -
Community State Bank Awaits Bankruptcy Clarity
More than a year has passed since an investment group led by Jeff Hobbs took on the role of would-be buyer of Community State Bank in Bradley. read more >
by George Waldon -
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 >
Relyance Expands, Takes Possession of Heartland Branches
Three former Heartland Bank locations have expanded the footprint of Pine Bluff’s Relyance Bank to Dallas and Grant counties. read more >
by George Waldon -
One Bank, Heartland End 2017 with Loss
Little Rock’s One Bank & Trust pushed its string of consecutive quarterly operational losses to 22 as of Dec. 31. Heartland Bank ended the year with a loss of more than $13.7 million. read more >
by George Waldon -
Simmons Continues Heartland Deconstruction
The countdown to folding Heartland Bank operations into Simmons bank is under the 60-day mark. read more >
by George Waldon -
Suitors Revising Bid For State’s Tiniest Bank
The would-be buyers of the smallest bank in Arkansas have withdrawn their application to acquire Community State Bank of Bradley. read more >
by George Waldon -
Relyance Bank to Acquire Heartland Bank Branches
Relyance Bank of Pine Bluff said Wednesday that it will acquire Heartland Bank branches in Bryant, Fordyce and Sheridan and take on certain deposit accounts at Heartland locations in Little Rock. read more >
by Lance Turner -
Walter Quinn Sues Heartland Bank, Richard O’ Brien
Once the largest stockholder in the Little Rock bank, Quinn claims O’Brien contributed to his financial difficulties and pushed him out of Heartland. His complaint alleges breach of fiduciary duty and fraud. read more >
Ex-Partner Alleges Walter Quinn Used Straw Borrowers
A former business partner has alleged under oath that he and others served as straw borrowers so that Walter Quinn of Little Rock could access money from Heartland Bank, where Quinn was a director and its leading shareholder. read more >
by Mark Friedman -
Heartland, One Bank See More Red in 3Q
Two Little Rock banks in need of capital are traveling divergent paths in search of balance sheet stability. read more >
by George Waldon -
Judgment Ordered Against Plaintiff in Walter Quinn Case
A Colorado businessman was hit last week with a $1.9 million judgment after defaulting on a loan that he said was tied to a business deal with Walter Quinn of Little Rock. read more >
Rock Bancshares Also On the Hook to Farmers & Merchants Bank
Simmons Bank of Pine Bluff wasn’t the only bank creditor of Rock Bancshares Inc. Farmers & Merchants Bank of Stuttgart was owed $687,271. read more >
Simmons Bank Becomes Sole Shareholder of Heartland Bank
Simmons Bank of Pine Bluff is the successful bidder for the capital stock of Heartland Bank of Little Rock, which was auctioned Monday morning. read more >
by Gwen Moritz -
Court Approves Heartland’s Sale of Community State Bank
A bankruptcy judge signed off on the sale of Community State Bank of Bradley, the prime asset of its parent company, Allcorp Inc. read more >
by George Waldon -
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