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Banking & Finance / Business Services / Investments

Heartland, One Bank Rack Up More Losses

The second-quarter results continued in the red at two Little Rock banks doing business under regulatory agreements. read more >
Community State Bank at 208 W. Fourth St. in Bradley
Business Services / Legal / Real Estate

Purchase Offer Calls on Allcorp Bankruptcy

A new investment group of Texans makes a $2.3M pitch to buy Community State Bank of Bradley (Lafayette County). read more >
Banking & Finance / Legal / Real Estate

Investigations Of Dallas Firm Hit Bank Deal

Government scrutiny of Harbor Portfolio Advisors of Dallas has contributed more baggage to weigh down a would-be sale of Arkansas’ smallest bank. read more >
Banking & Finance / Investments / Legal

House of Cards: How John Rogers Bilked Banks, Conned CollectorsLock Icon

Not many people know that John Rogers was a millionaire real estate investor before he began serious work building his sports memorabilia and photo empire in North Little Rock. That’s because he wasn’t. It’s a big, fat lie. read more >
Banking & Finance / Public Companies

Update: Heartland, Onebanc End 1Q in the Red

Two Little Rock lenders continue to battle through losses in search of a return to sustained profitability: Heartland Bank and One Bank & Trust. read more >
Walter Quinn’s Riverview Point home is headed toward a foreclosure auction in the wake of his diminished oil and gas wealth.
Banking & Finance / Investments / Legal

Foreclosure Suit Takes Aim at Home of Walter Quinn

Malvern National Bank claims more than $1.2 million is outstanding on a loan secured by the Riverview Point residence. The loan has been in default since November, according to the bank. read more >
Banking & Finance

Heartland Endures Another Ugly 4Q

Heartland Bank of Little Rock recorded a nearly $7.9 million loss for 2016. The lion’s share of that loss occurred in the fourth quarter. read more >

Heartland Bank Sees $7.9M Loss in 2016

Heartland Bank of Little Rock recorded a nearly $7.9 million loss for 2016. The lion's share of that loss occurred in the fourth quarter. read more >
Judy Lawton
Banking & Finance / Energy / Investments

Heartland Bank, Stung in NY Bankruptcy, Enters Agreement With Federal Reserve

Heartland Bank of Little Rock enters a written agreement with the Federal Reserve a day after emerging as a creditor to a hedge fund that federal prosecutors have described as "Ponzi-esque." Heartland and its lead shareholder, Walter Quinn, have suffered from the collapse of the oil and gas industry. read more >
Walter Quinn stepped down in 2015 as a bank director and as chairman, president and CEO of Heartland Bank’s parent company, Rock Bancshares Inc.
Banking & Finance / Energy / Investments

Fiscal Pain Shared By Walter Quinn, Heartland Bank

More than five years down the road from the bursting real estate bubble, Little Rock’s Heartland Bank and its largest shareholder were battered by loans related to another sector: oil and gas. read more >
Banking & Finance / Investments / Legal

Allcorp Follows Acme Holding Into Bankruptcy

The Chapter 11 filing by Little Rock’s Allcorp Inc. in July marks the third Arkansas bank holding company to enter bankruptcy court in four years. read more >
Judy Lawton
Banking & Finance / Investments

‘Problem Assets’ Spur Fundraising at Heartland Bank

The parent company of Heartland Bank is raising $3 million “to meet the working capital needs of the holding company while we’re preserving the capital of Heartland Bank,” said Judy Lawton, president. read more >
Lex Golden, chairman, CEO and lead shareholder in the bankrupt Acme Holding Co.
Banking & Finance / Insurance / Investments

Chambers Bank Lands $2 Million Golden Judgment

The latest ruling is one in a string of lawsuits spawned by the bankruptcy of Acme, the parent company of Allied Bank of Mulberry. Under the Golden family’s ownership and management, the bank has lost more than $14 million since 2010. read more >
Colony West Apartments in west Little Rock.
Banking & Finance / Insurance / Real Estate

Colony West Apartments Draw $6.3 Million Sale (Real Deals)

A 126-unit apartment complex in west Little Rock weighed in at $6.3 million, and a Heights retail project tipped the scales at $1.34 million. read more >
Lex Golden and his son, Alex Golden.
Banking & Finance / Legal

Lex Golden Sues Chambers Bank Over Failed Bank Buys

Lex Golden and his wife, Ellen, sued Chambers Bank of Danville in Crawford County Circuit Court alleging the lender essentially was responsible for causing all their money troubles. read more >
Banking & Finance

5 Arkansas Banks Tally 1Q Losses

Twenty-one Arkansas banks recorded a first-quarter profit of less than $200,000. Of that group, only five booked losses. read more >
Steve Stafford
Banking & Finance

OCC-Regulated Banks Continue To Grow Scarce

Once two recent proposals are approved, the number of Arkansas financial institutions regulated by the Office of the Comptroller of the Currency will fall to 18. The roster of banks regulated by the Arkansas State Bank Department will climb to 86. read more >
Susie Smith at Metropolitan National Bank in 2013.
Banking & Finance / Business Services / Public Companies

Despite Individual Victories, Progress Slow For Women in Arkansas Banking

For women in Arkansas’ banking industry, every encouraging development seems to be matched by discouraging reality. read more >
Banking & Finance / Energy / Investments

Shale Play Loan Hits Nonaccrual at Heartland Bank

Among Heartland’s biggest and worst energy-related loans is one connected with a shale play in the New Albany formation of eastern Illinois. read more >
Banking & Finance / Real Estate

Allied, Pinnacle, Heartland Score Texas Ratios Over 100

Two Arkansas banks generated Texas Ratios above 100 at year-end 2014. Twelve months later, the number grew to three, with Heartland Bank of Bryant (112.28) joining Pinnacle Bank of Rogers (139.3) and Allied Bank of Mulberry (183). read more >