Lex Golden
Just Following Orders (Gwen Moritz Editor’s Note)
Banking isn’t the only industry plagued by dominant executives. read more >
by Gwen Moritz -
Pig Butchering (Gwen Moritz Editor’s Note)
A Kansas bank failure reminds me of episodes closer to home. read more >
by Gwen Moritz -
Allcorp Ownership of Bradley Bank Liquidated for $2.6M
The long-running Allcorp Inc. bankruptcy case is moving toward a close. read more >
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 >
Regulators Question Valuations of Acme Holdings’ ESOP
The Acme Holding Co. Employee Stock Ownership Plan once was considered a source of pride for Allied Bank. The chairman and CEO of Acme Holding gushed about the ESOP’s value for retirement-minded Allied staffers. read more >
by George Waldon -
Debt Discharged for Lex and Ellen Golden
While Lex and Ellen Golden were discharged from bankruptcy last week, their Chapter 7 liquidation remains active with a pending auction of household furnishings and other assets. read more >
How the Goldens Ruled: Fed Report on Allied Notes Self-Dealing, Insider Abuse
The narrative of the report is dominated by criticism of the Goldens, by title rather than name, and the bank board they held sway over. read more >
by George Waldon -
Quinn Says Gibbons Promissory Note Already Paid
That promissory note, assigned to Tom Gibbons on Aug. 29, 2016, originally was held by Lex Golden, the former controlling party of defunct Allied Bank. read more >
Boss Hogg 2.0 (Gwen Moritz Editor’s Note)
Even after Allied Bank was shut down by the Arkansas State Bank Department in 2016, I wasn’t expecting a 40-page report from the Office of Inspector General. But Allied was special. read more >
by Gwen Moritz -
Tom Gibbons Fires Latest Shot in Walter Quinn Disputes
A new lawsuit has been filed against Walter Quinn and his Quinn Investments Ltd. and Quinn Management Co. read more >
Fed Report: Examiners Tried to Remove Goldens Years Before Bank Failure
A report concludes that federal bank regulators recognized that Lex Golden was a poor banker and that his family was abusing its control of Allied Bank for years. read more >
by Gwen Moritz -
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 -
Amy Golden McCay Files for Chapter 7 Bankruptcy
The outstanding balance of an FDIC $324,632 summary judgment from January 2015 against Amy Golden McCay is now part of her recently filed Chapter 7 bankruptcy. read more >
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 >
by George Waldon -
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 >
by George Waldon -
Goldens’ Meltdown Was Years In Making
Instead of saving Allied Bank from the ruinous meltdown of a radio-active loan portfolio he built, Little Rock banker Lex Golden rode the same downward spiral to insolvency. read more >
by George Waldon -
Hergets Give Heights Icon New Chance
The venerable Terry’s Finer Foods in the Heights lives now as the Heights Corner Market, a rebirth greeted with relief by all who relied on Terry’s for great meat, seafood, desserts and its selection of hard-to-find groceries. read more >
by Jan Cottingham -
Golden Bankruptcy Reveals Allcorp Deal
A possible bank stock sale and details of a legal settlement are part of the bankruptcy narrative in the 66-page Chapter 7 filed by Lex and Ellen Golden of Little Rock. read more >
by George Waldon -
Lex Golden Lists Nearly $8 Million in Liabilities in Bankruptcy Filing
Lex Golden, the Little Rock banker who once controlled two Arkansas financial institutions, recently filed Chapter 7 bankruptcy. read more >