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Lex Golden

Banking & Finance / Government & Politics / Industry

Just Following Orders (Gwen Moritz Editor’s Note)

Banking isn’t the only industry plagued by dominant executives. read more >
Banking & Finance / Government & Politics / Industry

Pig Butchering (Gwen Moritz Editor’s Note)

A Kansas bank failure reminds me of episodes closer to home. read more >
Community State Bank at 208 W. Fourth St. in Bradley
Banking & Finance / Legal

Allcorp Ownership of Bradley Bank Liquidated for $2.6MLock Icon

The long-running Allcorp Inc. bankruptcy case is moving toward a close. read more >
Community State Bank at 208 W. Fourth St. in Bradley
Banking & Finance / Investments / Legal

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 >
Lex Golden
Banking & Finance / Investments / Legal

No Auction in Golden Bankruptcy; FDIC Judgment GoneLock Icon

As it stands now, there will be no auction of assets owned by fallen banker Lex Golden and his wife, Ellen. read more >
Lex Golden, chairman and CEO of Acme Holding Co., and his son, Alex, president and CEO of Acme’s prime asset: Allied Bank.
Banking & Finance / Government & Politics / Investments

Regulators Question Valuations of Acme Holdings’ ESOPLock Icon

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 >
Lex Golden, chairman, CEO and lead shareholder in the bankrupt Acme Holding Co.
Banking & Finance / Legal

Debt Discharged for Lex and Ellen GoldenLock Icon

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 >
In 2010, Lex Golden and his son, Alex Golden, were photographed in front of what would become an Allied Bank branch at 4900 Kavanaugh Blvd. in Little Rock. Five years later, the location was on a list of properties to be auctioned.
Banking & Finance / Business Services / Government & Politics

How the Goldens Ruled: Fed Report on Allied Notes Self-Dealing, Insider AbuseLock Icon

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 >
Walter Quinn
Banking & Finance / Investments / Legal

Quinn Says Gibbons Promissory Note Already PaidLock Icon

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 >
Banking & Finance / Government & Politics / Investments

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 >
Tom Gibbons of Frost PLLC thanks his colleagues after accepting the Arkansas Business CFO Lifetime Achievement Award in Accounting at a luncheon held Nov. 14 at Embassy Suites in Little Rock.
Banking & Finance / Investments / Legal

Tom Gibbons Fires Latest Shot in Walter Quinn DisputesLock Icon

A new lawsuit has been filed against Walter Quinn and his Quinn Investments Ltd. and Quinn Management Co. read more >
Lex and Alex Golden, in file art from 2010, control Acme Holding Co., the holding company for Allied Bank of Mulberry.
Banking & Finance

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 >
Community State Bank at 208 W. Fourth St. in Bradley
Banking & Finance / Investments / Legal

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 >
Banking & Finance / Investments / Legal

Amy Golden McCay Files for Chapter 7 BankruptcyLock Icon

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 >
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 >
Lex Golden
Banking & Finance / Legal

Goldens’ Meltdown Was Years In MakingLock Icon

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 >
Agriculture & Poultry / Construction / Real Estate

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 >
Clockwise from top left: Lex Golden; Ellen Golden; former Heights location of Allied Bank, Golden home, and Terry's Finer Foods properties, all in Little Rock; and Community State Bank in Bradley.
Banking & Finance / Investments / Legal

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 >
Lex Golden
Banking & Finance / Investments / Legal

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 >