Last Little Rock Allied Bank Branch Set To Close
Former Allied Bank customers have been notified that the bank branch at 5701 Kavanaugh Blvd. in Little Rock will be closing in late January. read more >
Allied Auction Saw More Banks Bid; Chambers Garnishes Golden’s Last Paycheck
The OREO component separated Today’s Bank's winning bid of a negative $6.14 million from the pack. And in its collection efforts, Chambers last month garnished an $886 paycheck, one of Lex Golden’s last paydays at Allied. read more >
Today’s Bank Takes On Teetering Allied
The Allied Bank staff was still a little shell-shocked when they convened at the main office in Mulberry on Saturday, Sept. 24. The day after regulators took over the $66.3 million-asset lender, employees gathered to learn what the future held under the new ownership of Today’s Bank of Huntsville. read more >
by George Waldon -
Today’s Bank Named Receiver for Undercapitalized Allied Bank
State and federal bank regulators on Friday named Today's Bank of Huntsville as receiver for Allied Bank, the Mulberry bank whose parent company, Acme Holding Co., is in Chapter 7 bankruptcy. read more >
by Gwen Moritz -
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 >
by George Waldon -
Federal Reserve Orders Allied Bank to Improve Equity Capital or Sell
Allied Bank of Mulberry has been ordered to take action to improve its equity capital or strike a deal to sell during the next 30 days. read more >
by George Waldon -
Golden Property Allcorp Inc. Goes Bankrupt
Allcorp Inc. of Little Rock, which owns the $16.9 million-asset Community State Bank of Bradley (Lafayette County), filed for Chapter 11 reorganization late Wednesday. read more >
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 >
by George Waldon -
Creditors Force Sale of Walter Quinn’s Aspen Condo
A new spiral is taking shape in the Lex Golden-Allied Bank-Walter Quinn nexus. read more >
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 >
All’s Quiet on the Acme Bankruptcy Front
The parent company of Mulberry’s Allied Bank marked its second year in bankruptcy last month. read more >
by George Waldon -
Heartland Bank Takes Over Allied Bank’s Last Little Rock Branch
The location of Allied Bank’s last operational branch in Little Rock recently was forfeited in lieu of foreclosure. read more >
Former Allied Ally Latest To File Lawsuit Against Acme Owners
A new lawsuit has arisen from the financial meltdown of Acme Holding Co., parent company of the $98.6 million-asset Allied Bank of Mulberry (Crawford County). read more >
Allied Access Sore Subject Between Chambers Bank, Acme Holding
The testy relationship between Acme Holding Co. and the leading creditor in its bankruptcy, evident in a two-day hearing in April, hasn’t improved. read more >
Trustee Hopes to Avoid Allied Bank Stock Auction
A new player has emerged in the bankruptcy case of Acme Holding Co. since its Chapter 11 reorganization was converted to Chapter 7 liquidation by judicial decree last month. read more >
by George Waldon -
Third Lawsuit Opens Between Chambers Bank, Golden Family
A third legal front has been opened in the financial disputes between Chambers Bank of Danville and the Lex Golden family of Little Rock. read more >
Judge Orders Liquidation of Allied Bank Parent Company
U.S. Bankruptcy Court Judge Ben Barry orders the liquidation of Acme Holding Co., the parent company of Allied Bank of Mulberry. read more >
by George Waldon -
Allied OREO Auction To Include Bank Branches
The balance sheet of Mulberry’s Allied Bank is positioned to undergo a third-quarter makeover after a July 21-24 real estate auction. The $107 million-asset lender intends to liquidate a chunk of its OREO portfolio during the four-day event. read more >
by George Waldon -
Acme Files New Suit Against Chambers in Branch Tussle
Acme Holding Co., the parent company of the $107 million-asset Allied Bank of Mulberry, recently opened a new front in the ongoing financial dispute with its lead creditor. read more >
Acme Holding: No Dividends Weigh Heavily
Did creditors representing $9.5 million worth of debt convince U.S. Bankruptcy Court Judge Ben Barry that Acme Holding Co. is a lost cause? A ruling in their favor could result in the second auction of an Arkansas bank in three years. read more >
by George Waldon -