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Michael Heald

Former and current One Bank & Trust executives, from left: Layton "Scooter" Stuart, Jerry Pavlas, Jim Schnoes, Brad Paul, Michael Heald and Gary Rickenbach.
Banking & Finance / Government & Politics / Insurance / Investments / Legal / Public Companies / Real Estate

Feds Ask To Sell One Bank & Trust

A change of ownership is in motion for Little Rock’s One Bank & Trust. The U.S. government has asked for a court-ordered stock sale of controlling interest in the $305 million-asset bank. read more >
Former One Bank & Trust executives Brad Paul and Mike Heald.
Banking & Finance / Government & Politics / Legal

Michael Heald, Bradley Paul Acquitted in Bank Fraud Case

Two former One Bank & Trust executives were found not guilty Monday after a three-week jury trial in federal court in Little Rock. read more >
Former One Bank & Trust executives Brad Paul and Mike Heald.
Banking & Finance / Legal

Two Former One Bank Execs Set for October Trial

The knottiest white-collar criminal case in recent memory should finally go to trial next month, but only half of the original defendants will face the jury. read more >
Former and current One Bank & Trust executives, from left: Jerry Pavlas, Jim Schnoes, Brad Paul, Michael Heald and Gary Rickenbach.
Banking & Finance / Insurance / Investments / Legal / Real Estate

Scooter Stuart’s Fall Still Feeds Litigation

Only a handful of lawsuits that erupted from the upheaval at One Bank & Trust continue to wind through the court system. read more >
Alberto Solaroli
Banking & Finance / Legal

One Bank Customer Solaroli Sentenced to One Year in Federal Prison

"I think when you steal $1.5 million, you deserve prison," Chief U.S. District Judge Brian Miller of Little Rock told Alberto Solaroli, the Canadian citizen who pleaded guilty to laundering proceeds from a 2007 bank loan. read more >
The 55,000-SF clubhouse at Gaillardia Golf & Country Club in Oklahoma City.
Banking & Finance / Construction / Legal / Real Estate / Tourism

Oklahoma Bank Registers $3M Judgment Against Phil Herrington

The judgment represents the outstanding balance on a $4 million loan from First Commercial Bank of Edmond, Oklahoma. read more >
Banking & Finance / Legal

Judge Dismisses 4-Count Indictment Against Tom Whitehead

The four-count criminal indictment against former One Bank & Trust executive Tom Whitehead was dismissed Thursday by U.S. District Judge Kristine G. Baker at the request of federal prosecutors. read more >
Gary Rickenbach
Banking & Finance / Legal

Gary Rickenbach Offers Conditional Guilty Plea in One Bank Case

Gary Rickenbach, the former senior executive vice president of One Bank & Trust of Little Rock, offered a conditional guilty plea in federal court provided the judge agrees to sentence him to two years of probation. read more >
Michael Heald
Banking & Finance / Investments / Legal

Investment Group Headed by Johnelle Hunt Alleges Fraud in One Bank Lawsuit

Extraordinary items have provided the $329 million-asset One Bank & Trust with three quarterly respites from losses during the past 18 months. But more courtrooms await the bank since being sued by BHL Financing read more >
Layton "Scooter" Stuart
Banking & Finance / Insurance / Legal

Federal Prosecutors Sue Scooter Stuart’s Estate, Family Trusts

The lawsuit is the latest in a cascade of civil and criminal cases alleging widespread and long-term fraud by Stuart and other executives of One Bank & Trust and its holding company. read more >
Banking & Finance / Legal

Matthew Sweet, Former One Bank Controller, Sentenced to Probation

Federal prosecutors agreed to seek no prison time for Sweet, who had repaid One Bank for $110,000 embezzled to pay his personal credit cards. read more >
Alberto Solaroli
Banking & Finance / Government & Politics / Legal

One Bank Customer Pleads Guilty to Reduced Federal Charge of Money Laundering

In a plea deal reached with the U.S. Attorney's Office in Little Rock, Albert Solaroli pleaded guilty to laundering $120,000 of the loan in exchange for having a pending bank fraud charge dismissed. read more >
Alberto Solaroli
Banking & Finance / Legal

Grand Jury Indicts 4 Tied to One Bank Loans to Alberto Solaroli

A grand jury indictment names a quartet of former top executives at One Bank & Trust in an alleged conspiracy to defraud the federal government. read more >
Layton "Scooter" Stuart
Banking & Finance / Business Services / Government & Politics / Insurance / Investments / Legal / Public Companies / Real Estate

One Bank’s Scooter Stuart Thought He Knew Who Blew the Whistle

Before he died on March 26, Layton “Scooter” Stuart told Arkansas Business that he thought he knew who had stirred up trouble for him with the chief federal regulators of his One Bank & Trust: Michael Heald and Tom Ricciardone. read more >
The Founders Ridge manor controlled by Phil Herrington is part of a foreclosure lawsuit filed by One Bank & Trust of Little Rock.
Banking & Finance / Legal / Real Estate

Utah Properties Subject of One Bank & Trust Lawsuit

One Bank & Trust is suing Little Rock businessman Phil Herrington, his Herrington Inc. private equity and development firm and six business entities associated with a $5 million loan backing a five-lot project in Utah. read more >