Rock Bancshares Inc.
$11M Judgment Lands on Would-be Heartland Suitor
A California businessman who in late 2015 was going to work a deal to rescue the now-defunct Heartland Bank was hit last month with an $11 million default judgment in a lawsuit brought by CTHC Holdings LLC, led by Richard “Rick” Williams of Hot Springs. read more >
$21M Judgment Follows Collapse of Heartland Bank Deal
In late 2015, Suneet Singal thought he had a great deal with Heartland Bank of Little Rock. read more >
by Mark Friedman -
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 -
Today’s Bank Files Suit Over $54,000 Loan to Luke Quinn
The successor to the failed Allied Bank of Mulberry is trying to collect $53,898 associated with another failed lender: Little Rock’s Heartland Bank. read more >
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The would-be buyers of the smallest bank in Arkansas have withdrawn their application to acquire Community State Bank of Bradley.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 -
Walter Quinn Sues Heartland Bank, Richard O’ Brien
Once the largest stockholder in the Little Rock bank, Quinn claims O’Brien contributed to his financial difficulties and pushed him out of Heartland. His complaint alleges breach of fiduciary duty and fraud. read more >
Heartland, One Bank See More Red in 3Q
Two Little Rock banks in need of capital are traveling divergent paths in search of balance sheet stability. read more >
by George Waldon -
Judgment Ordered Against Plaintiff in Walter Quinn Case
A Colorado businessman was hit last week with a $1.9 million judgment after defaulting on a loan that he said was tied to a business deal with Walter Quinn of Little Rock. read more >
Rock Bancshares Also On the Hook to Farmers & Merchants Bank
Simmons Bank of Pine Bluff wasn’t the only bank creditor of Rock Bancshares Inc. Farmers & Merchants Bank of Stuttgart was owed $687,271. read more >
Simmons Bank Becomes Sole Shareholder of Heartland Bank
Simmons Bank of Pine Bluff is the successful bidder for the capital stock of Heartland Bank of Little Rock, which was auctioned Monday morning. read more >
by Gwen Moritz -
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 >
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 >
by George Waldon -
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 >
by George Waldon -
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 >
by -
Texas Bank Wants Walter Quinn’s Riverview Home in Foreclosure
Prosperity Bank of El Campo is seeking possession of Quinn’s 7,490-SF home in the Riverview Point neighborhood. read more >
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 >
by George Waldon -
‘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 >
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 >
by George Waldon -
Bear State Suit Puts Walter Quinn Jet on the Radar
A new lawsuit has taken flight in search of money and assets from Little Rock businessman Walter Quinn. read more >
Heartland Bank Braces For 2016
Heartland Bank of Little Rock and its parent company, Rock Bancshares Inc., have started 2016 amid changes in management, board membership and more. read more >
by George Waldon -