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TARP

Controlling interest in One Bank & Trust is marked for court-ordered sale. The stock, seized by U.S. Marshals 17 months ago, was owned through OneFinancial Corp. by  Layton “Scooter” Stuart, chairman, president and CEO of the holding company and the bank.
Banking & Finance / Government & Politics / Legal

Date Set for One Bank & Trust SaleLock Icon

Standing first in line for the court-ordered sale of controlling interest in Little Rock’s One Bank & Trust is the United States of America, with a potential credit bid of up to $47.9 million. read more >
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

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 >
Banking & Finance / Investments / Public Companies

Southern Bancorp Plans To Raise $20M

The ownership of Southern Bancorp Inc. recently underwent change to simplify its stock structure and create a more market-friendly organization. read more >
Banking & Finance / Government & Politics

Community First Bancshares Exits TARP In the Black

The U.S. Treasury ended up with nearly $3.7 million more than it “loaned” to Community First Bancshares Inc. of Harrison. The $12.7 million that Uncle Sam invested in Community First was accomplished with preferred stock and warrants issued through the Capital Purchase Program. read more >
Banking & Finance / Government & Politics

Special TARP Investigator Lists Dozens of Prosecutions

The federal agency that is keeping tabs on TARP, the bank bailout program that dates to 2008, reported last month that it has pursued legal action against scores of bank executives who allegedly misused the taxpayer funds. read more >