Wells Fargo
US Labor Market Continues to Surprise and the Unemployment Rate, Against the Odds, is Falling
The U.S. job market has still cooled considerably from red-hot days of 2021-2023 when the economy bounced back with unexpected strength from COVID-19 lockdowns and companies were desperate for workers. read more >
by Associated Press -
Spencer Lunghino Named Chief Development Officer at Rock Dental Brands (Super Mover)
In Lunghino’s new role, he will spearhead all of Rock Dental Brands’ mergers and acquisitions strategy. read more >
Storage Project Starts With $5.1M Purchase (Real Deals)
Discover key real estate transactions across Little Rock, from a $5.1M Riverdale Center sale to high-value homes, offices, and condos changing hands. read more >
by George Waldon -
Westrock Reports Q1 Results Ahead of Public Listing
The Little Rock-based coffee and tea company said it narrowed its losses and upsized its new credit facility. read more >
Bank Overdraft Fees Fading
Once a big source of income, overdraft protection fees fall out of step in banking. read more >
Park Plaza Moves Closer to Foreclosure
Lenders are pushing forward with their foreclosure lawsuit against the owners of Park Plaza Mall in Little Rock. read more >
Correction: $1.25M in Loans to be Available for Minority-Owned Businesses
Wells Fargo awards $1.25 million in grants to Communities Unlimited of Fayetteville and Southern Bancorp of Little Rock. read more >
Rewarding Failure (Editorial)
From Wells Fargo to the Razorbacks, severance packages are getting heavy for those given the heave-ho. read more >
Arkansas Fax Avengers Target Wells Fargo for $22M
Financial giant Wells Fargo is the latest company snared in a multimillion-dollar legal strategy honed in Arkansas: filing class-action suits over unwanted faxes. read more >
by Mark Friedman -
Not a Good Look (Editorial)
It takes some doing to make Wells Fargo look like a sympathetic victim, but the legal community in Pope County has managed it. read more >
My Mama Done Tol’ Me (Gwen Moritz Editor’s Note)
As our CEO, Olivia Farrell, has told me in the pained voice of experience, be careful what you incentivize because you will surely get it. read more >
by Gwen Moritz -
Wells Fargo Complains of Delays in Regions Center Bankruptcy
The main creditor in the Chapter 11 bankruptcy reorganization involving the 30-story Regions Center in downtown Little Rock has accused the building’s owners of dragging their feet. read more >
Diamond Bank Opens Branch In Crowded Ashdown Market
Diamond Bank of Murfreesboro is expanding its southwest Arkansas footprint by opening an Ashdown branch. read more >
by George Waldon -
Regions Center Ownership Comprised of 32 Companies
The owners of the 30-story Regions Center in downtown Little Rock have filed a more detailed account of their debts and assets for the building in their Chapter 11 reorganization case. read more >
Regions Center Consultant: ‘Improper Actions’ Led to Bankruptcy
The owners of the 30-story Regions Center in downtown Little Rock weren’t able to refinance a $32 million loan before it matured on Sept. 1. That put the owners on the road to bankruptcy court. read more >
Foreclosure Surprised Regions Building Owners
An attorney for the owners of the 30-story Regions Center in downtown Little Rock said recently that he had no indication that a foreclosure lawsuit was being filed against the property. read more >
NY Group Pays $43.9M For 2 Fayetteville Centers
A New York commercial real estate group bought two Fayetteville shopping centers for $43.9 million early this month. read more >
by Marty Cook -
‘Sovereign’ Actions Complicate Foreclosure of West Little Rock Home
Documents sold on the Internet and a $700,000 “International Bill of Exchange” weren’t able to keep a minister from losing his 5,608-SF west Little Rock home in a long-running foreclosure action. read more >
by George Waldon -
Wells Fargo to Open Commercial Banking Office in West Little Rock
Citing “strong growth in Arkansas," Wells Fargo is opening a commercial banking office in west Little Rock this month. read more >
Wells Fargo Jet at Searcy Arouses Curiosity
A Wells Fargo corporate jet spent several days at Searcy Municipal Airport earlier this month, and its passengers were guests of the Hampton Inn. Were those visitors looking for a bank to buy? read more >
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