Allcorp Ownership of Bradley Bank Liquidated for $2.6M
The long-running Allcorp Inc. bankruptcy case is moving toward a close. read more >
The long-running Allcorp Inc. bankruptcy case is moving toward a close. read more >
The Acme Holding Co. Employee Stock Ownership Plan once was considered a source of pride for Allied Bank. The chairman and CEO of Acme Holding gushed about the ESOP’s value for retirement-minded Allied staffers. read more >
This week Arkansas Business debuts a new list of ESOPs — employee stock ownership plans — ranked by net assets at the end of the most recent fiscal year for which data is publicly available. read more >
A report concludes that federal bank regulators recognized that Lex Golden was a poor banker and that his family was abusing its control of Allied Bank for years. read more >
The outstanding balance of an FDIC $324,632 summary judgment from January 2015 against Amy Golden McCay is now part of her recently filed Chapter 7 bankruptcy. read more >
The early stages of the Chapter 7 bankruptcy of Lex and Ellen Golden have had a revolving door quality. read more >
Lex Golden, the Little Rock banker who once controlled two Arkansas financial institutions, recently filed Chapter 7 bankruptcy. read more >
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 >
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 >
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 >
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 >
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 >
The FDIC has locally registered judgments of nearly $900,000 against Allied Bank president Alex Golden and more than $324,000 against his sister, Amy McCay. read more >
The parent company of Mulberry’s Allied Bank marked its second year in bankruptcy last month. read more >
The location of Allied Bank’s last operational branch in Little Rock recently was forfeited in lieu of foreclosure. read more >
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 >
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 >
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 >
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 >
U.S. Bankruptcy Court Judge Ben Barry orders the liquidation of Acme Holding Co., the parent company of Allied Bank of Mulberry. read more >
