Tagged: Alex Golden

Regulators Question Valuations of Acme Holdings' ESOP

Regulators Question Valuations of Acme Holdings' ESOP

Banking & FinanceLegalCover Story

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 >

Boss Hogg 2.0 (Gwen Moritz Editor's Note)

Boss Hogg 2.0 (Gwen Moritz Editor's Note)

OpinionBanking & FinanceLegalEditor's Note

Even after Allied Bank was shut down by the Arkansas State Bank Department in 2016, I wasn’t expecting a 40-page report from the Office of Inspector General. But Allied was special. read more >

Goldens' Meltdown Was Years In Making

Goldens' Meltdown Was Years In Making

Banking & FinanceLegalCover Story

Instead of saving Allied Bank from the ruinous meltdown of a radio-active loan portfolio he built, Little Rock banker Lex Golden rode the same downward spiral to insolvency. read more >

Today’s Bank Takes On Teetering Allied

Today’s Bank Takes On Teetering Allied

Banking & FinanceLegal

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 >

Golden Property Allcorp Inc. Goes Bankrupt

Golden Property Allcorp Inc. Goes Bankrupt

WhispersBanking & FinanceLegal

Allcorp Inc. of Little Rock, which owns the $16.9 million-asset Community State Bank of Bradley (Lafayette County), filed for Chapter 11 reorganization late Wednesday. read more >

Chambers Bank Lands $2 Million Golden Judgment

Chambers Bank Lands $2 Million Golden Judgment

Banking & FinanceLegalCover Story

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 >