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 parent company of Mulberry’s Allied Bank marked its second year in bankruptcy last month. read more >
John Ed Chambers III of Danville was elected by his fellow trustees to serve as 2016 chairman of the Arkansas Tech University Board of Trustees during a meeting on Thursday. read more >
The pending sale of Parkway Bankshares Inc. of Portland (Ashley County) will end an 11-year struggle to make profitable inroads in northwest Arkansas. 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 >
Chambers Bank of Danville has agreed to sell one of its seven OREO properties in Springdale to a Fayetteville investment group. 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 >
The balance sheet of Mulberry’s Allied Bank is positioned to undergo a third-quarter makeover after a July 21-24 real estate auction. The $107 million-asset lender intends to liquidate a chunk of its OREO portfolio during the four-day event. read more >
Acme Holding Co., the parent company of the $107 million-asset Allied Bank of Mulberry, recently opened a new front in the ongoing financial dispute with its lead creditor. read more >
Three of the largest creditors of Acme Holding Co. recently submitted briefs in support of converting the bank holding company’s Chapter 11 reorganization to Chapter 7 liquidation. read more >
Did creditors representing $9.5 million worth of debt convince U.S. Bankruptcy Court Judge Ben Barry that Acme Holding Co. is a lost cause? A ruling in their favor could result in the second auction of an Arkansas bank in three years. read more >
The continued ownership of Allied Bank by the Lex Golden family is under judicial review after a recent two-day bankruptcy hearing in Fayetteville. U.S. Bankruptcy Judge Ben Barry will decide in the coming weeks whether Acme Holding Co. should be liquidated, resulting in the sale of Allied, the $111 million-asset bank chartered in Crawford County. read more >
Three of the largest creditors of Acme Holding Co. want to see its Chapter 11 bankruptcy reorganization converted to Chapter 7 liquidation. read more >
Dallas Cowboys owner Jerry Jones bought 254 acres in south Fayetteville for about $7.3 million. Jones purchased the property from Chambers Bank of Danville. read more >
Steve Standridge was emotional but conspicuously unapologetic when he explained to a federal judge why he committed the crimes for which she had just sentenced him to five years in prison. read more >
A proposed $2 million sale of three of Allied Bank’s six branches to an unidentified buyer has drawn opposition from the largest secured creditors of its parent company, Acme Holding Co. of Little Rock. read more >
The parent company of Allied Bank of Mulberry was steered into bankruptcy to stave off a possible takeover by a fellow lender. The defensive move buys Acme Holding Co. more time to work out a solution with Chambers Bank of Danville and other creditors. read more >
