First Service to Open a Full-Service Branch in Maumelle
The branch is scheduled to open in 2024. read more >
The branch is scheduled to open in 2024. read more >
Under the proposal, the FDIC would offer business account coverage a higher levels than ordinary consumer deposits receive, the FDIC said. read more >
San Francisco-based First Republic is the third midsize bank to fail in two months. It is the second-biggest bank failure in U.S. history, behind only Washington Mutual, which collapsed at the height of the 2008 financial crisis and was also taken over by JPMorgan. read more >
More than half of Silicon Valley's assets will remain in U.S. receivership. read more >
Nearly half the money — $143 billion — went to holding companies for two major banks that failed over the past week, Silicon Valley Bank and Signature Bank. read more >
Statewide deposit growth slowed to 5.5% after two consecutive years in which COVID stimulus cash fueled unusually strong deposit growth. read more >
There’s always a lot of fraud. But there really has been more of it lately. read more >
A near 10% increase in assets helped push Arvest to the top of Arkansas Business’ annual list of the state’s biggest banks, but more changes are in store as the runners-up prepare to close significant acquisitions. read more >
Arkansas bank deposits exceeded $90 billion on June 30, an increase of 9.6% in 12 months and almost identical to the national trend line. read more >
Walmart insists it doesn’t want to be a bank, but it’s surely acting like one. read more >
Marnie Oldner of Stone Bank of Mountain View joins the Federal Deposit Insurance Corp.’s Advisory Committee on Community Banking. read more >
COVID-19 has taken a toll on bank profitability, but the combination of federal relief money and pandemic-induced financial caution created a temporary glut of deposits. read more >
Randy Dennis’ firm, DD&F Consulting Group of Little Rock, has been involved in something that’s even more unusual than a bank acquisition in 2020: a brand-new bank charter. read more >
The Federal Deposit Insurance Corp. in June finished up some housekeeping by permanently banning Carrie C. Porter of Cave City from the banking industry. read more >
George Floyd’s death in May in Minneapolis set off protests against police brutality and racism nationwide, but it had an unforeseen effect on Arkansas banking. read more >
Bank deposits in Arkansas grew by 6.5% in the 12-month period that ended June 30, outpacing the national growth rate of 4.2% and topping $70 billion for the first time, according to data released in September by the Federal Deposit Insurance Corp. read more >
Portland’s Home Bank of Arkansas posted a $640,000 loss for the quarter ending June 30. read more >
Miguel Lopez, bilingual and bicultural, says working for First Community Bank of Batesville has been his “dream job.” read more >
Protecting customers from overdrafts, a standard service provided by most banks and credit unions, can also be a lucrative revenue stream. read more >
President Trump's trade war with China is creating casualties in Arkansas. Soybean farmers have seen their exports to China plummet as prices have dropped 15%. read more >
