Tagged: Federal Deposit Insurance Corp.

Arvest No. 1 Bank by Assets, But List is Shuffling

Arvest No. 1 Bank by Assets, But List is Shuffling

Business ListBanking & FinanceLegal

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 >

New Pitch for Bank Charter Takes Flight

New Pitch for Bank Charter Takes Flight

WhispersBanking & FinanceLegal

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 >

Arkansas Bankers Seize a National Moment

Arkansas Bankers Seize a National Moment

Banking & FinanceCover Story

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 OZK Packs Little Rock With New Deposits

Bank OZK Packs Little Rock With New Deposits

Business ListBanking & Finance

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 >

Files Offer Look Inside $120M Delta Resort Bankruptcy

Files Offer Look Inside $120M Delta Resort Bankruptcy

Banking & FinanceLegalCover Story

In December, creditors forced Gary R. Gibbs, the developer of the Delta Resort & Spa in Desha County and the Hotel Hot Springs & Spa, into bankruptcy for defaulting on $119.4 million in loans. It's familiar territory for Gibbs, who recovered from a 2005 bankruptcy only to fall back into financial distress after the New Orleans bank that made his loans failed. read more >

Abaca Prepares to Bank Marijuana Businesses, Customers

Abaca Prepares to Bank Marijuana Businesses, Customers

Banking & FinanceHealth CareLegalTechnology & Telecom

A Little Rock company that originally planned to offer medical marijuana consumers a cashless method for filling their prescriptions has broadened its scope to include financing for marijuana-related businesses. read more >