Red Dot Transaction Fills $2.3M Space (Real Deals)
Red Dot Storage 155 LLC of Louisville, Colorado, bought the USA Storage project at 4101 E. Kiehl Ave. from Tisdale Properties & Development LLC, led by Tracy Tisdale. read more >
Tagged: Homebank Of Arkansas
Pair of WLR Apartments Sold for Combined $56.5M
The sale of west Little Rock apartment developments starts this week’s procession of million-dollar real estate transactions, followed by a Searcy hotel and three Sherwood properties. read more >
FDIC Enters Consent Order With 'Unsafe or Unsound' HomeBank of Arkansas
The April 8 order, which was released publicly by the FDIC on Friday, charges the leadership of the $76 million-asset lender with unsafe or unsound banking practices. read more >
Briarwood, Spring Valley Apartments Draw $21.5M Combo Deal (Real Deals)
Affiliates of Vesta Capital of Leawood, Kansas, purchased the 280-unit Briarwood Apartments for $13.58 million and the 245-unit Spring Valley Apartments for $8 million. read more >
Recent Real Estate Deals Total $1.2M
Two commercial sites, one in southwest Little Rock and one in Maumelle, sold recently. read more >
No Word on Whether HomeBank Plans to Pass on Cannabis Banking
It’s been almost exactly a year since Whispers first reported that HomeBank had hooked up with a third-party vendor of cannabis banking services, Safe Harbor Services LLC, a subsidiary of Partner Colorado Credit Union. read more >
HomeBank of Arkansas to Bank Medical Marijuana Industry
A small Arkansas bank is stepping forward to provide banking services to the medical marijuana industry. HomeBank of Arkansas officially announced plans to team with Safe Harbor Services, a subsidiary created last year by Partner Colorado Credit Union. read more >
Homebank Holds Claim in El Dorado Man's $3.3M Bankruptcy
El Dorado businessman Darrell Lee Madding recently filed for Chapter 7 bankruptcy liquidation, listing $3.3 million in debts and $4.4 million in assets. read more >
John Stacks Sees Charges Dismissed
The five-year battle between the federal government and John Stacks ended July 20 when the U.S. Attorney for the Eastern District of Arkansas dismissed an indictment against the former owner of Mountain Pure LLC. read more >
Fed Uncaps Its Case Against Mountain Pure's John Stacks
The criminal trial of John Stacks, owner of Mountain Pure water bottler and former CEO of HomeBank of Arkansas, commenced last week before U.S. District Judge Leon Holmes, 12 jurors and two alternates. read more >
Simmons First Sues Mountain Pure for Defaulting on $16.5M in Loans
Simmons First National Bank has sued Mountain Pure and its owner, John B. Stacks, for defaulting on $16.5 million worth of loans. Meanwhile, Stacks is launching a website to offer his take on events surrounding his indictment in separate case. read more >
John Stacks: Federal Charges 'Without Merit' But Not Surprising
Banker and business owner John Stacks has issued a statement denying any wrongdoing in his dealings with a Small Business Administration loan while complaining that a recent federal indictment was so vague that "we're not exactly sure what it is alleging." read more >
John Stacks, Banker and Owner of Mountain Pure Water, Indicted on 11 Counts
John Stacks, the owner of water bottler Mountain Pure LLC, was indicted Tuesday on 11 felony counts related to what federal prosecutors say was a fraudulent loan from the U.S. Small Business Administration in 2009. Charges include wire fraud and money laundering. read more >
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