Tagged: Sam Walls Iii

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 >

Arkansas Capital Corp. Changing Funding Model

Arkansas Capital Corp. Changing Funding Model

Banking & Finance

Arkansas Capital Corp. of Little Rock will no longer work with state government to provide small-business loans. For the first time in the organization’s almost 60-year history, its funding model is changing. read more >

Arkansas Capital Corp. Gets CDFI Designation

Arkansas Capital Corp. Gets CDFI Designation

Banking & Finance

The exclusive designation as a CDFI was made by the U.S. Department of Treasury Community Development Financial Institutions Fund. A CDFI is a specialized financial institution working in market niches underserved by traditional financial institutions. read more >