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First State Bank of Lonoke Looks for New CEO

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As of June 4, Lonoke’s First State Bank had an open position at the top of the organizational chart. David Estes exited as CEO of the $279 million-asset lender.

Citizens Bank Selects Point for Entry Into Little Rock

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Citizens Bank of Batesville is formally wading into the state’s largest market with a west Little Rock presence.

Mexico Chiquito Serves $1.5 Million Transaction (Real Deals)

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Anchor Realty Investments LLC, led by David Bubbus, bought the Mexico Chiquito at 13924 Cantrell Road.

Today's Bank Files Suit Over $54,000 Loan to Luke Quinn

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The successor to the failed Allied Bank of Mulberry is trying to collect $53,898 associated with another failed lender: Little Rock’s Heartland Bank.

Home BancShares Acquires Shore Premier Finance

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The parent company of Centennial Bank buys Shore Premier Finance, a division of Union Bank & Trust of Richmond, Virginia, in a deal that includes $374.5 million in cash and 1.25 million shares of Home BancShares stock.

Average US 30-Year Mortgage Rates Fall to 4.52 Percent

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Long-term U.S. mortgage rates fell this week, offering a slight degree of relief to would-be homebuyers.

MIke Williard Selected as Regional CEO at Arvest (Movers & Shakers)

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Mike Willard has been promoted to CEO of Arvest Bank’s north-central Arkansas and West Plains, Missouri, region, effective July 1.

Warehouse Development Draws $9.3M Transaction (Real Deals)

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New ownership of the five-building, 177,626-SF Shackleford Corporate Center is divided into six limited liability companies.

Collection Suit Against Luke Quinn Dismissed

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From the Quinn camp, we heard the case went away because Today’s Bank of Huntsville didn’t own the Allied Bank loan associated with the alleged bad debt.

John Lewis Ordered to Pay Back Alimony

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The Little Rock businessman was ordered to pony up $107,500 to cover back alimony to his ex-wife, Kimberly, and her attorney costs.

Benton, Craighead Counties Top Arkansas List of Incoming Investments

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SmartAsset, a financial technology company based in New York, considered a number of factors to create its listing of the counties in Arkansas that have the most incoming investments

Legacy National Bank Closes Deal to Buy Gravett Bancshares

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Legacy National Bank of Springdale closes on its previously announced purchase of Gravett Bancshares Inc. and its subsidiary Bank of Gravett.

Bank of the Ozarks' 2Q Profit Up 27 Percent; Name Changes on Monday

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Bank of the Ozarks announces a $114.8 million profit for the second quarter of 2018. The company also said that, effective Monday, its name will change to Bank OZK. The company announced the name change in March.

CEOs Aren’t Talking to Customers (Jim Karrh On Marketing)

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Given the truth that CEOs are ultimately responsible for the growth of the enterprise, one detail stands out: “Most of our CEOs were dismayed to discover how little time they spent with their customers — just 3% on average.”

NLR Apartments Attract $6.4 Million Transaction (Real Deals)

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An affiliate of Zieben Group in Houston, Texas, purchased the 120-unit Summertree Apartments at 5100 Summertree Drive and the 112-unit Valley View Apartments at 5125 Velvet Ridge Road.

Dawn Ellis Named SVP at Helena National Bank (Movers & Shakers)

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Dawn Ellis has been hired as senior vice president of Helena National Bank and president of the bank’s Marion branch.

Attorney Raymon B. Harvey on Questions to Ask Before Your Senior Years

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Little Rock lawyer Raymon B. Harvey, who specializes in elder law, emphasizes planning in considering the needs of an aging population.

Banking Exchange Nationaly Recognizes Batesville's Sandra Starnes

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Sandra Starnes, 30-year-old vice president for emerging products and services at Citizens Bank in Batesville, is one of Banking Exchange's 20 Under 40 honorees.

Christian Publisher Sued for Defamation

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A woman filed suit in Benton County Circuit Court against her estranged husband, alleging he defamed her when his lawyer sent a letter to a Wisconsin bank.

Southern Bancorp Community Partners President Named

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Southern Bancorp Inc. of Little Rock announced Tuesday that, following a nationwide search, Karama Neal, Ph.D., was selected to serve as president of Southern Bancorp Community Partners.
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