Banking & Finance - ArkansasBusiness.com

U.S. homebuilders sharply curtailed the pace of construction in June as housing starts plummeted 12.3 percent.

Global financial services company FIS of Jacksonville, Florida, and Gov. Asa Hutchinson say they will sponsor the VC FinTech Accelerator for another year.

Home BancShares Inc. of Conway reports record quarterly earnings, with net income of $76 million, up 52 percent from the same quarter last year.

First Security Bank of Searcy, Arvest Bank of Fayetteville and First Arkansas Bank & Trust of Jacksonville have been named as Arkansas’ Best-in-State Banks by Forbes magazine.

Tim Hicks, the chief administrative officer of what is now named Bank OZK explains how and why the venerable bank dropped the Ozarks from its brand.

A group led by Bhavin Sharolia bought the 16-year-old, 26-room hotel at 1301 S. Shackleford Road in west Little Rock.

The purchase and renaming of Forrest City Bank has given Nathan Waldrip an intensive education.

Acquisition has fueled boat and recreational vehicle loan growth at the two largest banking franchises headquartered in Arkansas.

In Arkansas, the number of new bank offices appears to have popped up in the past 12 months after a decade in which the count declined by more than 10 percent.

During this period, return on average equity at banks in the United States reached a low of minus 5.94 percent in the second quarter of 1987. It saw a high of 16.29 percent in the first quarter of 2000.

U.S. sales of existing homes fell 0.6 percent in June, the third straight monthly decline, as higher prices and a limited supply of listings have sidelined many would-be buyers.

Simmons First National Corp. of Pine Bluff on Monday announced record net income of $53.6 million, up 132 percent from the same quarter last year.

Sales of new U.S. homes tumbled 5.3 percent in June and the median sales price also slipped, a potentially ominous sign for the U.S. housing market.

Simmons Bank has named Chad Rawls executive vice president and executive director of credit and loan operations.

Long-term U.S. mortgage rates edged up slightly this week, reaching their highest levels since late June.

An Oklahoma company bought the 210-unit New Horizon Apartments at 4907 August Circle and the eight-unit New Haven Apartments at 1815 Broken Arrow Drive.

Community State Bank retains its title as the smallest bank in Arkansas, but its Lafayette County market is not the smallest.

More than a year has passed since an investment group led by Jeff Hobbs took on the role of would-be buyer of Community State Bank in Bradley.

Berry Bishop, the failed insurance agent, under oath in bankruptcy proceedings, has described some of his borrowings from the Bank of Prescott over the past three or four years as loan fraud.

More Americans signed contracts to purchase homes in June compared to May, but the volume of pending sales has slipped over the past year.

US Housing Starts Tumbled 12.3 Percent in June

FIS, State Will Sponsor FinTech Accelerator for Another Year

Home BancShares' Net Income Up 52 Percent

Forbes Recognizes 3 Arkansas Banks as Best-in-State (Movers & Shakers)

Tim Hicks Says Bank OZK's Branding Switch Proceeding OK

Hampton Inn Transaction Checks In at $11.9 Million (Real Deals)

Armor Bank Moves Back Into the Black

OZK, Home BancShares Launch Into Luxury Lending

Branch Banks’ Death Rumors Are Exaggerated

U.S. Banks: 2018 Return on Average Equity Almost Even With '84

US Existing-Home Sales Fell 0.6 Percent in June

Simmons First 2Q Net Income Up 132 Percent

New-Home Sales Fall 5.3 Percent in June ... A Warning Light?

Simmons Bank Names EVP

Average US Mortgage Rates Edge Up; 30-Year at 4.54 Percent

NLR Apartments Sale Tops $3.8M Mark (Real Deals)

Calhoun County Tops List of Smallest Bank Markets in Arkansas

Community State Bank Awaits Bankruptcy Clarity

Former Insurance Agent Berry Bishop Acknowledges Fraud

US Pending Home Sales Rose 0.9 Percent in June