Survey: Branch Banking in the U.S. Still a Robust Service
Bank customers continue to seek the human touch provided by bank branches, according to a survey by Protiviti, a global consulting firm based in Menlo Park, California. The survey, released late last...
View ArticleGaillardia Club Woes Spawned Phil Herrington Bankruptcy
Little Rock developer Philip Herrington believes if he sells his undeveloped lots in Oklahoma City, he will have more than enough to repay the creditors in his $13.45 million bankruptcy. Herrington’s...
View ArticleJohnny Allison Plays Market for Gains After Brexit 'Bank Sale'
Johnny Allison, the Home BancShares Inc. chairman for whom the word “colorful” was invented, loves the banking game. And it is a game to him, he said in an interview last week, albeit a serious one. If...
View ArticleAt Least One Offer Pending on John Rogers Lakewood Mansion in NLR
It looks like there’s a buyer for the foreclosed Lakewood mansion of troubled North Little Rock businessman John Rogers. “We have an offer accepted on it, and we also have a backup offer,” said Lynn...
View ArticleCreditors Force Sale of Walter Quinn's Aspen Condo
A new spiral is taking shape in the Lex Golden-Allied Bank-Walter Quinn nexus. Southern Bank of Poplar Bluff, Missouri, has sued Allied Bank over participation in a June 2010 loan to Quinn Investments...
View ArticleRegulatory Costs Hit Smaller Banks Harder, St. Louis Fed Economists Conclude...
Smaller banks really are hit harder by the cost of regulatory compliance, a report published last week concluded. Fortunately, bank regulators seem to be aware of the problem and are taking action,...
View ArticleDemo Day for VC FinTech Accelerator is Aug. 3
Seats are filling up, with more than 200 expected to attend the Venture Center's VC FinTech Accelerator's Global Investor Demo Day to be held from 1-5 p.m. Aug. 3 at the Clinton Presidential Library,...
View ArticleUS Regulators: Still Heavy Risk in Big Bank Loans
WASHINGTON — Federal regulators say risk remains heavy in large loans made by banks and other financial institutions, though lending standards have improved. The Federal Reserve and other agencies...
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Play Your Own Game (Gwen Moritz Editor's Note)
I know I risk sounding like a shill here, but if you weren’t one of the 500 or so who attended the Arkansas Business 40 Under 40 luncheon a few weeks ago, you missed the kind of feel-good moments that...
View ArticleNLR Bowling Project Rolls Out $2.3M Sale (Real Deals)
A 35,492-SF bowling center in North Little Rock weighed in at $2.3 million. Millennium Bowl of Little Rock LLC, led by Anil Nayar, Aziz Pabani, Akbar Pabani and Kairunnisa Khan, bought its namesake...
View ArticleLoan Loss Models Vary Bank-by-Bank
Proportionally, no other Arkansas bank committed more to its loan loss reserves during the first quarter than DeWitt Bank & Trust. The $118.7 million-asset lender’s allocation of the equivalent of...
View ArticleGolden Property Allcorp Inc. Goes Bankrupt
Another business holding of the Golden family has filed for bankruptcy protection. Allcorp Inc. of Little Rock, which owns the $16.9 million-asset Community State Bank of Bradley (Lafayette County),...
View ArticleATRS to Get Part of $300M Class-Action Settlement
Arkansas Teacher Retirement System will receive a percentage of a $300 million class-action settlement it reached last week with its custodial bank in connection with overcharging fees. ATRS is waiting...
View ArticleFIS, Governor Extend VC FinTech Accelerator Program to 2018
FIS of Jacksonville, Florida, and Gov. Asa Hutchinson announced Wednesday that they aim to extend the VC FinTech Accelerator program until 2018 to the tune of $500,000 each for both years — a total of...
View ArticleBear State Bank Partners with Fintech Startups, One to Stay in Little Rock
Bear State Financial Inc. of Little Rock has partnered with two startups — LumoXchange of Atlanta and Monotto of Charleston, South Carolina — that participated in the first FinTech Accelerator program...
View ArticleUS Adds A Robust 255K Jobs; Unemployment Stays 4.9 Percent
WASHINGTON — Employers added a healthy 255,000 jobs last month, a sign of confidence amid sluggish growth that points to a resilient U.S. economy. The Labor Department said Friday that the unemployment...
View ArticleWhat’s Your Legacy? (Editorial)
A radio report about the importance of having a will grabbed our attention last week. The report noted that more and more people are recording “ethical wills” for posterity, stories of their life and...
View ArticleTen Arkansas Business Icons Have Stories to Tell
I don’t know how else to say this: If you don’t enjoy this issue, you really don’t have any business reading Arkansas Business. We’ve had some fun issues in the past — I’m especially proud of our 25th...
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State of the Debate on 'Too Big to Fail' (James Bullard Commentary)
After the financial crisis, new regulations sought to address systemic risk within the U.S. financial system, including rules addressing capital requirements, liquidity ratios and leverage levels. Even...
View ArticleNo Changes Expected in First State Bank Change of Control Approval
The Arkansas State Bank Department has given preliminary approval to an application for a change of control at First State Bank of Russellville, one of the final pieces in the estate plan of the late...
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