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US Long-Term Mortgage Rates Rise; 30-Year at 3.01%

Average rates on long-term mortgages rose this week for the first time since June 25, after weeks of marking new record lows.

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Update: Bank OZK 2Q Profit Falls By 54%

Bank OZK of Little Rock on Thursday reported second-quarter net income of $50.3 million, down 54.5% from $110.5 million it reported in the same quarter of last year.

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Be Careful Out There (Gwen Moritz Editor's Note)

A $2.4 million scam perpetrated against the Arkansas Department of Transportation is a particularly useful case for business executives to consider since it involves a simple, unsophisticated and yet...

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FMB Doubles Its Presence in Jonesboro

A year after entering Jonesboro’s $2.6 billion-deposit market, Farmers & Merchants Bank of Stuttgart is expanding its branch network with a second location.

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New Bank Name Is on Horizon For Arkansas

First Horizon National Corp. of Memphis officially crossed the Mississippi River and entered Arkansas on July 2 with the completion of its $2.3 billion stock swap purchase of IberiaBank Corp. of...

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State Bond Issue Set to Finance Cost of Commerce Building Purchase

A $26.4 million bond issue is in the works to mortgage a state-owned building

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Video: Watch the 2020 Arkansas Business 40 Under 40 Virtual Awards Ceremony

Honorees in this year's Arkansas Business 40 Under 40 class shared insights about leadership, retaining talent in Arkansas and key influences at this year's awards celebration, available now to watch...

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Simmons Hires Two Former IberiaBank Execs

Simmons Bank has named John Barber as executive vice president and chief credit officer and Jimmy Crocker as executive vice president of wealth management.

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Conway Corp.'s Energy Smart Loan Program Surpasses $1M

Conway Corp.’s Energy Smart program recently reached a milestone, surpassing the $1 million mark in no-interest loans provided by the utility to its customers.

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Cave City Embezzler Banned from Banking Industry

The Federal Deposit Insurance Corp. in June finished up some housekeeping by permanently banning Carrie C. Porter of Cave City from the banking industry.

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Hendrixson, Morris Advance at Citizens Bank (Movers & Shakers)

Lisa Hendrixson has been promoted to senior vice president and director of deposit operations, while Amanda Morris has been hired as vice president and market retail manager of Citizens Bank in...

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Some Restaurants See Sales Going Up

Adapting to takeout mode, quick-serve model shows resilience during pandemic.

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Remington Lists Arkansas as Creditor in Bankruptcy Filing

In bankruptcy, Remington lists the state of Arkansas among creditors who have the 40 largest unsecured claims and are not company insiders.

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Arkansas Business Seeks Nominations for CFO of the Year

Arkansas Business is now taking nominations for its annual CFO of the Year Awards. Honorees will be honored during a virtual livestream awards ceremony on Dec. 15.

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Candace Franks to Retire as State Bank Commissioner

Candace Franks, commissioner of Arkansas state banks for the past 13 years, announced on Wednesday that she will retire on Oct. 1 after 40 years with the State Bank Department.

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As PPP Ends, Hard-Hit Businesses Hope for 2nd Chance

Small businesses are in limbo again as the coronavirus outbreak rages and the government’s $659 billion relief program draws to a close.

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Schild Moves Up at Arvest (Movers & Shakers)

Hillis Schild has been promoted to community and business relationship manager by Arvest Bank in Little Rock.

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U.S. Gross Domestic Product Plunges 32.9% in Q2

Gross domestic product in the United States plunged at an annual rate of 32.9% in the second quarter of 2020, a record. The drop was 9.5% compared with the first quarter.

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HMS Plant Acquisition Registers $15.1M (Real Deals)

A 557,950-SF building in the Little Rock Port Industrial Park tipped the scales at $15.1 million.

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A Remade Windstream Bets on Itself

Windstream's immediate plans once it comes out of bankruptcy includes investing in high-speed broadband for rural consumers.

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