Quantcast
Channel: Banking & Finance - ArkansasBusiness.com
Browsing all 4003 articles
Browse latest View live

US Economy Grew at 33% Rate in 3Q But Recovery Is Incomplete

The U.S. economy grew at a sizzling 33.1% annual rate in the July-September quarter — by far the largest quarterly gain on record — rebounding from an epic plunge in the spring.

View Article


Pending Home Sales Cool in September, Down 2.2%

The pending sales of existing homes fell 2.2% in September, the National Association of Realtors says, the first monthly contraction of that figure in four months.

View Article


Simmons Bank Donates $25K to UAMS Campus in El Dorado

Simmons Bank presented $25,000 to the University of Arkansas for Medical Sciences on Wednesday to help fund the coming UAMS regional campus in El Dorado.

View Article

Stone Bank, Ozark Highlands Radio Plan Virtual Salute to Veterans

Stone Bank, which gained remote media experience with a virtual music event in May, “Cabin Fever 2020,” is extending the idea with a virtual Veterans Day tribute to Arkansans who served in the...

View Article

Cooper Advaces at FNBC Bank (Movers & Shakers)

Erica Cooper has been promoted to assistant vice president, community development at FNBC Bank in Ash Flat.

View Article


Arvest Takes Over NanoMech Property in Springdale

Arvest Bank now owns bankrupt NanoMech’s 20,000-SF headquarters and production facility at 2447 Technology Way in the wake of an Oct. 20 foreclosure sale.

View Article

Park Plaza Owner Files Chapter 11 Bankruptcy

Park Plaza Mall owner CBL & Associates Properties Inc. of Chattanooga, Tennessee, files Chapter 11 bankruptcy, seeking to restructure its debt and survive amid rising e-commerce and declining...

View Article

From a Distance, Commissioner Susannah Marshall Holds State Banks in Check

Susannah Marshall, who grew up in Newport, was appointed bank commissioner on Oct. 1 after 25 years with the State Bank Department.

View Article


New Pitch for Bank Charter Takes Flight

Randy Dennis’ firm, DD&F Consulting Group of Little Rock, has been involved in something that’s even more unusual than a bank acquisition in 2020: a brand-new bank charter.

View Article


Sterling Bank Goes Uptown With $1.9M Purchase

Sterling Bank of Poplar Bluff, Missouri, paid $1.9 million for a 3.2-acre lot at the corner of Steele Boulevard and North Shiloh Drive in Fayetteville.

View Article

First National Bank of Paragould Requests Holliday Pay

First National Bank of Paragould wants to move forward with its efforts to collect its debts from disgraced former Craighead County Clerk Jacob “Kade” Holliday.

View Article

Share of Nonperforming Loans Improves in 2019

In 2019, 0.89% of the loans that banks in the United States held were nonperforming, meaning that 99% of loan recipients were repaying their bank back.

View Article

Arkansas Banks Face Down Problem Loans

Fayetteville’s Arvest Bank began the year wading through problem loans even before the effects of COVID-19 began to manifest. The $23.2 billion-asset lender recorded a $50.6 million loss in the first...

View Article


More Face Time in Dallas for Gleason

George Gleason, Bank OZK chairman and CEO, is becoming a Texan, in a transient sort of way.

View Article

Data-Driven Partnership Takes Leap of Faith

Data Driven Partners works with businesses and nonprofit foundations to gather and formulate their important data into easy-to-read and accessible dashboards.

View Article


In Bankruptcy, Caldwell Admits Selling Property but Denies Fraud

A Dumas agribusinessman who admits to selling property used as security for millions of dollars in bank loans expects to be charged by federal prosecutors, but as of Wednesday he was still waiting.

View Article

Will the Sun Set on Solar's Tax Break?

Solar businesses fear the toll as U.S. tax credits, now 26%, are set to fall to 22% in 2021 and to 10% for commercial projects only in 2022, barring policy shifts.

View Article


Arkansas Banks Start to See Forgiveness on PPP Loans

Bankers get some money back, but federal process should be simpler, they say.

View Article

Virus Relief Leaves Arkansas Banks Awash in Deposits

COVID-19 has taken a toll on bank profitability, but the combination of federal relief money and pandemic-induced financial caution created a temporary glut of deposits.

View Article

Michael Pakko: Employment to Return to Pre-Pandemic Levels by Late 2022

Michael Pakko says the state could see a return to pre-pandemic employment by the end of 2022 — an outlook that could be affected by a vaccine, more stimulus and new shutdowns.

View Article
Browsing all 4003 articles
Browse latest View live