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 ArticlePending 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 ArticleSimmons 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 ArticleStone 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 ArticleCooper Advaces at FNBC Bank (Movers & Shakers)
Erica Cooper has been promoted to assistant vice president, community development at FNBC Bank in Ash Flat.
View ArticleArvest 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 ArticlePark 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 ArticleFrom 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 ArticleNew 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 ArticleSterling 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 ArticleFirst 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 ArticleShare 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 ArticleArkansas 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 ArticleMore Face Time in Dallas for Gleason
George Gleason, Bank OZK chairman and CEO, is becoming a Texan, in a transient sort of way.
View ArticleData-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 ArticleIn 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 ArticleWill 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 ArticleArkansas Banks Start to See Forgiveness on PPP Loans
Bankers get some money back, but federal process should be simpler, they say.
View ArticleVirus 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 ArticleMichael 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.
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