Relyance, Citizens Banks Plan Hot Springs Branches
Relyance Bank of Pine Bluff and Citizens Bank of Batesville are the first two buyers in a new light commercial development on the southeast side of Hot Springs, developer Ross Whipple confirmed last...
View ArticleSimmons First Names Jerry Hunter, Mindy West to Board
Simmons First National Corp. of Pine Bluff announced Friday the addition of Jerry M. Hunter of St. Louis and Mindy West of El Dorado to its board of directors. Hunter is a partner in the St. Louis...
View ArticleSPONSORED: Four Essential Team Members Every New Business Needs
It’s the start of a new year and you are finally going to take the big step of starting your own business. Congratulations! According to the Small Business Administration (SBA), you will join over...
View ArticleBank of the Ozarks Posts Record 4Q, Yearly Net Income
Bank of the Ozarks Inc. on Tuesday announced record fourth quarter net income of $87.8 million, a 71 percent increase from quarterly net income of $51.5 million a year ago. The performance helped power...
View ArticleBiege Book: Economic Growth Quickened at Year's End
WASHINGTON — The U.S. economy grew a bit faster at the end of last year, spurred by healthier sales for manufacturers and steady hiring that is slowly pushing up wages. The Federal Reserve said...
View ArticleMachen Succeeds McFatridge as CEO of Bear State Financial
Mark McFatridge has resigned as CEO of Bear State Financial, and the board of directors of the publicly traded bank holding company announced Wednesday that Matt Machen will be his replacement. Machen,...
View ArticleSimmons Reports 4Q Net Income of $27M
Simmons First National Corp. earned $27 million in the fourth quarter of 2016, a year-over-year increase of 13.4 percent, pushing its net income for the year to $96.8 million, an increase of more than...
View Article4Q, Full-Year Results Up at Home BancShares
Home BancShares Inc. of Conway on Thursday announced fourth-quarter net income of $48.6 million, up nearly 30 percent from the same time last year. The parent company of Centennial Bank said...
View ArticleTy Matlock Takes Associate Seat with United Federal Credit Union (NWA Movers...
Ty Matlock has been named associate director of the board of directors of United Federal Credit Union, headquartered in St. Joseph, Michigan. The Associate Director Program is designed to provide a...
View ArticleFinancial Trouble Among Competing Convention Centers Split in Texarkana
The financial tale of Texarkana’s competing convention centers continues. U.S. Bankruptcy Court for the Eastern District of Texas on Wednesday approved the sale of Dr. Hiren D. Patel’s hotel in...
View ArticleRegions Center Consultant: 'Improper Actions' Led to Bankruptcy
(A correction has been made to this article. See end for details.) The owners of the 30-story Regions Center in downtown Little Rock weren’t able to refinance a $32 million loan before it matured on...
View ArticleJohn Rogers’ Creditors Line Up For $1.5 Million
The battle over the biggest asset remaining from John Rogers’ murky business dealings and insolvent ventures begins next week in Little Rock. Creditors of the fallen North Little Rock sports...
View ArticleSimmons to Buy Fort Worth Bank in Third Deal Since November
Simmons First National Corp. of Pine Bluff announced Monday a $462 million cash-and-stock deal to acquire First Texas BHC Inc. of Fort Worth and its $2 billion-asset subsidiary Southwest Bank. It's the...
View ArticleFarmers Bank & Trust Names Chris Gosnell CEO
(A correction has been made to this article. See end for details.) Farmers Bank & Trust of Magnolia said Tuesday that its board of directors has named Chris Gosnell president and CEO, effective...
View ArticleSouthern Bancorp to Buy Farmers Bank of Hamburg
Southern Bancorp Inc. of Arkadelphia said Wednesday that it will acquire Farmers Bank of Hamburg (Ashley County) in a $4.5 million cash-and-stock deal. Like many small banks, Farmers has struggled with...
View ArticleAsa Hutchinson Makes Appointments to Boards, Commissions
Gov. Asa Hutchinson on Thursday announced the following appointments. Lona McCastlain, Austin, to the Parole Board. Appointment expires Jan. 14, 2024. Replaces James Wallace. Ray Dillon, Little Rock,...
View ArticleCorrection: Hempstead County Eyes Bank Building for Courthouse
In today's Morning Roundup enewsletter, we linked to a story in the Texarkana Gazette about the Hempstead County Quorum Court voting to negotiate with Farmers Bank & Trust of Magnolia to purchase...
View ArticleCrossett Banker Beaty Fined $35,000 for Failing to Report Suspicious Activity
Howard M. Beaty Jr., president and CEO of First State Bank of Crossett for the past decade, has agreed to a $35,000 fine by the Federal Deposit Insurance Corp. for failing to file required reports on...
View ArticleKathy Deck: Slower Growth on Tap for Northwest Arkansas
Kathy Deck said northwest Arkansas and health care services will be strong points for an otherwise less robust Arkansas job market in 2017. Deck, the director of the Center for Business and Economic...
View ArticleOne Bank & Trust: Sell or Build Capital Base
Little Rock’s One Bank & Trust continues to operate under an unusual arrangement more than four years after the ouster of its owner and CEO, Layton “Scooter” Stuart. The $310 million-asset lender...
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