Paul D. Kanneman Named CIO at Simmons Bank
Simmons Bank said Tuesday that Paul D. Kanneman has joined the company as executive vice president and chief information officer. Kanneman most recently worked for 14 years for Grant Thornton of...
View ArticleIberiaBank to Buy Sabadell United In $1B Deal
IberiaBank Corp. of Lafayette, Louisiana, said Wednesday that it has agreed to buy Sabadell United Bank N.A. from Banco de Sabadell S.A. of Barcelona in a stock and cash transaction valued at $1.025...
View ArticleHome BancShares Leader Gets Pay Boost in 2016
Home BancShares Inc. Chairman Johnny Allison received a $3.6 million compensation package in fiscal 2016, up from $2.8 million in the previous year, according to the company's proxy statement, filed...
View ArticleYellen Signals the Fed Will Likely Raise Rates This Month
WASHINGTON — Federal Reserve Chair Janet Yellen signaled Friday that the Fed will likely resume raising interest rates later this month to reflect a strengthening job market and inflation edging toward...
View ArticleJohnny Poole Joins Arvest Wealth in Little Rock (Movers & Shakers)
Johnny Poole has joined Arvest Wealth Management in central Arkansas as senior vice president and regional manager. He will be based in Little Rock. Poole was previously a vice president and program...
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What Is Economic Nationalism? (Craig Douglass On Consumers)
CPAC stands for Conservative Political Action Conference, which is held annually by the American Conservative Union. At this year’s conference in our nation’s capital, the Trump tandem of Chief of...
View ArticleMidsouth Bank Accuses Arkansas Convention Center Owner of Fraud
MidSouth Bank of Lafayette, Louisiana, has asked a bankruptcy court judge not to allow Dr. Hiren D. Patel, who owns the Arkansas Convention Center & Holiday Inn in Texarkana, to be allowed to walk...
View ArticlePodiatrist's Purchase of Convention Center Gives Texarkana Officials Cold Feet
A Texas podiatrist with a past that includes a federal conviction wants to buy the troubled Arkansas Convention Center & Holiday Inn out of bankruptcy — and that has some Texarkana officials on the...
View ArticleAuto Dealership Buys Surpass $41 Million (Real Deals)
A series of auto transactions in Pulaski County added up to $41.5 million. Affiliates of Little Rock’s McLarty Auto Group bought four auto properties from affiliates of Asbury Automotive Group of...
View ArticleLex Golden Lists Nearly $8 Million in Liabilities in Bankruptcy Filing
Did you know that Lex Golden, the Little Rock banker who once controlled two Arkansas financial institutions, recently filed Chapter 7 bankruptcy? The joint filing by Golden and his wife, Ellen, lists...
View ArticleSimmons Bank Buys Acxiom Building in Downtown Little Rock
Simmons Bank of Pine Bluff has purchased the 12-story Acxiom Building in downtown Little Rock, and Acxiom Corp. will move its headquarters back to Conway, where it was founded, the two companies...
View ArticleDowntown Startup Space Among Conway Chamber's Priorities
(Editor's Note: A correction has been made to this article. See the end of the article for details.) The Conway Area Chamber of Commerce said Thursday it will raise public and private money for seven...
View ArticleShelia Cannon Turns to Stone Bank (Movers & Shakers)
Shelia Cannon has been named a professional banker on the retail banking team at Stone Bank in White Hall. She was most recently a branch manager at Simmons Bank in Pine Bluff and began her banking...
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The Policy Rule Debate: A Simpler Solution (James Bullard Commentary)
There has been growing public debate over how the Federal Reserve should conduct and communicate monetary policy. Some recent proposals, for instance, would require the Fed to specify a monetary policy...
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Managing Small-Business Cash Flow (Marcus Guinn Expert Advice)
Cash flow is the largest determining factor of a small business’ success or failure. Before a company opens for business, there should be a plan in place for managing cash flow. Every company will...
View ArticleGolden Bankruptcy Reveals Allcorp Deal
A possible bank stock sale and details of a legal settlement are part of the bankruptcy narrative in the 66-page Chapter 7 filed by Lex and Ellen Golden of Little Rock. The Feb. 27 petition, which...
View ArticleNew Loan in the Works for K Lofts
Rumblings of a new funding agreement for the long dormant K Lofts development in downtown Little Rock have reached our ears. A new loan from an Alabama lender was supposed to close last week, by March...
View ArticleKathy Deck To Leave Arkansas for Alabama-Tuscaloosa
Economist Kathy Deck is leaving the University of Arkansas at Fayetteville to become the director of community and economic research partnerships at the University of Alabama at Tuscaloosa. Deck, 41,...
View ArticleBank of the Ozarks CEO's Pay Up 5 Percent in 2016
George Gleason, 63, chairman and chief executive officer of Little Rock's Bank of the Ozarks Inc., received total compensation of $6.2 million during 2016. While Gleason was the highest paid executive...
View ArticleNominate by Friday for Arkansas Business 40 Under 40
For the 24rd consecutive year, Arkansas Business is seeking nominations for its 40 Under 40 program, which recognizes 40 professionals under the age of 40 who excel in their profession and are leaving...
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