William Wilder Moves Up at Citizens Bank
He was promoted to executive vice president and commercial loan officer in the bank's central Arkansas market.
View ArticleMonty Harrington Reappointed to SAU Board
Harrington's first term began in 2018. He served as board chair for the previous two years.
View ArticleSoFi Bank Sues to Block Biden's Student Loan Payment Pause
The bank says its federal student loan refinancing business has suffered because borrowers have little incentive to refinance while payments and interest remain on hold.
View ArticleBusiness Backlash Pushing GOP to Weaken Anti-ESG Proposals
Public pension funds are caught in the debate as big institutional investors.
View ArticleAverage US Mortgage Rate Up for Fifth Straight Week to 6.73%
Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate climbed to 6.73% from 6.65% last week. The average rate a year ago was 3.85%.
View ArticleVisa, Mastercard Pause Decision to Track Gun Shop Purchases
There had been hope that categorizing credit and debit card purchases would allow authorities to potentially see red flags — like significant ammunition purchases — before a mass shooting could happen.
View ArticleBanks Feel Sting of Fed Fight Against Inflation
As the Fed raises its benchmark interest rate, the value of bonds, typically a stable asset, are starting to fall.
View ArticleTeslar Builds on Pandemic Success
The fintech company, which helped simplify the PPP loan forgiveness process during the pandemic, has its sights on new projects.
View ArticleShifting Job Trends in Central Arkansas Economy
The biggest changes were in the wholesale trade and especially the transportation-warehouse-utility sectors.
View ArticleCentennial Bank Sues Former Happy State Bank Employees
The $22.8 billion-asset lender sued 17 ex-Happy employees who left last year and allegedly took confidential information on their way out the door to join American State Bank of Arp, Texas.
View ArticleVenture Center's Arthur Orduña Hopes to Make Arkansas a Leader in...
Orduña became executive director of The Venture Center, a nonprofit entrepreneurial support organization, in January.
View ArticleMark Bingman Awarded CoStar’s Power Broker Quarterly Deals Award (Movers &...
Bingman is the vice president of commercial sales and a commercial sales broker at RPM Group of Little Rock.
View ArticleBiden Tells US to Have Confidence in Banks After 2 Collapse
President Joe Biden insists that the nation’s banking system is safe, seeking to project calm after the collapse of two banks stirred fears of a broader upheaval.
View ArticleUS Inflation Eases But Stays High, Putting Fed in Tough Spot
U.S. consumer price increases eased slightly from January to February but still pointed to an elevated inflation rate that is posing a challenge for the Federal Reserve at a delicate moment for the...
View ArticleMcLarty, Murphy Honored at Arkansas Business of the Year Awards
Bruce Murphy, CEO of Arkansas Heart Hospital of Little Rock, won the Business Executive of the Year Award, and Thomas F. "Mack" McLarty was honored for a lifetime of leadership in business and...
View ArticleFed Criticized for Missing Red Flags Before Bank Collapse
Now the consequences of the fall of Silicon Valley Bank, along with New York-based Signature Bank, which failed over the weekend, are complicating the Fed's upcoming decisions about how high to raise...
View ArticleBank Runs Used to be Slow. The Digital Era Sped Them Up
Regulators, policymakers and bankers are looking at the role that digital messaging and social media may have played in the collapse, and whether banks are entering an age when the psychological...
View ArticleRelyance Bank Sells Former WLR Branch for $1.7M
Collier International Arkansas, which represented the seller, said the new owners plan to redevelop the property for a new use.
View ArticleSkyline Report: Home Sales Down in Northwest Arkansas
The report also says that home construction slowed in the second half of 2022.
View ArticleAverage Long-Term US Mortgage Rates Come Back Down to 6.6%
Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate slid back to 6.60% from 6.73% last week. The average rate a year ago was 4.16%.
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