Newly-Launched Arvest Opportunity Fund Provides Loans to Small Businesses
Since May 2022, the fund has provided loans and lines of credit to businesses that fall just short of Arvest Bank’s business loan requirements.
View ArticleBank OZK Spends Less to Make a Dollar
“Most banks with a good efficiency ratio focus relentlessly on controlling costs,” said George Gleason, chairman and CEO of the $27.6 billion-asset lender. “We take a different approach.
View ArticleIt’s Not Bragging If It’s True (Lance Turner Editor's Note)
It’s past time central Arkansas crafted a singular vision for itself to grow its economy.
View ArticleManaging Deposit Risk (Susie Smith Commentary)
Now’s the time to review your personal and business bank accounts and structure them to minimize risk.
View ArticleWarnings on Crypto Risk Prove Timely (Robert T. Smith Commentary)
The clear message from regulators: The relatively young crypto sector carries substantial risk.
View ArticleTodd Smith on South Arkansas Banking
Todd Smith has been president and COO of both Commercial Bank & Trust Co. of Monticello and First State Bank of Warren since April 2022.
View ArticleNatasha Henderson Named Director of System Planning at Southwest Power Pool...
Henderson has 17 years of electric utility experience and will direct the development of SPP’s transmission expansion plan to address future needs.
View Article‘Plan of Revenge’: Centennial Bank Lawsuit Says Acquisition Chafed Texas Staff
The Conway-based lender has gone to federal court seeking compensation for pillaged assets in the wake of an out-of-state acquisition.
View ArticleAverage Mortgage Rate Dips Again as Spring Season Opens
Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate dipped to 6.28% from 6.32% the previous week. The average rate last year at this time was 4.72%.
View ArticleIRS Pledges More Audits of Wealthy, Better Customer Service
Some improvements have been long expected, such as bringing more paper-based systems online and answering taxpayers' phone calls promptly. Others are more ambitious: continuing to explore ways to...
View ArticleHenderson State Back From the Brink After Joining ASU System
Henderson State University in Arkadelphia declared financial exigency in March 2022, one of the most drastic options open to colleges in deep budget trouble.
View ArticleBankLabs Sale Worth More Than $65M
BankLabs’ marketing director, David Pinedo, still couldn’t disclose exact details but said it was “easily ranking in the top 10 deals in Arkansas in 2022.”
View ArticleJeremy Hutchinson Bankruptcy Case Dismissed
Hutchinson filed for bankruptcy on Dec. 30 and listed less than $50,000 in assets and between $100,000 and $500,000 in debt.
View ArticleDeveloping ‘Job Creators’ (Editorial)
The Arvest Opportunity Fund and Arkitchen are giving would-be entrepreneurs an opportunity to become “job creators.”
View ArticleA Robust Future for Arkansas and Higher Ed’s Role (Michael D. Williams...
As the knowledge economy grows, so will the income disparity between high school and college grads.
View ArticleBank OZK Hires Andrea Chomakos as Chief Fiduciary Officer (Movers & Shakers)
Chomakos has 20 years of experience.
View ArticleArkansas Business Announces 2023 40 Under 40 Honorees
They are the state's rising leaders — people you need to know when doing business in Arkansas.
View ArticleSouth by Southwest is Different With a Baby (Elizabeth Michael Commentary)
Notably absent from this year's festival in Austin were many of the larger social media companies, which usually speak on panels and host brand activations.
View ArticlePort Warehouse Sale Docks at $8.1 Million (Real Deals)
The 84,524-SF warehouse in the Little Rock Port Industrial Park tipped the scales at $8.1 million.
View ArticleSmall Business Owners Feel the Credit Crunch
Approval rates of small business loan requests at big banks have fallen for nine consecutive months.
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