Former CEOs of Failed Banks to Testify Before Senate Panel
The Senate Banking Committee indicated Tuesday that it will hold a hearing May 16 with Silicon Valley Bank's former CEO, Gregory Becker, as well as Signature Bank's former chairman and co-founder,...
View ArticleRegional Bank Shares Sink in Sign Crisis Not Yet Over
Shares of smaller regional lender PacWest Bank plunged nearly 50% Thursday after the company confirmed reports that it was considering "strategic options," that may include the possible sale of the...
View ArticleFed Raises Key Rate But Hints it May Pause Amid Bank Turmoil
Having raised their key short-term rate by a substantial 5 percentage points since March 2022, Fed officials may step back and assess the impact of higher rates on growth and inflation.
View ArticleSimmons Opens New Memphis Branch
The branch follows the opening of a 22,000-SF regional corporate office and financial center in Memphis in December.
View ArticleScenic Hill Solar Lands $100M Project for UA System
Scenic Hill Solar of Little Rock will create the state’s largest commercial solar project for the University of Arkansas System.
View ArticleTransformation Is in the Air (Editorial)
Lyon College’s new dental and veterinary schools could transform downtown Little Rock.
View ArticleBanking & Entrepreneurship: Now’s the Time (Daniel Schutte Commentary)
Now is the time to create a brighter future for the financial services industry, a future in which predictable innovation is embraced.
View ArticleThe Peacock Group Hires Amanda Hoelzeman as PR Manager (Movers & Shakers)
Hoelzeman has nearly 20 years of experience in media relations, nonprofit communications, multimedia content strategies and crisis communications.
View ArticleArmor Bank Hires Andrew Brink for NWA Expansion
The $398-million asset lender plans to open a full-service branch this fall in Rogers.
View ArticleEncore Bank Opens Branch in Winston-Salem
The $3.9 billion-asset lender now operates in 20 markets across eight states.
View ArticleCrews & Associates Opens Office in Midtown Manhattan
The brokerage firm said the expansion to New York City will enable it to widen its customer reach, as well as "draw from the talent pool of fixed income professionals based in the financial capital of...
View ArticleUS Prices Stay High, Showing Inflation Pressures Persist
Prices increased 0.4% from March to April, the government said Wednesday, up sharply from a 0.1% rise from February to March. Compared with a year earlier, prices climbed 4.9%, down slightly from...
View ArticleAverage Long-Term US Mortgage Rate Falls to 6.35%
Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan inched down to 6.35% from 6.39% last week. The average rate a year ago was 5.30%.
View ArticleUS Wholesale Price Data for April Points to Easing Inflation Pressures
From March to April, the government's producer price index rose just 0.2% after falling 0.4% from February to March, held down by falling prices for food, transportation and warehousing.
View ArticleEx-Happy State Bank Staffers Fire Back at Centennial’s Claims
Their March 3 complaint in Lubbock federal court alludes to damning forensic information that Centennial says documents their alleged theft of confidential material as they left Happy to join a...
View ArticleSterling Bank Expands to Little Rock
Sterling Bank of Poplar Bluff, Missouri, bought a 2.6-acre site at the southwest corner of Rahling and Kirk roads for more than $1.8 million.
View ArticleShort Meetings That Motivate and Drive Profit (Sabrina Starling Commentary)
These meeting practices will create lasting excitement and enthusiasm among your teams.
View ArticleLakewood House Sells in $12M Transaction (Real Deals)
The tallest building in North Little Rock was purchased by Lakewood House APT CB LLC of Lakewood, New Jersey.
View ArticleKyle Davidson Joins FNBC as Community President, Mountain Home (Movers &...
Davidson will take charge of the bank’s two branches there.
View ArticleExecs From Failed Banks Questioned on CEO Pay, Risk Management at Senate Hearing
Executives at Silicon Valley Bank, Signature Bank and First Republic Bank were paid millions of dollars over their tenures up until their banks failed, the bulk of the compensation coming in the form...
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