AFCU Breaks Ground on New Rogers Location
The full-service branch will be its second location in the city.
View ArticleTroy Blackston Joins Today's Bank as Chief Lending Officer
He joins the community lender from First Western Bank of Boonevillle, where he worked for more than a decade as a senior vice president and chief credit officer and managed a loan portfolio totaling...
View ArticleAverage Long-Term US Mortgage Rate Edged Higher to 6.39% This Week
Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan rose to 6.39% from 6.35% last week. The average rate a year ago was 5.25%.
View ArticleHike Again? Take a Pause? Fed Officials Are Split About What to do Next to...
Many Fed watchers have expected the central bank's officials to forgo another increase in their benchmark rate when they next meet in mid-June. Yet recent warnings from several of the officials about...
View ArticleMelissa Powell Joins Armor Bank as Director of Marketing and HR
She was previously the marketing and communications director at Farm Credit Midsouth of Jonesboro, a regional agricultural and rural lending business.
View ArticleDebt Ceiling Negotiators Pushing for Weekend Deal, but Much Work Remains
All sides are racing devise a budget-cutting deal that Democrats and Republicans can live with, the price to be paid as McCarthy's newly empowered House Republicans try to extract steep spending...
View Article3 Arkansas Banks Start 2023 With Varied Profitability
The banking trio that recorded year-end losses produced mixed results during the first quarter of 2023.
View ArticleAscentium Capital Hit With $600K Default Judgment
Arkansas Court of Appeals recently denied Ascentium's request to throw out the judgment against it.
View ArticleFear of Being Left Behind (Barry Goldberg On Leadership)
Fear of being left behind is understandable, but it creates business risk. Embrace change.
View ArticleAlan Price Promoted to Community President at FNBC of Batesville (Movers &...
He will oversee the bank’s charter market in Sharp County, which includes Ash Flat, Cherokee Village, Highland and Hardy.
View ArticleSurvey of Economists: Inflation Will Stay High This Year, and so Will Fed's...
The business economists expect the U.S. economy to grow a mediocre 1.2% this year, though that would be higher than the 0.8% growth they predicted in the NABE's February survey.
View ArticleNWA Tech Summit Organizes AI Event for June
The June 1 conference in Bentonville will feature speakers from various tech sectors to discuss artificial intelligence, security and privacy.
View ArticleVenmo to be Officially Available for Teens, Although Many Use It Already
Company executives in March estimated that a Venmo account for teenagers could create 25 million potential new customers.
View ArticleElise Hunter Moves Up at Armor Bank
Hunter has nearly three decades of experience in banking, and has spent about half that time with Amor Bank.
View ArticlePowell Hints at Pause in Rate Hikes When Fed Meets Next Month
Speaking at a Fed conference in Washington, Powell said the central bank's benchmark rate, which affects many consumer and business loans, is now high enough to restrain borrowing, spending and...
View ArticleUS Economic Growth for Last Quarter is Revised Up to a Still-Tepid 1.3%
The government had previously estimated that the economy grew at a 1.1% annual rate last quarter.
View ArticleAverage Long-Term US Mortgage Rate Rises to 6.57% This Week, Highest Level...
Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan rose to 6.57% from 6.39% last week. The average rate a year ago was 5.10%.
View ArticleA June Pause in Rate Hikes Would be a Close Call for Fed Officials, Minutes...
Yet those supporting a pause may have the upper hand. Chair Jerome Powell and the officials closest to him have signaled in speeches over the past week that they're likely to support a pause in rate...
View ArticleReceiver Appointed to Manage Arkadelphia Shopping Center
The owner of the shopping allegedly is in default on a $2.4 million loan.
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