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3 Arkansas Banks Surpassing $1B in Assets

Organic growth, new branches and acquisitions are pushing Signature Bank, First Arkansas Bank & Trust and Anstaff Bank beyond $1 billion in assets.

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State Law Taking Effect in August Protects Mining Operations

A state law to prohibit “discrimination” against cryptocurrency mining operations passed during this year’s legislative session and will take effect on Aug. 1.

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Data Mines and the Loud Buzz of Money

Crypto mines, made up of hundreds or thousands of servers, are often cooled by noisy fans, and local governments are objecting.

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Faulkner County Citizens Speak Out About Crypto-Mining Noise

Neighbors of the cryptocurrency mine in Bono have complaints about the constant noise coming from the Newrays facility.

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U.S. House Committee Works Toward Clarifying Crypto

Rep. French Hill says delaying regulation risks growth and innovation

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Arvest, Signature Bank Adopting New Tech

Brick-and-mortar banks aren’t going away, but online resources, digital platforms and mobile connections are the future of banking, Arkansas bank professionals said last week.

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Unintended Consequences (Editorial)

Many uncertainties surround crypto mining and Act 851 hamstrings local governments.

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Family-Owned Peoples Bank Keeps Legacy Alive

Mary Fowler is CEO of Peoples Bank of Magnolia, which had 88 employees and $239.3 million in assets as of Dec. 31.

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Chris Treat Named President of Citizens Bank's Trust Division (Movers & Shakers)

He is responsible for the division’s growth profitability, business retention and development.

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Arkansas Employment Data Called ‘Remarkable’

In the past four months, the number unemployed has fallen by 9,509.

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State Ends Fiscal 2023 With $1.2B Surplus

The fiscal year ended above forecast in all major categories of collections and above fiscal 2022 levels in sales tax collections.

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Federal Reserve Minutes: Some Officials Wanted to Raise Interest Rates Last...

They signaled that they might raise rates twice more this year, beginning as soon as this month.

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Average Long-Term US Mortgage Rate Climbs to 6.81% This Week

It's the second consecutive week of higher rates, lifting the average rate to its highest level since it surged to 7.08% in early November.

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FAB&T Seeks $5.7M Judgment Against Wright's Cabinets

The Jacksonville bank filed a lawsuit in May against Wright’s Cabinets and its related company RDH Cabinets LLC, seeking a judgment of $5.7 million for allegedly defaulting on loans.

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AEDC Director Clint O'Neal on Workforce Development & Entrepreneurship

O’Neal became the AEDC executive director in January.

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FNBC Hires Graycen Bigger as Assistant VP, Strategic Partnerships (Movers &...

She will forge community connections, enhance FNBC’s presence in the community, foster strategic partnerships and promote financial education.

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Q1 Personal Income Rises 3.2% in Arkansas

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Simmons Bank Restructures Banking Division

In a statement, President and CFO Jay Brogdon said the changes will position Simmons for growth by emphasizing its community and retail franchise.

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Bank of America Hit With $250M in Fines and Refunds for 'Double-Dipping' Fees

It is one of the highest financial penalties in years against Bank of America, which has largely spent the last 15 years trying to clean up its reputation and market itself to the public as a bank...

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Governor Reappoints Susannah Marshall as State Bank Commissioner

As bank commissioner, she's responsible for the regulation, supervision and examination of Arkansas' 73 state-chartered banks, which have total assets of more than $153 billion.

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