State Unemployment Rate Ticks Up to 2.7%
It's the first increase since October. Meanwhile, Arkansas’ labor force participation rate was unchanged.
View ArticleFed Keeps Rates Unchanged but Signals Likelihood of Another Hike This Year to...
The more measured approach to rate increases the Fed is now taking reflects an awareness among the officials that the risks to the economy of raising rates too high is growing.
View ArticleAverage Long-Term US Mortgage Rate Edges Up to 7.19%
The average rate on the benchmark 30-year home loan rose to 7.19% from 7.18% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.29%.
View ArticleBiden Aims to Scrub Medical Debt From Credit Scores, Which Could Up Ratings...
The agency said in a statement that including medical debt in credit scores is problematic because "mistakes and inaccuracies in medical billing are common."
View ArticleArvest Opportunity Fund Helps 181 Businesses in First Year
The program offers loans, lines of credit and lending-related financial education to small business customers that fall just below existing bank credit requirements.
View ArticleAlana Girard Named COO of Generations Bank
Girard was previously the bank's director of operations. She has nearly 25 years of experience in the industry.
View ArticleBank OZK's Landfill Legal Battle Raises Questions About Taxpayer Bailouts
Bank OZK of Little Rock is involved in a court battle over a landfill purchase that has generated opposing circuit court rulings and raised questions about whether Arkansas taxpayers can be required to...
View Article‘Show-Me’ Trio Buys Stone Bank
The Combs family of Missouri doubled the size of its bank holdings with the purchase of Stone Bank.
View ArticleThe Resurgence of High-Yield CDs
Looking for a sign of the times? Look no further than your local bank marquee.
View ArticleHillcrest Apartments Register $1.4M Sale (Real Deals)
The eight-unit apartment building in the Hillcrest area of Little Rock was purchased by 4611 Woodlawn Properties LLC and Equity IRA LLC.
View ArticleFirst Service Bank CEO Tom Grumbles on the Challenges Facing Bankers
As CEO, Grumbles has led the bank’s expansion into central Arkansas, beginning in 1999 with branches in Greenbrier and Clinton.
View Article3 Hired at Sowell Management of Little Rock (Movers & Shakers)
Kendraya Dewberry, Jason Lester and Campbell Woods will join Sowell Management
View ArticleJob Candidates Seek Commitment to Ethics (Barry Goldberg on Leadership)
Looking at the business press for the last few quarters, it seems that the most unpredictable (and therefore likely most dangerous) new threat to businesses will continue to be finding and keeping top...
View ArticleWhy the US Job Market has Defied Rising Interest Rates and Expectations of...
The idea that defeating high inflation would require sharply higher unemployment is based on a long-time economic model that may prove ill-suited for the post-pandemic episode.
View ArticleCEO Confidence Survey: Arkansas Execs Navigate Inflation and Labor Challenges...
A recent poll of 541 of the state's chief executives revealed a mix of confidence and apprehension as they assessed the current business climate and looked ahead to future conditions.
View ArticleUS Consumer Confidence Tumbles in September
Most troubling was the decline in the index measuring future expectations, which tumbled to 73.7 in September from 83.3 in August. Readings below 80 for future expectations historically signal a...
View ArticleSimmons Breaks Ground on New Jonesboro Branch
The financial center is one the first prototypes for Simmons Bank, and it will be used to remodel existing branches and build new financial centers across the bank's six-state footprint.
View ArticleArkansas Bank Deposit Growth Slows to 1.5%
It's the slowest growth since 2014, bringing total deposits to slightly more than $97 billion as of June 30.
View ArticleUS Economy Grew at 2.1% Rate Last Quarter, Unchanged From Previous Projection
The second-quarter expansion of the nation's gross domestic product — its total output of goods and services — marked a modest deceleration from the economy's 2.2% annual growth from January through...
View ArticleAverage US Mortgage Rate Reaches 7.31%, Highest in Nearly 23 Years
This is the third consecutive week that mortgage rates have moved higher. The weekly average rate on a 30-year mortgage has remained above 7% since mid August and is now at the highest level since...
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