Major Changes Coming to How Your Credit Score is Calculated
NEW YORK — The math behind your credit score is getting an overhaul, with changes big enough that they might alter the behavior of both cautious spenders as well as riskier borrowers. Most notably for...
View ArticleSimmons First 1Q Net Income Down 6 Percent
Simmons First National Corp. of Pine Bluff on Wednesday reported first-quarter net income of $22.1 million, down 6 percent from the same quarter last year. The company (Nasdaq: SFNC), which announced...
View ArticleAs Mergers Continue, Home BancShares Sees 1Q Profit Rise
Home BancShares Inc. of Conway on Thursday reported first-quarter profit of $46.9 million, up 13 percent from the same quarter last year, as the company closed two acquisitions and announced a third...
View ArticleBear State 1Q Profit Up 48 Percent
Bear State Financial Inc. of Little Rock reported Thursday first-quarter earnings of $4.9 million, up 48 percent from the same quarter last year. The company (Nasdaq: BSF) said diluted earnings per...
View ArticleUS Home Sales Shoot Up to 10-Year High
WASHINGTON — Americans purchased homes in March at the fastest pace in over a decade, a strong start to the traditional spring buying season. Sales of existing homes climbed 4.4 percent last month to a...
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The High Cost of Bad Moods (Barry Goldberg On Leadership)
Research in behavioral science is showing that there is a trend toward higher irritability in the workplace — especially in the United States — and it has been more pronounced over the last 24 months....
View ArticleAcxiom Building Hosts $25 Million Transaction (Real Deals)
A 188,460-SF office building in downtown Little Rock weighed in at $25 million. Acxiom Corp. sold its 12-story headquarters and supporting five-story parking deck at 601 E. Third St. to Simmons Bank of...
View ArticleToday's Bank Expands Footprint with Van Buren Branch
Today’s Bank of Huntsville is adding a 10th branch to its network with a Van Buren location. The $181 million-asset lender is setting up shop in a former bank branch at 615 E. Pointer Trail previously...
View ArticleU.S. Judge Dismisses Stone Bank Fraud Case
A fraud conspiracy complaint filed in federal court by the former chairman and one-time largest shareholder of Stone Bank has been dismissed. James Barnes, who sought more than $4 million in damages,...
View ArticleEven in Bankruptcy, College Debt Stands
Alice Wallace wasn’t your typical college student. The North Little Rock woman attended Pulaski Technical College when she was in her late 50s, after she was laid off from her job at the Arkansas...
View ArticleLawsuit a Low Note for Arvest Notary
An Oklahoma man who said his name was forged on a loan document is going after the notary who allegedly signed off on the paperwork. Will Grote of Bennington, Oklahoma, said someone forged his...
View ArticleThe Student Debt Bubble (Editorial)
We at Arkansas Business have warned for a couple of years now that the student debt crisis is a bubble in the making with the potential to burst as powerfully and dangerously as the housing bubble....
View ArticleBrandon Woodrome Sentenced to 41 Months in Prison
A federal court judge on Tuesday sentenced former Fort Smith construction company owner Brandon Woodrome to 41 months in prison and three years of supervise released for bank and wire fraud. Woodrome,...
View ArticleLittle Rock Prosecutors Indict 8 More Floridians in IRS Scam
Seven Cuban nationals living in south Florida were arrested Tuesday after a grand jury in Little Rock indicted them and three others on charges of running a nationwide scheme to steal $8.8 million from...
View ArticleSPONSORED: Six Steps to Simplify the Tax Code
As the owner of a CPA practice, I’m always interested in the daily detail and take the time to communicate with my staff from the ground up on ways to improve our tax practice and service to our...
View ArticleFewer People Signed Contracts to Buy US Homes in March
WASHINGTON — Fewer consumers signed contracts to buy U.S. homes last month as the spring buying season revs up with stiff competition for homes amid lagging inventory. The National Association of...
View ArticleSkip Colvin Slotted as Community President for Arvest (Movers & Shakers)
Richard W. “Skip” Colvin has joined Arvest Bank as community bank president for Conway and Morrilton. As community bank president, Colvin is charged with formulating a hierarchy of objectives and...
View ArticleChenal Commercial Attracts $4M Sale (Real Deals)
A retail building in west Little Rock tipped the scales at $4.01 million. Beefam LLC and Bonerts MV LLC of Santa Ana, California, acquired the 7,457-SF project at 17701 Chenal Parkway, home to Pei Wei...
View ArticlePACE Financing Under Fire From Tom Cotton
Pulaski County Judge Barry Hyde calls PACE financing a home run, something that makes “a lot of sense to a lot of people.” U.S. Sen. Tom Cotton calls PACE a scam to “trick seniors into taking out...
View ArticleSimmons Drops Banquet; Home BancShares Adds Board Members
Wal-Mart Stores Inc. will have its blowout shareholders’ meeting on June 2 in Fayetteville at the University of Arkansas’ Bud Walton Arena, as usual. On April 20, Home BancShares Inc. had its usual...
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