US Pending Home Sales Fell Again in April
WASHINGTON — Americans retreated from signing contracts to buy homes in April for the second straight month, a possible sign that a declining number of homes on the market are stifling sales during the...
View ArticleHome BancShares Added to S&P MidCap 400
Home BancShares Inc. of Conway, parent company of Centennial Bank, announced Wednesday that it will be added to the S&P MidCap 400 and removed from the S&P SmallCap 600 before the market opens...
View ArticleArkansas Business Presents the 40 Under 40 Class of 2017
This week’s Arkansas Business is dedicated to our 24th class of 40 Under 40 honorees, young leaders of business, government and nonprofits selected by an internal committee from a field of about 400...
View ArticleFocus Bank's Jerry Morgan on Keeping Commodities in the Community
Jerry Morgan, 47, joined Focus Bank of Charleston, Missouri, in 2013 as its community bank president for its three branches in the Jonesboro market. Focus Bank has 12 locations in Missouri and Arkansas...
View ArticleMaumelle Townhomes Ring Up $4.4M Sale (Real Deals)
A 72-unit townhome project in Maumelle tipped the scales at $4.4 million. AHBI Windsor Park LLC, led by James Kincannon, purchased its namesake property at 2 Windsor Drive. The seller is Windsor Park...
View ArticleMorgan, Preston Give Advice, Share Perspectives at Economic Future Forum
Mike Preston, the executive director of the Arkansas Economic Development Commission, and Charles Morgan, a longtime leader of the Arkansas technology industry, were the keynote speakers for the final...
View ArticleUS Household Wealth Ticks Up 1.4 Percent to $94.8T
WASHINGTON — Buoyed by higher stock prices, Americans' household net worth rose 1.4 percent to $94.8 trillion in the first three months of this year, a trend that could support future spending. The...
View ArticleAverage US 30-Year Mortgage Rate Falls to 3.89 Percent
WASHINGTON — Long-term U.S. mortgage rates fell this week, as the benchmark 30-year rate declined for the fourth straight week to its lowest level in nearly seven months. Mortgage buyer Freddie Mac...
View ArticleHow GOP Bill Would Dismantle Many Dodd-Frank Restrictions
WASHINGTON — Emboldened by a business-friendly president, Republicans in Congress have set a goal that is nothing if not ambitious: To undo the stricter banking rules that took effect after the...
View ArticleU.S. House Votes to Roll Back Dodd-Frank Financial Rules
WASHINGTON — The Republican-led House has moved closer to fulfilling President Donald Trump's goal of doing "a big number" on Dodd-Frank, the landmark banking law created after the 2008 economic crisis...
View ArticleCIBC Act Compliance Challenges (Robert T. Smith Expert Advice)
The federal Change in Bank Control Act may be the most often overlooked — and one of the most often violated — of all banking regulations. Inadvertent violations have grown more common given the...
View ArticleSimmons First Increases Quarterly Dividend by 4.2 Percent
The Simmons First National Corp. board of directors on Thursday declared a regular $0.25 per share quarterly cash dividend payable July 3, to shareholders of record June 15. This dividend represents a...
View ArticleGoldens' Meltdown Was Years In Making
Nearly seven years ago, Lex Golden began leveraging up with debt in hopes of riding out a financial storm of his own making. Instead of saving Allied Bank from the ruinous meltdown of a radio-active...
View ArticleCarney Bates Finds Niche in Data Security
Trying to protect your privacy by restricting your internet use is like trying "to opt out of fire," said Hank Bates, a partner in the Little Rock law firm Carney Bates & Pulliam. The internet as a...
View Article$2.1M Sale Visits M.M. Cohn Building (Real Deals)
Ownership of a 62,688-SF building in downtown Little Rock shifted in a transaction valued at $2.13 million. Deep Creek LR LLC, led by Victor Pereboom of Prescott, Arizona, bought the M.M. Cohn Building...
View ArticleRex Nelson, Who's Done it All, Is Back as a Face of the D-G
He's been a spokesman for Simmons Bank and the voice of the Ouachita Baptist Tigers. He wrote the first full-length biography of Hillary Clinton and practically wrote the book on Southern barbecue. He...
View ArticleCIBC Act Compliance Challenges (Robert T. Smith Expert Advice)
The federal Change in Bank Control Act may be the most often overlooked — and one of the most often violated — of all banking regulations. Inadvertent violations have grown more common given the...
View ArticleShabdue Joins Cline Construction Group (Movers & Shakers)
Jennifer Shabdue has been promoted to assistant project manager at Cline Construction Group in North Little Rock. She was previously a project coordinator. Education Abdel Bachri has been named interim...
View ArticleMore 'CHOICE' for Community Banks, Farmers and Consumers in Arkansas (U.S....
Community banks were not the cause of the 2008 housing and economic crisis. However, due to the regulatory creation of Dodd-Frank — Washington's response to the crisis — small community financial...
View ArticleNorthwest Arkansas Council Names Nelson Peacock CEO
The Northwest Arkansas Council named Nelson Peacock as its CEO on Tuesday. Peacock, 47, has met with staff members at the council, a private nonprofit, and will take office in July. Peacock replaces...
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