US Economy Grew at Tepid 1.1 Percent Pace in Spring
WASHINGTON — The U.S. economy expanded at a sluggish pace this spring as businesses sharply reduced their stockpiles of goods and spent less on new buildings and equipment. The Commerce Department says...
View ArticleYellen Suggests Rate Hike is Coming But Offers No Timetable
WASHINGTON — Federal Reserve Chair Janet Yellen said Friday that the case for raising interest rates has strengthened in light of a solid job market and an improved outlook for the U.S. economy and...
View ArticleAllcorp Follows Acme Holding Into Bankruptcy
The Chapter 11 filing by Little Rock’s Allcorp Inc. in July marks the third Arkansas bank holding company to enter bankruptcy court in four years. Allcorp is the parent company for the smallest bank in...
View ArticleMadison Health & Rehab Draws $4M Transaction (Real Deals)
A 140-bed nursing home in south Pulaski County tipped the scales at $4.05 million. Dixon Realty LLC of Wood-Ridge, New Jersey, purchased the Madison Health & Rehabilitation project at 2821 W. Dixon...
View ArticleWal-Mart's McMillon Tops Compensation List of 100 Arkansas Public Company Execs
The top man at the world’s largest company is again the highest-paid executive in Arkansas. C. Douglas McMillon, CEO of Wal-Mart Stores Inc., has returned to the No. 1 spot on the annual list of...
View ArticleColonial Arms, Oakwood Place Apartments Sell For $5M In Fayetteville (NWA...
White Rock Investments LLC, led by Tim Brisiel of Fayetteville, paid $5 million for two apartment complexes. Brisiel bought the Colonial Arms Apartments on North Leverett Avenue. Colonial Arms has 69...
View ArticleMarion Bank Ordered To Pay Letter of Credit Related to Crittenden Regional...
An insurance company had a straightforward $300,000 commercial letter of credit from First Community Bank of Eastern Arkansas, and that’s bad news for the Marion bank with $150.8 million in assets....
View ArticleProperty, Cash Included in One Bank's Settlement with BHL
Remember the settlement between Johnelle Hunt’s BHL Financing LLC and Little Rock’s One Bank & Trust we told you about two months ago? We have more details. The outcome of that federal case is that...
View ArticleScott Reed Faces New Foreclosure Over K Lofts
Did you know the construction lender on Scott Reed’s comatose K Lofts project in downtown Little Rock recently launched a foreclosure action? IberiaBank of Lafayette, Louisiana, sued to recover more...
View ArticleSPONSORED: Looking At Leadership Through A Different Lens
Take a minute and think about this question: What characteristics do you want in people entrusted with your loved ones? How about the teacher who is responsible for shaping the mind and character of...
View ArticleUS Bank Earnings in 2Q Climbed 1.4 Percent to $43.6B
WASHINGTON — U.S. banks' earnings in the April-June period rose 1.4 percent from a year earlier as growth in lending fueled interest income. The data issued Tuesday by the Federal Deposit Insurance...
View ArticleJim Cargill Named President, CEO for Arvest Central Arkansas
Arvest Bank announced Thursday the promotion of Jim Cargill to president and CEO for the bank's central Arkansas market. Cargill currently is president and sales manager for the market, where he is...
View ArticleAcxiom Completes $22M Sale of Email Business
Acxiom Corp. of Little Rock on Thursday announced that it has completed the sale of its Impact email business to Zeta Interactive of New York City for $22 million. The publicly traded data services...
View ArticleArkansas Revenue Lagged in August, Finance Office Says
LITTLE ROCK - Arkansas finance officials say the state's revenue in August fell below expectations and below the same month last year. The Department of Finance and Administration on Friday said last...
View ArticleState Bank Department Names John Ahlen as Chief Counsel (Movers & Shakers)
John W. Ahlen IV joined the Arkansas State Bank Department as bank chief counsel Aug. 29. In his new position, Ahlen will be responsible for preparing case strategy and serving as an expert litigator...
View ArticleSlideshow: 9 Inductees Honored at Arkansas Women's Hall of Fame
Eight women and a congregation of Catholic nuns were the second class of inductees honored by the Arkansas Women’s Hall of Fame at a banquet in Little Rock on Aug. 25. The nonprofit Hall of Fame was...
View ArticleFiscal Pain Shared By Walter Quinn, Heartland Bank
Little Rock’s Heartland Bank avoided major fallout from overzealous real estate lending by operating with a different business model. More than five years down the road from the bursting real estate...
View ArticleTwo Former One Bank Execs Set for October Trial
The knottiest white-collar criminal case in recent memory should finally go to trial next month, but only half of the original defendants will face the jury. “Unless they drop the charges,” defense...
View ArticleFirst National Bank to Expand Branch in Jonesboro
First National Bank of Paragould on Tuesday announced the start of construction on an expansion to its existing branch at 3500 E. Johnson Ave. in Jonesboro. The bank said it expects the project to be...
View ArticleCitizens Bank Adds Don Hale, Tim Byers to Marketing Team
Citizens Bank of Batesville this week added two to its marketing team. Don Hale, formerly of the Diamond Agency of El Dorado, has joined the company as senior vice president of marketing. Tim Byers,...
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