Arkansas Among 21 States Suing to Block Overtime Pay Expansion
LAS VEGAS - A coalition of 21 states sued the U.S. Department of Labor Tuesday over a new rule that would make about 4 million higher-earning workers eligible for overtime pay, slamming the measure as...
View ArticleSkyline Report: New Construction, Occupancy Strong in Northwest Arkansas
The vacancy rate on commercial property in northwest Arkansas is 12.7 percent, up from 12.4 percent in the second half of 2015, according to the Arvest Bank's Skyline Reports for the first six months...
View ArticleFed Keeps Key Rate Unchanged But Hints of Coming Hike
WASHINGTON — The Federal Reserve is keeping its key interest rate unchanged but signaling that it will likely raise rates before year's end. The Fed said in a statement ending its latest policy meeting...
View ArticleUnited Federal Credit Union Wins Top Honor at Best Places to Work Awards
Arkansas Business and the Best Companies Group on Wednesday honored 29 Arkansas companies with "Best Places to Work" awards, which honor firms that have exceptional workplace environments. Among the...
View ArticleDeveloper Brandon Woodrome Pleads Guilty to Fraud
Brandon Woodrome, a northwest Arkansas real estate developer, has pleaded guilty to one count each of bank fraud and wire fraud, according to Kenneth Elser, the U.S. Attorney for the Western District...
View ArticleToday's Bank Named Receiver for Undercapitalized Allied Bank
Allied Bank of Mulberry was closed late Friday afternoon by state and federal regulators, and its five branches will reopen for "normal business hours" as branches of Today's Bank of Huntsville. The...
View ArticleCommunity First Bancshares Price Tag Rises to $77M In Equity Deal
The potential value of the Community First Bancshares Inc. sale has climbed to more than $77 million since the deal was announced two months ago. Shares in publicly traded Equity Bancshares Inc. of...
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Wells Fargo’s Other Victims (Gwen Moritz Editor's Note)
Last week in this space I wrote about what the egregious corporate behavior of Wells Fargo Bank does to innocent competitors in the banking industry, especially the little banks that must meet most of...
View ArticleSt. Vincent West Attracts $14.1 Million Transaction (Real Deals)
A 45,952-SF St. Vincent West medical office building in west Little Rock tipped the scales at $14.1 million. DOC-16221 St. Vincent Way MOB LLC, an affiliate of Physicians Realty Trust of Milwaukee,...
View ArticleFayetteville's Legacy Building Bought for $3.2M (NWA Real Deals)
An investment group paid $3.2 million for 13 condominiums in the Legacy Building at 401 W. Watson St. in Fayetteville. The Legacy Investors Group LLC, led by Mitchell Massey and Todd Ross, bought the...
View ArticleWalnut Ridge Three Scheduled for Sentencing on Bank Fraud
These things can sometimes change at the last minute, but at press time the Walnut Ridge Three were scheduled to be sentenced in federal court in Little Rock later this week. We refer, of course, to...
View ArticleSPONSORED: How To Prepare For The Fourth Quarter
With Arkansas Razorbacks football season finally here, many of us will be blocking out time in our Saturdays for the next few months to watch the games. It’s been a long summer of anticipation to see...
View ArticleSimmons Bank Opens Third Branch in Fayetteville
Simmons Bank of Pine Bluff has opened a third branch in Fayetteville, at 2025 Crossover Road. "We're committed to this growing region, and our newest location will offer greater accessibility and...
View ArticleUpdate: Brenda Montgomery Gets 57 Months in Prison for Lawrence County Bank...
Virginia Smith Fields repeatedly turned to glare at Brenda Montgomery as she pleaded, unsuccessfully, with U.S. District Judge Kristine Baker to reject a plea deal under which Montgomery would spend...
View ArticleBank of the Ozarks Contributes to Statewide Deposit Growth
Arkansas bank deposits grew at a 7.5 percent clip in the year that ended June 30, handily beating the national growth rate and topping $60 billion for the first time as the number of separate bank...
View ArticleThird Walnut Ridge Defendant Gets Shorter Sentence, Co-Conspirators May Benefit
Sharp-eyed lawyering resulted in a shorter prison term for the last of the defendants to be sentenced for stealing almost $4 million from First National Bank of Lawrence County, and it could bode well...
View ArticleKatie Chandler Promoted at HoganTaylor (Movers & Shakers)
Katie Chandler has been promoted to tax partner at the Little Rock office of accounting firm HoganTaylor LLP. Chandler, a certified public accountant, was previously with the Little Rock accounting...
View ArticleMarketers Don Hale, Kirby Williams Work Bankers’ Hours
El Dorado advertising executive Don Hale had a job opportunity at a bank, so he called a friend for advice. That friend was Hot Springs marketing pro Kirby Williams, who as fate had it was just...
View ArticleToday’s Bank Takes On Teetering Allied
The Allied Bank staff was still a little shell-shocked when they convened at the main office in Mulberry on Saturday, Sept. 24. The day after regulators took over the $66.3 million-asset lender,...
View ArticleMerger Talk Developing Between Pinnacle, Central Banks
Did you know a proposed merger of Pinnacle Bank of Rogers and Central Bank of Little Rock is in the works? Neither Central’s president and CEO, Wade Ruckle, nor Pinnacle’s president, David Bordovsky,...
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