US Housing Starts Tumbled 12.3 Percent in June
U.S. homebuilders sharply curtailed the pace of construction in June as housing starts plummeted 12.3 percent.
View ArticleFIS, State Will Sponsor FinTech Accelerator for Another Year
Global financial services company FIS of Jacksonville, Florida, and Gov. Asa Hutchinson say they will sponsor the VC FinTech Accelerator for another year.
View ArticleHome BancShares' Net Income Up 52 Percent
Home BancShares Inc. of Conway reports record quarterly earnings, with net income of $76 million, up 52 percent from the same quarter last year.
View ArticleForbes Recognizes 3 Arkansas Banks as Best-in-State (Movers & Shakers)
First Security Bank of Searcy, Arvest Bank of Fayetteville and First Arkansas Bank & Trust of Jacksonville have been named as Arkansas’ Best-in-State Banks by Forbes magazine.
View ArticleTim Hicks Says Bank OZK's Branding Switch Proceeding OK
Tim Hicks, the chief administrative officer of what is now named Bank OZK explains how and why the venerable bank dropped the Ozarks from its brand.
View ArticleHampton Inn Transaction Checks In at $11.9 Million (Real Deals)
A group led by Bhavin Sharolia bought the 16-year-old, 26-room hotel at 1301 S. Shackleford Road in west Little Rock.
View ArticleArmor Bank Moves Back Into the Black
The purchase and renaming of Forrest City Bank has given Nathan Waldrip an intensive education.
View ArticleOZK, Home BancShares Launch Into Luxury Lending
Acquisition has fueled boat and recreational vehicle loan growth at the two largest banking franchises headquartered in Arkansas.
View ArticleBranch Banks’ Death Rumors Are Exaggerated
In Arkansas, the number of new bank offices appears to have popped up in the past 12 months after a decade in which the count declined by more than 10 percent.
View ArticleU.S. Banks: 2018 Return on Average Equity Almost Even With '84
During this period, return on average equity at banks in the United States reached a low of minus 5.94 percent in the second quarter of 1987. It saw a high of 16.29 percent in the first quarter of 2000.
View ArticleUS Existing-Home Sales Fell 0.6 Percent in June
U.S. sales of existing homes fell 0.6 percent in June, the third straight monthly decline, as higher prices and a limited supply of listings have sidelined many would-be buyers.
View ArticleSimmons First 2Q Net Income Up 132 Percent
Simmons First National Corp. of Pine Bluff on Monday announced record net income of $53.6 million, up 132 percent from the same quarter last year.
View ArticleNew-Home Sales Fall 5.3 Percent in June ... A Warning Light?
Sales of new U.S. homes tumbled 5.3 percent in June and the median sales price also slipped, a potentially ominous sign for the U.S. housing market.
View ArticleSimmons Bank Names EVP
Simmons Bank has named Chad Rawls executive vice president and executive director of credit and loan operations.
View ArticleAverage US Mortgage Rates Edge Up; 30-Year at 4.54 Percent
Long-term U.S. mortgage rates edged up slightly this week, reaching their highest levels since late June.
View ArticleNLR Apartments Sale Tops $3.8M Mark (Real Deals)
An Oklahoma company bought the 210-unit New Horizon Apartments at 4907 August Circle and the eight-unit New Haven Apartments at 1815 Broken Arrow Drive.
View ArticleCalhoun County Tops List of Smallest Bank Markets in Arkansas
Community State Bank retains its title as the smallest bank in Arkansas, but its Lafayette County market is not the smallest.
View ArticleCommunity State Bank Awaits Bankruptcy Clarity
More than a year has passed since an investment group led by Jeff Hobbs took on the role of would-be buyer of Community State Bank in Bradley.
View ArticleFormer Insurance Agent Berry Bishop Acknowledges Fraud
Berry Bishop, the failed insurance agent, under oath in bankruptcy proceedings, has described some of his borrowings from the Bank of Prescott over the past three or four years as loan fraud.
View ArticleUS Pending Home Sales Rose 0.9 Percent in June
More Americans signed contracts to purchase homes in June compared to May, but the volume of pending sales has slipped over the past year.
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