Stone Bank Promotes Cara Lank, Latrecia Branch
Cara Lank, senior vice president and credit officer at Stone Bank, has been promoted to chief credit officer, and Latrecia Branch has been promoted to senior vice president and operations manager.
View ArticleMichael Hoggard Moves Up at Citizens Bank (Movers & Shakers)
Michael Hoggard has been promoted to vice president-controller and information security officer of Citizens Bank in Batesville. Sandy Starnes has also been promoted, to director of marketing.
View ArticleTelcoe's Sarah Mosley Gives Cooperatives Credit Where Due
Sarah Mosley, the president and CEO of Telcoe Federal Credit Union in Little Rock, says credit unions’ focus is on the local community.
View ArticleFirst Financial Expands Its Capital
El Dorado’s First Financial Banc Corp. recently launched a $25 million capital raise, an 18.5% boost to its current equity capital of $134.6 million.
View ArticleChambers' River Town Transaction Tops $17M
The $17 million cash deal for the parent company of Dardanelle’s River Town Bank is expected to close by the end of July.
View ArticleRiver Pointe Apartments Attracts $40M Transaction (Real Deals)
An affiliate of Hamilton Point Investments purchased the 384-unit apartment project in North Little Rock from Riverpointe Development LLC, led by Keith Richardson.
View ArticleNumber of Community Banks Drops Sharply
The number of banks in the United States fell by almost 50% during the last 20 years, from about 10,700 in 1997 to about 5,600 in 2017, with the vast majority of the decline, 97%, accounted for by...
View ArticleOverdraft Fees Provide Steady Cash Stream
Protecting customers from overdrafts, a standard service provided by most banks and credit unions, can also be a lucrative revenue stream.
View ArticleSignature Move Takes Stock Public
Six months ago, White River Bancshares entered the realm of publicly traded companies with little fanfare. The corporate transition of the parent company of Fayetteville’s Signature Bank of Arkansas...
View ArticleSimmons Bank Names Alejandro Carriles Chief Digital Officer
Simmons Bank names Alejandro "Alex" Carriles executive vice president and chief digital officer.
View ArticleHome BancShares' 2Q Net Income Falls 5%
Home BancShares Inc. of Conway reports second-quarter net income of $72.2 million, up about 5 percent from $76.0 million in the same quarter last year.
View ArticleABC Financial Names Bill Davis CEO, Announces New Leadership Team
Health and fitness technology services provider ABC Financial Services LLC announced Thursday a series of leadership appointments, including naming President Bill Davis its CEO.
View ArticleArkansas Unemployment Drops to 3.5%, A New Record Low
Arkansas' unemployment rate dropped by one-tenth of a percentage point in June, to 3.5% from 3.6% in May.
View ArticleFuture KATV Studio Buy Tunes In at $4.3M (Real Deals)
KATV LLC, an affiliate of Sinclair Broadcast Group Inc. of Cockeysville, Maryland, purchased the 2-acre 10 Turtle Creek Lane development and an adjoining undeveloped 1.81-acre parcel.
View ArticleArkansas to Get $2.5M in Equifax Breach Settlement
Arkansas is receiving $2.5 million as part of a settlement with the credit reporting agency Equifax over a 2017 data breach that exposed the Social Security numbers and other private information of...
View ArticleSimmons Improves Earnings Despite Acquisition Expense
The Pine Bluff banking holding company earned $55.6 million in the second quarter, a 3.8% improvement over the same quarter in 2018 despite nearly $10 million in one-time expenses.
View ArticleUS New Home Sales Rise 7% in June After 2 Months of Decline
U.S. new home sales rose at a modest pace in June but remained below sales levels earlier this year, suggesting low mortgage rates and a healthy job market aren't encouraging many more purchases.
View ArticleRecent Real Estate Deals Total $1.5M
H.E. Austin Jr. and Wrenetta Austin of Little Rock bought the 8,270-SF Austin Brothers Tire Service at 2801 Cantrell Road in Little Rock for $750,000.
View ArticleUS Economy Dodges the Threat of Painful Spending Cuts
The budget agreement that congressional leaders and President Donald Trump forged late Monday lifted a big potential drag on the U.S. economy for this year and next.
View ArticleHome Sales Fall 1.7% with Prices High and Supply Low
U.S. home sales tumbled 1.7% in June, with rising prices and a scarce supply locking out many Americans from ownership.
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