Williams, Yarnell Named to Top Slots for Union Bankshares (Movers & Shakers)
Kevin Williams has been appointed president of Union Bank of Mena, and Jarrod Yarnell has been named chief executive officer of Union Bankshares, the holding company for Union Bank and First National...
View ArticleBlinds Business Sale Opens Window to Lawsuits, Bankruptcy
The $2.9 million sale of a Benton County custom blinds company has left wreckage in its wake, with the buyers filing for personal bankruptcy and the sellers suing the deal’s broker, alleging fraud.
View ArticleNumber of Smallest of the Small Banks Continues to Dwindle in Arkansas
Since 2009, continued attrition that extended to Arkansas banks of all sizes further reduced the headcount of the smallest of the small.
View ArticleSAFE Banking and Cannabis (Dan Roda Commentary)
SAFE Banking will also enable more banks to begin offering conventional loan products to cannabis operators, with a lower cost of capital than currently available from the mostly nonbank lenders...
View ArticleSmall Arkansas Banks Plow Onward in Face of Attrition
If an annual trophy was given for the Arkansas bank voted least likely to survive, Community State Bank in Bradley could very well be a multiyear winner.
View ArticleArkansas Banks Navigate Marijuana Road
Regulatory requirements, legal uncertainties blunt lending opportunities to the state's medical marijuana industry.
View ArticleWalmart Seeks Way Into Your Wallet
Walmart’s recent patent application for a cryptocurrency system hints at the Bentonville retailer’s next move into the financial services sector.
View ArticleBank OZK Packs Little Rock With New Deposits
Bank deposits in Arkansas grew by 6.5% in the 12-month period that ended June 30, outpacing the national growth rate of 4.2% and topping $70 billion for the first time, according to data released in...
View ArticleSimmons First 3Q Profit Up 48%
Simmons First National Corp. of Pine Bluff reports third-quarter earnings of $81.8 million, up 48 percent from the same quarter last year.
View ArticleNWA Tech Summit Kicks Off With Focus On 'What's Next, After Next'
The four-day Northwest Arkansas Tech Summit kicked off its first full day on Monday amid blown-out windows in the John Q. Hammons Center in Rogers and downed trees in the parking lot, evidence of the...
View ArticleAsian Businesses Association to Host U.S.-China Trade Workshop
The Arkansas Association of Asian Businesses will host a workshop on the U.S.-China trade dispute and its effect on the Arkansas economy on Nov. 7 in Little Rock.
View ArticleArkansas Federal Credit Union to Absorb Democrat-Gazette Credit Union
Arkansas Federal Credit Union of Jacksonville has agreed to merge with the Arkansas Democrat-Gazette Federal Credit Union of Little Rock.
View ArticleUS Mortgage Rates Rise to 3-Month High
U.S. long-term mortgage rates rose slightly this week to their highest point in 12 weeks, though they remain far below their levels of a year ago.
View ArticleMahon Named Manager of First Service Bank Branch (Movers & Shakers)
Anderia Mahon has been hired as branch manager and loan officer for First Service Bank in its Little Rock market.
View ArticleTrustee Alleges Fraud in Farmers’ Bankruptcy
A couple who farmed in Monroe County allegedly tried to shield assets from creditors before filing a multimillion-dollar bankruptcy, according to a lawsuit filed last month by a bankruptcy trustee.
View ArticleBerry Bishop Faces Pressure from Feds for Prison Time
Berry Bishop, the Hot Springs insurance agent who also had offices in Prescott and Arkadelphia, is scheduled to be sentenced in U.S. District Court in Hot Springs on Friday morning.
View ArticleHotel Hot Springs Foreclosure Sale Set
The public auction will be held in the foyer of the Garland County Courthouse in Hot Springs, with the proceeds from the sale helping to pay a $128.9 million judgment handed down against the hotel’s...
View ArticleUS Consumer Confidence Falls for Third Consecutive Month
U.S. consumer confidence fell for a third consecutive month in October as optimism about job prospects and business conditions down the road grew weaker.
View ArticleWalmart, Green Dot Announce Partnership to Create Fintech Accelerator
Walmart and Green Dot Corp. announced Tuesday that they will jointly establish a “TailFin Labs LLC” fintech accelerator.
View ArticleUS Economy Grows at Modest 1.9% Rate in 3Q
The U.S. economy slowed to a modest growth rate of 1.9% in the summer as consumer spending downshifted and businesses continued to trim their investments in response to trade war uncertainty and a...
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