Rising Energy Costs Lift US Consumer Prices 0.2% in December
Rising energy costs drove U.S. consumer prices higher in December, and American workers’ earnings couldn’t keep up.
View ArticleAFCU Buys FamilyLife Building for $12M, Will Move HQ from Jacksonville
Arkansas Federal Credit Union says it purchased the FamilyLife building in west Little Rock for $12 million and plans to move its headquarters there over the next 18-24 months.
View ArticleHome BancShares 4Q Earnings Rise to $73M
Home BancShares Inc. of Conway reports fourth-quarter earnings of $73.3 million, up from $71.0 million in the same quarter last year.
View ArticleBank OZK 4Q Down 12% But Above Expectations
Bank OZK of Little Rock reports fourth-quarter profit of $100.8 million, down 12% from $115.0 million in the same quarter last year.
View ArticleCentral Arkansas Finance Sector Sees Growth
The finance sector in central Arkansas is going strong, a phenomenon noted by Metroplan in its latest “Metro Trends: Economic Review & Outlook.”
View ArticleLori Melton Selected as SVP at First Community Bank (Movers & Shakers)
Lori Melton has been hired as senior vice president of business development at First Community Bank in Conway.
View ArticleState Bank Commissioner Candace Franks Predicts Ownership Trends in '20
Candace Franks, the Arkansas state bank commissioner, says total assets under supervision have almost doubled since 2012.
View ArticleThe Contenders: It’s Grow or Else, Smaller Banks Say
Smaller banks in Arkansas are often faced with the choice of growing or finding a buyer.
View ArticleBank OZK’s New HQ Built to Recruit, Retain Talent
The new Bank OZK headquarters is envisioned as a spectacular calling card to recruit new talent to come and work for the company and an amenity-laden investment to retain staffers.
View ArticleSimmons Bank Shouting Name From Rooftops
Verizon Arena in North Little Rock officially became Simmons Bank Arena on Oct. 3, marking the latest effort by the Pine Bluff bank to build brand visibility in central Arkansas.
View ArticleMarnie Oldner Named to Fed’s CDIAC
Marnie Oldner, CEO of Stone Bank of Mountain View, was named last week to the Federal Reserve Board’s Community Depository Institutions Advisory Council.
View ArticleArvest Promotes Gooch to Regional Director
Don Gooch, an 18-year employee who most recently served as southwest Arkansas community bank president, has been promoted to regional director of community bank presidents by Arvest Bank of Fayetteville.
View ArticleDeferral Period Shorter for Non-Spouse Beneficiaries of Retirement Accounts...
The recently enacted Setting Every Community Up for Retirement Enhancement Act of 2019 limits the deferral period for most non-spouse designated beneficiaries to 10 years.
View ArticleIn Central Arkansas, A Host of Angels Aim to Aid Startups
The new Central Arkansas Angel Network will launch this month, aiming to provide investors and early stage startups a new way to connect.
View ArticleArvest Bank Names 3 Board Members
Arvest Bank in central Arkansas has three new board members in Little Rock: Rajesh Chokhani, Scott Copas and Chad Young.
View ArticleArvest Bank Names Brad Crain President, CEO in Benton County
Brad Crain has been named president and CEO of Arvest Bank in Benton County, effective Jan. 27.
View ArticleUS Home Sales Soared 3.6% in December
U.S. home sales climbed 3.6% in December, but a record-low inventory of houses on the market has caused prices to surge as affordability is worsening.
View ArticleSimmons First Beats 4Q Profit Forecast; Marty Casteel to Retire
Simmons First National Corp. of Pine Bluff reports fourth-quarter earnings of $52.7 million, down 5% from the same quarter last year, but earnings per share beat Wall Street forecasts.
View ArticleSouthern Burger Chain Krystal Files for Bankruptcy
Krystal Co., the Georgia-based restaurant chain known for tiny hamburgers and late-night service across the Southeast, has filed for bankruptcy, but said Tuesday that all of its locations would remain...
View ArticleLong-Term US Mortgage Rates Slump to 3-Month Lows
U.S. long-term mortgage rates fell this week to their lowest level in three months, deepening the incentive for prospective homebuyers although they face eroded affordability as prices continue to climb.
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