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Credit Union Consolidation Stirs Little Rock Market

The recent merger of the $2.8 million-asset Arkansas Democrat-Gazette Federal Credit Union with Arkansas Federal Credit Union pared the number of credit unions with a presence in Little Rock to 18.

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La Quinta Inn & Suites Attracts $7M Sale (Real Deals)

An affiliate of CorePoint Lodging of Irving, Texas, sold the 261-room hotel in downtown Little Rock to an affiliate of MD Hospitality Group of Chattanooga, Tennessee.

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FI Works Hopes to Leverage Its Participation in Accelerator

Software provider FI Works of Little Rock is gaining access to prospective customers and feedback from its participation in the second annual ICBA ThinkTECH Accelerator now underway.

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Blockchain Backers Remain Poised for Big Breakout

Blockchain technology came to prominence as the digital platform for the cryptocurrency bitcoin, but true believers think its uses will eventually be universal.

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Little Rock Tech Park Gains 2 New Board Members

The Little Rock Technology Park Authority announces the appointment of two new members to its board of directors.

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Willis to Head Mangan Holcomb's Foray Into Government Savings (Movers & Shakers)

Emma Willis has been hired as a senior strategist at Mangan Holcomb Partners/Team SI in Little Rock.

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Acquire or Be Acquired? (Robert Smith Commentary)

These are the three factors consistently identified as the primary drivers of merger transactions in the current market.

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Ridgecrest Apartments Draw $7.2M Transaction (Real Deals)

Ridgecrest LRAR LLC of Encino, California, sold its namesake project at 1900 and 2000 Reservoir Road to AM Capital Four LLC of Irvine, California.

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Income Growth in Central Arkansas Lags Nation’s

While the unemployment rate remains low in central Arkansas, income growth in the region has lagged behind that of the rest of the United States, notes the Metroplan report “Metro Trends: Economic...

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Biggest Deals of 2019 See Values Plummet 85%

The value of big deals in Arkansas plummeted 85% in 2019 compared with the previous year, dropping to $7.9 billion compared with a stratospheric $53.9 billion in 2018.

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Rev. Jameel Wesley Joins Centennial Bank Board

Centennial Bank says Rev. Jameel M. Wesley has joined its Little Rock Regional Board of Directors.

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Fed’s Positive Economic View Complicated by Viral Outbreak

Federal Reserve officials were mostly optimistic about the U.S. and global economies last month, though they noted the risk posed by China’s viral outbreak and were ready to keep their benchmark...

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Home BancShares to Acquire Marine Lender LH-Finance

Home BancShares Inc. of Conway signs a deal to buy LH-Finance, which is part of People's United Bank N.A. of Bridgeport, Connecticut, adding to its robust marine lending operation, Shore Premier Finance.

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US Home Sales Sales Fell 1.3% in January

U.S. home sales retreated 1.3% in January from the prior month, but low mortgage rates helped enable an increase in purchases from a year ago.

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New Bankruptcy Options for Small Businesses in the SBRA (Lindsey Emerson...

A look at the Small Business Reorganization Act, which took effect Feb. 19, marking one of the most significant changes in bankruptcy law since 2005.

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Presenting the 32nd Annual Arkansas Business of the Year Awards

Since 1988, Arkansas Business has honored the state's top executives, small businesses and nonprofits with the annual Arkansas Business of the Year Awards.

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Gibbs Named President at Diamond Bank (Movers & Shakers)

Gibbs will also retain the title of chief financial officer of the bank. He oversees all of the bank’s day-to-day operations, as well as continuing his duties as financial chief.

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Potential QuikTrip Location Sold in SWLR for $8.5M

Quiktrip Corp., the Tulsa-based convenience store chain, bought a 16.1-acre tract near the southwest corner of Interstate 30 and Otter Creek Road in Little Rock for $8.5 million.

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Windstream Billed $72.3M in 2019 by Top Firms in Bankruptcy

Windstream Holdings Inc. has paid its bankruptcy legal team a total of $72.3 million.

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US Consumer Confidence Rises Slightly to 130.7 in February

U.S. consumer confidence improved slightly in February, rising to a reading of 130.7, the highest point since August.

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