Bank Offers Go Viral In Pandemic
The rollout of temporary deals for business and consumer borrowers alike are all over the board as banks adjust their products to the economic fallout from the coronavirus pandemic.
View ArticleSimmons First Shrinks Branch Operations in Response to COVID-19
Simmons First National Corp. temporarily closed 53 branches throughout its eight-state footprint to reduce the potential spread of the coronavirus pandemic.
View ArticleArkansas Banks Ready for Opportunity Amid Chaos
The three publicly traded financial companies headquartered in Arkansas were jolted last month by the global market uncertainty, but executives are looking past the daily market prices to the future...
View ArticleSolar Jobs on the Line, Insiders Fear
With the coronavirus pandemic wreaking economic havoc, former Lt. Gov. Bill Halter fears a long-awaited state ruling on solar power policy could threaten $125 million in projects by his firm alone.
View Article$11M Judgment Lands on Would-be Heartland Suitor
A California businessman who in late 2015 was going to work a deal to rescue the now-defunct Heartland Bank was hit last month with an $11 million default judgment in a lawsuit brought by CTHC Holdings...
View ArticleFederal Reserve to Smooth Lending to Small Businesses
The Federal Reserve will provide support to the government's new small business lending program in its latest attempt to smooth the flow of credit in the virus-stricken U.S. economy.
View ArticleFoundation Offers Grants to Women-Owned Businesses Affected by Virus
The Women's Foundation of Arkansas launches Women Owned, an assistance fund for women-owned small businesses experiencing economic hardship due to the COVID-19 pandemic.
View ArticleWall Street Leaps 7%, Markets Rally Worldwide on Virus Hopes
Investors grabbed hold of a few glimmers of hope Monday that the coronavirus pandemic could be slowing and sent stocks surging in a worldwide rally, capped by a 7% leap for the U.S. market.
View ArticleComputer Issues at SBA Said to Hold Up Small Business Loans
Small business owners hoping for quick help from the government’s emergency $349 billion lending program were still waiting Tuesday amid reports of computer problems at the Small Business Administration.
View ArticleAt Emergency March Meetings, Fed Pledged to Use Full Arsenal
Federal Reserve officials pledged at two emergency meetings last month to use their full arsenal to bolster the U.S. economy being brought to its knees by the coronavirus outbreak.
View ArticleRecord 16.8M Have Sought US Jobless Aid Since Virus
With a startling 6.6 million people seeking jobless benefits last week, the United States has reached a grim landmark: More than one in 10 workers have lost their jobs in just the past three weeks to...
View ArticleFed Rolls Out $2.3T Plan to Stabilize Economy
The Federal Reserve is taking additional steps to provide up to $2.3 trillion in loans to support the economy.
View ArticleSun Still Rises on Today's Power
Today’s Power Inc. of Little Rock, the electric co-op subsidiary that builds solar power stations, is making hay while the sun shines.
View ArticleBank On Arkansas+ Helping Unbanked, Underbanked Get Federal Aid
Bank On Arkansas+ is offering access to certified checking accounts to ensure Arkansans are able to receive their Coronavirus Aid, Relief, and Economic Security (CARES) Act relief in a timely manner.
View ArticleArkansas Banks Approve $2B in PPP Loans
Arkansas banks had approved approximately 15,000 loans worth more than $2 billion as part of the federal Paycheck Protection Program as of Tuesday, the Arkansas Bankers Association announced.
View ArticleWebinar: FAB&T, Wright Lindsey Jennings Offer Help Navigating the CARES Act
First Arkansas Bank & Trust, Wright Lindsey Jennings and Arkansas Business will present a free webinar about how small businesses can take advantage of the federal CARES Act amid the COVID-19 crisis.
View ArticlePandemic, Accounting Change Wipe Out Most of Home BancShares' 1Q Earnings
The coronavirus pandemic and a change in accounting standards forced Home BancShares Inc. of Conway to reserve an extra $77 million for potential loan losses, sending first-quarter earnings down by...
View ArticlePPP on Hold After Reaching Lending Limit
The government’s lending program for small businesses is tapped out, and business owners who still need loans are waiting on Congress to approve more funding.
View ArticleArkansas Unemployment Rises to 4.8% in March
Arkansas' unemployment rate rose one and three-tenths of a percentage point to 4.8% last month due to the COVID-19 pandemic, according to a report released Friday by the Arkansas Division of Workforce...
View ArticleThomas Takes Over Management Spot at FNBB (Movers & Shakers)
Herbert Thomas has been promoted to senior vice president, relationship manager for First National Bankers Bank in Little Rock.
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