U.S. construction spending rebounded 0.5 percent in August after two months of contraction, helped by strength in home building, and commercial and government construction.
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US Construction Spending Rebounded 0.5 Percent in August
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In-State Bank Deposits Grow by 5.6 Percent, Beating National Rate
Arkansas bank deposits grew by 5.6 percent in the year that ended June 30, beating the national growth rate of 4.6 percent.
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Home BancShares Promotes Kelly Buchanan
Home BancShares Inc. of Conway, parent company of Centennial Bank, announces the promotion of Kelly Buchanan to director of corporate branch strategies.
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US 30-Year Mortgage Rates Average Rises to 3.85 Percent
Long-term mortgage rates ticked up slightly this week as the average 30-year fixed-rate mortgage rose to 3.85 percent from 3.83 percent a week ago.
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Senate Confirms Trump Pick to Serve on Federal Reserve
The Senate has confirmed President Donald Trump's nomination of Randal Quarles to serve on the Federal Reserve, the first step in the Republican's efforts to remake the nation's powerful central bank.
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Federal Regulator Clamps Down on Payday Lending Industry
A federal regulator announced new restrictions Thursday on the payday lending industry, a move that is likely to face resistance in Congress.
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Forfeited Property Sold for $1M
AOR LLC, led by John Starling of JTS Financial Services of Little Rock, has purchased a 21,256-SF office building in Little Rock.
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Joseph Dunn Takes Seat on Gateway Bank Board (Movers & Shakers)
Joseph Dunn, chief credit officer for Gateway Bank of Rison, has been named to the bank’s board of directors.
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OCC Order Wraps Up Dispute Over One Bank Loans
The Office of the Comptroller of the Currency in August tied up a loose end left dangling for years at Little Rock’s One Bank & Trust.
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Bank of McCrory Purchase Carries Price of $9.5 Million
The $79 million-asset Bank of McCrory will be merged into First National Bank of Wynne. The combination will boost First National’s total assets to more than $358 million.
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Nursing Homes Combine For $9.1M Transaction (Real Deals)
Rolling Hills H.C. Inc., led by Joey Wiggins, purchased the 139-room Sandalwood Healthcare project at 2600 John Barrow Road for $5 million and the 70-room Chenal Rehabilitation & Healthcare Center at 3115 S. Bowman Road for $4.1 million.
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Signature Bank's Gary Head on Putting a Postive Stamp on Community Commerce
Gary Head, 57, is chairman, president and CEO of Signature Bank of Arkansas, which he and fellow investors started in 2005 after raising $44 million in startup capital.
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Arvest Again Tops List of Largest Banks in Arkansas
Total deposits in the state rose to almost $64.2 billion even as the number of separate bank charters and branch locations continued to decline.
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Median Household Income Rises 5.6 Percent in Arkansas
Arkansas, Louisiana, Mississippi and West Virginia had the lowest median household incomes for 2016.
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Bank of the Ozarks' George Gleason Reallocates Time to Oversee Loan Growth
George Gleason, chairman and CEO of Bank of the Ozarks, reshuffled his duties earlier this year to devote about 75 percent of his time to the bank's real estate specialties group.
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Bank of the Ozarks Move Slices Reporting Obligations to Fed
When Bank of the Ozarks absorbed its parent company in June, the $20 billion-asset lender shed itself of two regulators.
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Arkansas Banks Sub ITMs for Tellers to Gain Competitive Edge
Several Arkansas banks are using interactive teller machines to offer extended hours and better service to their customers, grow their deposits and gain a competitive edge, especially in new markets.
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Generations Bank Files Foreclosure on Reams
Generations Bank filed a foreclosure suit in Benton County Circuit Court in an attempt to recoup more than $800,000 in loans provided to a Siloam Springs company.
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Even With Lien Lifted, Lawyers Still Squabble Over Quapaw House
Former law partners Scott Poynter and John Emerson continue to fight in court over liens and loans tied to 1887 Rozelle-Murphy House.
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Bank of the Ozarks Director Recognized by Savoy Magazine
Bank of the Ozarks announced Tuesday that board member Paula Cholmondeley has been recognized by Savoy magazine as one of its 2017 Most Influential Black Corporate Directors.
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