Bank of the Ozarks this morning announced record profits of $96 million for the third quarter. The performance topped last year's third quarter net income of $76 million by 26.3 percent.
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Bank of the Ozarks 3Q Profit Up 26 Percent
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Under Pressure From Congress, IRS Suspends Equifax Contract
The IRS has suspended a $7.25 million contract with the credit reporting company Equifax after members of Congress complained the tax agency had awarded a no-bid contract to a company that recently had a massive data beach.
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Everyone Needs a Little Nudge (Gwen Moritz Editor's Note)
Richard Thaler was already a rock star among economists before he was awarded the Nobel Memorial Prize in Economic Sciences last week.
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Hospital Vendors Earn Millions for Services
Tax forms filed by nonprofit hospitals in Arkansas provide a peek into the millions of dollars the hospitals spend on their vendors.
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Pro Bono Work Can Also Be Good For Business, Bill Waddell Says
When Little Rock attorney Bill Waddell found himself in the national spotlight in August, he embraced it to spread the word on the first rural legal-medical partnership in Arkansas.
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Springdale Contractor Faces Foreclosure
Arvest Bank of Rogers is seeking more than $1.3 million in a foreclosure suit filed against Springdale contractor James Randall Ball in Washington County Circuit Court.
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Builders Association Looks at House of Incarcerated Former EVP
The former executive vice president of the Arkansas Home Builders Association, who helped herself to $100,000 of the association’s money, began serving her 12-year prison sentence in August.
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Arkansas Business Hall of Fame Inductees Announced
Four leaders who have made contributions to the finance and banking, fitness, transportation and steel industries make up the 2018 class of inductees for the Arkansas Business Hall of Fame.
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Tedford and Son Leave Stephens Inc., Go In with Stephens Group
Bill Tedford has left Stephens Inc. after 51 years, along with son Alan, and they have hooked up with the other side of the Stephens family.
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Women Who Own Businesses Find Bank Loans Harder to Get
A survey of businesses conducted this summer found that 30 percent of companies owned by women were able to get bank loans during the previous three months, compared to half of all the owners surveyed.
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Florida Hurricane Drives Home BancShares 3Q Profit Down 66 Percent
Home BancShares inc. of Conway, the parent company of Centennial Bank, reports third-quarter profit of $14.8 million, down 66 percent from the same quarter last year, as Hurricane Irma weighed on results.
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Bear State Financial 3Q Earnings Up 8 Percent
Bear State Financial Inc. of Little Rock, which is selling Bear State Bank to Arvest Bank of Fayetteville, reports third-quarter earnings of $5.1 million, up 8 percent from the same quarter last year.
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$5M From First National Bank Gets Naming Rights to A-State Convocation Center
Arkansas State University's board of trustees vote to rename the university's Convocation Center to "First National Bank Arena" following a $5 million contribution to the Red Wolves Foundation from the Paragould-based bank.
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Closing of Two Acquisitions Pushes Simmons to $14B in Assets
Simmons First National Corp. of Pine Bluff, parent company of Simmons Bank, announced Thursday it has completed acquisitions of both Southwest Bancorp Inc. of Stillwater, Oklahoma, and First Texas BHC Inc. of Fort Worth, Texas.
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Arkansas Employment Remains at 3.5 Percent
Arkansas' unemployment rate in September remained steady at 3.5 percent.
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Economist: Recovery in 'Top of The Ninth Inning"
"I think we’re in the top of the ninth inning of the recovery from our recession to, you know, getting back on our feet,” economist Jim Glassman told a small gathering of business professionals Wednesday at an economic outlook luncheon sponsored by Chase.
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Beach Nabs Alabama Summa Cum Laude Honors (Movers & Shakers)
Robert Beach, senior associate with Gill Ragon Owen of Little Rock, recently graduated summa cum laude from the University of Alabama with a Master of Laws degree in taxation and was the valedictorian of his graduating class.
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Rad Transportation of Blytheville Files for Bankruptcy
A Blytheville trucking company recently filed for bankruptcy and listed $881,000 in debt.
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Simmons First Reports 3Q Net Income of $28.9M
Simmons First National Corp. of Pine Bluff reports third-quarter net income of $28.9 million, up 17 percent from $23.4 million for the same quarter of last year.
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US 30-Year Mortgage Rates Rise to 3.94 Percent
The costs of borrowing to buy a home increased slightly this week, but U.S. mortgage rates are still near relative lows.
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