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Mark Skelton to Support FNBC Small Business Expansion (Movers & Shakers)

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Mark Skelton has been promoted to vice president and senior commercial lender for FNBC Small Business in Batesville.

$8.5 Million Transaction Visits Residence Inn (Real Deals)

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The 96-room Residence Inn by Marriott in west Little Rock was the big ticket item of three recent hotel sales in Pulaski County.

How the Goldens Ruled: Fed Report on Allied Notes Self-Dealing, Insider Abuse

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The narrative of the report is dominated by criticism of the Goldens, by title rather than name, and the bank board they held sway over.

Simmons Bank: Darren McFadden Gave Adviser Bank Access

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Simmons First National Corp. has denied any wrongdoing in its handling of the bank account of Darren McFadden, the former Arkansas Razorback and NFL player. McFadden has blamed the Pine Bluff bank for failing to warn him about more than $10 million in cash withdrawals and transfers by his financial adviser.

U.S. Personal Saving Rate Near Historic Low

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Although the personal saving rate in the United States ticked up in January to 3.2 percent, up from 2.5 percent in December, it remains near historic lows.

First Arkansas Bank & Trust Opens Conway Branch With QŪB

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First Arkansas Bank & Trust has put new machines at several branches. The devices, known as QŪBs, offer traditional teller services remotely.

Quinn Says Gibbons Promissory Note Already Paid

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That promissory note, assigned to Tom Gibbons on Aug. 29, 2016, originally was held by Lex Golden, the former controlling party of defunct Allied Bank.

Boss Hogg 2.0 (Gwen Moritz Editor's Note)

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Even after Allied Bank was shut down by the Arkansas State Bank Department in 2016, I wasn’t expecting a 40-page report from the Office of Inspector General. But Allied was special.

Arvest, Bear State Get Approval for $391M Deal

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Arvest Bank of Fayetteville is closer to completing its $391 million all-cash acquisition of Bear State Bank of Little Rock, the two companies announced Monday.

Little Rock Broker Named to St. Louis Fed's Real Estate Council

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Greg Joslin of Little Rock has been named to the Real Estate Industry Council of the Federal Reserve Bank of St. Louis.

Cathy Owen Becomes 1st Woman to Lead Arkansas Bankers Association

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Cathy Owen became the first woman elected to the Arkansas Bankers Association's top post when she was installed Tuesday as chairman for 2018-

Long-Term US Mortgage Rates Fall; 30-Year at 4.4 Percent

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Long-term U.S. mortgage rates fell this week, benefiting potential homebuyers with the spring buying season underway.

FinTech Firm BankLabs to Add 19 Jobs in Little Rock

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BankLabs of Little Rock says will create up to 19 full-time jobs in the capital city by the year 2020.

Chad May Named CEO of Armor Bank Ahead of Central Arkansas Expansion

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The Forrest City bank, owned by Mark and Nathan Waldrip, plans to expand into central Arkansas, where May will continue to be based.

Update: BB&T to Acquire Regions Insurance

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BB&T Corp., a financial services holding company based in North Carolina, announced Friday that its insurance brokerage subsidiary, BB&T Insurance Holdings Inc., would acquire Regions Insurance, which has a large presence in Arkansas.

Alcoa Credit Union Adds Cheryl Lucier-Tullos (Movers & Shakers)

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Cheryl Lucier-Tullos has been hired as vice president of finance and accounting for the Alcoa Community Federal Credit Union in Benton.

Arkansas Sees Increase in Personal Income

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Personal income in Arkansas rose 3.2 percent in 2017, the U.S. Bureau of Economic Analysis reported late last month. That increase beat the average for all the states of 3.1 percent.

Bank of Cave City, First Security Branching Out

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Bank of Cave City is entering the Independence County market for the first time while First Security Bank is planning to build a new branch in Sherwood.

Arvest, Bear State Transaction Progresses

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The biggest bank buy to date for Fayetteville’s Arvest Bank is headed for completion around April 20 at last report. But some loose ends are still in play.

Simmons Bank Staff Takes Over Acxiom’s Former HQ

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A year after investing $25 million for a piece of downtown Little Rock, Simmons Bank continues to sort through details to make the former Acxiom headquarters its own.
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