Global financial services company FIS of Jacksonville, Florida, and the Venture Center in Little Rock have named the 10 startup companies selected to participate in their 2018 VC FinTech Accelerator program.
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FIS, Venture Center Name Fintech Accelerator Participants
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Legacy BancShares to Acquire Gravett Bancshares, Bank of Gravett
Legacy BancShares Inc. announced Friday that it will acquire the outstanding stock of Gravett Bancshares Inc. and its subsidiary, Bank of Gravett.
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Mike Carroll Named Chairman of Arkansas CPAs (Movers & Shakers)
Mike Carroll of Fort Smith has been appointed chairman of the Arkansas Society of Certified Public Accountants.
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Relyance Expands, Takes Possession of Heartland Branches
Three former Heartland Bank locations have expanded the footprint of Pine Bluff’s Relyance Bank to Dallas and Grant counties.
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More Losses Precede Sale of One Bank
Little Rock’s One Bank & Trust extended its string of quarterly operational losses to 23, heading toward a pre-insolvency sale later this year.
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Student Loan Debt: A $1.3 Trillion Burden
Student loan debt in the United States has soared in the last decade, reaching $1.3 trillion at the end of June 2017, according to the Pew Research Center. That’s more than two and a half times what student borrowers owed 10 years previously.
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Waste, Fraud and Abuse (Gwen Moritz Editor's Note)
Here’s a little mantra I’d like for you to commit to memory: Wherever there are human beings, there will be waste, fraud and abuse.
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Walter Quinn Takes Over Mortgage, Pays Delinquent Taxes
Real estate records indicate that two mortgages remain in place on Walter Quinn’s west Little Rock home.
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Tame Inflation: April Consumer Prices Up Just 0.2 Percent
American drivers paid more for gas, but overall consumer prices rose only modestly in April, a sign that inflation remains mild.
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Daniel Robinson Promoted to Community President of Simmons Bank (Movers & Shakers)
Daniel Robinson has been named the community president of Simmons Bank in Pine Bluff.
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T-Mobile Store Dials Up $1.4M Sale in Jacksonville (Real Deals)
Vegamelt II LLC of Spring, Texas, purchased the 3,060-SF retail project from an affiliate of Madison Development Group of Issaquah, Washington.
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Anatomy of a Leak (Gwen Moritz Editor's Note)
A Trump voter of my acquaintance referred to Michael Avenatti as “that idiot attorney for Stormy Daniels.” May all of us be represented by such idiots.
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Eagle Bank Takes Q1 Loss After Mortgage Expansion
Jumping talons-first into a new line of business can be expensive. Just ask Cathy Owen.
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Centennial Says Jeremy Hutchinson in Default
Centennial Bank of Conway has sued state Sen. Jeremy Hutchinson for $30,037.69, plus interest and late fees, the unpaid balance of a $50,000 business loan made to him in 2011.
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Simmons Bank Names Franklin Shirrell Chief Retail Officer
Simmons Bank names Franklin Shirrell of Southlake, Texas, chief retail officer.
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Tougher Payday Loan Rules to Remain in Place, for Now
Tougher rules governing the payday lending industry, finalized during the last weeks of an Obama-era appointee who led the Consumer Financial Protection Bureau, will remain in place for now after Congress allowed a deadline to overrule them pass without action.
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Wells Fargo Reportedly Altered Customer Docs; Exec Retires
Wells Fargo employees in its wholesale banking business allegedly improperly altered information on documents related to corporate customers, The Wall Street Journal reports.
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US Average Mortgage Rates at 7-Year Highs
Long-term U.S. mortgage rates jumped this week, marking their highest levels in seven years amid the peak home buying season.
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Chris Roberts to Head Market Operations for Southern Bank (Movers & Shakers)
Roberts will oversee the commercial lending and branch operations of Southern Bank for central Arkansas.
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Citizens Bank Promotes Two to Retail Branch Manager (NEA Movers & Shakers)
Melissa Wood has been promoted to retail branch manager for Citizens Bank at the Eagle Mountain branch in Batesville and Scott Shelby has been promoted to retail branch manager in Imboden.
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