Banking & Finance - ArkansasBusiness.com

LR Markham Apartments LLC bought the 90-room hotel at 11 Crossings Court in west Little Rock.

David Erstine has been named an associate board director for the United Federal Credit Union, which is based in Michigan but has branches in Arkansas.

Southern Bancorp Inc., the Ross Foundation and Murphy Oil Corp. are spending millions on Promise scholarships that sponsors and an administrator say have increased the college-going rate of high school graduates in Arkadelphia and El Dorado.

Little Rock’s Arkansas Baptist College should be nearing completion of its second academic year of financial stability heading toward the start of the 2018 fall semester. That was the plan.

U.S. employers posted slightly more openings in June than the previous month, resulting in more available jobs than unemployed people for the third straight month, signaling a solid economy.

Dennis Leatherby, Tyson Foods Inc.'s longtime CFO who retired in April, died Monday. He was 58.

Long-term U.S. mortgage rates are down this week amid a restrained home buying season this summer.

The distribution of income and wealth in the United States has grown increasingly unequal, according to the Federal Reserve.

Arkansas Federal Credit Union has 14 branches, more than $1.2 billion in assets and more than 102,000 members.

BBR Oil LLC of Iowa City bought the 280-unit Spanish Valley Apartments, the 181-unit Spanish Willows Apartments and the 109-unit Spanish Viento Apartments in southwest Little Rock.

Trusts aren’t the only devices people can use to pass down their fortunes, modest or massive. While a will leaves finances open to probate, which can be lengthy and costly and is a matter of public record, it is better than having no plan at all.

Financial experts are quick to point out that you don’t have to be a millionaire to reap a trust’s benefits. The tax benefits are obviously geared to helping the wealthy, but there are other nontax benefits of trusts.

Now that the foreclosure sale of Lauren James’ merchandise is over, First Security Bank of Searcy wants to move forward and have a judgment placed against the women’s clothing company and its owners for defaulting on a loan.

Bank OZK of Little Rock, formerly known as Bank of the Ozarks, has increased the size of its board from 16 to 18 directors and elected Beverly Cole and Steven Sadoff to fill the resulting vacancies, effective immediately.

An affiliate of Maxus Properties of North Kansas City, Missouri, bought the 12.22-acre Wellington at Chenal Apartments at 15000 Chenal Parkway.

A Springdale couple is suing the buyers, the real estate agent and the bank involved in the sale of their chicken farm, saying they were “hoodwinked” in the convoluted process.

Stone Bank has added Kylan Compton and Breanna Jackson to its staff in Little Rock.

Long-term U.S. mortgage rates fell this week for the third consecutive week, yet they remain significantly higher than a year ago.

A top Federal Reserve official says she favors two more interest rate increases this year despite complaints from President Donald Trump that the Fed's continuing rate hikes risk slowing the U.S. economy.

U.S. banks set a record by making more than $60 billion in profits in the second quarter, federal regulators said Thursday, up more than 25 percent from a year earlier.

WLR Comfort Suites Hosts $6.1M Transaction (Real Deals)

David Erstine Joins United Federal Credit Union Board (Movers & Shakers)

As Arkansas College Promises Are Kept, Enrollment Rates Rise

Left in Hole by Former President, Arkansas Baptist Rebuilds Enrollment

Open Jobs Outnumber US Unemployed for 3rd Straight Month

Former Tyson CFO Dennis Leatherby Dies

US Mortgage Rates Decline; 30-year At 4.59 Percent

Fed Finds Inequality in Wealth Distribution Growing

Rodney Showmar Says AFCU Competing Against More Than Just Other Credit Unions and Banks

Apartment Project Trio Spawns $20.3M Sale (Real Deals)

Build Trust If You Must, But Also Explore These Other Options

Trust Planning Smooths Way for Survivors

First Security Moves Forward Against Lauren James Following Foreclosure Sale

Bank OZK Expands Board, Adds 2 New Members

Wellington Apartments Attract $17.8M Purchase (Real Deals)

Farm Owners Say They Were 'Hoodwinked' Over Convoluted Loan Process

Stone Bank Adds 2 To Little Rock Staff

Average US Mortgage Rates Fall; 30-Year at 4.51 Percent

Fed Official: Trump's Complaints Won't Affect Rate Decisions

U.S. Banks Made More Than $60 Billion In Profits Last Quarter