Regulatory requirements, legal uncertainties blunt lending opportunities to the state's medical marijuana industry.
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Arkansas Banks Navigate Marijuana Road
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Walmart Seeks Way Into Your Wallet
Walmart’s recent patent application for a cryptocurrency system hints at the Bentonville retailer’s next move into the financial services sector.
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Bank OZK Packs Little Rock With New Deposits
Bank deposits in Arkansas grew by 6.5% in the 12-month period that ended June 30, outpacing the national growth rate of 4.2% and topping $70 billion for the first time, according to data released in September by the Federal Deposit Insurance Corp.
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Simmons First 3Q Profit Up 48%
Simmons First National Corp. of Pine Bluff reports third-quarter earnings of $81.8 million, up 48 percent from the same quarter last year.
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NWA Tech Summit Kicks Off With Focus On 'What's Next, After Next'
The four-day Northwest Arkansas Tech Summit kicked off its first full day on Monday amid blown-out windows in the John Q. Hammons Center in Rogers and downed trees in the parking lot, evidence of the strong overnight storms.
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Asian Businesses Association to Host U.S.-China Trade Workshop
The Arkansas Association of Asian Businesses will host a workshop on the U.S.-China trade dispute and its effect on the Arkansas economy on Nov. 7 in Little Rock.
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Arkansas Federal Credit Union to Absorb Democrat-Gazette Credit Union
Arkansas Federal Credit Union of Jacksonville has agreed to merge with the Arkansas Democrat-Gazette Federal Credit Union of Little Rock.
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US Mortgage Rates Rise to 3-Month High
U.S. long-term mortgage rates rose slightly this week to their highest point in 12 weeks, though they remain far below their levels of a year ago.
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Mahon Named Manager of First Service Bank Branch (Movers & Shakers)
Anderia Mahon has been hired as branch manager and loan officer for First Service Bank in its Little Rock market.
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Trustee Alleges Fraud in Farmers’ Bankruptcy
A couple who farmed in Monroe County allegedly tried to shield assets from creditors before filing a multimillion-dollar bankruptcy, according to a lawsuit filed last month by a bankruptcy trustee.
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Berry Bishop Faces Pressure from Feds for Prison Time
Berry Bishop, the Hot Springs insurance agent who also had offices in Prescott and Arkadelphia, is scheduled to be sentenced in U.S. District Court in Hot Springs on Friday morning.
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Hotel Hot Springs Foreclosure Sale Set
The public auction will be held in the foyer of the Garland County Courthouse in Hot Springs, with the proceeds from the sale helping to pay a $128.9 million judgment handed down against the hotel’s owner back in June.
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US Consumer Confidence Falls for Third Consecutive Month
U.S. consumer confidence fell for a third consecutive month in October as optimism about job prospects and business conditions down the road grew weaker.
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Walmart, Green Dot Announce Partnership to Create Fintech Accelerator
Walmart and Green Dot Corp. announced Tuesday that they will jointly establish a “TailFin Labs LLC” fintech accelerator.
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US Economy Grows at Modest 1.9% Rate in 3Q
The U.S. economy slowed to a modest growth rate of 1.9% in the summer as consumer spending downshifted and businesses continued to trim their investments in response to trade war uncertainty and a weakening global economy.
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Fed Cuts Rates for 3rd Time This Year
The Federal Reserve cut its benchmark interest rate Wednesday for the third time this year to try to sustain the economic expansion in the face of global threats. But it hinted that it won't likely cut again this year.
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Grain Management Completes Deal for Stake in Ritter
Grain Management of Washington, together with E. Ritter and Co., announced Friday that it has completed its acquisition of a majority stake in Ritter Communications.
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Jonesboro Draws More Competitors to Lending Field
Forrest City’s Armor Bank and Little Rock’s Encore Bank have entered the Jonesboro market with loan production offices in advance of plans to open full-service locations.
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Parham Pointe Apartments Attracts $15.1 Million Sale (Real Deals)
An affiliate of Provident Investments of Birmingham, Alabama, acquired the 184-unit apartment project in Little Rock from LFC Properties LLC, led by Larry Williford.
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United Federal Credit Union Hires Two in Rogers (Movers & Shakers)
Jason Trenary has been appointed senior commercial loan officer and group manager for United Federal Credit Union in Rogers, and Jennifer Hodge is the new commercial loan officer.
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