Marcus Shane Sweetin of Little Rock was sentenced Wednesday to 33 months in prison for making false statements on loan applications, costing AgHeritage Farm Credit, BancorpSouth Bank and Regions Bank more than $3.3 million.
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Shane Sweetin Sentenced to 33 Months for Lying on Loan Applications
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Clintons Focus on Economic Inequality at Little Rock Conference
Former President Bill Clinton said efforts to increase access to credit and financial assistance in underserved areas can help bridge America’s partisan divide, as he and his wife, former Secretary of State Hillary Clinton, hosted a daylong summit focused on economic inequality.
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US Home Sales Rose 1.9% Last Month, Lifted by Lower Rates
Americans took advantage of lower mortgage rates and purchased more homes in October, though sales were held back by a shortage of available properties.
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Wish, Johnson Given New Roles at First Service Bank (Movers & Shakers)
Kevin Wish has been hired as the new community market president and senior loan officer at First Service Bank in Conway. Dawn Johnson is the new small-business and consumer loan officer.
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Chenal Valley Office Land Attracts $3.7M Transaction (Real Deals)
Bella Casa LLC, led by Terry Fleming, acquired the 5.87-acre site at the southwest corner of Chenal Parkway and St. Vincent Way.
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NLR Investor Pays $6.7M for Fayetteville Land (NWA Real Deals)
A North Little Rock real estate developer paid $6.7 million for 38 acres just off Interstate 49 in uptown Fayetteville.
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UA Hopes New Degree Will Fill Data Need
Business leaders partner with educators in devising a flexible, unique program.
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US Economy Grew at Moderate 2.1% Annual Rate Last Quarter
The U.S. economy grew at a moderate 2.1% rate over the summer, slightly faster than first estimated. But many economists say they think growth is slowing sharply in the current quarter.
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US Economy Looking Durable Despite Risks From Trade Conflict
A series of government reports Wednesday cast a picture of a steadily growing U.S. economy, fueled by solid consumer spending and defying threats — at least for now — from a U.S.-China trade war and a global slowdown.
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A Bitcoin ATM Company With Little Rock Roots
Coinsource of Fort Worth sells bitcoins through nearly 400 special ATM kiosks at gas stations and convenience stores across the country, including two in the Little Rock area and another in Fayetteville.
With close to 40 employees in Fort Worth and San Francisco, and an estimated $100 million in total bitcoin sales since its inception in 2015, Coinsource bills itself as “the world’s largest bitcoin ATM network.”
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Writing Hits Wall at NanoMech
NanoMech Inc. attracted about $11 million in financial support from the Arkansas Economic Development Commission between 2008 and 2014. But after that mix of tax credits, grants tied to job creation, loans and direct investment, the public well dried up for the Springdale maker of industrial lubricants.
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Judge Tosses Homeowner’s $1.1M Insurance Claim
A federal judge recently sided with an insurance company against a Crawford County man who said he had amassed nearly $600,000 worth of furnishings in less than five years between bankruptcy and a catastrophic house fire.
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Maumelle Storage Center Hosts $2.5M Transaction (Real Deals)
Red Dot Storage 180 LLC of Louisville, Colorado, bought the Storage Spot at 98 Commercial Park Court from Maumelle Storage Center LLC, led by Graham Smith.
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New Generations Bank Coming to Bentonville
Generations Bank of Rogers is adding to its Benton County presence with a planned branch at 600 SW 41st St. in Bentonville. The full-service office represents No. 10 for the $524 million-asset lender.
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New First Community Branch on Horizon in Harrison
Batesville’s First Community Bank hopes to open its first full-service location in Harrison before year’s end.
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Chambers Takes Spa City Count to Baker’s Dozen
The pending entry of Danville’s Chambers Bank in Hot Springs will increase the tally of bank competitors in the $1.7 billion-deposit market to a baker’s dozen.
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Automation Will Change Auditing Profession in Arkansas
Artificial intelligence is coming for auditors — and accountants in general — but it will change what they do, not take their jobs, according to Arkansas accounting professionals.
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Startup Junkie, Walton Family Foundation Launch Micro-Loan Program
Startup Junkie, in partnership with the Walton Family Foundation, will work with Kiva US to launch a micro-loan program called Kiva Northwest Arkansas.
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Little Rock Club Looks at 50
In celebrating its history, the Little Rock Club is looking to ensure its future, and that future must embrace diversity, young people and families.
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Chenal at 30: Deltic Blazed Trail to West, Exiling Bears
Thirty years ago, Deltic Farm & Timber Co. was wading hip deep into an ambitious real estate venture two hours north of its El Dorado headquarters.
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