Banking & Finance - ArkansasBusiness.com

The millennial generation earlier this year passed Generation X to become the largest share of the U.S. workforce, the Pew Research Center says.

A growing number of Arkansas consumers, with the encouragement of plaintiffs' lawyers, are suing debt collection firms alleging the way the debt was collected violated the Fair Debt Collection Practices Act.

A grand Little Rock home and a North Little Rock medical office provide our tandem of million-dollar transactions.

In the bankruptcy filing, St. John's showed $8.5 million in debts and $3.03 million in assets.

After federal agents came calling at his business and home on Jan. 28, 2014, John Rogers lost control of his chaotic financial world. The known claims against the photo archivist and sports memorabilia dealer total more than $45 million, not counting $49 million in requested punitive damages.

Walter Quinn, a leading investor in Heartland Bank of Bryant, is working through some financial difficulties in Oklahoma.

Bank of Little Rock's position among creditors battered by the financial wheeling and dealing of John Rogers is uncertain. But the $203 million-asset lender was first in line to accuse Rogers of fraud among the growing crowd of litigants pursuing him in Pulaski County Circuit Court.

Allied Bank of Mulberry has retained the services of Little Rock's Blackmon Auctions to sell real estate collected mostly from borrowers on loans gone bad.

The Arkansas Business list of the state's largest trade and professional associations is back after a four-year hiatus, complete with 15 new entries because of greater participation.

Chris Dunn has joined Simmons First National Corp. as executive vice president for regulatory affairs and risk strategy.

U.S. service firms grew at a slightly faster pace in June, as business activity and new orders increased.

The lawsuit is the latest in a cascade of civil and criminal cases alleging widespread and long-term fraud by Stuart and other executives of One Bank & Trust and its holding company.

Home BancShares Inc. of Conway announced that Brian S. Davis has been elected chief financial officer, treasurer and director of Home BancShares and its wholly owned subsidiary, Centennial Bank.

On June 30, the U.S. Department of Labor released a proposed rule that would increase the minimum salary for employees exempt under the “white-collar” exemptions of the Fair Labor Standards Act to $970 per week, the equivalent of $50,440 annually, which represents the 40th percentile of earnings for all full-time salaried workers throughout the United States.

Consolidation came first, but it was really the financial crisis of 2008 — or, more specifically, the expensive regulatory fallout of the crisis — that created a rush to rename banks. In the current environment, banks have to either acquire or be acquired. And banks that want to be acquirers need names that aren't too geographically specific.

Net income at Little Rock's Bank of the Ozarks Inc. rose 69.1 percent to $44.8 million during the second quarter. The company reported net income of $26.5 million for the same period a year ago.

A judge has approved a plan that requires the Craighead County Fair Association to liquidate remaining properties at old and new fairgrounds.

The U.S. economy was expanding in all regions of the country in the late spring, aided by strong sales of autos and other consumer goods.

Home BancShares Inc. of Conway reports record quarterly profit of $33.9 million, or 50 cents per share, up 19 percent from the same quarter last year.

Arkansas Business will honor its 2015 Best Places to Work in Arkansas at an awards luncheon Wednesday, Sept. 16.

Millennials Rising as Biggest Share of Workforce

Consumer Suits Against Collection Firms Growing

Duo of Million-Dollar Properties Highlight Recent Pulaski County Sales

St. John's Troubles Continue with Chapter 11

Snapshot: A Guide to John Rogers' Legal Problems

Heartland Bank's Walter Quinn Building Loan Settlement with Texas Bank

Bank Documents Illuminate John Rogers' Dealings

Allied Bank Properties Put Up On the Block

Growing Participation Means Longer List of Largest Trade & Professional Unions

Simmons Bank Names New VP Chris Dunn

Growth in US Services Firms Rises in June

Federal Prosecutors Sue Scooter Stuart's Estate, Family Trusts

Home BancShares Names Brian S. Davis CFO

Overtime Rule Big Change for Business (Missy Duke Commentary)

Bank Name Bingo (Gwen Moritz Editor's Note)

Bank of the Ozarks' 2Q Profit Up 69 Percent

Judge OKs Plan for Craighead County Fair Association to Liquidate

Beige Book Finds Economic Growth in All Regions of Country

Home BancShares' 2Q Profit Up 19 Percent

Arkansas Business to Honor 2015 Best Places to Work at Sept. 16 Luncheon