The balance sheet of Mulberry's Allied Bank is positioned to undergo a third-quarter makeover after a July 21-24 real estate auction. The $107 million-asset lender intends to liquidate a chunk of its OREO portfolio during the four-day event.
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Allied OREO Auction To Include Bank Branches
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Winrock Place Purchase Approaches $2.9 Million (Real Deals)
The sale of a 24,817-SF office building in Little Rock's Riverdale area tipped the scales at $2.87 million. A 7,847-SF office building in west Little Rock is under new ownership after a $1 million sale. And a 10,043-SF warehouse and land in North Little Rock changed hands in an $805,000 transaction.
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Six Arkansas Banks Expand Their State Network
Six lenders made moves to grow their Arkansas branch network during the first half of 2015.
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Kavanaugh Branch Kicks Off Allied's Auction Run
The Allied Bank branch at the intersection Kavanaugh and Cantrell in Little Rock's Heights neighborhood took to the auction block Tuesday morning, leading off a four-day run by Blackmon Auctions of Little Rock.
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Update: Little Rock Board Votes on Next Steps for Tech Park
The Little Rock Board of Directors voted Tuesday to provide $6.6 million in sales tax proceeds to the Little Rock Tech Park so it can purchase properties along Main Street for its permanent home.
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Senate GOP Adds Dodd-Frank Rewrite to $21B Funding Bill
Senate Republicans are trying to use a must-do spending bill to advance legislation significantly rewriting landmark 2010 legislation that tightened regulation of the financial services industry.
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Simmons First 2Q Net Income Up 102 Percent
Simmons First National Corp. of Pine Bluff reports second-quarter net income of $20 million, up 102 percent from $9.9 million in the same quarter last year. During the quarter, the company made its third acquisition in Springfield, Missouri.
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Judge Orders Liquidation of Allied Bank Parent Company
U.S. Bankruptcy Court Judge Ben Barry orders the liquidation of Acme Holding Co., the parent company of Allied Bank of Mulberry.
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Dennis Smiley Lawsuits Settling Down
While Dennis Smiley Jr. awaits indictment or a plea deal on criminal charges, civil litigation continues in an effort to recoup losses from his financial wheeling and dealing.
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Community Banks Feel Regulatory Pinch
The Dodd-Frank Act celebrated its fifth anniversary last week, but it's probably safe to assume many community bankers in Arkansas didn't feel like partying.
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Simmons First National Ramps Up Growth Via Acquisition
Simmons First National Corp. covered some serious ground among growth-minded Arkansas lenders on the acquisition trail. Tandem out-of-state, stock-swap purchases during the first quarter increased the size of the Pine Bluff bank holding company by a whopping 65 percent.
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Third Lawsuit Opens Between Chambers Bank, Golden Family
A third legal front has been opened in the financial disputes between Chambers Bank of Danville and the Lex Golden family of Little Rock.
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A Depressing Motivator (Gwen Moritz Editor's Note)
Chances are students aren't being taught good economics principles at home. Their parents very likely don't understand money — and this is true even of parents who have adequate income. If parents don't budget, don't plan, don't prioritize, then children don't even know that they should — much less how to do it. Many families never discuss money with their children, even though money is a factor in virtually every facet of family life and the root of much household stress.
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Bank Office Numbers in the U.S. Outpace Population
Despite the increased use of online and mobile banking, brick-and-mortar offices retain their dominance in the provision of banking services, at least for FDIC-insured institutions.
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Ross Whipple Family Gives $1.5M to Arkansas Children's Hospital
Arkansas Children's Hospital says it has received $1.5 million to help fund an endowed chair dedicated to research.
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'Scooter' Stuart Family, Bank Reach Settlement Over $14.9M Forfeiture
A tentative settlement has been reached in the civil forfeiture of $14.9 million seized from Layton "Scooter" Stuart and his estate.
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Arkansas Capital Corp. Gets CDFI Designation
The exclusive designation as a CDFI was made by the U.S. Department of Treasury Community Development Financial Institutions Fund. A CDFI is a specialized financial institution working in market niches underserved by traditional financial institutions.
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US Economy Posts Solid 2.3 Percent Growth Rate in 2Q
After a harsh winter, the U.S. economy posted a solid rebound in the April-June quarter, led by a surge in consumer spending and a recovery in foreign trade.
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Bank of the Ozarks Tops Bank Performance Scorecard
Three Arkansas banks ranked among Bank Director magazine's list of top mid-size performers in the country, with Bank of the Ozarks of Little Rock taking the No. 1 spot.
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Mary Beth Brooks: Farmers & Merchants' Offer a 'Surprise' But Made Sense
Selling the Bank of Fayetteville wasn't urgent, CEO Mary Beth Brooks said Friday morning, but after Farmers & Merchants Bankshares of Stuttgart expressed an interest, the deal made a lot of sense.
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