Arkansas finance officials say a boost in sales and individual income tax collections helped keep state revenue above expectations and last year's numbers.
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Arkansas Revenue Continues to Rise in August
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US Bank Earnings Rose 7.3 Percent in 1Q
U.S. banks' earnings jumped 7.3 percent in the April-June period from a year earlier as revenues increased and the volume of soured loans banks had to write off fell to the lowest level since before the financial crisis.
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Beige Book Indicates Economic Growth in St. Louis District
Economic activity in the St. Louis District has continued to increase at a moderate pace since the previous "Beige Book" in July and year-over-year home sales in June increased 7 percent in Little Rock.
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Arvest Puts Matt Kendall, Kathleen Craig in New Posts
Arvest Bank promoted Matt Kendall to executive director of its mortgage operations, and it hired Kathleen Craig to fill his previous role as director of mortgage productions operations.
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Fayetteville Businessman Gets 1 Year for Defrauding First Security Bank
Former Fayetteville businessman Andrew C. Judkins was sentenced Thursday to 12 months in federal prison and ordered to pay $438,500 in restitution for two counts of bank fraud.
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Mark Barnett Added To Manage Audits at Jones & Co.
Mark P. Barnett Jr., a certified public accountant, has been hired as an audit manager with Jones & Co. Ltd. in Jonesboro. Barnett's areas of expertise include external audits of small businesses, construction companies and financial institutions as well as small business consulting.
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A Decision To Make (Editorial)
In the wake of an opinion issued by state Attorney General Leslie Rutledge, Arkansas property owners and tenants — including individuals, churches and businesses — have another decision to make: Will you allow the open carry of firearms?
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One Bank & Trust Lawsuit Moves to Federal Court
The legal donnybrook was started by Donna Adams, former senior vice president at Little Rock's One Bank & Trust. She sued the bank, its president and CEO, Jerry Pavlas, and its chief financial officer James Schnoes.
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Survey: US More Competitive Globally, But Inequality a Risk
Income inequality will remain a persistent problem despite brighter prospects for U.S. companies globally, according to an annual survey of Harvard Business School alumni officially being released Wednesday.
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Of Banks and the AFCU (Feedback)
The misinformation employed by the Arkansas Bankers Association to exclude Arkansas Federal Credit Union from the bidding process for the Little Rock Technology Park community development project is reprehensible. The ABA put politics above the potential jobs and economic growth of the community, which speaks volumes about its self-serving agenda.
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Brick-and-Mortar Banking: Physical Presence in a Virtual World
Despite the increasing dominance of online banking, financial institutions in the United States have continued to rely on physical offices, according to the FDIC Quarterly, which recently examined long-term trends in banking offices from 1935 to 2014.
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Mayor Mark Stodola Looks to Keep Main Street Makeover Moving
A mix of retail and of-fice buildings that decades ago were part of the city's historic commercial core have combined with new construction to recast a string of properties. A foundation of restaurants, apartments and the performing arts will be joined by a high-rise hotel redevelopment and the Little Rock Tech Park.
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Bankers See Growth In Commercial Real Estate
Banks have been finding most of their growth in loans to businesses and commercial real estate, a recent survey by Bank Director magazine found.
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Countdown Ticks: Cash Or Court for One Bank & Trust?
The third anniversary of the regulator-mandated regime change at Little Rock's One Bank & Trust is approaching. The national bank has endured a tumultuous ride since Layton “Scooter” Stuart was removed as chairman, president and CEO on Sept. 28, 2012.
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Flake & Kelley's Matthew Dearnley Sees More Preleasing, Money Upfront on NWA Properties
Matthew Dearnley, the CEO of Flake & Kelley Commercial Northwest, says the northwest Arkansas market has reached a point of possible correction, with certain areas overbuilt.
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Southern Bancorp Awarded $2M by Treasury CDFI Fund
Southern Bancorp Inc. is awarded $2 million, the maximum available under the Financial Assistance program of the U.S. Treasury's CDFI Fund.
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As Fed Meets, Decision on Rate Hike Seems Like a Toss-Up
Nine years after they last raised their benchmark interest rate and after months of feverish speculation, Federal Reserve policymakers this week may finally raise that rate from a record low near zero. Unless they don't.
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Birch: First Phase of Little Rock Tech Park to Open in Fall 2016
The first phase of the planned Little Rock Technology Park is targeted to open in the fall of 2016 with 40,000-SF of incubator and office space at 417 Main, Tech Park Executive Director Brent Birch said Tuesday.
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Arkansas Governor's Quality Award Winners Announced
Gov. Asa Hutchinson recognized winners at the Governor's Quality Award Program held at the Marriott Hotel in Little Rock. North Arkansas College of Harrison took top honors in receiving the Governor's Award for Performance Excellence.
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Fed Leaves Key Interest Rate Unchanged, Citing Low Inflation
The Federal Reserve is keeping U.S. interest rates at record lows in the face of threats from a weak global economy, persistently low inflation and unstable financial markets.
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