First Security Bank to Buy Fayetteville First Federal Branch
First Security Bank of Searcy reaches a deal with First Federal Bank of Harrison to purchase the assets and deposits of the First Federal branch at 191 West Main in Farmington, near Fayetteville.
View ArticleHewlett-Packard, Davy Carter, Martha Shoffner & More in Your Week in Review
Your "Arkansas Business/THV 11 News Week in Review" looks back on Hewlett-Packard, a promotion for Davy Carter, a trial date for Martha Shoffner and tough times for Wal-Mart in D.C.
View ArticleOklahoma Country Club Latest Foreclosure Target in Herrington Case
Foreclosure action is taking place in Oklahoma City and centers on the 275-acre Gaillardia Golf & Country Club with its 7,240-yard championship course.
View ArticleThe Village at Hendrix Snags Delta Trust & Bank, Purple Cow Restaurant
Market Square, which is scheduled to be completed by the end of the year, is in The Village at Hendrix, a new urbanist neighborhood adjacent to Hendrix College. The 30,000-SF building will house three...
View ArticleA Busy Few Weeks in Banking (Editorial)
Some of us have watched the banking industry long enough to recognize the cycles, so we were expecting to see bank deals start to happen. We weren't necessarily expecting three deals involving five of...
View ArticleMitzi Osborne Owes $1.2 Million in Bankruptcy
Mitzi Osborne, the widow of Little Rock businessman Jennings Osborne, filed for bankruptcy protection in June but didn't list all the details about her finances in her initial filing.
View ArticleMetropolitan Bank Shareholders Unlikely to Get Any Cash
Rogers Bancshares Inc., the holding company for Metropolitan National Bank, had negative common equity of $22 million as of March 31. As a result, its creditors are likely to receive only pennies on...
View ArticleThe Power of Personal Presence (Barry Goldberg On Leadership)
Here was the scene. About 250 unhappy travelers were all gathered in a crowded departure lounge. Weather and traffic snarls on the East Coast were playing havoc with getting equipment and people where...
View ArticleFeds Seize Nearly $18M From Estate of Former One Bank CEO Layton Stuart
The federal government seizes $18 million from the family of Layton "Scooter" Stuart, the former CEO of One Bank & Trust of Little Rock, alleging that the money was tied to bank fraud and money...
View ArticleFormer Lawmaker Steve Jones to Join Southern Bancorp Nonprofit as Senior VP
Steve Jones, a former state legislator and currently a deputy director at the Arkansas Department of Human Services, will join Southern Bancorp Community Partners as senior vice president of programs.
View ArticleDelta Trust & Bank Buys Allen Kerr Insurance Agency
Delta Trust & Bank of Little Rock buys the Allen Kerr Insurance Agency for a price that wasn't released. "This merger will enable Delta Trust Insurance to provide a complete range of property and...
View ArticleFidelity National Information Services Eyes $3M Expansion in Little Rock
Fidelity National Information Services Inc. of Jacksonville, Fla., plans to add up to 200 customer service jobs at its Little Rock campus, part of a $3 million expansion.
View ArticleBeige Book: Growth Improves Moderately Throughout US
The U.S. economy grew throughout the country from late May through early July, bolstered by the housing recovery, consumers and more factory output.
View ArticleUS Builders Start Work on Fewer Homes in June
U.S. builders started work on fewer homes in June, mostly because apartment construction fell sharply. But applications for permits to build single-family houses rose to the highest level in five...
View ArticleCORRECTED: Simmons First 2Q Earnings Flat
Simmons First National Corp. of Pine Bluff announces second-quarter net income of $6.6 million, up less than 1 percent from the same period in 2012.
View ArticleHome BancShares Reports Record Earnings; Results Up 14 Percent
Home BancShares Inc. of Conway reports record second-quarter net income, which reached $17.7 million or 31 cents diluted earnings per common share.
View ArticleArkansas Unemployment Rate Unchanged at 7.3 Percent
The Arkansas unemployment rate for June remained a steady 7.3 percent, according to data released Friday by the Arkansas Department of Workforce Services. The state's rate continued to be below the...
View ArticleAverage U.S. Household Wealth Falls
Average household wealth in the U.S. dropped 15 percent between 2007 and 2010, according to the Federal Reserve Bank of St. Louis. Median household wealth declined 39 percent.
View ArticleGMAC Building Rings Up $7.1M Transaction (Real Deals)
A 50,900-SF office building in west Little Rock tipped the scales at $7.1 million. 16101 Properties LLC, led by Terry Fleming, bought the GMAC Building at 16101 La Grande Drive. The seller is Crain...
View ArticleWallace Fowler Calls Liberty Years ‘Wonderful'
The proposed $280 million sale of Liberty Bank to Home BancShares Inc. of Conway represents the largest in-state bank transaction in Arkansas history.
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