U.S. Judge Dismisses Stone Bank Fraud Case
A fraud conspiracy complaint filed in federal court by the former chairman and one-time largest shareholder of Stone Bank has been dismissed. James Barnes, who sought more than $4 million in damages,...
View ArticleEven in Bankruptcy, College Debt Stands
Alice Wallace wasn’t your typical college student. The North Little Rock woman attended Pulaski Technical College when she was in her late 50s, after she was laid off from her job at the Arkansas...
View ArticleLawsuit a Low Note for Arvest Notary
An Oklahoma man who said his name was forged on a loan document is going after the notary who allegedly signed off on the paperwork. Will Grote of Bennington, Oklahoma, said someone forged his...
View ArticleThe Student Debt Bubble (Editorial)
We at Arkansas Business have warned for a couple of years now that the student debt crisis is a bubble in the making with the potential to burst as powerfully and dangerously as the housing bubble....
View ArticleBrandon Woodrome Sentenced to 41 Months in Prison
A federal court judge on Tuesday sentenced former Fort Smith construction company owner Brandon Woodrome to 41 months in prison and three years of supervise released for bank and wire fraud. Woodrome,...
View ArticleLittle Rock Prosecutors Indict 8 More Floridians in IRS Scam
Seven Cuban nationals living in south Florida were arrested Tuesday after a grand jury in Little Rock indicted them and three others on charges of running a nationwide scheme to steal $8.8 million from...
View ArticleSPONSORED: Six Steps to Simplify the Tax Code
As the owner of a CPA practice, I’m always interested in the daily detail and take the time to communicate with my staff from the ground up on ways to improve our tax practice and service to our...
View ArticleFewer People Signed Contracts to Buy US Homes in March
WASHINGTON — Fewer consumers signed contracts to buy U.S. homes last month as the spring buying season revs up with stiff competition for homes amid lagging inventory. The National Association of...
View ArticleSkip Colvin Slotted as Community President for Arvest (Movers & Shakers)
Richard W. “Skip” Colvin has joined Arvest Bank as community bank president for Conway and Morrilton. As community bank president, Colvin is charged with formulating a hierarchy of objectives and...
View ArticleChenal Commercial Attracts $4M Sale (Real Deals)
A retail building in west Little Rock tipped the scales at $4.01 million. Beefam LLC and Bonerts MV LLC of Santa Ana, California, acquired the 7,457-SF project at 17701 Chenal Parkway, home to Pei Wei...
View ArticlePACE Financing Under Fire From Tom Cotton
Pulaski County Judge Barry Hyde calls PACE financing a home run, something that makes “a lot of sense to a lot of people.” U.S. Sen. Tom Cotton calls PACE a scam to “trick seniors into taking out...
View ArticleSimmons Drops Banquet; Home BancShares Adds Board Members
Wal-Mart Stores Inc. will have its blowout shareholders’ meeting on June 2 in Fayetteville at the University of Arkansas’ Bud Walton Arena, as usual. On April 20, Home BancShares Inc. had its usual...
View ArticleDate Set for One Bank & Trust Sale
Remember the court-ordered sale of controlling interest in Little Rock’s One Bank & Trust we told you about three weeks ago? A date is now set for the event that will bring a change of ownership to...
View ArticleRyan Watley Named CEO of Go Forward Pine Bluff
Ryan Watley has been named CEO-elect of Go Forward Pine Bluff, a volunteer group backed by Simmons First National Corp. that aims to stop the city's population decline and bolster its tax base. Watley,...
View ArticleIn Hearing Today, GOP Begins Work to Undo Dodd-Frank Law
WASHINGTON — Republicans on Tuesday cast former President Barack Obama's law overhauling the nation's financial rules as an obstacle to economic growth as a House panel launched a marathon session to...
View ArticleGOP-Led US House Panel OKs Bill to Overhaul Dodd-Frank
WASHINGTON — A House panel approved legislation Thursday that would undo much of the Dodd-Frank law enacted after the 2008 economic meltdown. The bill cleared the Republican-led House Financial...
View ArticleStone Bank Hires Jared Carver (Movers & Shakers)
Jared Carver has been named a financial analyst for Stone Bank in Little Rock. He was previously a financial analyst for Frost PLLC in Little Rock and with the Hendrix College business office in...
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St. Bernards Medical Center Tops Jonesboro’s Construction Projects List
Construction projects are flourishing in Jonesboro, despite the financial woes plaguing one of its largest commercial ventures. Inside the city limits, $164 million worth of construction is in motion,...
View ArticleLittle Rock Looks Up: 7 Downtown Projects Set to Open by Year's End
A flurry of behind-the-scenes activity indicates a restart is in the works for a key part of the Creative Corridor in downtown Little Rock. Lawsuits and countersuits surrounding unpaid work on the...
View ArticleVouk Transportation Faces Foreclosure on NLR Headquarters
It looks like the logistics company Vouk Transportation Inc. of North Little Rock has hit another rough patch. Bank of Little Rock filed to foreclose on Vouk’s headquarters because it allegedly...
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