Crowne Plaza Hosts $13.5M Transaction (Real Deals)
A 244-room hotel in west Little Rock tipped the scales at $13.5 million. Crowne Plaza Little Rock LLC, led by Wally Allen, sold its namesake hotel at 201 S. Shackleford Road. The buyer is WLR Hotel...
View ArticleBank of the Ozarks Announces Sale of 6.6M Shares
Bank of the Ozarks Inc. on Wednesday announced that it will sell 6.6 million shares of common stock in a public offering and expects gross proceeds from the sale to be $302.3 million before...
View ArticleSimmons First Increases Quarterly Dividend by 4.2 Percent
The Simmons First National Corp. board of directors on Thursday declared a regular $0.25 per share quarterly cash dividend payable July 3, to shareholders of record June 15. This dividend represents a...
View ArticleSimmons First Names Susan Lanigan New Board Member
Simmons First National Corp. on Friday named Susan Lanigan of Nashville, Tennessee, to its board of directors. Lanigan has been executive vice president and general counsel of Chico’s FAS Inc. since...
View ArticleSBA's Edward Haddock Gives Big Reasons to Think Small
As director of the Arkansas District Office of the U.S. Small Business Administration, Edward Haddock is responsible for all SBA programs and services as well as coordination among the SBA, the...
View Article126 Units in Fayetteville Sell for $8 Million (NWA Real Deals)
A Missouri investor bought a Fayetteville apartment complex for $8 million. Patrick O’Reilly of Springfield bought the South Creekside Apartments through Fayetteville Multifamily Apartments LLC....
View ArticleModern Storage Draws $3.3M Transaction (Real Deals)
A 67,935-SF mini-storage project in North Little Rock weighed in at $3.3 million. Modern Storage Maumelle Blvd LLC, led by Keith Richardson, purchased its namesake at 9100 Maumelle Blvd. The seller is...
View ArticleGrand Savings, Citizens Banks Add Execs in Rogers (NWA Movers & Shakers)
Jared Gabriele has been hired as an assistant vice president and loan officer at Grand Savings Bank for the bank’s Rogers market. He previously was a mortgage closer at Arvest Bank. Ron Branscum has...
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Bond Claims Change for Mortgage Brokers (Vic Lance Expert Advice)
Arkansas mortgage brokers and other financial professionals in the state have to comply with new licensing and bonding rules. The changes were introduced by a new piece of legislation — House Bill...
View ArticleHouse of Cards: How John Rogers Bilked Banks, Conned Collectors
Editor’s Note: This is the latest in a series of business history feature stories. Suggestions for future Fifth Monday articles are welcome. Please contact Gwen Moritz at (501) 372-1443 or...
View ArticleHomebank Holds Claim in El Dorado Man's $3.3M Bankruptcy
An El Dorado businessman recently filed for Chapter 7 bankruptcy liquidation, listing $3.3 million in debts and $4.4 million in assets. Darrell Lee Madding operated several businesses in the last eight...
View ArticleFinancial Cleanup Continues in Main Street Lofts Mess
More pieces have surfaced in the financial workout of the Main Street Lofts project in downtown Little Rock. AMR Construction LLC now holds an $824,784 first mortgage claim on the 62,688-SF M.M. Cohn...
View ArticleUS Pending Home Sales Fell Again in April
WASHINGTON — Americans retreated from signing contracts to buy homes in April for the second straight month, a possible sign that a declining number of homes on the market are stifling sales during the...
View ArticleHome BancShares Added to S&P MidCap 400
Home BancShares Inc. of Conway, parent company of Centennial Bank, announced Wednesday that it will be added to the S&P MidCap 400 and removed from the S&P SmallCap 600 before the market opens...
View ArticleArkansas Business Presents the 40 Under 40 Class of 2017
This week’s Arkansas Business is dedicated to our 24th class of 40 Under 40 honorees, young leaders of business, government and nonprofits selected by an internal committee from a field of about 400...
View ArticleFocus Bank's Jerry Morgan on Keeping Commodities in the Community
Jerry Morgan, 47, joined Focus Bank of Charleston, Missouri, in 2013 as its community bank president for its three branches in the Jonesboro market. Focus Bank has 12 locations in Missouri and Arkansas...
View ArticleMaumelle Townhomes Ring Up $4.4M Sale (Real Deals)
A 72-unit townhome project in Maumelle tipped the scales at $4.4 million. AHBI Windsor Park LLC, led by James Kincannon, purchased its namesake property at 2 Windsor Drive. The seller is Windsor Park...
View ArticleMorgan, Preston Give Advice, Share Perspectives at Economic Future Forum
Mike Preston, the executive director of the Arkansas Economic Development Commission, and Charles Morgan, a longtime leader of the Arkansas technology industry, were the keynote speakers for the final...
View ArticleUS Household Wealth Ticks Up 1.4 Percent to $94.8T
WASHINGTON — Buoyed by higher stock prices, Americans' household net worth rose 1.4 percent to $94.8 trillion in the first three months of this year, a trend that could support future spending. The...
View ArticleAverage US 30-Year Mortgage Rate Falls to 3.89 Percent
WASHINGTON — Long-term U.S. mortgage rates fell this week, as the benchmark 30-year rate declined for the fourth straight week to its lowest level in nearly seven months. Mortgage buyer Freddie Mac...
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