Bank of the Ozarks Closes Deal to Buy First National Bank of Shelby
Bank of the Ozarks Inc. of Little Rock completes its acquisition of First National Bank of Shelby, N.C., a $68.5 million deal the company first announced in January.
View ArticleMark Pryor Rips Tom Cotton Vote Against Student Loan Bill
Democratic U.S. Sen. Mark Pryor is wasting little time going after expected Republican rival Tom Cotton, criticizing the freshman congressman for voting against a measure aimed at lowering the costs of...
View ArticleMetropolitan Bank Posts $1.3M Quarterly Profit
Metropolitan National Bank, which is being sold through bankruptcy court, reported net income of $1.28 million in the second quarter of 2013, a call report filed with federal regulators shows.
View ArticleArkansas Revenues Above Forecast in July
The Arkansas Department of Finance and Administration says the state started off its fiscal year above forecast by nearly 2 percent.
View ArticleRelaxed Standards for Credit Cards Mean New Offers for Consumers
Experts say the stepped-up marketing of credit cards, especially by the big players, signals the end of the most generous offers, which were being made to the most credit-worthy borrowers as credit...
View ArticleSimmons First National Bank Considers Cash-Back Card
Simmons First National Bank has been a national player in the credit card market for decades. Credit cards have remained a profitable line of business even though the Pine Bluff bank has resisted the...
View ArticleIn Low-Interest Climate, Banks Spend Cash To Lure Customers
If you think you've seen more bank promotions offering cash in exchange for opening a checking account, you're right.
View ArticleBank of Little Rock Teams Up with Kasasa To Offer Interest on Checking
Kasasa helps those financial institutions institute rewards programs in which customers could earn interest on their free accounts or other incentives, including cash back and iTunes downloads. The...
View ArticleSpecial TARP Investigator Lists Dozens of Prosecutions
The federal agency that is keeping tabs on TARP, the bank bailout program that dates to 2008, reported last month that it has pursued legal action against scores of bank executives who allegedly...
View ArticleSt. Louis Federal Reserve Releases Archived Materials
The Federal Reserve Bank of St. Louis has released more archived material, making the Federal Reserve Archival System for Economic Research the largest digital collection of Federal Reserve historical...
View ArticleAlbert Pike Apartments Acquired for $3.6M (Real Deals)
Summit Albert Pike Ltd. of Montgomery, Ala., bought the 130-unit project at 701 Scott St. from Albert Pike Residence Hotel Ltd. and Lincoln Investments LLC, both led by Phillip Jones.
View ArticleTelcoe's Sarah Mosley on the Role of Credit Unions in the Modern Banking...
Sarah Mosley is CEO and president of Telcoe Federal Credit Union of Little Rock, the second-largest credit union in Arkansas with total assets of $318.7 million and 25,838 members as of June 30.
View ArticleStuart Estate Still Owes Former One Bank Owner
BHL Financing LLC of Rogers is a creditor with a special interest in Stuart and the bank. The limited liability company is an affiliate of Hunt Ventures, led by Johnelle Hunt. She and her family sold...
View ArticleGuaranteed Payout Reduced for Potential Metropolitan Buyers
Did you know a federal bankruptcy judge slashed the proposed stalking-horse fee in the pending bid-sale of Metropolitan National Bank?
View ArticleBank of England Rules ROE List
Ranking banks by assets, as Arkansas Business did in May, provides a good idea of the presence each bank has in the lending market. But if you want to know who is making money for stockholders most...
View ArticleNormandy House for Daughter Part of Fed's Case Against Stuart
Among the assets entwined in the financial imbroglio at One Bank & Trust is a 1,660-SF house in the Normandy neighborhood of Little Rock.
View ArticleOne Bank & Trust Sees Another Quarterly Loss
The $400 million-asset lender recorded a second-quarter loss of $707,000, which follows a loss of nearly $3 million during the first quarter.
View ArticleOne Bank's Scooter Stuart Thought He Knew Who Blew the Whistle
Before he died on March 26, Layton “Scooter” Stuart told Arkansas Business that he thought he knew who had stirred up trouble for him with the chief federal regulators of his One Bank & Trust:...
View ArticleQuarterly Business Analysis with UA's Kathy Deck Scheduled for Sept. 12
The University of Arkansas will host the next installment of its Quarterly Business Analysis with Kathy Deck, director of the Center for Business and Economic Research, on Thursday, Sept. 12.
View ArticleDelta Region to Benefit from $6.2M in Grants
The Delta Regional Authority and the Health Resources & Services Administration announces that two Arkansas towns will receive portions of a $6.2 million grant to benefit health-related programs.
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