Fed Announces Wide-ranging Review of its Practices
The Federal Reserve says it will conduct a wide-ranging review next year of the strategies and tools it uses to achieve its congressionally mandated goals of maximum employment and price stability.
View ArticleU.S. Average Mortgage Rate High, Flat At 4.94 Percent
U.S. long-term mortgage rates were steady to slightly up this week, at their highest levels in nearly eight years and dampening home sales.
View ArticleState Unemployment Unchanged at 3.5 Percent
Arkansas' unemployment rate was 3.5 percent in October and unchanged from the previous month, according to a report released Friday by the state Department of Workforce Services.
View ArticleStogsdill Steps Into SVP Role at Simmons (Movers & Shakers)
David Stogsdill is the new senior vice president of commercial banking at Simmons Bank in Little Rock.
View ArticleFNBC Bank Makes Push Into Jonesboro
FNBC Bank of Ash Flat is working its way toward converting the LPO it opened in August at 1118 Windover Road into a full-service branch.
View ArticleGateway Bank Makes Headway in Saline County
After two years, Rison’s Gateway Bank is converting its Bryant loan production office at 6110 Hwy. 5 N. into a full-service branch. The $71.4 million-asset lender has offices in Rison and Malvern.
View ArticleBank OZK Buzz Draws Talk of Class Action
Bank OZK recorded a $74.2 million profit in the third quarter, a 22.7 percent decrease compared with the third quarter of 2017.
View ArticleDOJ Seeks Schwyhart Exam In Developer’s Chapter 7 Case
The corporate veil protecting Bill Schwyhart from creditors holding millions of dollars in claims is showing further signs of fraying.
View ArticleSimmons Bank Donating $50K to Junior Achievement of Arkansas
In honor of Giving Tuesday, Simmons Bank will present a $50,000 check to Junior Achievement of Arkansas at 10 a.m. on Nov. 27 in the Simmons Tower Lobby, 425 W. Capitol Ave. in Little Rock.
View ArticleAsa Hutchinson Announces Appointments
Gov. Asa Hutchinson on Wednesday announces appointments to boards and commissions.
View ArticleNew Officers Join First Service Bank (Movers & Shakers)
Corey Throneberry and Justin Zimmerman have been hired as loan officers and business development staffers at First Service Bank in Conway. Janet McPhate has joined as a senior operations officer.
View Article'Hey Boss — You’re Fired!' (Barry Goldberg On Leadership)
The fired boss is more and more left out of the loop, not consulted, worked around and occasionally even publicly challenged by his direct reports. And the worst part is, the more he is ignored by the...
View ArticleChapel Ridge Project Draws $11M Transaction (Real Deals)
Affiliates of Zimmerman Properties of Springfield, Missouri, bought the Chapel Ridge project at 10401 Brockington Road in Sherwood.
View ArticleMission of New Program at SAU: Incubating Poultry Managers
A $100K grant and new facilities at Southern Arkansas University in Magnolia offer a workforce pipeline for a big Arkansas industry.
View ArticleDisputes Doomed John Daly Steakhouse
The John Daly Steakhouse belatedly opened on Front Street in Conway in September 2017 with high hopes of becoming the flagship of a national chain. Instead, it crashed in just 10 months.
View ArticleArkansas Business Concludes 2018 Executive Leadership Academy, Sets 2019 Dates
Leaders from a mix of business, nonprofit and policy sectors concluded the Arkansas Business Executive Leadership Academy on Oct. 26.
View ArticlePowell: US Economy, Banks Seem Sturdy But Face Some Risks
Federal Reserve Chairman Jerome Powell says he's pleased with the state of the U.S. economy but cautions that some forms of corporate debt have reached risky levels.
View ArticleUS Pending Home Sales Fell 2.6 Percent in October
Fewer people signed contracts in October to purchase homes, as higher mortgage rates have worsened the affordability and dampened enthusiasm among would-be buyers.
View ArticleTrailer Transaction Hauls in $3.6 Million (Real Deals)
Michael Rivalto of Memphis acquired the Superior Trailer Sales project at 10600 Maybelline Road from NLR Ark Investments LLC, led by Frank Deel III.
View ArticleMarsha Moffitt Looking for Future CPAs Down for the Count
Marsha Moffitt, the chief of the Arkansas Society of CPAs, says more guidance is needed from the IRS on last year’s tax laws overhaul.
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