River Pointe Apartments Attracts $40M Transaction (Real Deals)
An affiliate of Hamilton Point Investments purchased the 384-unit apartment project in North Little Rock from Riverpointe Development LLC, led by Keith Richardson.
View ArticleNumber of Community Banks Drops Sharply
The number of banks in the United States fell by almost 50% during the last 20 years, from about 10,700 in 1997 to about 5,600 in 2017, with the vast majority of the decline, 97%, accounted for by...
View ArticleOverdraft Fees Provide Steady Cash Stream
Protecting customers from overdrafts, a standard service provided by most banks and credit unions, can also be a lucrative revenue stream.
View ArticleSignature Move Takes Stock Public
Six months ago, White River Bancshares entered the realm of publicly traded companies with little fanfare. The corporate transition of the parent company of Fayetteville’s Signature Bank of Arkansas...
View ArticleSimmons Bank Names Alejandro Carriles Chief Digital Officer
Simmons Bank names Alejandro "Alex" Carriles executive vice president and chief digital officer.
View ArticleHome BancShares' 2Q Net Income Falls 5%
Home BancShares Inc. of Conway reports second-quarter net income of $72.2 million, up about 5 percent from $76.0 million in the same quarter last year.
View ArticleABC Financial Names Bill Davis CEO, Announces New Leadership Team
Health and fitness technology services provider ABC Financial Services LLC announced Thursday a series of leadership appointments, including naming President Bill Davis its CEO.
View ArticleArkansas Unemployment Drops to 3.5%, A New Record Low
Arkansas' unemployment rate dropped by one-tenth of a percentage point in June, to 3.5% from 3.6% in May.
View ArticleFuture KATV Studio Buy Tunes In at $4.3M (Real Deals)
KATV LLC, an affiliate of Sinclair Broadcast Group Inc. of Cockeysville, Maryland, purchased the 2-acre 10 Turtle Creek Lane development and an adjoining undeveloped 1.81-acre parcel.
View ArticleArkansas to Get $2.5M in Equifax Breach Settlement
Arkansas is receiving $2.5 million as part of a settlement with the credit reporting agency Equifax over a 2017 data breach that exposed the Social Security numbers and other private information of...
View ArticleSimmons Improves Earnings Despite Acquisition Expense
The Pine Bluff banking holding company earned $55.6 million in the second quarter, a 3.8% improvement over the same quarter in 2018 despite nearly $10 million in one-time expenses.
View ArticleUS New Home Sales Rise 7% in June After 2 Months of Decline
U.S. new home sales rose at a modest pace in June but remained below sales levels earlier this year, suggesting low mortgage rates and a healthy job market aren't encouraging many more purchases.
View ArticleRecent Real Estate Deals Total $1.5M
H.E. Austin Jr. and Wrenetta Austin of Little Rock bought the 8,270-SF Austin Brothers Tire Service at 2801 Cantrell Road in Little Rock for $750,000.
View ArticleUS Economy Dodges the Threat of Painful Spending Cuts
The budget agreement that congressional leaders and President Donald Trump forged late Monday lifted a big potential drag on the U.S. economy for this year and next.
View ArticleHome Sales Fall 1.7% with Prices High and Supply Low
U.S. home sales tumbled 1.7% in June, with rising prices and a scarce supply locking out many Americans from ownership.
View ArticleUS Economy Slowed to 2.1% Growth Rate in Second Quarter
The U.S. economy slowed sharply in the April-June quarter even as consumers stepped up their spending.
View ArticleFirst Financial Bank of El Dorado to Acquire First National Bank of Wynne
First Financial Bank of El Dorado announced Thursday that it has entered into a definitive agreement to acquire First National Bank of Wynne, which has branches in Cherry Valley, Forrest City,...
View ArticleIIAA Honors Lynn Zeno, Liberty Mutual/Safeco (Movers & Shakers)
Lynn Zeno of Little Rock was awarded the Allan Kennedy Memorial Award by the Independent Insurance Agents of Arkansas. Liberty Mutual/Safeco was selected as the Company of the Year.
View ArticleFayetteville Realty Group Buys Hotel, Event Venue (NWA Real Deals)
Specialized Real Estate Group of Fayetteville has taken sole possession of Pratt Place Inn & Barn, a hotel and event venue in Markham Hill in Fayetteville.
View ArticleWLR Apartment Combo Produces $22.1M Sale (Real Deals)
An affiliate of Little Rock’s BSR Trust LLC sold the 256-unit Waterford Apartments project for $18.15 million and the 72-unit Bowman Heights project for $4 million.
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