Fed's Odd Dilemma: Low Unemployment But Pressure to Do More
With the nation's unemployment rate at its lowest point since the 1960s, you might expect the Federal Reserve to be raising interest rates to keep the economy from overheating. Yet the Fed is moving in...
View ArticleFour to Join Arkansas Business Hall of Fame
Four business leaders who have made contributions to the banking, construction, publishing and real estate industries will be inducted into the Arkansas Business Hall of Fame on Feb. 7 at the...
View ArticleArkansas Business Announces CFO Finalists, Tickets Info
Arkansas Business' 2019 CFO of the Year finalists and Lifetime Achievement Award winners will be recognized at a luncheon on Thursday, Nov. 7, at the Embassy Suites in Little Rock.
View ArticleBob Roberts Named COO at Legacy Capital (Movers & Shakers)
Bob Roberts, a former CFO of Baptist Health, is now chief operating officer of Legacy Capital.
View ArticleWLR Petsmart Project Attracts $4.2M Acquisition (Real Deals)
An investment group composed of companies led by Haitham Alley and Bradley Davis purchased the Petsmart-Banfield Pet Hospital at 11400 Financial Centre Parkway.
View ArticleNonprofits Targeting Wealth of Boomers
As the youngest baby boomers close in on retirement and begin to contemplate what their legacies will be, nonprofits and universities are looking to consistent donors for their slice of an expected...
View ArticleSimmons Bank Launches Mobile App
Simmons Bank launched a new mobile app Wednesday that was developed in collaboration with Jack Henry’s Banno software and led by recently recruited Alejandro “Alex” Carriles.
View ArticleFed's 'Beige Book' Survey Finds US Economy Hurt by Trade Battles
The U.S. economy was expanding at a modest pace in September and into October despite the fact manufacturing was being hurt by rising trade tensions and weaker global growth while adverse weather was...
View ArticleThe Fed Approves Merger of Farmers, Bank of Prescott
The Federal Reserve Board has approved the previously announced merger of the $67 million-asset Bank of Prescott with the $1.6 billion-asset Farmers Bank & Trust of Magnolia.
View ArticleHome Bancshares' 3Q Profit Down 9%
Home Bancshares Inc. of Conway reports third-quarter net income of $72.8 million, down 9 percent from the same quarter last year.
View ArticleTruService Community Federal Credit Union Buys NLR Branch
TruService Community Federal Credit Union of Little Rock has closed on its $310,000 purchase of a new branch at 4140 JFK Blvd. in North Little Rock.
View ArticleThree Banks Offering $30M in Loans for Springdale Projects
Arvest Bank, United Bank and First Security Bank will work with the Downtown Springdale Alliance to make available a total of $30 million to small businesses and investors for Downtown Springdale...
View ArticleArkansas' Jobless Rate Rose to 3.5% in September
Arkansas' seasonally adjusted unemployment rate rose one-tenth of a percentage point, from 3.4 percent in August to 3.5 percent in September, the state Division of Workforce Services reports.
View ArticleFed's Robert Hopkins Observes No Reverse on Tech at Reserve
Robert Hopkins, the chief of the Little Rock branch of the Fed in St. Louis, says the recession taught him some important lessons.
View ArticleU.S. Household Debt Reaches $13.67 Trillion
Household debt in the United States rose for the 19th straight quarter, reaching $13.67 trillion as of March 31. It’s now 7.8% or $993 billion higher than the previous peak of $12.68 trillion, reached...
View ArticleWilliams, Yarnell Named to Top Slots for Union Bankshares (Movers & Shakers)
Kevin Williams has been appointed president of Union Bank of Mena, and Jarrod Yarnell has been named chief executive officer of Union Bankshares, the holding company for Union Bank and First National...
View ArticleBlinds Business Sale Opens Window to Lawsuits, Bankruptcy
The $2.9 million sale of a Benton County custom blinds company has left wreckage in its wake, with the buyers filing for personal bankruptcy and the sellers suing the deal’s broker, alleging fraud.
View ArticleNumber of Smallest of the Small Banks Continues to Dwindle in Arkansas
Since 2009, continued attrition that extended to Arkansas banks of all sizes further reduced the headcount of the smallest of the small.
View ArticleSAFE Banking and Cannabis (Dan Roda Commentary)
SAFE Banking will also enable more banks to begin offering conventional loan products to cannabis operators, with a lower cost of capital than currently available from the mostly nonbank lenders...
View ArticleSmall Arkansas Banks Plow Onward in Face of Attrition
If an annual trophy was given for the Arkansas bank voted least likely to survive, Community State Bank in Bradley could very well be a multiyear winner.
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