$11M Judgment Lands on Would-be Heartland Suitor
A California businessman who in late 2015 was going to work a deal to rescue the now-defunct Heartland Bank was hit last month with an $11 million default judgment in a lawsuit brought by CTHC Holdings...
View ArticleStocks Up Sharply on Hopes of Progress in Battling Virus
Stocks around the world jump after some of the hardest-hit areas offered sparks of hope that the worst of the coronavirus outbreak may be on the horizon.
View ArticleFederal Reserve to Smooth Lending to Small Businesses
The Federal Reserve will provide support to the government's new small business lending program in its latest attempt to smooth the flow of credit in the virus-stricken U.S. economy.
View ArticleFoundation Offers Grants to Women-Owned Businesses Affected by Virus
The Women's Foundation of Arkansas launches Women Owned, an assistance fund for women-owned small businesses experiencing economic hardship due to the COVID-19 pandemic.
View ArticleComputer Issues at SBA Said to Hold Up Small Business Loans
Small business owners hoping for quick help from the government’s emergency $349 billion lending program were still waiting Tuesday amid reports of computer problems at the Small Business Administration.
View ArticleAt Emergency March Meetings, Fed Pledged to Use Full Arsenal
Federal Reserve officials pledged at two emergency meetings last month to use their full arsenal to bolster the U.S. economy being brought to its knees by the coronavirus outbreak.
View ArticleRecord 16.8M Have Sought US Jobless Aid Since Virus
With a startling 6.6 million people seeking jobless benefits last week, the United States has reached a grim landmark: More than one in 10 workers have lost their jobs in just the past three weeks to...
View ArticleFed Rolls Out $2.3T Plan to Stabilize Economy
The Federal Reserve is taking additional steps to provide up to $2.3 trillion in loans to support the economy.
View ArticleSun Still Rises on Today's Power
Today’s Power Inc. of Little Rock, the electric co-op subsidiary that builds solar power stations, is making hay while the sun shines.
View ArticleBank On Arkansas+ Helping Unbanked, Underbanked Get Federal Aid
Bank On Arkansas+ is offering access to certified checking accounts to ensure Arkansans are able to receive their Coronavirus Aid, Relief, and Economic Security (CARES) Act relief in a timely manner.
View ArticleArkansas Banks Approve $2B in PPP Loans
Arkansas banks had approved approximately 15,000 loans worth more than $2 billion as part of the federal Paycheck Protection Program as of Tuesday, the Arkansas Bankers Association announced.
View ArticleWebinar: FAB&T, Wright Lindsey Jennings Offer Help Navigating the CARES Act
First Arkansas Bank & Trust, Wright Lindsey Jennings and Arkansas Business will present a free webinar about how small businesses can take advantage of the federal CARES Act amid the COVID-19 crisis.
View ArticlePandemic, Accounting Change Wipe Out Most of Home BancShares' 1Q Earnings
The coronavirus pandemic and a change in accounting standards forced Home BancShares Inc. of Conway to reserve an extra $77 million for potential loan losses, sending first-quarter earnings down by...
View ArticlePPP on Hold After Reaching Lending Limit
The government’s lending program for small businesses is tapped out, and business owners who still need loans are waiting on Congress to approve more funding.
View ArticleArkansas Unemployment Rises to 4.8% in March
Arkansas' unemployment rate rose one and three-tenths of a percentage point to 4.8% last month due to the COVID-19 pandemic, according to a report released Friday by the Arkansas Division of Workforce...
View ArticleThomas Takes Over Management Spot at FNBB (Movers & Shakers)
Herbert Thomas has been promoted to senior vice president, relationship manager for First National Bankers Bank in Little Rock.
View Article$5.6M Awarded in Turner Grain Arbitration
There’s some good news to report for creditors in the bankruptcy case of Turner Grain Merchandising Inc. of Brinkley.
View ArticlePandemic Pushes HR Leaders to Make Quick Adjustments
The COVID-19 pandemic is forcing human resources managers to adapt quickly to deal with an onslaught of issues, several interviews revealed.
View ArticleSporting Goods Stores Struggle During COVID-19
After a spurt of gun and ammo sales at the beginning of the pandemic, sporting goods stores are just waiting for the end.
View ArticleSimmons First Earned $77M in 1Q
Simmons First National Corp. of Pine Bluff, the holding company for Simmons Bank, reports second-quarter net income of $77.2 million, up more than 60 percent from the same period last year.
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