Park Plaza at Risk in Mall Foreclosure Era
Even before the coronavirus upended the world, malls were struggling to attract customers. Now the situation is worse.
View ArticleApply Now for Arkansas Business' Executive Leadership Academy
Arkansas Business will host its first virtual Executive Leadership Academy this fall. Applications are now open and the deadline to apply for the program is July 31.
View ArticleArkansas Capital Corp. Awarded $35M in New Markets Tax Credits
Arkansas Capital Corp. of Little Rock announced Wednesday that it has, once again, received $35 million in federal New Markets Tax Credits allocations.
View ArticleGet Tickets Now for Next Week's Live-Streamed 40 Under 40 Event
Arkansas Business is offering tickets now for its first live-streamed 40 Under 40 event, scheduled for 11:45 a.m. July 22.
View ArticleHome BancShares Calls 2Q 'Best' in 20 Years
Home BancShares Inc. of Conway reports what it calls the best quarter in its 20-year history, recording record revenue and net interest income while net income fell 13%.
View ArticleLittle Rock Woman Arrested for Defrauding PPP
A Little Rock woman was arrested late Thursday for allegedly defrauding the Paycheck Protection Program out of nearly $2 million in loans.
View ArticleFederal Reserve Expands Lending Program to Nonprofit Groups
The Federal Reserve has opened one of its lending programs to nonprofit groups, including hospitals, educational institutions, and social service organizations.
View ArticleArkansas Unemployment Drops to 8% in June
Arkansas' seasonally adjusted unemployment rate declined to 8% in June from 9.6% in May, the state Department of Workforce Services reported Friday.
View ArticleAs New Bankers Chair, Jon Harrell of Generations Lists Priorities
Jon Harrell, the CEO of Generations Bank, says the pandemic has allowed community banks to demonstrate their value.
View ArticleNonperforming Loans Far Better Than 2009-10
In 2019, only 0.89% of the loans that banks in the United States held were nonperforming, a big improvement compared with the 5.3% of nonperforming loans in the aftermath of the financial crisis of...
View ArticleArkansas Lenders Count the Cost of Grace
Arkansas bankers are wading into the numbers to gauge the health of their loan portfolios after extending an opening round of financial grace to customers.
View ArticleQuapaw House Insolvent, Former Receiver Says
Quapaw House Inc., the troubled Hot Springs drug and alcohol treatment provider, has no employees, no open locations and no receiver nowadays, a lawyer for the company says, though it does have more...
View ArticleHMS Pays $15.1M for Port Property
Industrial property in east Little Rock, convenience stores in west Little Rock and North Little Rock, duplexes in Faulkner County and more form this week’s conga line of million-dollar real estate...
View ArticleCalifornia Man Indicted for Pulling $2.4M Scam on ArDOT
At first glance, a construction company’s request in 2016 to change its direct deposit account information on file at the Arkansas Department of Transportation seemed legitimate.
View ArticleArkansas Bankers Seize a National Moment
George Floyd’s death in May in Minneapolis set off protests against police brutality and racism nationwide, but it had an unforeseen effect on Arkansas banking.
View ArticleSimmons First Earned $58.8M in 2Q
Simmons First National Corp. of Pine Bluff (Nasdaq: SFNC), the holding company for Simmons Bank, on Tuesday reported second-quarter net income of $58.8 million, up 5.7% from the same period last year.
View ArticleUS Long-Term Mortgage Rates Rise; 30-Year at 3.01%
Average rates on long-term mortgages rose this week for the first time since June 25, after weeks of marking new record lows.
View ArticleBank OZK 2Q Profit Falls By 54%
Bank OZK of Little Rock on Thursday reported second-quarter net income of $50.3 million, down 54.5% from $110.5 million it reported in the same quarter of last year.
View ArticleBe Careful Out There (Gwen Moritz Editor's Note)
A $2.4 million scam perpetrated against the Arkansas Department of Transportation is a particularly useful case for business executives to consider since it involves a simple, unsophisticated and yet...
View ArticleFMB Doubles Its Presence in Jonesboro
A year after entering Jonesboro’s $2.6 billion-deposit market, Farmers & Merchants Bank of Stuttgart is expanding its branch network with a second location.
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