After 9 Years, Larry Biernacki Leaves Bigger Arkansas Federal Credit Union
Arkansas Federal Credit Union was a good organization with $405 million in assets when Larry Biernacki arrived nine years ago this month. By next summer — 10 years after his arrival — AFCU is likely to...
View ArticleSurvey: Midwest Economy Growing
The economy in nine Midwestern and Plains states including Arkansas should continue growing steadily in the months ahead, according to a monthly survey of business leaders released Tuesday.
View ArticleUpdate: Insurance Agent Steve Standridge Pleads Guilty, With Caveats
Steve Standridge pleaded guilty in Texarkana to two of the 35 federal felony counts against him, but he reserved the right to withdraw the plea if the judge doesn't agree with sentencing terms.
View ArticleNo Daily Report, E-newsletters on Friday
Arkansas Business will not send the Daily Report or weekly industry e-newsletters on Friday, the Fourth of July. Arkansas Business Publishing Group offices will be closed Friday as well, reopening on...
View ArticleBank Charter Conversions Drop State's Number of Thrifts to Three
United Bank of Springdale and Benefit Bank of Fort Smith received approval from the Arkansas State Bank Department to convert from federal savings banks to state banks.
View ArticlePurchases Spur Redevelopment Of Bank Branch Sites
Two competitors recently stepped into the Pulaski County banking market to replace Metropolitan National Bank and National Bank of Arkansas. Even with the redevelopment of four NBA branches, Pulaski...
View ArticleSimmons to Donate Eudora Bank Branch to Southern Bancorp
Simmons is acquiring the branch with its pending purchase of Delta Trust & Bank but is being required under federal regulations to divest itself of the additional market share in the same Federal...
View ArticleProsecutors Plan Appeal in Case of Brandon Barber's Attorney, K. Vaughn Knight
Conner Eldridge, U.S. Attorney for the Western District of Arkansas, and First Assistant U.S. Attorney Wendy L. Johnson filed notice that they will appeal U.S. District Judge P.K. Holmes' decision to...
View ArticleBank of the Ozarks 2Q Earnings Up 30 Percent
Bank of the Ozarks Inc. of Little Rock today reported second quarter net income of $26.5 million, a 29.9 percent increase compared to 2013, and net income for the first two quarters was up more than 28...
View ArticleFarmers Bank of Magnolia Makes Deal to Buy 1st Bank of Texarkana, Texas
No price tag on the deal was included in the announcement; 1st Bank's equity capital stood at $30.9 million as of March 31.
View ArticleGreen Forest Bank Has New Name: Anstaff
Another Arkansas bank has changed its name in order to position itself for growth outside its traditional geographic area: First National Bank of Green Forest is becoming Anstaff Bank.
View ArticleAnother Record: Home BancShares' 2Q Profit Up 60 Percent
Home BancShares Inc. of Conway reports second quarter profit of $28.4 million or 43 cents per share, another record and a 60 percent increase from the $17.7 million or 31 cents per share it reported in...
View ArticleArvest Consumer Survey Shows Arkansans Mixed on Economy's Health
Arvest Bank's first consumer sentiment survey finds Arkansans have a dimmer outlook on the economy than their neighbors in Oklahoma and Missouri.
View ArticleSimmons First National 2Q Profit Up 50 Percent
Simmons First National Corp. of Pine Bluff reports a 50 percent rise in second-quarter profit, part of what CEO George Makris called a "landmark quarter" for the fast-growing financial holding company.
View ArticleArkansas Federal Credit Union Names Rodney Showmar President, CEO
Arkansas Federal Credit Union said Thursday that Rodney Showmar had been named its new president and CEO.
View ArticleHome BancShares Completes Purchase of Florida Traditions Bank
Home BancShares Inc. of Conway, the parent company of Centennial Bank, completes its previously announced acquisition of Florida Traditions Bank.
View ArticleProposal Would Raise Arkansas' Minimum Wage Rate
Arkansas' minimum wage of $6.25 an hour, which applies to all employers with four or more employees, is one of only four state minimums that remain below the federal wage of $7.25 hourly. However,...
View ArticleCarrington Complex Draws $21.5 Million Transaction (Real Deals)
A 202-unit apartment complex in west Little Rock weighed in at $21.5 million, and a 1,209-SF bank branch in west Little Rock is under new ownership after a $1.22 million sale.
View ArticleSimmons Bank's Daniel Robinson Promoted to Northeast Arkansas Community...
Daniel Robinson has been promoted from commercial loan officer to northeast Arkansas community president at Simmons Bank of Jonesboro. He joins Barry Ledbetter, who was recently promoted to regional...
View ArticleLessons Learned (Editorial)
One of our best additions to the pages of Arkansas Business in our redesign three years ago has turned out to be the weekly Executive Q&A. It's a good way of getting new voices into the paper,...
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