Gary Head: Smiley Told Me He'd Made Mistakes
Gary Head, chairman, president and CEO of Fayetteville's Signature Bank of Arkansas, says he learned of the multimillion-dollar loan scandal involving Dennis Smiley Jr. in a phone call from Smiley...
View ArticleFirst Security Bank Forecloses on Dennis Smiley Home
First Security Bank of Searcy files a foreclosure lawsuit on a $200,000 loan secured by Dennis Smiley's home in Rogers.
View ArticleDetails of Delinquent Dennis Smiley Loans
Ten banks that loaned money to Dennis H. Smiley Jr. included details about their claims in court filings. Total outstanding on the 20 loans is nearly $2 million.
View ArticleBonding Company Gets OK To Garnish Portion of Joyce Judy's Paycheck
Cumis Insurance Society Inc., the bonding company that was stung by Joyce Judy, will start to recover some of the money she swiped when she was president of the Arkansas Employees Federal Credit Union...
View ArticleDisaster Planning Should Start Early
After a disaster strikes is not the time for the business owner to develop a plan to reopen the company.
View ArticleJerry Claret Moves Up at Nations Equipment Finance (Movers & Shakers)
Jerry Claret has been hired as senior vice president of business development at Nations Equipment Finance, serving Alabama, Arkansas, Florida, Louisiana, Mississippi and Oklahoma. Claret was previously...
View ArticleSimmons First Expects More Merger Expenses
You may have missed this in Simmons First National Corp.'s second-quarter numbers, but it spent $2.6 million on merger-related costs for the quarter that ended June 30.
View ArticleBank of the Ozarks, Home BancShares Among Top Performing Banks
The second and third largest banks in Arkansas were recognized as some of the top performers in Bank Director magazine's 2014 Bank Performance Scorecard.
View ArticleArkansas Innovation Leaders Meet with US Commerce Official
A "who's who" of Arkansas business and innovation leaders joined Delta Regional Authority co-chair and Arkansas native Chris Masingill and U.S. Assistant Secretary of Commerce for Economic Development...
View ArticleClarion Hotel Medical Center Recycled for $5M (Real Deals)
A 262-room hotel in midtown Little Rock changed hands in a $5 million foreclosure sale. The 5.22-acre development was tied to a November 2003 mortgage of $14 million held by Jonesboro's Liberty Bank of...
View ArticleTurner Grain Possibly Tilting Toward Bankruptcy
Sources say Turner Grain Merchandising Inc. of Brinkley is on the verge of filing for bankruptcy protection.
View ArticlePublic Company Board Service Can Mean Lots of Work and Risk
This week we list all directors of 19 publicly traded companies headquartered in Arkansas and the compensation they received for service on the boards in the most recent fiscal year. It's work that's...
View ArticleSouthern Bancorp to Buy Mississippi's Smallest Bank
Southern Bancorp Inc. of Arkadelphia announced Tuesday a plan to buy the smallest bank in Mississippi, the Bank of Bolivar County.
View ArticleLast Chance to Nominate Candidates for Arkansas Business' 20 in Their 20s List
Nominations are being accepted for the list of the state's most influential young professionals, "The New Influentials: 20 in Their 20s."
View ArticleBank of America Agrees to Nearly $17B Settlement
The government has reached a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, the Justice Department...
View ArticleLR Retail Centers Draw $6.1 Million Transaction (Real Deals)
Two retail projects in southwest Little Rock tipped the scales at $6.1 million. Geyer Springs Shopping Center LLC of Brooklyn, New York, bought its namesake 152,852-SF property at 8717 Geyer Springs...
View ArticleIberiaBank Sheds Springdale Business Center for $1.78M
An OREO property of IberiaBank since 2011, the Springdale Business Center was purchased by Hillcrest Holdings LLC of Fayetteville, led by Robert Morgan and Gary Nichols.
View ArticleArvest Consumer Survey: Arkansans Have Debts, Saving Rates Similar to Region
Arkansas consumers have similar debts and saving rates to their neighbors in Missouri and Oklahoma, according to the final release of the first Arvest Bank Consumer Sentiment Survey.
View ArticleIn Lawsuit, Arvest Bank Seeks $467K From Dennis Smiley Jr.
Arvest Bank of Fayetteville has sued to collect more than $467,000 in delinquent debt associated with its former Bentonville market president Dennis Smiley. Arvest's actions make it the 11th bank to...
View ArticleFormer Little Rock Tax Preparer Pleads Guilty; Scam Cost Government $1.1M
Christopher T. Craig pleaded guilty to just two cases of diverting tax payments to himself, but he admitted that the loss to the government was much greater.
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