More Baby Boomers' 401(k) Plans Not Financially Ready for Retirement
While many, even most, baby boomers haven't saved enough for retirement, those who are clients of financial advisers are in much better shape. Baby boomers between the ages of 55 and 64 haven't...
View ArticleBank of the Ozarks 3Q Net Income Up 21 Percent
Bank of the Ozarks Inc. of Little Rock announced net income for the third quarter grew by 21.3 percent to $32.1 million. Profits were backed by record quarterly net interest income of $74.6 million, a...
View ArticleFirst Security Opens LPO in Hot Springs
First Security Bank of Searcy recently opened a loan production office in Hot Springs and is still on the hunt for a location for its first full-service branch in the Garland County, according to Scott...
View ArticleHome BancShares 3Q Earnings Up 49 Percent From 2013
Home BancShares Inc. of Conway, the parent company of Centennial Bank of Conway, announced $24.7 million third quarter earnings, up 49 percent from $18.4 million for the same period of 2013.
View ArticleJanet Yellen: US Experiencing Widening Inequality
Federal Reserve Chair Janet Yellen said Friday that the last several decades have seen the most sustained rise in income inequality in a century.
View ArticleMaumelle Warehouse Attracts $11.2M Sale (Real Deals)
A 484,932-SF warehouse project in Maumelle tipped the scales at $11.2 million. Construction of a 30,000-SF office building is following a $2.3 million land deal in downtown Little Rock. And a North...
View ArticleTom Cotton and Me (Gwen Moritz Editor's Note)
If you care about these things, you know that last week I interrupted Rep. Tom Cotton, R-Ark., during his so-called “debate” against three opponents in the race for U.S. Senate in order to ask him to...
View ArticleOne Bank Takes Claims Against David Crews to Federal Bankruptcy Court
The financial tiff between David Crews and Little Rock's One Bank & Trust has shifted venues from Pulaski County Circuit Court to U.S. Bankruptcy Court.
View ArticleTop College Officials See Sizable Pay Raises
Arkansas Business reviewed the Administrator's Compensation Survey reports filed with the state Department of Higher Education for the 2010 and 2014 fiscal years. In the four-year period, the number of...
View Article16 Arkansas Public School Superintendent Jobs Top $200,000
The list includes 247 current-year superintendents of public school districts and a few charter schools, and it ranks them by the total compensation package — salary plus benefits — paid to the...
View ArticleUA Study: Well Connected CEOs Can Be Bad for Firms They Lead
A University of Arkansas study suggests that the more socially connected a chief executive officer is, the less success his firm experiences.
View ArticleThomas Longe Appointed to Home BancShares Board of Directors
Home BancShares Inc. of Conway, the parent company Centennial Bank of Conway, has appointed Thomas J. Longe to its board of directors.
View ArticleSimmons First 3Q Earnings Up 27 Percent
Simmons First National Corp. of Pine Bluff reports third-quarter earnings of $8.8 million, or 52 cents per share, up 27 percent from $6.9 million, or 43 cents per share, during the same quarter last year.
View ArticleHome BancShares Completes Purchase of Broward Financial
Home BancShares Inc. of Conway, the parent company of Centennial Bank of Conway, announced Thursday the completion of its acquisition of Broward Financial Holdings Inc.
View ArticleTurner Grain Collapse Prompts Legislation
The Arkansas Agriculture Department is working on legislation to prevent companies like Turner Grain Merchandising Inc. of Brinkley from suffering similar collapses that cost farmers millions of dollars.
View ArticleFirst National Bank of Paragould Gains Northwest Arkansas Presence (NWA Real...
First Paragould Bankshares Inc. closed on its acquisition of five former Metropolitan National Bank branches in northwest Arkansas.
View ArticleWindstream Transaction Adds Up to $8.6 Million (Real Deals)
A 30,400-SF data center shifted ownership in a sale-leaseback transaction valued at $8.6 million, and land for a future bank branch development in the Heights area of Little Rock tipped the scales at...
View ArticleNo Deal in Pinnacle Bank's Proposed Sale of Forrest City Financial
Ongoing balance sheet issues at Pinnacle Bank of Rogers led to the demise of a proposed $2.75 million acquisition in East Arkansas. Cross County Bancshares Inc. of Wynne withdrew its application to...
View ArticleHeartland Bank Finds New HQ in The Heights
The 922-SF leased facility at 5100 Kavanaugh Blvd. in the Heights area is likely the smallest bank HQ in all of Arkansas.
View ArticleMagnolia Banking Makes Texas Play in $31.8M Deal
The holding company of $884 million-asset Farmers Bank & Trust of Magnolia should complete the purchase of First National Bancshares of Hempstead County Inc. of Hope before year's end. First...
View Article