Simmons First Completes Missouri, Tennessee Aquisitions
The acquisition of Liberty Bank of Springfield, Missouri, and First State Bank of Union City, Tennessee, pushes the holding company's assets to $7.6 billion.
View ArticleCentennial Bank Acquires Florida Branches in FDIC-Assisted Deal
Centennial Bank said Friday that it has acquired the Florida Panhandle deposits and assets of a Puerto Rican bank that was shut down by the Federal Deposit Insurance Corp.
View ArticlePyramid Transaction Adds Up to $2.9M (Real Deals)
A 17,192-SF commercial project in west Little Rock weighed in at $2.9 million. More than 168 acres near Maumelle are under new ownership after a $1.2 million foreclosure sale. And an 11.5-acre...
View ArticleTexas Ratios Mostly Improve For Lenders
Seven Arkansas lenders recorded Texas Ratios higher than 50 during the third quarter in 2014. Four of those improved their balance sheet by year's end to fall below that line.
View ArticleTurner Grain Trustee Asks for Chapter 7 Liquidation
Acting United States Trustee Daniel Casamatta says keeping the company in Chapter 11 is just costing the company additional administrative expenses.
View ArticleNine Billionaires with Arkansas Ties Make Forbes 500 List
Nine billionaires with Arkansas ties find themselves on the most recent Forbes 500 list of the world's richest people, released this week.
View ArticleCentennial Bank Names Greg Sanson Division President
Centennial Bank has named Greg Sanson its division president for Centennial's Conway, north central Arkansas and Alabama divisions, according to Tracy French, the bank's CEO.
View ArticleGrand Jury Indicts 4 Tied to One Bank Loans to Alberto Solaroli
A grand jury indictment names a quartet of former top executives at One Bank & Trust in an alleged conspiracy to defraud the federal government. A 20-page superseding indictment filed in Little...
View ArticleADFA Invests $5M in Atlanta's Noro-Moseley Partners, Early Investor in Acumen...
Noro-Moseley is a venture-capital fund that has been increasing its activity in Arkansas. In 2010, it invested $3.5 million in Fayetteville's Acumen Brands.
View ArticleAverage US Rate on 30-Year Mortgage Drops to 3.75 Percent
Average long-term mortgage rates have fallen for the first time in four weeks and remain near historic lows reached in May 2013.
View ArticleGander Mountain Draws $7.2 Million Transaction (Real Deals)
The sale of a 123,872-SF store in Sherwood tipped the scales at $7.2 million. A 25,000-SF office-warehouse facility in North Little Rock weighed in at $2.19 million. And the location for a convenience...
View ArticleArkansas Blue Cross Blue Shield Promotes Two (Movers & Shakers)
Dan Stevens has been named director of provider network operations with Arkansas Blue Cross & Blue Shield in Little Rock and Joy Evans has been named director of internal operations training.
View ArticleAnstaff CEO Steve Stafford Recovering from Heart Surgery
Stafford, 65, is the CEO and chairman of Anstaff Bank, formerly known as First National Bank of Green Forest. Stafford was at the Cleveland Clinic for his annual checkup on his aorta, which was...
View Article‘Sovereign' Actions Delay, Fail to Stop Foreclosures
Two long-running foreclosure actions involving the west Little Rock homes of similarly named brothers are winding down as their legal maneuverings are playing out.
View ArticleJustices Side with Labor Department in Overtime Pay Dispute
The Supreme Court has sided with the Obama administration in upholding a rule making mortgage brokers eligible for overtime pay under federal labor law.
View ArticleFormer Fayetteville Business Owner Found Guilty of Bank Fraud
A U.S. District Court jury in Fayetteville found the former owner of a defunct Fayetteville leasing company guilty Monday of two counts of bank fraud against First Security Bank.
View ArticleCrop Prices Create New Lending Landscape
Starting in July, soybean contracts started downward, hovering between $9.60 and $10 per bushel for the rest of the year. Bumper crops certainly depressed prices and uncertainties tied to federal farm...
View ArticleState Treasurer Dennis Milligan Pays $1,000 Fine for Hiring Relative
Arkansas Treasurer Dennis Milligan has agreed to pay a $1,000 fine for hiring his cousin to work in the treasurer's office and is reimbursing the state nearly $7,000 in salary his cousin was paid.
View ArticleMillie Ward of Stone Ward on 40 Years in Advertising
Millie Ward, president of Stone Ward of Little Rock, has been in the advertising business for 40 years and she was recently inducted into the University of Arkansas Business Hall of Fame. But spend any...
View ArticleDowntown Residence Inn Draws $17.5 Million Sale (Real Deals)
Ownership of a 107-room hotel in downtown Little Rock shifted in a transaction valued at $17.5 million. The sale of a west Little Rock auto dealership weighed in at $6.4 million. And an 11,910-SF...
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