Citizens Bank Not Cooling Off in Hot Springs
Last week’s news that Citizens Bank of Batesville is buying Parkway Bank of Rogers should surprise exactly no one who has been watching Citizens since Phil Baldwin was hired as CEO two years ago....
View ArticleRelyance Bank To Add New Little Rock Location in 2016
Relyance Bank of Pine Bluff is gearing up for its third Little Rock branch. “We’re shooting for the end of January, first of February,” CEO Chuck Morgan told Whispers last week. Relyance bought the...
View ArticleBank of the Ozarks' $800M Deal Gives It Big Presence in Georgia
Bank of the Ozarks' record-setting deal to buy Community & Southern Bank of Atlanta will mean the bank George Gleason built will have almost as many branches in Georgia as it has in Arkansas. The...
View ArticleArkansas Unemployment Drops to 5.2 Percent; Construction Strong
Arkansas’ seasonally adjusted unemployment rate dropped two-tenths of percentage point, from 5.4 percent in August to 5.2 percent in September. The Arkansas Department of Workforce Services said...
View ArticleSimmons First 3Q Net Income Up 145 Percent
Simmons First National Corp. of Pine Bluff on Thursday reported third quarter net income of $21.6 million, up 145 percent from $8.8 million in the same quarter last year. The company reported earnings...
View ArticleAnstaff Bank to Acquire Twin Lakes Community Bank at Flippin
First National Bancorp Inc. of Green Forest (Carroll County) has reached an agreement to expand its north Arkansas footprint eastward by acquiring a $109 million-asset bank. Terms of the deal for Twin...
View ArticleJohn Tipton Promoted at Home BancShares (Movers & Shakers)
John “Stephen” Tipton was recently promoted to chief operating officer of Home BancShares Inc. of Conway and its subsidiary, Centennial Bank. Tipton previously served as a regional vice president for...
View ArticleIberiaBank's Pete Yuan on Regulation's Fine Line Between Helping and Hindering
Pete Yuan, in his role as president of IberiaBank’s Arkansas region, also is responsible for the bank’s title business, operated under Lender’s Title, United Title and American Abstract. Yuan, who has...
View ArticleJohnny Allison Not Shy About Tooting His Own Horn
Johnny Allison considered the first-time quarterly posting of a sub-40 percent efficiency ratio at Home BancShares Inc. worthy of some celebratory skylarking and corporate levity. About 20 minutes...
View ArticleBig Data Means Big Business for Arkansas Banks
It’s difficult to get your head around big data. In fact, it might be impossible, even with today’s superfast computer processors and scores of scary-smart programmers trying to do just that. “I tell...
View ArticleBank Wants Back John Rogers SUV Sold for $100
On paper, someone got an automotive bargain at a public auction two months ago. However, a high bid of $100 for an SUV once owned by alleged serial fraudster John Rogers is now in controversy. First...
View ArticleFirst Security Bank First in Faulkner County
This week, Arkansas Business takes a deep dive into bank deposit market share in the 19 counties with the largest total deposits. If you aren’t a bank geek, it might make your eyes cross. But we did...
View ArticleDeposits Grow as Number of Arkansas Banks Shrinks
Bank deposits in Arkansas grew by 5 percent in the 12 months that ended June 30, according to the annual summary of deposits released Sept. 28 by the Federal Deposit Insurance Corp., a pace somewhat...
View ArticleArkansas Bankers Engage in Efficiency Contest
In 2008, the leadership at Home BancShares Inc. of Conway set its sights on achieving a sub-40 percent efficiency ratio. Seven years later, the $8.5 billion-asset bank holding company made the mark in...
View ArticleFirst Bank Settles on New Name: Generations Bank
Harrell Bancshares Inc. of Camden announced Wednesday that it plans to rename its bank subsidiary from First Bank to Generations Bank. First Bank, which is chartered at Hampton, was originally called...
View ArticleFed Keeps Rate at Record Low But Will Consider December Hike
WASHINGTON — The Federal Reserve is keeping its key short-term interest rate at a record low in the face of a weak global economy, slower U.S. hiring and subpar inflation. But it signaled the...
View ArticleSimmons First Completes $21M Deal for Ozark Trust
Simmons First National Corp. announced Friday that it had completed the acquisition of Ozark Trust & Investment Corp. of Springfield, Missouri. The $20.7 million cash and stock deal to buy the...
View ArticlePhillip Partain Named Saline County Community President by Arvest (Movers &...
Phillip Partain has been named Saline County community president by Arvest Bank of Fayetteville. A Benton native and 20-year bank industry veteran, Partain previously held the position of vice...
View ArticleWLR Office Building Draws $4.5M Sale (Real Deals)
A 33,720-SF office building in west Little Rock tipped the scales at $4.5 million.Elman Little Rock Associates LLC of New York bought the 333 Executive Court Building from KRL Properties LLC, led by...
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You're Not From Around Here, Are You? (Gwen Moritz Editor's Note)
Last week, the board of directors of the Global Alliance for Banking on Values met in Little Rock, and members of its North American chapter visited Helena and Clarksdale, Mississippi. Southern Bancorp...
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