Self-Employed Predominate in Agriculture, Construction
Self-employed Americans and those whom they hired accounted for 44 million jobs in 2014, according to the Pew Research Center. “The self-employed, 14.6 million in all, represented 10% of the nation’s...
View ArticleWal-Mart's Greg Foran No. 1 In Exec Pay At $19.5M
Thanks to Wal-Mart’s policy of front-end loading stock awards for top executives, Greg Foran was the higest paid executive in Arkansas during 2014. Foran received stock awards in April 2014 for his...
View ArticleCitizens Purchase of Parkway Set to Close At 1.41x Book
The sale of Parkway Bankshares Inc. of Portland (Ashley County) to Citizens Bancshares of Batesville Inc. will close at $21.8 million. The math of the all-cash transaction for the parent company of the...
View Article$4.9 Million Judgment Filed Against Walter Quinn
Remember the settlement we told you about in July that Little Rock businessman Walter Quinn hoped to work out in a federal lawsuit in Tulsa? Things did not work out. Prosperity Bank of El Campo, Texas,...
View ArticleBank of the Ozarks to Sell 2M Company Shares
Bank of the Ozarks Inc. of Little Rock said Tuesday that it will sell more than 2 million shares of common stock at a price of $52.42 per share — about $110 million. The stock offering, expected to...
View ArticleWal-Mart to Launch Own Mobile Pay System
NEW YORK - The mobile payment wars are heating up. Wal-Mart Stores Inc., the world's largest retailer, said it's launching its own mobile payment system that will allow shoppers to pay with any major...
View ArticleUnited Bank Names Paige Mulhollan CFO
United Bank of Springdale named Paige Mulhollan as chief financial officer and senior vice president. Mulhollan, a former Fayetteville resident, has more than 30 years of banking experience. He joins...
View ArticleBancorpSouth Adds Jeff Cude to Fayetteville Office (Movers & Shakers)
Jeff Cude has joined BancorpSouth Bank as a senior vice president and senior lender in the Fayetteville branch. Cude brings 26 years of experience in the financial industry with a focus in commercial...
View ArticleList of Top Stockholders in Arkansas Sees Retailers' Stock Fortunes Plummet
It’s safe to say no Walton or Dillard will go hungry, but 2015 has not been kind to the family fortunes of Arkansas’ retail giants. Actually, the year started out spectacularly for the families that...
View ArticleJudge Dismisses 4-Count Indictment Against Tom Whitehead
The four-count criminal indictment against former One Bank & Trust executive Tom Whitehead was dismissed Thursday by U.S. District Judge Kristine G. Baker at the request of federal prosecutors....
View ArticleArvest Survey: Low Gas Prices Help Arkansans Increase Savings
Arkansas consumers increased their savings rates between March and September thanks to lower gas prices, and they expect to take on more auto loans and credit card debt in the next six months. Those...
View ArticleBill Dillard III to Moderate UA Business Forecast Luncheon
Regional, national and international experts will discuss the economic outlook for Arkansas, the nation and the world at the 22nd annual Business Forecast luncheon. The event, coordinated by the Center...
View ArticleUS Consumer Prices Unchanged But Core Inflation Up
WASHINGTON — U.S. consumer prices were unchanged in November as declines in energy and food held down overall costs. But core inflation was up 2 percent over the 12 months ending in November. That was...
View ArticleFederal Reserve Hikes Key Interest Rate, Sees 'Gradual' Increases Ahead
WASHINGTON — The Federal Reserve is raising interest rates after seven years of record lows. But it's signaling that further rate hikes will likely be made slowly as the economy strengthens further and...
View ArticleFIS to Bring FinTech Accelerator to Little Rock
FIS will sponsor a startup accelerator in Little Rock devoted to financial technology, CEO Gary Norcross announced Thursday. Norcross, delivering the keynote address to the 150th annual meeting of the...
View ArticleBob King Named Community Bank President at Bank of Fayetteville
Farmers & Merchants Bank of Stuttgart on Friday named Bob King its community bank president for The Bank of Fayetteville, which Farmers purchased in November. "We have full-faith and confidence in...
View ArticleGood People Of Business (Editorial)
The Ghost … clanked its chain so hideously in the dead silence of the night, that the Ward would have been justified in indicting it for a nuisance. “’Oh! captive, bound, and double-ironed,’ cried the...
View ArticleSibling Land Dispute, Glasgow Discovery Drove Clicks in 2015
A long-running sibling dispute involving the national president of Ducks Unlimited that culminated in a multimillion-dollar land sale was the most-read story on ArkansasBusiness.com in 2015. Senior...
View ArticleKansas City Group Pays $30M for Stoneleigh Centerton, Stadium Apartments (NWA...
A real estate firm in Kansas City, Missouri, paid nearly $30 million for two apartment complexes in northwest Arkansas. Block Funds, led by Kenneth Block, paid $22.5 million for the Stoneleigh...
View ArticleCentennial Bank Submits Plans for Midtown Branch in NYC
Remember back in the spring when Centennial Bank of Conway bought a big portfolio of commercial loans? The accompanying plans for a commercial loan operation housed in New York are continuing to...
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