Albert Solaroli Due To Be Sentenced in One Bank Case
Albert Solaroli, the Florida businessman who pleaded guilty last April to money laundering related to an infamous $1.5 million loan from One Bank & Trust, is scheduled to be sentenced Thursday by...
View ArticleNational Charter Conversions to State a One-Way Street
Most regulated industries don’t get to choose who regulates them, but, to a limited degree, banks do. And while the door can swing both ways, in reality the traffic has flowed in one direction:...
View ArticleCentral Arkansas Economy Shows Growth in 2015
The economic recovery in central Arkansas accelerated in 2015, with job growth surpassing the national average since March, said Metroplan, the federally designated planning agency for Pulaski,...
View ArticleUS Bank's Michael A. Shelley on Banking in Arkansas, Singing in Alabama
As State President of U.S. Bank, Michael A. Shelley is responsible for commercial, consumer and trust banking throughout Arkansas. He has more than 30 years of experience as a commercial banking...
View ArticleState Bank Department Promotes Andrew McCormick
Andrew McCormick has been promoted to bank junior examiner by the Arkansas State Bank Department. McCormick is a commercial examiner assigned to one of two groups based in Little Rock. He was hired at...
View ArticleBlake Fletcher Joins Stone Bank in LR
Blake Fletcher has been hired as senior lending officer for the new Little Rock loan production office of Stone Bank of Mountain View. Fletcher is a Lonoke native and a graduate of theUniversity of...
View ArticleCrews' Derek Whitehead Moves to Conway
Derek Whitehead has been named account executive in the Conway office of Crews & Associates of Little Rock. He has been an account executive in Crews’ Little Rock office for six years. He is a...
View ArticleArvest Promotes David McBee, Keri Yarbrough
David McBee has been promoted to branch administrator at Arvest Bank in Yellville, and Keri Yarbrough has been promoted to private banking adviser at Arvest in Conway. McBee, a native of Mountain Home...
View ArticleTwin Lakes Sale Closes At $15.3M, 1.42x Book
The sale of Twin Lakes Community Bank of Flippin (Marion County) marked the fourth Arkansas lender to change hands during 2015 for a book value multiple in the 1.34-1.45 range. The $112 million-asset...
View ArticleNLR Chuy's Rings Up $4.5M Transaction (Real Deals)
The sale of a North Little Rock eatery tipped the scales at $4.5 million. Vera Cruz Properties Ltd. of San Marcos, California, bought the Chuy’s restaurant at 5105 Warden Road from NLR Palio Partners...
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Big Arkansas Banks Gear Up For $10B Threshold
Not long ago, crossing the $10 billion-asset threshold for a bank was merely a big round-number achievement. Now, however, banks surpassing $10 billion in assets face additional costs, fee restrictions...
View ArticleLittle Rock Chamber Appoints Paul Latture as VP
The Little Rock Regional Chamber of Commerce announced Wednesday that Paul Latture will begin work immediately as vice president of economic development as well as executive director of the Metro...
View ArticleHome BancShares 4Q Net Income Up 25 Percent
Home BancShares Inc. of Conway on Thursday announced fourth-quarter net income of $37.4 million, up 25 percent from the same quarter last year and its 19th straight quarter of record profit. The...
View ArticleSimmons First 4Q Net Income Up 90 Percent
Simmons First National Corp. of Pine Bluff on Thursday reported fourth-quarter net income of $23.9 million, up 90 percent from $12.6 million it reported in the same quarter last year. Diluted earnings...
View ArticleA Matter of Life in Debt (Editorial)
Later this week, Dennis Smiley is scheduled to be sentenced for bank fraud. If you want to know how a market-level bank president ended up owing $6 million to every other bank in northwest Arkansas,...
View ArticleOklahoma Bank Registers $3M Judgment Against Phil Herrington
Did you know a $3 million judgment in Oklahoma City recently followed Phil Herrington back to Little Rock? The judgment was registered in Pulaski County Circuit Court against Herrington along with his...
View ArticleNew List of Shopping Centers Shows Trend
In 2006, the last time Arkansas Business published a list of the largest shopping centers in the state, University Mall in Little Rock was still open and Pinnacle Hills Promenade in Rogers was the big...
View ArticleJudge Approves Sale of John Rogers Photos
One of the historic treasures of early 20th century major league baseball is headed toward the auction block, but conflicting claims on the famed Conlon Collection still await courtroom resolution....
View ArticleAs Sentencing Approaches, Dennis Smiley Attorney Says Banks Share Responsibility
(This article has been edited for clarity. See end for details.) H. Dennis Smiley Jr., the former president of Arvest Bank’s Benton County market, expects to go to federal prison after he is sentenced...
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A Master Class in Feedback (Barry Goldberg On Leadership)
Every year, 25 to 30 aspiring singers participate in local auditions for the New York Metropolitan Opera. The judges are deeply experienced opera professionals who are credentialed by the Met to judge...
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