Lex Golden Sues Chambers Bank Over Failed Bank Buys
The string of litigation between Chambers Bank of Danville and Lex Golden et al has a new addition. Golden and his wife, Ellen, sued the bank in Crawford County Circuit Court alleging the lender...
View ArticleWall Street Journal: Bank of the Ozarks Fills Loan Void in Big Markets
The Wall Street Journal today takes a look at Bank of the Ozarks Inc. of Little Rock, which it says is filling a loan void in big markets like New York and Houston. The publicly traded bank, led by...
View ArticleSimmons First 2Q Net Income Up 14 Percent
Simmons First National Corp. of Pine Bluff on Wednesday announced second-quarter net income of $22.9 million, up 14 from the same quarter last year, as the company continued to integrate recent...
View ArticleHome BancShares 2Q Net Income Up 28 Percent to New Record
Home BancShares Inc. of Conway on Thursday reported second-quarter net income of $43.5 million, up 28 percent from the same quarter last year, amid $172.5 million in loan growth and another improvement...
View ArticleBear State Financial: 2Q Net Income Up 80 Percent
Bear State Financial Inc. of Little Rock on Thursday reported second-quarter net income of $4.5 million, up 80 percent from the same quarter last year, as the company completed the integration of...
View ArticleFormer Hamburg Bank Manager Sentenced to Prison for Fraud
EL DORADO - A former branch manager at a south Arkansas bank has been sentenced to 21 months in federal prison after pleading guilty to bank fraud. Melinda Gwin was also ordered Wednesday to repay...
View ArticleForeclosure Hearing Delayed Amid Possible Main Street Lofts Sale
A court hearing that would have kept the foreclosure train moving on the Main Street Lofts project was postponed Friday morning. The 11th hour move in Pulaski County Circuit Court amounted to a 60-day...
View ArticleBank of the Ozarks Seals 2 Deals, Is Biggest in Arkansas by Assets
Bank of the Ozarks Inc. of Little Rock said Thursday that it had completed a deal to buy C1 Financial Inc. of St. Petersburg, Florida, and its wholly owned bank subsidiary, C1 Bank, in all-stock...
View ArticleNorth Little Rock Apartment Land Draws $2.8M Sale (Real Deals)
A 64.5-acre tract in North Little Rock tipped the scales at $2.8 million. Richardson Properties LLC, led by Keith Richardson, purchased the undeveloped land adjoining Foothills Apartments at 2401...
View ArticleBanker Randy Scott Plays Part on East Arkansas Farm Team
Randy Scott is the president and chief operating officer of Farmers Bank & Trust in Blytheville. A 26-year veteran of banking, he has worked the last 16 years at Farmers. He was appointed to the...
View ArticleStacey Hogue Promoted at Pulaski Tech (Movers & Shakers)
Stacey Hogue was recently named chief financial officer and vice president of finance at Pulaski Technical College, replacing Pat Palmer, who retired after 35 years of service. Hogue was director of...
View ArticleChambers Bank Lands $2 Million Golden Judgment
Lex and Ellen Golden were hit with a $2 million judgment in Yell County Circuit Court on July 15. Chambers Bank of Danville received the favorable ruling in connection with the Little Rock couple’s...
View ArticleOnline Banking Rises in Use, but Arkansas Branches Remain Important
A bank’s locations used to be pretty important to customers. But with many people, especially millennials, choosing to bank on their mobile devices as they do almost everything else, the bank branch is...
View ArticleSurvey: Branch Banking in the U.S. Still a Robust Service
Bank customers continue to seek the human touch provided by bank branches, according to a survey by Protiviti, a global consulting firm based in Menlo Park, California. The survey, released late last...
View ArticleGaillardia Club Woes Spawned Phil Herrington Bankruptcy
Little Rock developer Philip Herrington believes if he sells his undeveloped lots in Oklahoma City, he will have more than enough to repay the creditors in his $13.45 million bankruptcy. Herrington’s...
View ArticleJohnny Allison Plays Market for Gains After Brexit 'Bank Sale'
Johnny Allison, the Home BancShares Inc. chairman for whom the word “colorful” was invented, loves the banking game. And it is a game to him, he said in an interview last week, albeit a serious one. If...
View ArticleAt Least One Offer Pending on John Rogers Lakewood Mansion in NLR
It looks like there’s a buyer for the foreclosed Lakewood mansion of troubled North Little Rock businessman John Rogers. “We have an offer accepted on it, and we also have a backup offer,” said Lynn...
View ArticleCreditors Force Sale of Walter Quinn's Aspen Condo
A new spiral is taking shape in the Lex Golden-Allied Bank-Walter Quinn nexus. Southern Bank of Poplar Bluff, Missouri, has sued Allied Bank over participation in a June 2010 loan to Quinn Investments...
View ArticleRegulatory Costs Hit Smaller Banks Harder, St. Louis Fed Economists Conclude...
Smaller banks really are hit harder by the cost of regulatory compliance, a report published last week concluded. Fortunately, bank regulators seem to be aware of the problem and are taking action,...
View ArticleDemo Day for VC FinTech Accelerator is Aug. 3
Seats are filling up, with more than 200 expected to attend the Venture Center's VC FinTech Accelerator's Global Investor Demo Day to be held from 1-5 p.m. Aug. 3 at the Clinton Presidential Library,...
View Article