Arkansas Employers Help With Retirement Advice, Tools
David George doesn’t apologize for using scare tactics when he gives seminars at part of the Investor Education Program for the Arkansas Securities Department. George worked 30 years in the financial...
View Article'Problem Assets' Spur Fundraising at Heartland Bank
Did you know Rock Bancshares Inc. of Little Rock, the parent company of Heartland Bank, is raising $3 million? The money will be used “to meet the working capital needs of the holding company while...
View ArticleSPONSORED: New Regulations Affect Trustees Of Retirement Plans
Being a trustee of our company retirement plan reminds me of the Biblical character Job, who asked, "Where shall wisdom be found and where is the place of understanding?” Retirement plan administration...
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3 Things Every Business Should Know About Attorney-Client Privilege (Rodney...
Businesses, especially small businesses, have limited resources within the business to address risks and challenges, and the prospect of involving someone outside the business causes privacy concerns....
View ArticleMike Malone Stepping Down As Northwest Arkansas Council CEO
Mike Malone announced he will leave the Northwest Arkansas Council where he has served as president and CEO of the nonprofit since 2006. Malone will stay with the council until mid-September when he...
View ArticleHoliday Inn Express Sale Checks In at $5.1 Million (Real Deals)
A 69-room hotel in North Little Rock weighed in at $5.15 million. CDRN NLR LLC, led by Ishverbhai Govind, purchased the Holiday Inn Express at 4306 E. McCain Blvd. The seller is Kilpatrick Hotels Two...
View ArticleOK Foods Promotes Pair in Fort Smith (Movers & Shakers)
Amy Szadziewicz has been promoted to vice president of quality and food safety at OK Foods Inc. of Fort Smith, and Brent Glasgow has been promoted to vice president of operations. Both are previous...
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Presumed Innocent (Gwen Moritz Editor's Note)
I hope you got a chance to read Senior Editor Mark Friedman’s law column last week, which belatedly broke the news that federal prosecutors in Little Rock had quietly dismissed last month all remaining...
View ArticleBank of the Ozarks Getting Ready for Groundbreaking on New HQ
Remember the new corporate headquarters development in the works for Bank of the Ozarks in west Little Rock? You know, the one we told you about in January? The $17.9 billion-asset lender acquired more...
View ArticleFederal Reserve Orders Allied Bank to Improve Equity Capital or Sell
Allied Bank of Mulberry (Crawford County) was ordered to take action to improve its equity capital or strike a deal to sell during the next 30 days. The Federal Reserve Bank of St. Louis issued the...
View ArticleYellen, in Speech Friday, Could Send Signal About Next Hike
WASHINGTON — The job market is humming, and so are the U.S. financial markets, with major stock indexes near record highs. All that would normally trigger a green light for the Federal Reserve to raise...
View ArticleAverage US 30-Year Mortgage Rate Unchanged at 3.43 Percent
WASHINGTON — Long-term U.S. mortgage rates didn't budge this week, remaining at historically low levels that continue to lure prospective home buyers. Mortgage giant Freddie Mac said Thursday that the...
View ArticleUS Economy Grew at Tepid 1.1 Percent Pace in Spring
WASHINGTON — The U.S. economy expanded at a sluggish pace this spring as businesses sharply reduced their stockpiles of goods and spent less on new buildings and equipment. The Commerce Department says...
View ArticleYellen Suggests Rate Hike is Coming But Offers No Timetable
WASHINGTON — Federal Reserve Chair Janet Yellen said Friday that the case for raising interest rates has strengthened in light of a solid job market and an improved outlook for the U.S. economy and...
View ArticleAllcorp Follows Acme Holding Into Bankruptcy
The Chapter 11 filing by Little Rock’s Allcorp Inc. in July marks the third Arkansas bank holding company to enter bankruptcy court in four years. Allcorp is the parent company for the smallest bank in...
View ArticleMadison Health & Rehab Draws $4M Transaction (Real Deals)
A 140-bed nursing home in south Pulaski County tipped the scales at $4.05 million. Dixon Realty LLC of Wood-Ridge, New Jersey, purchased the Madison Health & Rehabilitation project at 2821 W. Dixon...
View ArticleWal-Mart's McMillon Tops Compensation List of 100 Arkansas Public Company Execs
The top man at the world’s largest company is again the highest-paid executive in Arkansas. C. Douglas McMillon, CEO of Wal-Mart Stores Inc., has returned to the No. 1 spot on the annual list of...
View ArticleColonial Arms, Oakwood Place Apartments Sell For $5M In Fayetteville (NWA...
White Rock Investments LLC, led by Tim Brisiel of Fayetteville, paid $5 million for two apartment complexes. Brisiel bought the Colonial Arms Apartments on North Leverett Avenue. Colonial Arms has 69...
View ArticleMarion Bank Ordered To Pay Letter of Credit Related to Crittenden Regional...
An insurance company had a straightforward $300,000 commercial letter of credit from First Community Bank of Eastern Arkansas, and that’s bad news for the Marion bank with $150.8 million in assets....
View ArticleProperty, Cash Included in One Bank's Settlement with BHL
Remember the settlement between Johnelle Hunt’s BHL Financing LLC and Little Rock’s One Bank & Trust we told you about two months ago? We have more details. The outcome of that federal case is that...
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