Sandy Straessle Hired at Stone Bank (Movers & Shakers)
Sandy Straessle has been named a customer service manager for the Little Rock branch of Stone Bank of Mountain View. Straessle most recently was a teacher at Our Lady of the Holy Souls School in Little...
View ArticleFuture Bank of the Ozarks HQ Site Draws Deals Totaling $12M-Plus (Real Deals)
Land for a corporate campus in west Little Rock was assembled in deals totaling $12.57 million. Little Rock’s Bank of the Ozarks Inc. acquired about 46.2 acres of mostly undeveloped property in a...
View ArticleDeveloper Brandon Woodrome’s $2M Fraud Seen From The Inside
Brandon Woodrome was a young man in a hurry: out of school early, married early, starting businesses early. He even ran for office before he was old enough to drink. In 2013, the year he turned 26, his...
View ArticleLittle Rock's Metrocentre Mall District Begins Dissolution Process
Property owners in downtown Little Rock’s Metrocentre Improvement District No. 1 are finally getting a break from decades of shouldering $12.5 million of debt. Special improvement taxes on more than...
View ArticleNational Rate for Unbanked Falls to 7 Percent in 2015
The percentage of U.S. households that are “unbanked,” meaning no one in the household has a bank account, fell to 7 percent in 2015, compared with 7.7 percent in 2013, according to preliminary results...
View ArticleDeadline Extended in Phil Herrington Bankruptcy Case
The trustee for Little Rock developer Philip Herrington withdrew a request last week that his bankruptcy be converted from reorganization to Chapter 7 liquidation. A hearing on the issue had been...
View ArticleBank of the Ozarks' 3Q Net Income Up 65 Percent
Bank of the Ozarks Inc. of Little Rock on Tuesday reported record third-quarter net income of $76.0 million, up 65 percent from the same quarter last year, as it completed two major bank acquisitions....
View ArticleArkansas Casino Backers Project $122M Tax Revenue Boost
LITTLE ROCK - Supporters of a plan to legalize casinos in three Arkansas counties are projecting the move would create an additional $122 million in tax revenue each year and thousands of new jobs, but...
View ArticleReport: Arkansas Consumer Sentiment at Highest in 2 Years
As the nation's economy expanded this summer, Arkansans reported feeling more confident than at any time in the past two years, according to the fall 2016 Arvest Consumer Sentiment Survey released...
View ArticleLuter Family Gives $1M to ASU College of Business
A northeast Arkansas banker and his wife have given $1 million to the Arkansas State University business college. Charles and Kay Luter announced the donation Thursday evening at the college's...
View ArticleMaumelle Townhomes Attract $8.5M Transaction (Real Deals)
More than five dozen townhomes in Maumelle weighed in at $8.5 million. EIIC LLC, led by Jean Eiler, purchased 61 townhomes in The Villas at Audubon near the northwest corner of Audubon and Club Manor...
View ArticleArvest Introduces Asa Cottrell as SVP, Sales Manager for Central Arkansas...
Asa Cottrell has been promoted to senior vice president and sales manager for Arvest Bank in central Arkansas. Most recently, Cottrell served as a senior vice president and manager of Arvest Wealth...
View ArticleFarmers Bank of Magnolia Looks To Prosper with Texas Branch
Twelve of the 103 banks chartered in Arkansas have branches in other states. One of them is Farmers Bank & Trust of Magnolia, which was doing business 50 miles away in Texarkana, Texas, even before...
View ArticleTwo Others in Hunt for Allied Before Today's Bank Took Ownership
So you want to know more details about the regulatory-mandated sale of Allied Bank of Mulberry. We aim to please. Today’s Bank of Huntsville was awarded ownership of the $66.3-million asset lender with...
View ArticleMcLarty Capital Partners, USDA Launch Private Investment Fund
The U.S. Department of Agriculture has partnered with McLarty Capital Partners of Little Rock to launch a private investment fund the two groups said could inject $100 million in rural small...
View ArticleUS Homebuilders' Confidence Eases Slightly
U.S. homebuilders' confidence eased this month after surging to the highest level in nearly a year in September. Even so, builders remain optimistic overall about sales growth in months ahead, a...
View ArticlePete Yuan Off to Texas, IberiaBank Names New Arkansas Leader
IberiaBank Corp. on Monday said Gregory K. Smithers, an executive vice president and regional president of the bank's Tennessee operations, will now also oversee the bank's Arkansas operations....
View ArticleHome BancShares 3Q Profit Up 22 Percent
Home BancShares Inc. of Conway on Thursday reported record quarterly profit of $43.6 million, up 22 percent from $35.7 million in the same quarter last year. It was the 22nd straight quarter of record...
View ArticleIn Little Rock, Chase Economist Finds Economic Recovery Going Well
"We're not in crisis; we're getting back on our feet," economist Jim Glassman told a small gathering of business professionals Wednesday at an economic outlook luncheon sponsored by Chase, the Little...
View ArticleReport: Building Permits, Homes Sold Increase in Northwest Arkansas
In northwest Arkansas, building permits have increased, the supply of remaining lots continued to fall and the number of complete but unoccupied houses remains low, according to Arvest Bank's...
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