Gary Rickenbach Gets 2 Years of Probation, 100 Service Hours
Gary Rickenbach's emotional request was granted: The former One Bank & Trust executive was sentenced Wednesday to two years of probation and 100 hours of community service in exchange for pleading...
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The Overtime Exemption Rules Are On Hold — What Do You Do Now? (Stuart...
Don't you love it when you get all ready for a party, and at the last minute it gets canceled? Although the new overtime exemption rules were not going to be a "party" for employers by any stretch of...
View ArticleUS Home Price Gains Lift Household Wealth to $90.2T
WASHINGTON — A healthy increase in home values and higher stock prices drove up U.S. household wealth in the July-September quarter, though the gains are largely concentrated among wealthier Americans....
View ArticleClearbrook Project Draws $1.4 Million Transaction (Real Deals)
A 52-unit apartment complex in Little Rock weighed in at $1.4 million. Parker Investments Group LLC, an affiliate of Trinity Multifamily of Fort Smith, purchased the Clearbrook Village Apartments at...
View ArticleDr. Stavros Manolagas Receives Award for VA Work (Movers & Shakers)
Dr. Stavros Manolagas has been named the 2016 recipient of the Veterans Administration Biomedical Laboratory Research & Development Service’s highest honor, the William S. Middleton Award. The...
View ArticleStock Price Swings Visit Steady Bank of the Ozarks
Bank of the Ozarks shares have followed a sometimes precipitous trek during the past few quarters. The pricing landscape traveled by the $18.5 billion-asset bank holding company is marked by several...
View ArticleStrong Stocks Lift Fortunes on Arkansas Wealthiest Stockholders List
The tumble taken by shares in a Houston-area appliance retailer is the only reason for a new name among the 10 largest stockholders in Arkansas. A year ago, the heirs of W. R. “Witt” Stephens Sr. were...
View ArticleSouthern Bancorp Community Partners Gets $2M
Southern Bancorp Community Partners, a nonprofit loan fund that works in partnership with Southern Bancorp Inc. of Little Rock, said Tuesday that it has received $2 million — the maximum available...
View ArticleFed Hikes Key Rate for Second Time in 10 Years
The Federal Reserve is raising a key interest rate for the first time in a year, reflecting a resilient U.S. economy and expectations of higher inflation. The move will mean modestly higher rates on...
View ArticleSimmons Deal to Enter Oklahoma Will Push Assets Above $10 Billion
Simmons First National Corp. of Pine Bluff announced its intention to enter the Oklahoma market by acquiring Southwest Bancorp Inc. of Stillwater. The pending purchase of the $2.47 billion-asset public...
View ArticleRegions Center Owners File for Chapter 11 Bankruptcy
Most of the owners of the 30-story Regions Center in downtown Little Rock filed for Chapter 11 bankruptcy protection on Dec. 9, about a month before a hearing to decide whether to appoint a receiver...
View ArticleDusty Middleton Moves to Stone Bank in Harrison (Movers & Shakers)
Dusty Middleton has been hired as senior vice president, senior lending officer and Harrison market manager for Stone Bank of Mountain View. Middleton was formerly a senior vice president and loan...
View ArticleForrest City Bank Soon To Suit Up in New Name
A name change and new parent company are accompanying the pending acquisition of Forrest City Bank. Big Creek Bancshares Inc. of Moro (Lee County) staked a trademark claim on ArmorBank in connection...
View ArticleStock Worth $2.24M Buys Little River Bank
The acquisition of Little River Bancshares Inc. marks a departure from past means of exchange for First Community Bancshares Inc. of Batesville. The deal closed Monday. “This is our first stock-swap...
View ArticleSun Paper, McFadden Stories Grab Online Attention in 2016
Shandong Sun Paper Industry’s decision to put a $1.3 billion pulp mill in Clark County was the most viewed story on ArkansasBusiness.com this year. Arkansas Business had been tracking the company’s...
View ArticleDickens: Relevant 173 Years Later (Editorial)
“At this festive season of the year, Mr. Scrooge,” said the gentleman, taking up a pen, “it is more than usually desirable that we should make some slight provision for the Poor and destitute, who...
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What a Difference A Year Makes (Gwen Moritz Editor's Note)
Arkansas Business Publishing Group shuts down between Christmas and New Year, so there’s always a reward for pushing on through. I don’t think I’ve ever been so eager for a year to end while...
View ArticleFirst Community Bank of Batesville To Open Little Rock Location
Six weeks ago, we told you that Batesville’s First Community Bank was looking to enter the Little Rock market and looking at a former Allied Bank location. Well, an $850,000 deal was struck to acquire...
View ArticleNotable Arkansas Deaths in 2016
The first day of 2016 saw the death of a political giant in Arkansas, Dale Bumpers, and in April, Ray Thornton, a respected politician, jurist and educator, died. Also passing during the year were a...
View Article‘He Wasn’t Unkind, but He Was a Crook’ - Best Quotes of 2016
“He wasn’t unkind, but he was a crook.”— David Hoffman of Santa Cruz, California, reflecting on his business dealings with accused serial fraudster John Rogers of North Little Rock “I always try to...
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