Heartland Bank Sees $7.9M Loss in 2016
Heartland Bank of Little Rock recorded a nearly $7.9 million loss for 2016. The lion's share of that loss occurred in the fourth quarter. "In the last quarter, we took an additional provision to our...
View ArticleWorkers Contributing More to, Borrowing Less from 401(k)s
NEW YORK — A rare double shot of encouraging news on retirement savings: Workers are contributing more to their 401(k) accounts, and they're taking out fewer loans from them. So says Fidelity, which...
View ArticleTrump Takes First Step to Scale Back Financial Regulations
WASHINGTON — President Donald Trump is taking his first steps aimed at scaling back financial services regulations, and the Republican-run Congress cast a vote early Friday signaling that it's eager to...
View ArticleCitizens Bank, Blair & Stroud Make Promotions in Batesville (Movers & Shakers)
Karen Shaw and Pam Jones have been promoted to executive vice presidents at Citizens Bank of Batesville. Shaw will serve as chief financial officer and Jones will serve as the senior loan operations...
View ArticleStonehaven Purchase Surpasses $7.1 Million (Real Deals)
The sale of a 60-unit assisted living project in Maumelle weighed in at $7.15 million. CHG Senior Living RE Stonehaven LLC, an affiliate of Cornerstone Healthcare Group of Dallas, purchased Stonehaven...
View ArticleHeartland Endures Another Ugly 4Q
Heartland Bank of Little Rock recorded a nearly $7.9 million loss for 2016. The lion’s share of that loss occurred in the fourth quarter. “In the last quarter, we took an additional provision to our...
View ArticleHerrington Bankruptcy Case Ends
Little Rock developer Philip Herrington’s Chapter 11 bankruptcy reorganization has been dismissed. Herrington said in a filing in December that he “believes dismissal is in the best interest of...
View ArticleWalton Foundation Contributes $750K to Delta Business Loans
The Walton Family Foundation announced Monday that it is partnering with Southern Bancorp Community Partners to promote economic development in the Delta with a $750,000 investment. The money will be...
View ArticleTeletech in Sherwood Aims to Hire for 90 Positions
Teletech Holdings Inc. of Denver said Tuesday that it is hosting hiring events in Sherwood this month aiming to fill 90 new positions. The publicly traded customer service provider (Nasdaq: TTEC) said...
View ArticleHoganTaylor Accounting Firm Names New Partners
HoganTaylor LLP, a public accounting firm in Oklahoma and Arkansas, announced Monday that it has named Dan Bomhoff, John Cooper, Jeff Koweno and Bret Little as partners. Bomhoff, of Oklahoma City,...
View ArticlePakko: State Housing Numbers Continue Upward Trend
December home sales and prices were up in Arkansas compared to the previous year, shutting the books on 2016 and continuing to reflect the state's recovery from the housing market collapse of 2006-2007...
View ArticleComfort Inn & Suites Transaction Checks In at $3.9M (Real Deals)
A 70-room hotel in North Little Rock tipped the scales at $3.9 million. Andy & Andrew Hotel Investments LLC, led by Ashok Desai, purchased the Comfort Inn & Suites at 3915 McCain Park Drive....
View ArticleBank of the Ozarks Having a Hot Time in Chicago
Steve Daniels, a senior reporter with Crains Chicago Business, reported last month on how developers of Chicago's "splashiest commercial real estate projects" are getting their loans and financing from...
View ArticleRobert Hopkins Steps Up at Little Rock Branch of Federal Reserve (Movers &...
Robert Hopkins has been promoted to regional executive and senior vice president of the Little Rock Branch of the Federal Reserve Bank of St. Louis. He previously was vice president and regional...
View ArticleTexarkana Convention Center Could Soon Change Hands
A little update now on the case of Dr. Hiren D. Patel, doctor at the center of a controversy over dueling convention centers on both sides of Texarkana. Patel owns Texarkana Hotels LLC that in turn...
View ArticleArkansas Business Recognizes Finalists of 29th Annual Business of the Year...
Since 1988, Arkansas Business has honored the state's top executives, small businesses and nonprofits with the annual Arkansas Business of the Year Awards. Readers make nominations and an independent...
View ArticleVenture Center's 2017 FinTech Accelerator Nets 295 Applicants
The Venture Center of Little Rock on Wednesday said 295 entrepreneur and startup teams have applied for its 2017 FinTech Accelerator, twice the number that applied for the inaugural program held last...
View ArticleCollision Center Buy Tops $2.5 Million (Real Deals)
The Landers Collision Center in west Little Rock weighed in at $2.57 million. LLArk Properties LLC of St. Louis Park, Minnesota, purchased the 40,000-SF facility at 10005 Col. Glenn Road from Aimco...
View ArticleSearcy Upgrades Infrastructure for Chance at New ‘Power Center’ for Shopping
Public, private and public-private developments representing tens of millions of dollars in construction are in motion in Searcy. Three projects highlighting each category alone tally more than $42...
View ArticleBiggest Deals in Arkansas Rise 11 Percent in 2016
Both the value and the volume of mergers and acquisitions in Arkansas rose last year, with the value increasing 11 percent to $9.8 billion and the volume rising 10 percent to 92. Those big deals —...
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