Tag: Banking & Finance

LNB To Break Ground on New Benton County Branch April 18

Legacy National Bank of Springdale will begin construction on a new banking center in the growing Pinnacle Heights area of Rogers.

States Reserve Ratio Ranks Second in Region

In the fourth quarter of 2014, Arkansas banks collectively had a loan loss reserve ratio of 1.77 percent.

Rausch Coleman Plunks Down $1.8 Million for 39 Residential Acres

The builder looks to develop Morningside subdivision, a 39.1-acre development in Centerton, into 109 residential lots.

The Bank of Fayetteville Seeking Nearly $1M from Smiley Interests

The demand for judgment is the first response to an interpleader petition filed by Arvest Bank on April 2.

Arvest Names Rivaldo President and CEO of Arvest-Benton County

Arvest Bank announced Tuesday that Craig Rivaldo has been named as president and CEO of Arvest-Benton County, thereby succeeding Dennis Smiley, who abruptly resigned from the post in a cloud of controversy on March 13.

Arvest Bank Files Interpleader Lawsuit Against Smiley, 19 Creditors

Arvest Bank is hoping to clear itself of any financial liabilities tied to the alleged multi-million dollar loan scam perpetuated by former Arvest Benton County president and CEO Dennis Smiley.

Ex-Arvest CEO Dennis Smiley, Father Sued Over $245,000 Loan

Delta Trust & Bank filed the complaint March 25 in Benton County Circuit Court.

First State Bank of Northwest Arkansas Changing Name to Todays Bank

The only bank chartered in Madison County will host an open house at all three of its locations April 4.

Mums the Word

No one will disclose the reason for the abrupt end to Dennis Smileys 25-year career at Arvest Bank.

United Conversion

United Bank of Springdale has filed an application with the Arkansas State Bank Department to convert from a thrift, or federal savings bank, to a state-chartered bank.

BOZ Executive Headed to Great Southern Bank

John Summers named NWA market manager for Missouri-based lender.

Ex-Arvest Executive Cuts Ties With Local Boards

Dennis Smiley, who suddenly resigned last week after 25 years with Arvest Bank, resigned Monday as chairman of the Northwest Arkansas Community College Foundation board of directors, and from The Jones Trust board of directors.

IMWell Health Enters Agreement With Fort Smith Holding Company

IMWell Health of Fort Smith announced March 6 it has established a primary care clinic to serve Fort Smith holding company First Bank Corp.

Arkansas Banks Second in Regional ROA, ROE Rankings

The average return on assets of Arkansas banks was 1.23 percent and the return of average equity was 10.63 percent in the fourth quarter of 2013.

Bank Buzz

Grand Savings Bank of Grove, Okla., hopes to open its second full-service Arkansas branch in June.

Dennis Smiley Resigns as President, CEO of Arvest Benton County

Scott Grigsby, a regional executive for Arvest Bank, is serving as the interim president until a new local president is in place.

Mike Malone Joins Arvest Board of Directors

Arvest Bank of Fayetteville announced Thursday that Mike Malone, president and CEO of the Northwest Arkansas Council, has joined the banks board of directors.

Media Buzz

Arvest Bank interviews real customers for upcoming television commercials.

First Bank Completes Acquisition of Crawford County Lender

Terry Carson is now market president for Crawford County.

Legacy National Bank to Build New Banking Center in Rogers

The bank recently bought 1.12 acres on Pauline Whitaker Parkway for $878,169.

DOT awards $25 million to Highway 112 project in NWA

Health care leaders highlight AI use in health care at Bentonville conference

The Compass Report: Arkansas economy sees ‘balanced growth’ in Q3

Tokusen USA to close Conway plant, exit U.S. market