Tag: Banking & Finance

‘New’ Banks Back off Northwest Branch Expansion

After a flurry of expansion from 2005 to 2007, banks are pulling back from new brick and mortar in 2008.

E-transactions Increase as Cash Use Declines

Along with the increase in electronic banking transactions has come a decrease in demand for cash, several bankers said

Northwest Arkansas Banks Faced 2007 Heist Spike

After a record-high year, the economic slowdown could mean more bank robberies in Arkansas.

Creditors Fight for First in Legacy Foreclosure

Contractors and bankers are battling to see who will get paid first when the Legacy Building in downtown Fayetteville is put up on the auction block at a foreclosure auction.

Fraud Cases Display Similarities

Recent embezzlement cases fall into familiar categories identified by the Association of Certified Fraud Examiners.

Modesty Key to FSB’s Marketplace Success

Lonoke-based First State Bank garners $245M in Northwest Arkansas commercial loans.

Crosses Cross Paths as CEO

Long-time chairman and CEO of the Bank of Eureka Springs, John Cross announced on April 14 he would be stepping out of the roll and promoting his son.

Arvest Makes Mobile Moves

Arvest signed up more than 850 mobile banking users by April 16, about 18 business days after it began registration for the service.

Card Fees, Gas Prices Sting C-Store Owners

Record high fuel prices, combined with increasing credit card fees, are hurting the bottom line for gas retailers.

Terminella Tangles with Metropolitan in Countersuit

Foreclosure-countersuit between Metropolitan National Bank of Little Rock and Fayetteville developer Tom Terminella is spreading into the local banking community.

Ask the Right Questions To Help Win Credibility (Human Factor by Grey Williams)

By asking the right questions managers can connect with staff

The Economy is Stuff of Greek Tragedy (Editorial)

Valuable news resources avoid rose-tinted views (or prejudgments of any shade for that matter), and do not allow their coverage to be compromised by advertising or other influences.

Receiver Has Hands Full with Legacy

Court-appointed foreclosure receiver Wayne Swofford has his work cut out at the 37-condo Legacy Building in downtown Fayetteville. Legacy National Bank of Springdale foreclosed on two loans for the property totaling $18.1 million on Jan. 2.

Mortgage Maestro Joins Jet Stream

Home loan originator Tim McClung left his post at ENG Lending in early March and is now pulling in business for Jet Stream Lending of Bentonville.

FNB Builds Buffalo, FSB Banks Tontitown

The First National Bank in Green Forest received approval from the Office of the Comptroller of the Currency to relocate its branch in Jasper, and First Security Bank of Searcy also received approval to open a new branch in Tontitown on Feb. 28 by its sta

Fort Smith’s Credit Score Close to National Average

Credit scores for people in the Fort Smith area were slightly lower than the national average, according to Experian, a consumer credit ranking company with a call center in Van Buren that employs more than 500 with a payroll of $10 million.

Farm Credit Services Loan Value Increases 14 Percent

Fewer loans for higher values contribute to increase in rural lending.

Executive Development Need Not be Skipped In Hard Times (Human Factor by I. Barry Goldberg)

Anyone who has been in business through tough times knows what happens. Budgets tighten and companies try to do more with fewer people. With markets unstable and the near future uncertain, why would anyone spend money on executive development – whether it

ANB Bancshares CEO Dan Dykema to Meet Fed Request for Capital Plan

ANB Bancshares CEO Dan Dykema said the company has a “few things cookin” as it tries to work its way out of a deep hole following a $58.9 million loss in 2007.

Dixie Management Files Suit Against Joe Kleine, Other Commerce Park Developers

Dixie Management CEO Ben Israel has filed a lawsuit against three partners in the Commerce Park I development, including former NBA and University of Arkansas basketball player Joe Kleine.

Fort Smith airport, military close to pilot training center joint use agreement

Arkansas State University System president exiting to become president at Eastern Michigan University

McMillon: Surviving hard times, doubts make recent success ‘so sweet’

Online grocery sales top $12.3 billion in November, up 28% from year ago