Tag: Banking & Finance

Geoclassical Economists? Theories Focus on 18-year Cycle

Given the shakeup in the sub-prime loan and financial markets in August, many people may be raising questions regarding the general health of the U.S. economy.

Massey Selling Projects To Restructure Debt Load

Fayetteville developer Mitchell Massey has reduced his debt to 35 percent of what it was 18 months ago.

Subcontractors Report Revenue Drop

The slowing Northwest Arkansas economy and worsening financial situation of many developers and contractors had a tremendous impact on many Northwest Arkansas sub-contractors during the past year.

LandQuest Communities Hope to Continue Building

Despite a $20.2 million foreclosure filed against the company, LandQuest Community of Arkansas developers Gaetano Rizzo and Dominic Geric, said they want to continue business in Northwest Arkansas.

Tom Terminella?s White Knight

We delve deeper into the foreclosure-countersuit between Metropolitan National Bank of Little Rock and Fayetteville developer Tom Terminella in this issue, but just didn?t have room for everything.

The Cost Of An Alpha Executive (I. Barry Goldberg Commentary)

What happens when an executive gets great results, but in a manner that is destructive or even toxic? This is the conundrum of the alpha executive.

Northwest Arkansas? 2Q Past Dues Rise 4 Percent

Area bankers insist the economy is rough but not terrible.

Local Economy Grows in Q2

Area sees marginal but positive growth in Q2.

Northwest Arkansas’ 2007 40 Under 40 Class Meet Challenges

The Northwest Arkansas Business Journal’s 2007 class of 40 Under 40 honorees are smart, ambitious and hardworking individuals – that’s apparent in how rapidly they’ve ascended to their ranks.

ANB Opens Chicago Office

Bentonville-based ANB Financial NA has opened an office in St. Charles, Ill., a suburb of Chicago.

BancorpSouth Set to Build

BancorpSouth Inc. of Tupelo, Miss., is expanding its presence in Northwest Arkansas with a location on 52nd Street in Rogers within the MetroPark development by late 2008.

Real Estate Projects Gone Bad Leave Banks on Hook

Banks in Northwest Arkansas are now dealing with a wave of troubled loans in the aftermath of a wave of bankruptcy filings by homebuilders.

Congress Targets Capital Gains to Close Tax Gap

By 2009, brokers will have to begin reporting cost basis for securities transactions to the IRS in an effort to close the tax gap related to misreporting capital gains and losses.

Company-Issued Credit Cards Present Conundrum

Several area CPAs said company credit cards are a convenient business tool, but are open to abuse.

Arkansas? ROA Fourth in District

Arkansas banks averaged a rate of 1.02 percent for return on assets in the first quarter of 2007.

Commercial Permits Dip 35 Percent in 2Q

As the number of building permits decreased in Northwest Arkansas, vacancy rates continued to increase.

Experian Expands Van Buren Facility

Experian, a California company offering online credit reports, will be adding 100 positions to its call center in Van Buren.

Developer Terminella, Metropolitan Bank Face Off

Fayetteville developer Tom Terminella is taking his foreclosure fight to Little Rock’s Metropolitan National Bank with a counterclaim demanding more than $50 million in damages.

RMA Inaugural Meeting Success

The northwest Arkansas chapter of Risk Management Association holds its first meeting.

Stolen Checks Start Circulating

A Van Buren robbery at First Community leads to stolen checks in circulation.

Carnall, Spradling elementary schools in Fort Smith recommended for closure

Chandler Equipment invests $14 million into expansion

Mike Preston wearing a new hat in the business arena

Department of Agriculture implements rice in schools pilot program