Tag: Banking & Finance

Quirky Campaign Stands Out

Jim Taylor, Northwest Arkansas? president for First Security Bank, pitches the ?we?re everywhere in Northwest Arkansas? campaign in nontraditional way.

BOK?s Local Division Is One of Firm?s Best

BOK Financial Corp., the parent company of Fayetteville?s Bank of Arkansas N.A., saw its first quarter net income fall 10.9 percent to $39.2 million from $43.5 million a year ago.

Subtract This (Editorial)

There?s been a battle ? mostly words ? going on for a decade over stock option expensing.

Lindsey Starts Stearns Street (Real Deals)

Lindsey Construction Co. of Springdale buys 24 building permits valued at $13.9 million to build apartment units in the 23-acre Stearns Street Apartments complex in Fayetteville. Also: Mortgage reports for Benton and Washinton counties.

FNB in Green Forest Goes to ‘S’ Corp.

The First National Bank in Green Forest has received approval from the Federal Reserve Bank and the Internal Revenue Service to convert from a ?C? corporation to an ?S? corporation. The change will be retroactive to Jan. 1.

Chambers Loads Up For Regional Rollout

John Chambers? financial holding company, Chambers Bancshares Inc. of Danville, gained controlling interest of a Fayetteville bank in December, and he plans to rebrand the eight-branch Community Bank of North Arkansas by year?s end.

Focus on People Built UHC Boss? Portfolio

Don Pitts, chairman of United Holding Co. in Springdale and president and chairman of United-Bilt Homes Inc. of Springdale and Shreveport, La., is a revered figures, but down to earth as green onions.

Bank?s Charge-offs Indicate Credit Quality, Aggressiveness

Of the 27 privately held banks in the six-county Northwest Arkansas market, 14 show decreases in their charge-offs from 2002 to 2003.

Lower Interest Rates Usually Boost Homes

Low interest rates and a booming economy have 2004 new home construction on track to easily break 2003?s record of 7,000 units in Northwest Arkansas.

Arkansas National, Bank of Rogers Lead in ROE

Although return on assets is the most-often-used measurement of a bank?s financial health, return on equity is usually more important to shareholders.

Agracat?s Creditors Include Several Banks

The 20 largest claims in Agracat?s bankruptcy totaled about $4.69 million.

Hispanic Loans Help Arvest Bank-Rogers

Over the past decade, Arvest Bank-Rogers has attracted more than $50 million in new business from the area?s Hispanic customers, said David Bugea, vice president of marketing and sales support for Arvest Bank-Rogers.

Mortgage Lending Climbs Steadily

Among the first three months in 2004, February saw the most volume for financial institutions that did at least $2 million in mortgage lending. Benton and Washington counties combined totaled more than $825 million in February.

Three Arvest Execs Defect to Other Banks

Three Arvest Bank-Rogers executives ? Gary Kleck, Jerry Carmichael and Bruce Branch ? have resigned to go work for another financial institution, but no one knows which one and these three aren?t talking.

Arkansas Keeps it Real, Reserve Says, on Income

For the third straight quarter in 2003, Arkansas remained second of seven regional states in real personal income growth, outpaced only by Mississippi.

New Home Mortgage Company Opens in Tontitown

Valentin Gutierrez opened Valentin Guaranteed Home Mortgage in Tontitown in February.

SWEPCO Gets Bank

Huntsville-charted First State Bank of Northwest Arkansas applies to the Federal Deposit Insurance Corp. and the Arkansas State Bank Department to operate a branch in Fayetteville at 300 N. College Ave.

Siloam Sees New Arvest

Siloam Springs will soon see a third Arvest Bank location on U.S. Highway 412 across from the Wal-Mart Supercenter.

Adversity Made Area?s Centennial Club Stronger in Toughest Times

Twenty-six for-profit companies in Northwest Arkansas have had continuous operations for at least 100 years.

Benham Banks On Air Base

The Lowell office of Oklahoma City-based The Benham Companies Inc. will provide the architecture and landscape architecture services for the new 26,000-SF Arkansas National Guard facility at the Ebbing Air National Guard base outside of Fort Smith.

Arkansas to lead National Advanced Manufacturing Apprenticeship expansion

The Supply Side: Boomer generation concedes spending power to young consumers

2nd cohort of new lithium accelerator shows innovations in Bentonville

Weekly wages up 4.2% in Arkansas, Benton County leads with 13.4% wage gain