Tag: Banking & Finance

Rainbow Curve Gets Condos

Bill Lazenby is building condos on Walton Boulevard in Bentonville.

Suit Sees Suicide Clause

There?s a lawsuit in Little Rock?s U.S. District Court seeking $500,000 in insurance benefits on the life of M. David Howell Jr.

Howell Had Big Insurance Policy

Former Little Rock, Fayetteville and Springdale banker David Howell had $17 million in life insurance.

Great Southern Plans First Office in Market

Publicly traded Great Southern Bancorp Inc. announced in July that it plans to open a Rogers loan production office by early September. It will be located in 1,500-SF office at Village on the Creeks.

Small Banks Fare Well Among Equity Performers

Four of the local banks among the Top 10 with the best first-quarter returns on equity were small to mid-sized shops with under $90 million in deposits.

Borrowing Firm Funds Can Be Done Right Way

Scandals wrought by Enron, Worldcom and Arthur Andersen have made the mere mention of dipping into company coffers heresy. But it?s perfectly legal, and potentially prudent, to borrow money from a ?C? corporation if the transaction is prepared properly.

Greenwood Gets Into Planning

M.A. Greenwood & Associates Inc., a Securities and Exchange Commission-registerd investment advisor in Fayetteville, has launched a new executive financial planning division.

Movin On Up

Bank of America Asset Management Group has opened an office in Rogers? Pinnacle Tower II (the south one) on Pinnacle Point Drive.

O? Brother, Mathias Still Keeps First State Steady

First State Bank in Huntsville was the only local bank with less than $100 million in assets to break the first quarter?s top 10 best-return-on-assets leaders.

Police Find Ointment For Rash of Robberies

During an 11-day stretch in July, two Northwest Arkansas banks were robbed, and a third robbery attempt ended when a customer disarmed and wrestled a suspect to the ground.

Apparent Robbery Attempt Sees No One Injured at Bank of America

A man on foot pulled a knife on a clerk at Bank of America?s Dickson Street branch in Fayetteville late Monday afternoon in what was an apparent attempted bank robbery.

Jarhead Joins Ranks

Bob Corscadden, senior vice president and chief marketing officer at Tyson Foods Inc. in Springdale, has joined the board of directors at United Bank.

Arvest To Buy Target Store in West Little Rock, Expand

Arvest Bank on June 18 formally announced its plans to purchase the west Little Rock Target building for $3.5 million and hire more than 300 employees over the next three to five years.

Riley Loan Trouble

Pat Riley Sr., the Little Rock businessman who defaulted on an $11.5 million loan with Arkansas Teacher Retirement System, is back in the news. He’s been dragged into a lawsuit over his son, Jesse, allegedly defaulting on $190,000 worth of loans.

Eureka Bank Provides Page-Turner (Gwen Moritz commentary)

Looking for a page-turner to take to the lake this weekend? Something with a rapidly unfolding plot, a building sense of horror and surprisingly complex characters set in a small town so familiar you?d swear you?d been there before?

Bank of Rogers Branches Into Fast-Growing Centerton

When its new 2,700-SF branch opens there in late July, the Bank of Centerton will operate with the same focus on small business as its Rogers owner.

Banks See Buyer, Builder Market at Current Rates

Many banks can offer 15- and 20-year fixed rate commercial loans but the terms will likely include a prepayment penalty or other hedges.

Financial District Flight

Fayetteville?s downtown financial district is losing another big hitter.

Bank of Gravett Expands With Centerton Branch

Bank of Gravett is apparently expanding in Centerton with a new 6,500-SF branch under construction there.

Arvest Buy Means Superior Will Finally Become a Bank

C. Stanley Bailey said last week that his conversion of what one bank analyst called a ?very sleepy thrift? into a pseudo-bank was exactly where the managers expected it to be.

UAFS launches RoarCorps to help address regional issues, needs

UAPB researcher: Arkansas can grow shrimp in fresh water

Early childhood conference slated at A-State

Economics Arkansas appoints two