Tag: Banking & Finance

In the Clear

Arvest Asset Management, the broker dealer and financial services arm of $4.5 billion Arvest Bank Group Inc., is changing clearing houses.

First Federal Plans New Bentonville Branch

Larry J. Brandt, president and CEO of First Federal Bank in Harrison, announced in early May plans for a second branch office in Bentonville.

Deposit Data Show Bank of Arkansas Up

Bank of Arkansas N.A. recorded the biggest increase in deposits last year with a 47.1 percent jump from $113.622 million during 2001 to $167.111 million for 2002.

First Federal Nets 13 Percent Increase

First Federal Bancshares, the Harrison holding company for First Federal Bank, recently reported a 13 percent increase in first quarter net income year-over-year.

Bashful Bankers Near $1B

With $958.8 million in assets through the first quarter, First Bank Corp. is positioned to make some noise as the third-biggest banking, insurance and investments power in western Arkansas.

Tradition and Change Give FNB Firm Foundation, Wings

Sam T. Sicard said he embraces his family?s legacy at First National Bank of Fort Smith.

Banks Team Up for Rebuilding Cause

At least seven local banks are working together with hammers and nails to get a relatively new nonprofit off the ground.

First Financial Bank Is Poultry Farm Friendly

Last year, FFB closed about $400 million in loans, including about $70 million out of Fayetteville.

CFPs Multiply but Still Enjoy Demand

A search of the board?s database showed 191 CFPs registered in Arkansas, meaning that about a fifth of them operate in Benton, Washington and Sebastian counties combined.

10 State Banks Celebrate Centennials During 2003

1903 was a banner year for bank startups in Arkansas.

Harvesting Losses Can Save On Taxes (Elaine Longer Commentary)

Loss harvesting is a vital part of tax-efficient investing.

Three months after First National Bank of Springdale got approval from the Office of the Comptroller of the Currency to start a courier service for commercial deposits another local bank has applied to start a ?virtual branch.?

Arvest Remodeling, Planning Local Branch

Lisa Ray, executive vice president of Arvest Bank-Bentonville, said her bank plans to follow its 2003 remodeling effort with the opening of a new branch in 2004.

Startups Need Cash Flow or Collateral for Bank Loans

Many fledgling companies find themselves in a Catch-22 funding crunch.rnThey don?t have the customers or contracts to get venture capital funding. And they don?t have cash flow or collateral to secure a bank loan.

Diamond State Dominates State?s Tiny VC Industry

C. Sam Walls and Joe T. Hays launched an ambitious plan in 1999 to turn Arkansas into fertile VC soil with Diamond State Ventures

Competition Generates Entrepreneurial Spirit

Capital Resource Corp., an affiliate of The Arkansas Capital Corporation Group, is showing its support for innovative business ideas to the tune of $104,000 in cash awards for winners of the Governor?s Award for Entrepreneurial Development.

Act 860 Creates New Era For Venture Capital In State

Venture capital advocates in Arkansas are hailing Act 860 of 2003 as the start of a new day for venture capital in Arkansas.

VC in Arkansas Is Unknown Quantity

Arkansas Capital Corporation Group has estimated last year?s venture capital level at $33 million, but Les Lane, vice president of the Arkansas Science & Technology Authority in Little Rock, said a reliable figure is hard to come by.

VC Outlook Presents Ugly, Bad and Good (Mark Diggs Commentary)

New methods specifically designed for the knowledge-based economy must be developed, adopted and implemented along with appropriate policy.

First Federal Pays Dividend in March

First Federal Bancshares of Arkansas Inc., the Harrison unitary savings and loan company, declared in February that it would pay a 16-cent dividend payable March 25.

Fort Smith Metro News Briefs: ACME input now online, UAFS students receive SURF grants

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