Tag: Banking & Finance

Benton County Club Expanding Facilities

The Boys & Girls Club of Benton County is in the midst of a $2.5 million fund-raising campaign to aid in the expansion and construction of several facilities.

Real Estate Rakes in Returns

An article in the October issue of Mutual Funds magazine compares the averaged 5-year return of the S&P 500 versus investments in commercial real estate.

Lindsey, Elsass Continue Building in Bentonville

L&E Equity Investments, consisting of John David Lindsey and Kirk Elsass, on July 2 secured 12 loans.

Outdoor Cap Expanding Bentonville Warehouse

Outdoor Cap Co. of Bentonville recently purchased a building permit valued at $1.2 million to expand its warehouse by 53,000 SF.

Siloam Springs Church Enjoying New Home

Community Christian Fellowship, formerly Twin Springs Christian, has moved into its new facility in Siloam Springs.

Hinksons Building Pair of Bent Tree Houses

Dan and Jacqueline Hinkson of Springdale on June 12 got two loans totaling $420,000 from First Security Bank of Springdale to build two new homes at a Rogers subdivision.

Broken Ark Pizza Inc. of Bentonville closed its four Domino?s Pizza stores in Northwest Arkansas in July and filed for Chapter 7 bankruptcy protection on July 25 in U.S. Bankruptcy Court in Fayetteville.

State Revenues Exceed Forecast

Gov. Mike Huckabee recently praised state budget forecasters and noted that for the second consecutive month, state revenues have come in above forecast.

Arkansas Best Settles With IRS

Arkansas Best Corp. of Fort Smith, a less-than-truckload carrier, said on Aug. 13 that it had settled with the Internal Revenue Service over income tax issues between 1990 and 1994.

Local Penny Stock Violates SEC Rules

Misleading financial statements, suspicious relationships and a questionable lawsuit appear to have helped Golf Entertainment Inc. turn a company shell into a shell game.

Hotel Revenue Hovers

Nationwide, the hotel industry was down by 8 percent for the first six months of 2002. But Northwest Arkansas fared considerably better than that.

Alpha Sales ?Pick-Up? 15 Fold Since 1998

When Wesley Robinson loaded a queen-size mattress set in his 1979 Ford pickup and hauled it across Springdale, it was the first delivery for his new company ? Alpha Pick-Up & Delivery Inc.

Stock Option Accounting Is Tricky (Kerry Lee Watkins Commentary)

The collapse of the likes of Enron and Global Crossing has brought into question numerous accounting issues. One cooking on the front burner is stock-option accounting.

Berryville Conversion Helps Shareholders

The First National Bank of Berryville?s January conversion from a ?C? corporation to an ?S? corporation made a difference in the latest banking report card released by Bauer Financial Inc.

Cooper Communities Keeps It ?All in the Family?

John A. Cooper III has replaced his father as president of Cooper Communities Inc., a $150 million diversified real estate and development company in Bella Vista.

Audit Regs Not the Problem

In the wake of a national epidemic of corporate scandals, lawmakers might have a knee-jerk reaction to change audit regulations.

Regional Banks Post Double-Digit 2Q Leaps

BOK Financial Corp., the Tulsa-based parent company of Bank of Arkansas N.A., was one of four regional banks with Northwest Arkansas interests that recently posted double-digit increases for second quarter earnings.

Lenders Look for Usury Help for Relief From Usury Limit

Amendment 60 to the Arkansas Constitution was adopted by voters in November 1982, a matter of days after the Federal Reserve?s discount rate dropped below 10 percent for the first time in three years.

First Federal Bancshares of Arkansas Inc. Completes Stock Repurchase

On July 1, First Federal Bancshares of Arkansas Inc. completed its previously announced stock repurchase.

Heath Tops State Employee Pay

The University of Arkansas apparently saved $15 per year by swapping head basketball coaches last spring. That?s the difference in annual state salary between Nolan Richardson ($133,015) and Stan Heath ($133,000).

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