News Topic: Arkansas
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Square invests in Arkansas community development financial institution
United Federal Credit Union in Michigan buying Arkansas branch
Arkansas CDFI strikes deal in home state
Southern Bancorp, which recently raised $35 million in capital, agreed to acquire DeWitt First Bankshares, the parent of Arkansas County Bank. ... Read full article
Cornerstone League modifies branding
The trade group representing credit unions in Arkansas, Texas and Oklahoma said the change is an attempt to better unify a variety of services the association offers. ... Read full article
Bank OZK chief preaches patience to nervous investors
The Arkansas bank is bracing for a rough 2020 amid record prepayments and a big substandard loan in its commercial real estate book, but CEO George Gleason insists shareholders will see "a nice payoff" in the long run. ... Read full article
Looking back at 2019's community bankers to watch
One found a buyer, another announced plans to retire, and others took steps to reinvent their banks. ... Read full article
Johnny Allison returns to familiar role as Home Bancshares' CEO
The veteran banker succeeded Randy Sims, who recently retired. Sims had been the Arkansas company's CEO since replacing Allison in 2009. ... Read full article
Bankers fight back against credit union takeovers
An increase in credit union acquisitions of banks has been a blow to the morale of many commercial bankers, and some of their trade organizations are trying to slow down the trend. There may be little they can do. ... Read full article
CFPB, Arkansas order broker to pay $2.7M in pension scam
The broker and the companies he operated allegedly induced veterans to hand over their federal benefits in violation of the law. ... Read full article
Revenue-strapped lenders take another look at unbanked customers
With margins under pressure and competition intensifying, a number of community banks are zeroing in on underserved markets. ... Read full article
Simmons First expanding to Oklahoma City with Landmark purchase
The Arkansas company will pay $434 million for Landrum Co., which has branches in Missouri, Oklahoma and Texas. ... Read full article
Arkansas poultry lender to buy deposit-rich bank
First Financial Banc will gain nearly $300 million in liquidity when it acquires First National Corp. of Wynne. ... Read full article
The similar challenges facing these different niche lenders
County Bancorp is a small dairy lender in Wisconsin with an exposure to milk prices, and Bank OZK is a larger bank in Arkansas coping with out-of-market real estate trends. Their stories show how market sensitivities can vex specialists. ... Read full article
Pass. Pass. Pass. Pass. Pass. Deal! When healthy banks have M&A leverage
Reliance Bancshares was in a position to reject five buyout offers over the course of a year before it got one it liked. ... Read full article
Bank OZK rebounds, emphasizes focus on credit quality
A spike in charge-offs in the prior quarter stoked concerns about commercial real estate exposure. ... Read full article
ICBA selects first fintechs for new accelerator program
The 10 startups will receive initial investments, mentoring and training as part of the ICBA ThinkTECH Accelerator. ... Read full article
This CEO must prove he has CRE under control
Bank OZK's George Gleason, one of our community bankers to watch in 2019, needs to rein in the Arkansas bank's commercial real estate exposure to placate nervous investors. ... Read full article
Alarm bells for CRE lenders after Bank OZK's bad quarter
The company is facing criticism after a big chargeoff on two properties, showing that investors have little patience when a risky business model shows signs of distress. ... Read full article
Bank OZK profit plummets on CRE-related charge-offs
The Arkansas company, which has faced criticism over its concentration in commercial real estate, charged off nearly $46 million tied to a pair of properties in the Carolinas. ... Read full article
