Finance & Banking

On March 26, 2020, the United States became the epicenter for the COVID-19 outbreak when the amount of new cases surpassed both China and Italy. In response, the myriad local and state governments have issued a patchwork of voluntary and…

Centennial Bank is creating a new “one-stop shopping” experience for its banking customers with a new Riverdale facility in Little Rock. The Conway-based bank broke ground on its new Riverdale Commerce Center in late February. Located at 1031 Rebsamen Park…

Federal tax filing deadlines have been pushed back to July as the United States combats the coronavirus. U.S. Secretary of Treasury Steve Mnuchin announced Friday morning that the federal Tax Day has been moved to July 15 from the usual…

Arvest Bank is closing all of its branch lobbies and in-store branches beginning Friday, March 20, in an effort to contain the spread of coronavirus. Currently, there is no indication when lobby services will return. Bank officials say the closure…

by Ryan Nix On March 11, Arvest Wealth Management announced its managed assets exceeded $13.2 billion dollars at the end of 2019. Arvest offers wealth management, investment, insurance services and trust across Arkansas, Kansas, Oklahoma and Missouri. Arvest also recorded…

First Security Bank has named a new bank president for its Springdale market. Dean La Grone will be assuming the role, taking over for Mike Morgenthaler, who retired on Feb. 25. A 37-year banking veteran, La Grone most recently served…

It may not be the biggest, but TruService Community Federal Credit Union was the first of its kind in the state, planting the credit union flag in 1930. Based in Little Rock and serving members in Pulaski and Faulkner counties,…

Home BancShares is making a big move into the marine lending sector with a recent acquisition. The Conway-based bank holding company has entered into an agreement to purchase LH-Finance, the marine lending division of People’s United Bank, N.A. As part…

By Kelly Phillips The Setting Every Community Up for Retirement Enhancement Act of 2019 (“SECURE” Act) was enacted on Dec. 20, 2019. This act changes regulations with regard to retirement fund access and planning that CPAs, employee benefit coordinators and…

2019 proved to be a good year for Simmons First National Corporation, the holding company of Simmons Bank. The company posted record earnings for 2019, racking up 237.8 million in net income. For comparison, Simmons reported $215.7 million in earnings…