Finance & Banking

Four Arkansas banks have been scheduled for a Community Reinvestment Act (CRA) examination during the first half of 2021. Two banks are slated to be examined in the first quarter with two scheduled for the second quarter. The Federal Deposit…

An Illinois credit union has agreed to purchase four Simmons Bank branches near St. Louis. Citizens Equity First Credit Union (CEFCU) of Peoria, Ill. and Simmons Bank have entered into an agreement that will allow the credit union to acquire…

The Dow Jones Industrial Average broke a glass ceiling on Tuesday, surpassing the 30,000 mark for the first time ever. At the close of business, the Dow Jones rested at the 30,046.24 mark. This was an increase of 454.97, or…

Burt Hicks has made a tremendous impact on the Arkansas banking world in a decade of working in finance. A native of Pearcy, he first worked on Wall Street as an investment banker for Merrill Lynch and Bank of America…

The Federal Reserve System has fined Farmers Bank and Trust Company of Blytheville for practices that violate the National Flood Insurance Act. On Tuesday, Nov. 10, the Federal Reserve issued an Order of Assessment, stating that the Blytheville-based bank had…

Federal interest rates will remain near zero, the Federal Reserve announced on Thursday. The Federal Reserve will maintain its current course, keeping the federal funds rate at 0 to 0.25 percent. Following a the Fed’s policymaking committee, the Federal Open…

Approximately 95 percent of U.S. households had bank accounts in 2019, based on a new survey from the Federal Deposit Insurance Corporation (FDIC). For this survey, FDIC partnered with the U.S. Census Bureau to collect responses on banking from approximately…

For the third quarter of 2020, Simmons First National Corporation’s net income fell by almost $16 million compared to 2019’s third quarter results. Simmons Bank netted $65.9 million for the quarter that ended Sept. 30. This was a decrease of…

As financial company headquarters go, Sowell Management’s digs, while nothing to sneeze at, is far from a towering glass-and-steel edifice befitting Gordon Gekko of Wall Street fame. Tucked into an office park just yonder of Maumelle, the single-story building is…

The coronavirus pandemic accelerated the world’s digital transformation through the increased use of online banking and mobile payment services. As the use of cold, hard cash becomes less common and the value of the dollar weakens, more individuals and companies…