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Bank of Little Rock

Bank of Little Rock - News

Arvest Bank in Little Rock Names Virgil Miller as New CRA Director
Miller's career in banking stretches back 36 years, the last 13 of which were spent at Metropolitan National Bank in Little Rock, where he served as the CRA officer. Miller, a graduate of Arkansas Tech University, also worked at Worthen Bank, Boatmen's

Five-minute guide to interest rates
Five-minute guide to interest rates The number of people out of work is just above the target set last year by Bank of England Governor Mark Carney, which could trigger a review on raising interest rates. On Friday, Carney said that interest rates were likely to remain low in the medium

The Gadfly of Greenwich Real Estate
Though the Federal Reserve's policy of rock-bottom interest rates over the last few years has revived the value of many of the nation's subdivisions and sent stocks soaring to historic highs, it has prompted only modest interest in the over-the-top

Down in the polls, Stephen Harper finds public affection abroad
Down in the polls, Stephen Harper finds public affection abroad And on this, his first-ever trip to Israel, it was like the pent-up appreciation finally let loose, with a standing ovation in the Knesset, praise at Tel Aviv University, where he was awarded an honorary doctorate, and at the Western Wall, where he got

Otis Elevator At Arvest Bank Downtown Little Rock, Ar

Riding the elevator at Arvest Bank. ~Elevator # 2725 Info~ Brand: Otis Type: Geared Traction Capacity: 3500 LBS Speed: 350 FPM No. Of Floors: 5 ...

Frank Scott Jr. takes helm as Little Rock mayor, promises 'new day' in City Hall

In Pulaski County, Eric Higgins was sworn in as the first black sheriff Tuesday morning . Hours later, Terri Hollingsworth took her oath of office as circuit/county clerk, becoming the first black woman to hold any countywide office in Pulaski County.

Six members of the city Board of Directors also took oaths of office for new four-year terms. City Directors Erma Hendrix, Ken Richardson, Doris Wright and B.J. Wyrick were re-elected to their seats, and Kathy Webb and Lance Hines were unopposed in November's election.

"I look forward to continuing to work hard for Ward 3 and for all of Little Rock's residents," Webb, who represents the Hillcrest and midtown areas, wrote on Facebook. "My goal is the same as the mayor's, for our city to be a place where everyone can reach his or her full potential."

The ceremony marked the first transition of power for the city's top political office in 12 years. Monday was former Mayor Mark Stodola's last day. He was elected in 2006 and received applause Tuesday for his three terms of service.

This CEO must prove he has CRE under control

Few banks have fallen as far and as fast as Bank OZK did in 2018.

The question now is how far — and how quickly — can the $22 billion-asset bank bounce back?

Shares in the Little Rock, Ark., bank fell 56% this year, including a 28% plunge in October. A big reason for investor skepticism is Bank OZK's exposure to commercial real estate, which prompted the bank to write off nearly $46 million in loans during the third quarter.

Bank OZK shares still trade below $30, and analysts believe they will languish for the foreseeable future.

"There’s almost nothing they can do to get the stock to reverse,” said Stephen Scouten, an analyst at Sandler O'Neill. “I don’t know if it’s fair," but "they lost whatever credibility they had. It’s going to take some time to earn back.”

George Gleason, Bank OZK's chairman and CEO, will be in the spotlight in 2019 as he looks to contain the bank's CRE exposure and win back anxious investors. For those reasons, he is one of American Banker's community bankers to watch in the new year.