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Wednesday, April 23, 2014, 7:53 p.m.
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David Smith

Stories by David

New-vehicle titling jumps 38% in state

posted: 04/23/2014 3:12 a.m. Discuss

The number of new vehicles registered in Arkansas jumped 38 percent in March to 9,573 compared with the same month last year, Cross-Sell of Lexington, Ky., said Tuesday.

19 banks put liens on stock, suit says

posted: 04/22/2014 3:45 a.m. Comment 1

At least 19 banks loaned money to former Arvest Bank executive H. Dennis Smiley Jr. based on the same collateral, according to a lawsuit. There’s a safety net designed to prevent that from happening, but the banks apparently didn’t take advantage of it, sources said.

State jobless rate dips to 6.9%, lowest since ’09

posted: 04/19/2014 3:41 a.m. Discuss

Arkansas’ unemployment rate fell to 6.9 percent in March, the first time it’s been below 7 percent since it was 6.8 percent in January 2009, the U.S. Bureau of Labor Statistics said Friday.

Conway bank’s earnings set mark

posted: 04/18/2014 2:02 a.m. Discuss

Home BancShares, the parent company of Centennial Bank, had record net income of $27.3 million in the first quarter, the Conway bank said Thursday.

Assets up, earnings drop for Simmons

posted: 04/18/2014 1:58 a.m. Discuss

Simmons First National Corp., which has acquired two Arkansas banks in six months, reported earnings of $4.4 million in the first quarter, the Pine Bluff bank said Thursday.

Receiver named in water firm suit

posted: 04/17/2014 3:20 a.m. Discuss

Pulaski County Circuit Judge Mackie Pierce agreed Wednesday to appoint Michael McAfee as receiver in a lawsuit filed by Simmons First National Bank against Mountain Pure Water Co. of Little Rock, its owner and others.

Bank of Ozarks’ net income rises by 26% in first quarter

posted: 04/15/2014 2:37 a.m. Discuss

Bank of the Ozarks earned $25.3 million in the first three months of this year, a 26 percent improvement over net income of $20 million in the same period last year, the Little Rock bank said Monday.

Ex-St. Bernard adviser faces complaint in court

posted: 04/11/2014 2:18 a.m. Discuss

The Arkansas Securities Department filed a complaint Thursday in Pulaski County Circuit Court against William David Crain, a former investment adviser with St. Bernard Financial Services of Russellville, seeking to enforce a subpoena against him.

Business plans for eye drug, dolls win UA, JBU teams $25,000 each

posted: 04/10/2014 3:22 a.m. Discuss

Four University of Arkansas students who developed a business plan for a drug that treats age-related macular degeneration won the graduate award in the 14th Donald W. Reynolds Governor’s Cup collegiate business-plan competition Wednesday.

Restaurants scrounge for crawfish

posted: 04/09/2014 3:14 a.m. Discuss

Cafe Rue Orleans owner Maudie Schmitt will put in a call today for about 800 pounds of crawfish. That’s about 200 pounds less than she can realistically sell this weekend at the Fayetteville restaurant, but likely a larger order than her supplier can accommodate.

Utilities plan rate increases over fuel costs

posted: 04/08/2014 5:05 a.m. Discuss

An increase in natural-gas prices since the fall means Arkansas customers will see a jump in their utility bills this summer, company executives and a regulator said Monday.

Auto registrations up 86% over ’13 in state

posted: 04/03/2014 3:33 a.m. Discuss

Auto registrations in Arkansas jumped 86 percent in February compared with the same month last year, Cross-Sell of Lexington, Ky., said Wednesday.

Ex-One Bank & Trust exec indicted on federal charges

posted: 04/03/2014 3:27 a.m. Discuss

Gary Rickenbach, former senior vice president of One Bank & Trust in Little Rock, was charged with one count of conspiracy to commit bank fraud and four other offenses by the U.S. attorney’s office Wednesday.

Tyson’s stock growth tops index in quarter

posted: 04/01/2014 3:01 a.m. Discuss

Shares of Tyson Foods Inc., a processor of meat products distributed worldwide, jumped more than 31 percent in the first quarter, easily the best performance of any Arkansas stock in the first three months of the year.

Rural lenders seeking ways to get to town

posted: 03/30/2014 2:59 a.m. Discuss

Bank sales in Arkansas are giving other banks in the state the opportunity to open branch offices in metropolitan areas.

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