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David Smith

Stories by David

Little Rock bank revises 1Q loss to $7.8M

posted: 05/23/2017 4:30 a.m. Discuss

Heartland Bank lost $7.8 million in the first quarter, giving it $15.7 million in losses in the past five quarters, the Little Rock bank said in an amended first-quarter report with federal regulators on Friday.

REAL ESTATE TRANSACTIONS: Printer, apartment complex, store change hands; Little Rock port buys 2 tracts

updated: 05/22/2017 4:30 a.m. Discuss

The Watkins Co. of Little Rock sold its 12.7-acre site in the Otter Creek Industrial Park to Indian Bayou Farms LLC last month.

State jobless rate dips to 3.5%, U.S. says

updated: 05/20/2017 3:22 a.m. Discuss

Arkansas' unemployment rate continues to drop, hitting 3.5 percent in April compared with 3.6 percent in March, a record low for the fourth-straight month, the U.S. Bureau of Labor Statistics said Friday.

40 acres on North Little Rock riverfront purchased for mixed-use development

posted: 05/19/2017 4:30 a.m. Comment 1

An architect and developer has purchased about 40 acres near the Arkansas River in North Little Rock with plans to build a mixed-use development.

REAL ESTATE TRANSACTIONS: Main Street Lofts building in Little Rock sold to Arizona developer

updated: 05/15/2017 4:30 a.m. Discuss

Developers are taking another shot at renovations to property on Main Street in Little Rock.

Startups getting Little Rock tech stimulus

posted: 05/11/2017 4:30 a.m. Comment 1

Two companies from New York, one from Mexico City and one from Little Rock are among the 10 early-stage businesses chosen for the second Financial Technology Accelerator program, the Venture Center said Wednesday.

Stone Bank branch goes ... not live

posted: 05/07/2017 1:55 a.m. Discuss

The predecessor to Stone Bank in Mountain View wrestled with a federal cease-and-desist order for five years, but the bank now is at the forefront of banking technology in Arkansas.

Entergy CEO says future holds no new coal plants

posted: 05/06/2017 1:49 a.m. Discuss

Entergy Corp. doesn't expect to build any new coal-fired power plants, its chairman and chief executive officer said in an interview Friday after the New Orleans-based utility completed its annual shareholders meeting in Little Rock.

Windstream shrinks 1Q loss

posted: 05/05/2017 2 a.m. Discuss

Windstream Holdings lost $111 million in the first quarter compared with a loss of $232 million in the same period last year, the Little Rock telecommunications firm said Thursday.

At WEHCO, papers' chief, Jeffus, retiring; Georgian to fill spot

posted: 05/04/2017 4:30 a.m. Discuss

Jeff Jeffus, president of WEHCO Media's newspaper division, announced his retirement Wednesday. Mark Lane, corporate vice president of sales with Morris Communications in Augusta, Ga., will replace Jeffus, 69.

Deltic Timber's earnings hit $1.1M in 1Q

posted: 05/04/2017 2:03 a.m. Discuss

Deltic Timber Corp. earned $1.1 million in the first quarter, the El Dorado company said Wednesday.

Utility with customers in Arkansas to commission: OK rate accord

posted: 05/03/2017 4:30 a.m. Discuss

Oklahoma Gas and Electric Co., which has about 65,000 customers in the Fort Smith area, asked the Arkansas Public Service Commission on Tuesday to approve a settlement in its case to change rates.

State looks at military support

posted: 04/27/2017 2:17 a.m. Discuss

The five military installations in Arkansas support more than 62,000 jobs and produce $3 billion in labor income, the Governor's Military Affairs Committee said in a study released Wednesday.

State's February home sales dip

posted: 04/25/2017 2:05 a.m. Discuss

Home sales in Arkansas dropped less than 1 percent in February, the first time in eight months that sales declined, the Arkansas Realtors Association said.

Topping $10B in assets, bank in new world

posted: 04/24/2017 2:09 a.m. Discuss

The past month has been the most strenuous of his life, John Allison, chairman of Home BancShares, told stockholders Thursday at the bank's annual shareholders meeting in Conway.

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