Arkansas CDFI channeling funds from Square into apps for underbanked

American Banker

Arkansas Investments Consumer banking

Arkansas credit union taps mobile video banking to reach more customers

Bank Innovation

River Valley Community Federal Credit Union serves 7,200 members out of just two branches in southern Arkansas. Operations & Best Practices Premium Retail Banking Arkansas Celent credit unions POPio River ValleySince its membership is spread out across the state and sometimes live as far away as 50 miles from a branch, it rolled out a video banking tool earlier this month to add a more human touch. The […]. Daily Post 2 Exclusive Experience & Design?


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Walmart Stays True To Arkansas


While Amazon is auditioning potential host cities in something that has turned into commercial real estate’s version of “The Bachelor,” Walmart has more quietly announced news that its new headquarters will stick with the firm’s historical home of Bentonville, Arkansas. Walmart’s current Arkansas headquarters was originally built in the early 1970s by founder Sam Walton. Retail Arkansas Bentonville Doug McMillon News walmart Walmart Headquarters What's Hot

Square invests in Arkansas community development financial institution

American Banker

Arkansas Square Community banking Payment processing

Arkansas CDFI strikes deal in home state

American Banker

Southern Bancorp, which recently raised $35 million in capital, agreed to acquire DeWitt First Bankshares, the parent of Arkansas County Bank. Arkansas CDFIs M&A Growth strategies

United Federal Credit Union in Michigan buying Arkansas branch

American Banker

Arkansas Credit unions Branch network Michigan Branch deals

Premier Bank of Arkansas Adds Kasasa Brand Products


Premier Bank of Arkansas' Kasasa Cash account currently earns a top rate on qualifying balances up to $20k. A companion savings account, Kasasa Saver, is also available

Walmart Pay Launches in Texas, Arkansas

Payments Source

Walmart Pay, the mega-retailer's mobile wallet, has gone live at its stores in Texas and Arkansas in anticipation of a national rollout. mobile technology

Arkansas: The South’s Unexpected Bastion Of Growth


Arkansas is an easily forgotten state in the Deep South. Landlocked and geographically smaller than some of its surrounding states, Arkansas tends to be better defined by the political personalities it produces. Which is not entirely unfair — Arkansas has produced some very interesting politicians. But Arkansas has also produced a pretty interesting store front business climate and perhaps a stronger one than most might expect.

More M&A in Arkansas

ABA Community Banking

Bank owned by Walton family to take out prominent bank in state Management M&A. 1Management

CFPB and Arkansas Attorney General Enter Into a Settlement Agreement with a Home-Alarm Company to Resolve FCRA Allegations

CFPB Monitor

The Complaint , filed in an Arkansas federal district court, alleges that Alder charged higher activation-fees for customers who had lower credit scores, but failed to provide them with the required risk-based pricing notice in violation of the FCRA.

Simmons First in Arkansas names new president, CFO

American Banker

Community banking Succession planning Hiring

Data Breaches Impact Unemployment Benefit Applicants In Four States


Arkansas, Colorado, Illinois and Ohio have warned tens of thousands of residents who have applied online for unemployment benefits due to COVID-19 of possible data breaches that could have exposed names, addresses and Social Security numbers.

Cornerstone League modifies branding

American Banker

The trade group representing credit unions in Arkansas, Texas and Oklahoma said the change is an attempt to better unify a variety of services the association offers. Arkansas Credit unions Marketing Texas Branding Oklahoma

Details Revealed About New Walmart HQ In Arkansas


Retail Amazon Apple Arkansas corporate headquarters News walmart What's HotNew details have emerged about Walmart’s planned new corporate campus in Bentonville, Ark., where the company is based, according to a report by Reuters. Walmart is one of many large companies that have revealed plans for new corporate campuses in the United States, against the backdrop of President Donald Trump asking American companies to make bigger investments at home.

CFPB, joined by South Carolina Dept. of Consumer Affairs and Arkansas AG, files lawsuit targeting service providers to pension advance products structured as purchases

CFPB Monitor

In filing the complaint, the CFPB was joined by the South Carolina Department of Consumer Affairs (SCDCA) and the Arkansas Attorney General. The CFPB filed a complaint in a South Carolina federal district court against Upstate Law Group LLC.

Home in Arkansas Close to Buying Unnamed Florida Bank

American Banker

The $9.6 billion-asset company disclosed in a recent regulatory filing that it has a letter of intent to buy an unnamed banking company in Florida with about $400 million in assets. breaking_news community-banking dealmaking-strategy

CFPB June 2016 complaint report highlights consumer loan complaints, complaints from Arkansas consumers

CFPB Monitor

The CFPB has issued its June 2016 complaint report which highlights complaints about consumer loans and complaints from consumers in Arkansas and the Little Rock metro area. Findings regarding complaints from Arkansas consumers include the following: As of June 1, 2016, approximately 4,200 complaints were submitted by Arkansas consumers of which approximately 38 percent(1,600) were from consumers in the Little Rock metro area. Barbara S. Mishkin.

Equity Bancshares to Buy Community First in Arkansas

American Banker

The $1.5 billion-asset Equity said in a press release Thursday that it will pay $68.8 million in cash and stock for the $475 million-asset parent of Community First Bank. breaking_news community-banking ks ar dealmaking-strategy

Bank OZK chief preaches patience to nervous investors

American Banker

The Arkansas bank is bracing for a rough 2020 amid record prepayments and a big substandard loan in its commercial real estate book, but CEO George Gleason insists shareholders will see "a nice payoff" in the long run. Commercial real estate lending Earnings Credit quality Arkansas

Looking back at 2019's community bankers to watch

American Banker

Community banking M&A Succession planning Branding Credit quality CRE Virginia California Arkansas Massachusetts LouisianaOne found a buyer, another announced plans to retire, and others took steps to reinvent their banks.

CFPB settles lawsuit against companies that brokered pension advance products structured as purchases

CFPB Monitor

In February 2020, the CFPB, joined by the SCDCA and the Arkansas Attorney General, filed a complaint in a South Carolina federal district court against Upstate Law Group LLC. CFPB Regulatory and Enforcement State Enforcement Arkansas FTC pension advance South Carolina

Bancorp South Offers Rewards Checking In Eight States


Bancorp South offers its Performance Checking and Performance Savings accounts in Alabama, Arkansas, Florida, Louisiana, Missouri, Mississippi, Tennessee, and Texas

CFPB continues to push the envelope in announcing settlement with brokers of pension advances

CFPB Monitor

The CFPB announced on August 14, 2019 that, subject to the approval of the Federal District Court for the Eastern District of Arkansas, the Bureau and the Arkansas Attorney General have entered into a proposed settlement with Andrew Gamber, Voyager Financial Group, LLC, BAIC, Inc., Under Arkansas law, a transaction is a consumer loan, as distinguished from a sale, only when there is a personal legal obligation of the consumer to repay the amount advanced to him or her.

Southern Bank's Rewards Checking Account Available in AR, IL, and MO


Southern Bank's new competitive rewards checking account, Southern Advantage, is available to residents of Arkansas, Illinois, and Missouri

Cross County Bank (AR) Rewards Checking Available Statewide


Cross County Bank (Arkansas) offers its competitive Kasasa Cash Checking, Kasasa Cash Bank, and Kasasa Saver accounts on a statewide basis

The banks serving active duty personnel

Independent Banker

Under Larry Wilson’s leadership, First Arkansas Bank and Trust’s branch on the Little Rock Air Force Base was named the 2020 Air Force Bank of the Year.

Timberline Federal Credit Union (AR) Has New Kasasa Cash Checking


Timberline Federal Credit Union (SE Arkansas) has a new Kasasa Cash Checking account, which currently earns a top rate on qualifying balances up to $15k

Home BancShares' chief takes pay cut after investors reject executive comp

American Banker

Johnny Allison, the Arkansas company's chairman and CEO, agreed to reduce his base salary by 20%. Executive benefits Compensation Community banks

Bank OZK to exit Alabama with branch sales

American Banker

The Arkansas bank is selling its two branches in the state to Merchants & Marine Bancorp and FEB Bancshares. Revenue and expenses Alabama Branch deals Community banks

Brokered deposits help banks help their communities

American Banker

Peoples Bank in Arkansas once used brokered deposits to fund more loans to underserved borrowers. It could do so again if Congress loosens restrictions, says CEO Mary Fowler. Diversity and equality FDIC Deposits Deposit insurance Portfolio diversity Consumer banking

Agora Brings Real-Time CX To Community Banks, Backed By The ICBA And The Venture Center

Tom Groenfeldt

When the community bankers' trade association went looking for a tech accelerator that could help provide next gen apps for smaller banks, it selected The Venture Center in Little Rock, Arkansas which had experience developing apps for FIS

From the trenches: How one bank’s digital chief is guiding virus response

American Banker

Simmons Bank in Arkansas is dealing with extra traffic on its digital channels and added call volume while communicating with customers through email, push notifications and even snail mail as well as its new app, says Alex Carriles.

Walmart Pay Won’t Make a Dent in Card Usage, For Now

Bank Innovation

First announced in December 2015, the latest in the mobile wallet pipeline – Walmart Pay – is live as of yesterday to Walmart shoppers at 110 branches in Arkansas and a further 500 in Texas. The feature will be available in all stores “soon,” the company said. Card transactions carry Read More. Cards Commerce E-Commerce Mobile Online Payments MCX Mobile Payments mobile wallets walmart Walmart Pay

Can CDFIs help their communities while keeping investors satisfied?

American Banker

Southern Bancorp in Arkansas, which raised $35 million in capital from private investors, is out to prove that that community development financial institutions can deliver attractive returns and fulfill their missions to help the underserved.