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?

Walmart Stays True To Arkansas

PYMNTS

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

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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

More M&A in Arkansas

ABA Community Banking

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

Arkansas: The South’s Unexpected Bastion Of Growth

PYMNTS

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.

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

PYMNTS

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.

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, 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.

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 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.

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

BankDeals

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

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.

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

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

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

Simmons First, Great Southern mulling branch closures

American Banker

Simmons First, which is based in Arkansas, plans to shutter 23 locations later this year, while Great Southern in Missouri has hired a firm to take a look at its network. Revenue and expenses Branch network Community banks

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

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. Digital banking

Bank OZK exits another state by selling branches

American Banker

The Arkansas bank is selling two South Carolina branches to a credit union just two weeks after announcing plans to divest its branches in Alabama. Credit unions Community banking M&A Branch deals South Carolina

Walmart Tests Store Without Cashiers As COVID-19 Accelerates Change

PYMNTS

Whether cashiers go the way of the horse and buggy could hinge on an experiment Walmart is running in Arkansas. The Arkansas experiment comes as Walmart embarks on a major overhaul on how it interacts with its customers in the wake of the COVID-19 pandemic. The largest brick-and-mortar retailer in the United States is replacing its traditional, cashier-staffed checkouts with self-checkout registers at its store in Fayetteville, Ark., according to local news reports.

Travel Quarantine Presents New Challenges for Your CU

New York's State of Mind

According to press reports, the quarantine currently impacts persons traveling from Alabama, Arkansas, Arizona, Florida, North Carolina, South Carolina, Utah […]. At 12:01 a.m. this morning Governor Cuomo joined the Governors of New Jersey and Connecticut in imposing a 14 day quarantine on persons entering the Tri-State area from states experiencing spikes in the COVID-19 virus.

US DOJ Charges 14 With $28M In PPP Fraud

PYMNTS

In Arkansas, a project manager employed by a major retailer has pleaded guilty to bank fraud charges for filing fraudulent bank loan applications seeking more than $8 million in PPP loans. Benjamin Hayford, 32, of Centerton, Arkansas, is scheduled to be sentenced on Nov. The U.S.

Fraud 247

Small banks' battle to thwart unemployment scams

American Banker

Peoples Bank in Arkansas and Main Street Bank in Massachusetts are getting smarter about spotting suspicious transactions tied to unemployment benefit fraud as well as warning customers what to watch out for. Digital banking Fraud detection Elder fraud Fraud Cyber security Community banking Coronavirus Digital Banking 2020

Walmart Forms Company To Sell Insurance Amid Healthcare Push

PYMNTS

The business’ moniker was initially filed late last month in Arkansas with the secretary of state, MedCityNews reported. Walmart opened clinics in Springdale, Arkansas and Loganville, Georgia in June. As it grows its healthcare offerings beyond low-cost clinics and technology to help patients manage their medications, Walmart has formed a new company to sell insurance policies called Walmart Insurance Services LLC.

Regulators Close Ark. Bank in Year's Fifth Failure

American Banker

Arkansas regulators have closed the $66.3 million-asset Allied Bank in Mulberry, the fifth institution to fail this year. breaking_news dealmaking-strategy law-regulation community-banking

Walmart's New Insurance Brokerage To Sell Medicare Plans

PYMNTS

In June, the company opened clinics in Springdale, Arkansas and Loganville, Georgia. As it expands upon its efforts to provide health services, Walmart is rolling out licensed insurance brokerage Walmart Insurance Services, LLC.

California Goes Back Under Lockdown

PYMNTS

Cases in Alabama, Alaska, Arkansas, Georgia, Hawaii, Idaho, Louisiana, Montana, Nevada, Oklahoma, South Carolina, Tennessee and West Virginia surged by more than 20 percent in the past week, according to Johns Hopkins. . The data reveals that many states, including Arkansas, California and Nevada, have reported an increased rate of positive coronavirus tests. The number of coronavirus cases in the U.S. surpassed 3.3

Podcast: The Girl Banker on Career Advancement and Life Lessons

ABA Community Banking

Natalie Bartholomew is chief administrative officer at Grand Savings Bank in northwestern Arkansas, but she is probably better known for her popular blog "The Girl Banker," which provides advice on career advancement and work-life balance for women in banking as well as spotlighting female leaders in financial services.

Gatik Partners With Walmart For Autonomous Vehicle Deliveries

PYMNTS

People in Arkansas can now get groceries delivered via a new Walmart pilot with Gatik using self-driving cars that include a human safety driver behind the wheel. Following the state’s new law allowing autonomous vehicles, Palo Alto, California-based Gatik was approved by the Arkansas Highway Commissioner to launch a commercial service with Walmart, Walmart said in a press release. .

Coinbase Offers Bitcoin Cash Loans Of Up To $20K In 17 US States

PYMNTS

Initially, the loans are available in the following states via the waitlist: Alaska, Arkansas, Connecticut, Florida, Georgia, Illinois, Massachusetts, New Hampshire, New Jersey, North Carolina, Oregon, Texas, Virginia, Nebraska, Utah, Wisconsin and Wyoming.