Independent Banker
JANUARY 31, 2022
Darrin Williams, an attorney and former Arkansas state representative, wasn’t interested when Southern Bancorp, Inc. Relyance is working to increase its mortgage lending but sometimes isn’t able to make loans for some customers. By Judith Sears. Name: Southern Bancorp. Assets: $2 billion. Location: Arkadelphia, Ark.
CB Insights
OCTOBER 26, 2017
Across the US, well-funded companies are rethinking how the financial system operates. California-based lending unicorn SoFi is the most well funded fintech company with just over $2B raised since 2011. LumoXchange (Arkansas, $200k raised) and CreditPoint Software (Oklahoma, $1.1M Click on the image below to enlarge.
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Fintech Labs Insights
AUGUST 6, 2015
Lending Club provided investors with plenty to think about in its Q2 2015 earnings conference call this week. Here are a few of the highlights from a second quarter that saw Lending Club reach $11.2 Opened to investors in Texas, Arizona, Arkansas, Iowa, and Oklahoma. billion in total originations. Renaud Laplanche is CEO.
Independent Banker
NOVEMBER 24, 2014
In Arkansas, Jim S. When Gowen first arrived at Merchants & Planters in 1983 to serve as its president and senior lending officer, the bank had two branches and $47 million in assets. Today, a proud survivor of industry consolidation pressures, the bank has $250 million assets and operates 11 locations in five counties.
Jeff For Banks
SEPTEMBER 13, 2011
Last post was dedicated to the #4 Bank, Bank of the Ozarks of Little Rock, Arkansas (see post here ). ESB operates like many other thrifts. ESB operates like many other thrifts. ESB does traditional mortgage lending, with some commercial real estate too, funded by retail deposits with a heavy dose of CDs.
CFPB Monitor
OCTOBER 26, 2021
The Biden Administration’s prioritization of fair lending as a law enforcement focus took center stage last week with the announcement that the U.S. Attorneys’ Offices “as force multipliers to ensure that fair lending enforcement is informed by local expertise on housing markets and the credit needs of local communities of color.”.
Gonzobanker
FEBRUARY 7, 2018
Allison bragged that Home BancShares has created more millionaires than any company in Arkansas [Note: we may need to fact check that with Walmart shareholders]. Banks have driven earnings by turning on the lending spigot in the past seven years, but with rates rising, funding has become the front and center strategic challenge for banks.
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