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In the News

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$54 grant goes to ‘front door’ project

Ouachita Baptist University will soon have a “front door” entrance sign thanks to a $54,000 grant awarded to the university, President Dr. Rex M. Horne Jr., announced Tuesday.

Southern Bancorp picked to compete for Wachovia Next awards for opportunity finance

One of the nation’s largest and most prestigious awards programs in the financial services industry today announced Arkadelphia-based Southern Bancorp is a semifinalist for $5.5 million to scale up their success. Community development financial institutions (CDFIs) are special purpose financial institutions skilled at creating opportunities and economic growth in difficult markets across the nation.

More People Seeking Help to Pay for Energy Bills

With prices going up across the board, requests for utility bill assistance have increased, according to officials who help pay energy bills.

“Five thousand or more people must have applied in the five counties served,” said Betty Smith, executive director of the Pine Bluff/Jefferson County Economic Opportunities Commission.

Report on payday lenders: 101 comply, 55 defy Attorney General’s order to stop making loans

Arkansans Against Abusive Payday Lending (AAAPL) held a news conference July 16, 2008, to release a report evaluating payday lenders’ compliance with Arkansas Attorney General Dustin McDaniel’s March 2008 order to stop making loans. The report found that 101 of 156 lenders have complied with McDaniel’s order and stopped making loans while the remaining 55 remain open in defiance of the order.

Changes in Arkansas banking community under way

LITTLE ROCK – Further consolidation in Arkansas’ banking community likely is already under way, the CEO of Southern Bancorp said Tuesday.

“I think you’ll see probably massive consolidation here in Arkansas and I think that that’s probably under way right now and will continue,” Phillip Baldwin said after a speech at the Arkansas Small Business Awards luncheon.