News & Events Archive – November 2010

Randy Dennis Quoted in “Bank acquires another lender; Move buoys its Florida profile”

Arkansas Democrat | Saturday, November 20, 2010

by David Smith

LITTLE ROCK — Home BancShares bought its sixth failed bank from federal regulators Friday, the Conway-based owner of Centennial Bank said.

The bank bought Gulf State Community Bank of Carrabelle, Fla. The purchase strengthens Home BancShares Inc.’s position in the Florida Panhandle. [...]

Randy Dennis Quoted in “Citigroup Hires 200 Bankers as Small Firms Become Bigger Target”

Bloomberg Businessweek | Monday, November 15, 2010

Nov. 15 (Bloomberg) — Citigroup Inc. Chief Executive Officer Vikram Pandit, who for the past two years has championed the U.S. bank’s “globality,” may be getting a new mantra: locality.

Citigroup, which claims 2,500 of the world’s 3,000 largest corporations as clients, now says it also is targeting [...]

Randy Dennis Quoted in “Bank sanctions at decade high; In state, 25% reprimanded by Arkansas, U.S. regulators”

Arkansas Online | Sunday, November 14, 2010

By David Smith

LITTLE ROCK — One of every four banks based in Arkansas is under sanction this year by state or federal regulators – the highest ratio in at least a decade.

Twenty-one state-chartered banks have been reprimanded by the state Bank Department, which does [...]

Randy Dennis Quoted in “Small Banks Cheer Premium Plan, Larger Ones Fear Impact on Funding Strategy”

American Banker | Tuesday, November 09, 2010

WASHINGTON — The Federal Deposit Insurance Corp. is set to make a massive change to the way it calculates premiums, releasing a proposal Tuesday that would force banks to pay assessments based on total liabilities rather than domestic deposits.

Many community bankers are already celebrating the plan, which [...]

Randy Dennis Mentioned in “Harrell Bancshares to Acquire Two Benton County Signature Branches”

Arkansas Business | Tuesday, November 02, 2010

Northwest Arkansas continues to be a hot spot for banking in the state, despite significantly slower growth than was seen in 2004 when competing investor groups started three new institutions.

One of those “new” banks, Signature Bank of Arkansas, will sell two of its Benton County offices [...]