Roby Brock

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Roby Brock of TalkBusiness.net covers business and political news happening in Arkansas.

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Metropolitan National Bank is expected to be acquired by a limited liability company tied to Dallas billionaire banker, Gerald L. Ford.

According to Metropolitan’s CEO Lunsford Bridges, the privately-held Little Rock bank will change ownership after a Chapter 11 bankruptcy proceeding of its current shareholder group, Rogers Bancshares. Rogers Bancshares was the holding company for the bank under the leadership of businessman Doyle Rogers, who died in February at the age of 94.

Talk Business Arkansas

Tenacity and perseverance are two traits that successful entrepreneurs usually have in spades. Home Bancshares chairman John Allison certainly does and his bank’s acquisition last week of Jonesboro-based Liberty Bancshares for $280 million proves the point.

Nordex USA says it is shuttering its Jonesboro production facility that once promised to employ 750 workers.

The plant, which manufactured “nacelles” for large wind turbines said it will complete the orders in its pipeline and then shut the $40 million factory down. Nacelles house the engine and other key turbine components and sit high atop a wind turbine tower.

press conference video feed

Home BancShares Inc. of Conway on Tuesday announced the signing of a definitive agreement worth $280 million to acquire Liberty Bancshares Inc. of Jonesboro, the largest in-state bank transaction in Arkansas history.

Under the terms of the agreement, approximately 400 shareholders of Liberty will receive $250 million of Home BancShares common stock plus $30 million in cash.

arkansashighways.com

Roby Brock of Talk Business covered a joint press conference with Gubernatorial candidate Mike Ross (D) and John Burkhalter (D) a candidate for Lieutenant Governor. 

Democratic gubernatorial candidate Mike Ross and Lt. Governor candidate John Burkhalter mutually endorsed each other and promised to work jointly to create more jobs in Arkansas if elected.

A group called “Mayors Against Illegal Guns” is out with a new TV ad today which steps up their criticism of Sen. Mark Pryor (D) for his vote against the failed Manchin-Toomey gun background check bill.

The latest ad features Angela Bradford-Barnes, who was the chief financial officer of the Democratic Party of Arkansas from 2007 to 2012 – a period when then-DPA chairman Bill Gwatney was killed in a random act of gun violence.

David Sterling says his conservative leanings and the absence of other candidates led to his decision to enter the 2014 Attorney General’s race.

Appearing on the latest Talk Business Arkansas webcast/podcast, Sterling said he will seek the GOP nomination for Attorney General next year in an effort to offer voters a conservative choice in the race.

Greg Hatcher, CEO of The Hatcher Agency, says health insurance reform measures are about to kick in a higher gear for state businesses, but none of his accounts are weighing absorbing penalties over providing coverage.

Congressman Tim Griffin (R) says Fourth District Cong. Tom Cotton will be the GOP nominee for the U.S. Senate in 2014 even if “he doesn’t know it yet.”

Griffin appeared on Talk Business Arkansas this week to discuss the Senate race, GOP politics and the latest from the Pegasus pipeline oil spill in Mayflower.

On the heels of last week’s legislative session where state lawmakers approved the “private option” health insurance plan, Arkansas Medicaid leaders are already working to move the proposal forward.

The new law, known as the Health Care Independence Act, outlines the framework for allowing Arkansas to use Medicaid expansion money from the federal government to subsidize health insurance for low-income workers in a forthcoming health insurance exchange.

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