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  • 2023 U.S. News - Best Lawyers® "Best Law Firms"

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    Friday Firm ranked in the 2023 U.S. News - Best Lawyers® "Best Law Firms"

    November 10, 2022
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  • Robert Smith

    Robert T. Smith

    Bankers Looking to Make a Move Should be on Alert Following Recent Federal Reserve Ban

    July 20, 2021
    Bankers changing positions from one bank to another is nothing new in the industry. The volume of moves may ebb and flow over time, but we have witnessed this play out in the Arkansas market for years. While there is risk inherent in any move, bankers and their new employers are well advised to consider a few steps to mitigate legal risks accompanying the change. A recent Federal Reserve action imposing a lifetime ban on two Wyoming bankers is an alarming reminder of the severity of these risks.
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  • Lindsey Emerson Raines

    Lindsey Emerson

    Key Bankruptcy Amendments in New COVID-19 Relief Package

    January 4, 2021
    Congress’s most recent COVID-19 relief bill was signed into law on Sunday, Dec. 27, 2020, as the Consolidated Appropriation Act of 2021 (CAA). Title X of the CAA provides additional bankruptcy relief for individual and corporate debtors, as well as creditors impacted by COVID-19. Most changes are temporary as noted below.
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  • Madeline O. McElhanon

    Main Street Lending Program To Provide $600 Billion in COVID Relief For Businesses

    November 23, 2020
    As a component of the Coronavirus Aid, Relief & Economic Security Act, the Federal Reserve established the Main Street Lending Program to provide up to $600 billion in financing to businesses and nonprofit organizations negatively impacted by the onset of the COVID-19 pandemic.
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  • Coronavirus Alert

    Federal Reserve Makes Adjustments to Main Street Lending Program Terms

    November 2, 2020
    On October 30th, the Federal Reserve Board announced two adjustments to the terms of its Main Street Lending Program. These changes are designed to better provide support to smaller for-profit businesses and nonprofit organizations.
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  • Robert Smith & Madeline McElhanon

    Arkansas Banks Take Advantage of Low Rates on Subordinated Debt

    October 27, 2020
    With interest rates remaining historically low, a number of Arkansas banks have taken steps to secure an additional capital cushion through a subordinated debt offering. As reported earlier this year by American Banker, the pandemic has incentivized institutions to shore up capital as a protection against credit losses, as well as preparing to take advantage of potential lending and M&A opportunities.
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  • Coronavirus Alert

    SBA Releases New Interim Final Rule on Paycheck Protection Program

    August 28, 2020
    On August 24, the U.S. Small Business Administration (SBA) released a new interim final rule regarding the Paycheck Protection Program (PPP). This new interim final rule provides additional guidance on the applicability of owner compensation rules and the eligibility of certain nonpayroll costs for forgiveness.
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