• Coronavirus Alert

    CARES Act Stimulus Plan - Provisions of Interest to Arkansas Banks

    March 27, 2020
    The recently enacted Coronavirus Aid, Relief, and Economic Security Act (CARES Act) creates an SBA loan program focused on supporting funding of payroll and other operating costs for small businesses – referred to as the Paycheck Protection Program.  These loans may be forgiven if certain criteria are satisfied.   The CARES Act authorizes the SBA to extend lending authority under the program to any financial institution that has the ability to “process, close, disburse and service loans”, meaning that even non-SBA lenders will have the opportunity to originate these loans for their customers.
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  • Lindsey Emerson Raines

    Lindsey Emerson

    New Bankruptcy Options for Small Business in the SBRA

    February 19, 2020
    The Small Business Reorganization Act (SBRA) took place on Wednesday, February 19, 2020, marking one of the most significant changes in bankruptcy law since 2005. The SBRA attempts to create a simplified and expedited process for small business debtors to propose, confirm and complete a plan of reorganization.
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  • Robert T. Smith

    Robert T. Smith

    Acquire Or Be Acquired?

    February 10, 2020
    Attorney Robert T. Smith recently attended the Bank Director “Acquire or Be Acquired” Conference in Scottsdale, Arizona. With a multitude of issues discussed, three issues were the main topic of the conference: Low-cost deposits, IT Costs and succession planning.
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  • Robert T. Smith

    Robert T. Smith

    High Volatility Commercial Real Estate Regulations Finalized

    January 13, 2020
    Late last year the FDIC, the Federal Reserve and the OCC finalized regulations on High Volatility Commercial Real Estate (HVCRE) first proposed in 2018. The final rule conforms the regulatory definition of HVCRE exposure to the statutory definition implemented under section 214 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) effective May 24, 2018.
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    U.S. House Passes Bill to Protect Banks Serving Marijuana Firms

    September 30, 2019
    By: Robert T. Smith Last Wednesday the U.S. House of Representatives approved the Secure and Fair Enforcement Banking Act (SAFE) by a vote of 321-103, with 91 Republicans voting in favor. SAFE protects banks that serve marijuana businesses operating legally at the state level. Specifically, the legislation would prevent regulators from penalizing banks solely for serving legal operators.
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    Arkansas Banks and Marijuana

    April 15, 2019
    With the rollout of medical marijuana in full swing for Arkansas-based cultivators, dispensaries and patients, businesses vying to provide them with products and services remain in an uncertain position.
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  • focusonevents (1)

    Firm to Host Tax Seminar in NWA Nov. 13

    September 27, 2018
    If you are an accountant or tax professional, you won’t want to miss this opportunity as the firm’s tax attorneys bring their wealth of knowledge directly to you.
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