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Last updated on Friday, December 12, 2014, 3:16 pm

Lost License

Want some fresh news from the Dennis Smiley front? We have some — sort of. Smiley, as you know, left his job abruptly as president of Arvest Bank-Benton County in March when he was suspected of loan fraud. According to Uniform Commercial Code filings with the Arkansas Secretary of State, Smiley reportedly borrowed about $4.5 million from numerous Arkansas banks dating back to 2009. Now for the fresh news. In what may be a related event, Joseph Edward Bryan “Jeb” Mills, a longtime executive for Arvest Asset Management in Northwest Arkansas, was discharged from that position by a federal regulator on Oct. 10, three days after Mills learned he was being investigated by the Financial Industry Regulatory Authority Inc. (FINRA). While Mills is no longer a licensed broker with AAM,... [ MORE ]

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