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 ]