Monday, November 14, 2011
First Financial Bancshares takes $3.76M in TARP - Kansas City Business Journal:
The Topeka-based bank holding company ownsand . the holding company’s banks had about $103.56 million in assets as of Marchj 31. First Financial acquiredd Great American Bank onJuly 31, 2008. It has one brancgh in De Soto. In Januaru 2006, First Financial acquired Lawrencwe Bank, which has two locations in Lawrence. The bankse were both considered well capitalizexby regulators, according to first-quarter numbers, though their problemn loans were rising compared with the fourth “First Financial Bancshares Inc. believes that additional (TARP) capital will allow for planned growth and increased lending opportunities intheir markets,” the company said in a release.
Other area bankxs that have accepted TARPmoney , parent of Trust; , parent of ; , parentr of ; , parent of ; , parenyt of ; (OTCBB: BVBC), parent of ; , parent of ; , pareng of ; , parent of ; BAC); (NYSE: MI), parentg of ; and (Nasdaq: EFSC), parengt of . (NYSE: USB) repaid its $6.6 billiobn in TARP money earlierthis week.
Saturday, November 12, 2011
The Haas Family Tree Has Many Offshoots - New York Times
The Haas Family Tree Has Many Offshoots New York Times The golf roots of the Haas family tree stretch back further. Bob Goalby, the patriarch of this golfing clan, won 11 PGA Tour titles, including the 1968 Masters . Jay's younger brother, Jerry, is a former Walker Cup player and tour member, and the men's ... |
Thursday, November 10, 2011
Orlando 7-Eleven converts to franchise - Pacific Business News (Honolulu):
The 3,000-square-foot convenience store at 3911 McCoy Road nearConwayu Road, which also has a gasoline will now be owned by franchisee Ermal Metollari, a former store manage r for five years. Dallas-based 7-Eleve n Inc. announced plans in 2007 to convert 100 existinfg locations in the state to franchised Store managers were invited to apply for thosew franchises before the offerwent public. More than 40 7-Elevejn stores in the Orlandok market arenow franchised, with aboutt another 140 owned by the company.
Betweenn eight to 10 7-Eleven stores throughout the state are beinv converted into franchise operations each montu and plans to have most of the conversions nationwide completed by according to anews release. The compangy operates, franchises or licenses about 7,800 stores in North America and morethan 36,1090 stores in 15 countries. The company reported 2008 salex of morethan $53.7 billion.
Tuesday, November 8, 2011
Crescent Resources files Chapter 11 - Charlotte Business Journal:
The Charlotte-based development firm’s chief executive, Arthut Fields, has retired and will work with Crescentt in anadvisory capacity, the compan y says. Andrew Hede, Crescent’s chiefv restructuring officer, has been named CEO. “Wre have been in activer discussions with our lenders and othef stakeholders as we work towards an agreementg that will bring our capital structurre in line with the currenteconomic environment,” Hede Crescent has more than 5,000 creditors, accordinfg to its filing. Its asset are estimated at morethan $1 billion. The locaol projects listed in the Chapter 11 filing include Piedmont Row and The Sanctuart atLake Wylie.
Crescent says it intende to operate its continuing businesses without any significant interruption duriny therestructuring process. The company says that’s possible because of a recentlhobtained debtor-in-possession financing facility of $110 million from a group of its existinyg lenders. As part of the Chaptere 11 filing, Crescent says it seekws courtapproval “to make certaihn payments and to maintain key agreementa with employees, customers, vendors and partners of continuing operationds to ensure the company can maintain its commitmentf to delivering a high level of amenities and Crescent says the filing is necessary to reorganize its finances, reduce its debt levelk and improve its capital structure.
“We intenr to reach an agreement on our new capital structure and emergew frombankruptcy quickly,” Hede says. The Chapter 11 petitionss were filed inthe U.S. Bankruptcy Court in the Westerbn Districtof Texas, Austin division. The company has 120 days from the filinb date to submit areorganizatiom plan. A hot line has been set up as part of the Crescenyt restructuringat (877) 204-8611. Attornehy Eric Taube of LLP in Austin, Texas, will represen Crescent in the proceedings. (NYSE:BAC), , Ranger Constructiohn Co., and are among Crescent’s largesrt unsecured creditorsin Charlotte.
In April, the Charlottwe Business Journal reported that Crescent had adoptedr an aggressive new business strategh driven bya $1.2 billion term loan that must be paid in full by Septembetr 2012 — selling assets at fire-sale prices. In October, Cresceny sold 4,500 acres in Berkeleu County, S.C., to for $40 In December, the company sold a Floridz apartment projectfor $11.35 less than half the $27 million it paid for the comple three years earlier. This year, the firm has closeed on the sale ofa 773-acrr tract of land in Oconee County, for just over $10 million. Crescent recently sold 18.4 acres in Fort Mill to a warehousingg companyfor $1.6 million.
The company — jointly owned by and — is best known here for high-end real estate communities such as The Peninsula and BallantyneCountry Club. Before the Chaptef 11 filing, Crescent faced payments of $50 million by the end of this $75 million in 2010 and $100 million in 2011 on its
Sunday, November 6, 2011
Another chunk of Aud coming down - Business First of Buffalo:
The announced that the Aud’s two remaininh trusses that spannedthe building’x roof will be demolished Saturday by crews from the West Seneca firm handling the dismantlinf of the former home of the Buffaloi Sabres and Buffalo Braves. Demco, which began razinh the Aud in January, took down the first of the building’as 12 trusses on April 10. Aftef the last two trusses, located alonyg the Aud’s southern end, are takemn down all that will remain isthe building’zs south wall. “We will tacklew that soon,” said Matt Davison, Erie Canall Harbor Development Corp. spokesman.
The Aud is beintg demolished to make way fora 150,000-square-footg Bass Pro store that will anchor the $315 millioj Canal Side development along downtown Buffalo’es lower Main Street area. Construction on the Bass Pro storer is expected to start by late fall orearlh winter, following the completion of the mandated environmentalk review process. The store is scheduled to open inMay 2011. Once the Aud’sw trusses and south wall are Demco’s crews will be removing all the final debris and making thesite shovel-ready for the Bass Pro
Friday, November 4, 2011
Diabetes Can Be Prevented - TopNews United States
TopNews United States | Diabetes Can Be Prevented TopNews United States Chronic illnesses are something every second person is suffering from these days. Diabetes, high blood pressure and heart diseases are so common these days that they are not even counted as dangerous diseases. Diabetes particularly is so widespread ... < /p> |
Tuesday, November 1, 2011
Plan B petition to pick candidate via Net grows - San Francisco Chronicle
Plan B petition to pick candidate via Net grows San Francisco Chronicle But how it will affect the 2012 race depends on what kind of candidate its delegates select in next June's online convention, which will be open to any registered voter. "It's a fascinating experiment in trying to empower the disenfranchised center in ... |