Sam Hatcher, who launched and built Main Street Media into a holding company for suburban news and lifestyle publications, is stepping down as publisher as The Wilson Post following Main Street's sale to former Tennessean executive Dave Gould. Hatcher said he will "continue hanging around and kind of helping" with the company.
Pennsylvania-based Marmon/Keystone has opened a metals service center in Mount Juliet, near Interstate 40 and 25 miles east of downtown Nashville. This is the first Tennessee-based facility for the division of Berkshire Hathaway, which was founded in Butler, Pa., in 1907 and works with a range of local companies as well as machine and fabrication shops.
Product offerings include aluminum and stainless pipe and tubing, along with cold drawn seamless, cold rolled electric weld, drawn over mandrel and hot rolled seamless steel tubing. The 43,000 square-foot facility houses a team of four employees who operate two 10-ton overhead cranes and two fully-automated Amada band saws with a 21" OD capacity.
Stan Hayes, the former manager for Wilson Bank & Trust's Murfreesboro branch, is bringing more headaches to the bank's leadership. Murfreesboro bar owner Amanda Gallagher and Tony Hinson have sued the bank over Hayes' actions, which Gallagher says have resulted in two foreclosures and almost $3 million in damages. In a piece in the Murfreesboro Post, Gallagher's tone is a lot stronger than that of home builder Ken Howell.
“I was never late on any payment,” Gallagher said. “Yet, they immediately placed the loan into default with the first month of the loan and began charging me 18 percent interest without my knowledge. They never sent a letter or called me, and even today, I have been unable to obtain documentation that shows I defaulted on my loan.”
A Rutherford County jury has ordered Wilson Bank & Trust to pay $7.5 million in compensatory and punitive damages to home builder Ken Howell, his wife and two of his companies. Howell had sued after former Wilson branch manager Stan Hayes had manipulated his entities' loan accounts by forging signatures. The bank may appeal the verdict; Howell says he simply wants to close the book on the episode.
“They need to make the victims whole, and we both need to move on,” Howell said. He noted that he owes several local companies money after closing his business and plans to “square up” his accounts.
California-based Boot Barn will later this month open the doors to its fourth local store, a 15,000-square-foot outlet off Interstate 40 in Lebanon. The chain, which last year bought the RCC Western Stores chain, also runs stores in Cool Springs, Goodlettsville and Opry Mills. The opening is coming about six months after RCC had originally planned to set up shop as part of a fledgling 700-acre entertainment district that would include a minor-league hockey team. (Here's a map of those plans, which haven't gone far since.)
Wilson County commissioners wanting to construct an exposition center at the county fairgrounds have upset folks in the hospitality industry who say their rates will become uncompetitive because of proposesd tax hikes. Chris Cannon and NewsChannel5.com have the story here.