Cumberland University has promoted Meredith McDowell to assistant athletic director, putting her in charge of fundraising. McDowell, who earned her MBA from Cumberland in 2011, had been managing the Lebanon school's annual fund since last year. The Wilson Post has more.
An apparent heart attack during a cycling event on Saturday claimed the life of veteran Lebanon attorney Jere McCullough, who also was chairman and a former CEO of Mountain States Contractors. Rochelle McCulloch & Aulds is home to about a dozen attorneys and bills itself as the largest firm in Wilson County. Jared Felkins at the Lebanon Democrat has much more on McCulloch's death.
UPDATE: The firm has posted the following statement on its home page and invited people to share memories at its Facebook home.
Wilson Bank & Trust is scoring some points with its client base after rolling out a suite of online and mobile financial management tools developed by MoneyDesktop. The bank introduced the software after being asked by a number of clients to look into Mint.com or something like it. More than a quarter of Wilson Bank & Trust's customers have since used MoneyDesktop's tools. American Banker has the story, while the companies' news release is here.
The Lebanon City Council is pondering raising the city's property tax rate to 61 cents per $100 of assesssed value from 34.5 cents per $100 of assessed value. Lebanon City Mayor Philip Craighead favors the hike. Janet Kim and NewsChannel5.com have the story here.
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.”