The board of Clarksville-based First Advantage Bancorp (Ticker: FABK) has voted to increase the company's quarterly dividend by 40 percent to 7 cents. The first payout under the new rate will be made on Feb. 15 to shareholders of record on Feb. 1.
“The Board is pleased to deliver a return to the shareholders who have invested in our organization, reflecting our performance in 2012,” said Earl Bradley, a First Advantage Bancorp director and CEO of First Advantage Bank. “We are confident that our continued strong financial performance and growth strategy will help leverage our capital to build shareholder value.”
The Haslam family’s Pilot Flying J chain of gas stations is teaming with two companies from the fitness world to develop gyms at a number of its locations. The second center in the collaboration with Snap Fitness and wellness firm Rolling Strong will host a grand opening Jan. 31 off Interstate 40 in Lebanon. Monthly gym dues are $19.95 for the trucking community, money that also gets them access to the 1,300 other Snap Fitness clubs worldwide.
“The Snap Fitness Rolling Strong gyms are designed to accommodate the trucking community and those who travel frequently for business or vacation, so they can get the workouts they need quickly and conveniently,” said Peter Taunton, CEO and Founder of Snap Fitness. “We hope these express fitness centers will help thousands of daily travelers achieve their fitness goals and get better results while on the road.”
John Lancaster has plenty of reasons to smile these days. The president and CEO of Lebanon-based First Freedom Bank and his team have put a bow on a year when their net income grew more than 50 percent, their net interest margin topped 4 percent and they bid adieu to TARP.
HealthSpring announced today its has opened a patient-centered LivingWell Center in Lebanon.
The new center, which initially will serve almost 2,400 local members, is exclusive to HealthSpring members and will serve as a complementary extension of the members’s primary care physicians to focus on preventive care and patient education.
“Our vision in establishing the LivingWell Center is to deliver a completely personalized health care experience tailored to each one of our members,” Greg Allen, president of Nashville-based HealthSpring of Tennessee, said in a release.
The team members at the Williamson County Office of Economic Development were at the end of 2012 chasing projects that could bring almost 10,000 jobs to the county. That number was down about 15 percent from three months before, as was the total square footage those companies were looking for. But given some of the seasonality involved, it's worth looking at year-ago numbers, too. Compared to the end of 2011, the total number of jobs in play was up 3 percent, and the space companies were looking for was 12 percent larger.
Today is a special day at First Farmers & Merchants Bank in Columbia, where both Chairman and CEO Randy Stevens and Chief Administrative Officer John Tomlinson are marking their 40th anniversaries at the bank. Both men are natives of Columbia who started work at First Farmers on Jan. 22, 1973, and have since helped shape its growth from less than $40 million in assets to more than $1 billion.
"First Farmers & Merchants Bank would not be where it is today were it not for Randy's and John's four decades of hard work and devotion to customers, employees of the bank and the people of Middle Tennessee," said Virgil H. Moore, Jr., senior chairman of the Board, who hired both men to the bank in 1973. "Their efforts and steady leadership have helped our employees build a bank with a solid balance sheet and a reputation as a stable and secure financial institution."
Vanderbilt Health System CEO Wright Pinson spoke this week to members of the newly merged Williamson County Chamber of Commerce. His talk covered a lot of high-level policy ground and the strategic options for hospital players. He also discussed how the VUMC system plans to tackle the brave new world of health care post reform.
Then he switched gears a bit and filled in the crowd on his team's plans — announced in the fall of 2010 — to consolidate many of its Williamson County providers in one setting on the east side of Interstate 65. This is the first time we've seen the rendering below, which shows the $82 million complex from the east side as it will face Carothers Parkway.
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