Bill Coleman has joined the downtown Franklin office of Landmark Community Bank as vice president of cash management services.
Coleman, who most recently served as a vice president at First Vision Bank in Murfreesboro, will oversee Landmark Community Bank efforts involving positive pay, account reconciliation, ACH and wire services, remote deposit capture and online banking, according to a release.
Coleman started his banking career with Banker’s Trust in Nashville and later worked with Tennessee Commerce Bank and Republic Bank in Franklin.
He earned a bachelor’s degree in business administration from Middle Tennessee State University.
“Landmark’s approach to commercial banking is unique, and my job is to do whatever it takes to help our clients be successful,” Coleman said in the release. “This is a true community bank, where we understand the customer’s objectives and offer a solution to fit those needs, not the other way around. That kind of relationship banking, along with the competitive rates and options, made this role very attractive.”
Landmark Community Bank is based in Collierville, Tennessee.
Nashville-based Claritas Capital has provided a $10 million investment in Century Farms LLC, with the capital to be used to acquire 300 acres in the Antioch/Cane Ridge area of South Nashville and for infrastructure development.
The mixed-use property site will include retail, office and multi-family spaces.
Nashville-based Oldacre McDonald and Atlanta-based TPA Group are developing Century Farms.
“Given that Century Farms is located in the heart of the Nashville-Murfreesboro corridor, the fastest growing area of Nashville, we are very excited to be involved in this opportunity” Bob Fisher (pictured), Claritas Capital managing partner, said in a release.
Pinnacle Financial Partners has completed its acquisition of CapitalMark Bank & Trust in Chattanooga, a move that grows Pinnacle to 37 offices and $7.6 billion in assets. CapitalMark's four offices will keep their name until next March, when the integration of the two companies will be wrapped up.
Local accounting and consulting services company LBMC has overhauled its branding with the help of Greenfield Belser, a Washington, D.C., firm.
LBMC leaders began thinking about a new look and tagline more than a year ago as they were preparing for a leadership change. New Managing Partner Jeff Drummonds promises the firm will become more visible and deliver its message with "a little more swagger."
Founded in 1984 and now employing nearly 450 people in three offices, LBMC also has rebranded some of the companies under its umbrella. Here's how the group is now positioned:
• LBMC (refers to the entire family of companies)
• LBMC PC
• LBMC Staffing Solutions
• LBMC Technology Solutions
• LBMC Employment Partners
• LBMC Investment Advisors
• LBMC Information Security
• LBMC Physician Business Solutions
• LBMC Business Process Solutions
“This brand is exactly who we are: it is innovative, it is forward thinking, put simply, it is us,” said Leisa Gill, director of marketing. “The world today is a noisier place with more distractions. The new LBMC brand, materials, and website are designed to capture the imagination of our clients — and draw their attention to our core value propositions.”
Financial services firm Raymond James will next week relocate its West End Avenue office, which is home to about 50 people, to MarketStreet’s Gulch Crossing building on Demonbreun Street. The firm’s local leaders have big plans to capitalize on their new space by beefing up their personnel roster by at least seven financial advisors and their staffs.
“The opening of Raymond James’ office at Gulch Crossing has been long anticipated by our advisors and staff and provides us with much needed space to accommodate the expansion of our already strong presence here in Nashville,” Bill Lynch, manager of the retail office, said in a release.
The West End Raymond James branch has almost $2 billion of client assets under management and has grown from its four advisors in 2006 to the 18 who will make the Gulch move.
Brian Martin at FIG Partners has lowered his rating on shares of Pinnacle Financial Partners to 'market perform' from 'market outperform' following the bank holding company's Q2 profit report. Before the report, Martin's price target was $53, just a bit above where Pinnacle (Ticker: PNFP) is changing hands today. Over at SunTrust Robinson Humphrey, analysts have trimmed their price target for Nashville-based Pinnacle to $62 from $63 but maintained his 'buy' rating.
Macquarie analyst Vikas Dwivedi has launched coverage of several refining stocks with positive ratings, saying the sector will benefit from tight capacity and solid financials. Among the companies getting 'outperform' ratings is Brentwood-based Delek US Holdings. Mid-morning Tuesday, Delek (Ticker: DK) was trading at about $36.50. So far this year, they're up 34 percent.
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