Nashville-based credit card maker EFT Source has signed a deal with Albany, N.Y.-based Covera to market its Card@Once technology to Covera's more than 300 credit union customers. The Card@Once platform cuts time and money out of the card issuance process and has been growing quickly for 36-year-old EFT Source.
The Bank of Nashville will in the spring of 2015 leave its longtime home in the L&C Tower for the Gulch Crossing building now under construction, where it will take up almost 19,000 square feet for its regional headquarters and a retail branch. CEO Bill Nigh tells Getahn Ward the bank also will put its name atop Gulch Crossing when it moves its staff of 60 there.
UPDATE: Here's the bank's release on the move, which mentions that 45 percent of Gulch Crossing's space has now been pre-leased.
Chattanooga-based accounting and business advisory firm Decosimo announced today the addition of Elaine Clark to the firm’s healthcare services practice as a business development executive.
Clark (pictured) will work to develop new relationships and business opportunities, matching the needs of health care entities, their owners and their attorneys with Decosimo’s industry-specific solutions including financial analysis, due diligence, valuation, transaction support, litigation support, audit and tax.
Decosimo expects Clark to spend time in each market in the firm’s nine-office U.S. footprint with likely a particular emphasis on the Nashville market.
Previously, Clark worked for more than seven years with Pfizer, Inc., as a health care representative covering Tennessee. She has established business relationships with long-term care facilities and hospitals, as well as private practice physicians and their office management teams.
Clark is a graduate of Vanderbilt University where she earned a Bachelor of Science degree with concentrations in human and organizational development and corporate strategy.
Clark is a member of the Tennessee, Georgia and Alabama chapters of the Healthcare Financial Management Association and participates as a corporate member with the Nashville Health Care Council.
“Elaine is a welcomed addition to the Decosimo healthcare services team,” Ken Conner, a Decosimo principal and the firm’s healthcare practice leader, said in a release. “With our healthcare division representing a leading and rapidly growing segment of our firm, we are thrilled to have Elaine on board to help us keep our fingers on the pulse of the healthcare industry and match our service solutions to address the needs of healthcare community.”
UBS has enlisted Brasfield & Gorrie to rehab the fourth and fifth floors of the UBS Tower (formerly the Regions Center), the next step in the company’s mid-2014 move to the downtown skyscraper. The permit shows a construction cost of about $14.15 million. Read more about the UBS move here.
Renasant Bank has secured a $4.17 million permit for the construction of its three-story local headquarters building to be located on the northeast corner of the 19th and West End avenues intersection in Midtown. The Parent Co. has the contract. Read more about the project here.
Local investment firm Epiphany Health Ventures has pumped no less than $30 million into COPE Today, a North Carolina-based provider of web-based mental health services, reports the Triangle Business Journal. COPE Today patients can obtain counseling via live chat, secure messaging, telephone or a video connection. The Epiphany team of heavy hitters — led by Harry Jacobson, Duncan Dashiff and Charlie Martin — is moving COPE Today's headquarters to Middle Tennessee and plans to invest in scaling the six-year-old company's technology under the newly formed Mindcare Solutions Group umbrella.
With the cash infusion by its new owner, Malik, who has stayed on as a board member and consultant, says she hopes to take the service to the next level – the military.
“We have attempted to work with the military,” she says. “We have felt the military has not been ready for some of the things we would like to offer.”
But that was before. Epiphany has a veteran on its payroll. “So we’re hopeful,” she says.
Columbia-based Community First Bank & Trust continued to improve its capital position in the third quarter, when it posted a profit of $290,000 versus a loss of $1.4 million a year earlier. The absence of a $2 million loan loss provision helped a lot but the company also cut expenses by $800,000, more than offsetting a $375,000 drop in net interest income. As of Sept. 30, Community First needed to close a $2.1 million gap to get all of its capital ratios in compliance with the Federal Deposit Insurance Corp.'s consent order. (Search here for "2,100.") That's down from $7 million early this year and $5.1 million in June.