FDIC’s Tennessee Commerce clock ticking down

Asset sales aplenty and ‘no getting around deadline’
Dec 1, 2011 3:03 PM

Hotel Indigo sale closes

$14.4M sale finalized for battle-born bankrupt building
Nov 29, 2011 12:00 PM

Regulator sets Tennessee Commerce deadline

Wide-ranging FDIC directive calls for capital raise in next three weeks
Nov 9, 2011 7:29 AM

Eight more weeks of 5th & Main auction prices

The owners of the Fifth & Main condo complex say they will accept until the end of the year the auction-level prices paid by 25 people Saturday for the 80-plus units they still need to ship. The weekend auction fetched ACG Equities about $135 per square foot.

“We hope we won’t have any left by January, but if we do, we’ll have to discuss pricing at that point,” he said. “In the last three weeks before the auction, we had about 600 people come through the building, and 100 of them came back multiple times. We see those people as our prime buyers.”

Nov 7, 2011 5:20 AM

Fifth & Main condos go to the gavel Saturday

Fifth & Main's ballyhooed, half-off auction is tomorrow at the Downtown Sheraton, starting at 1 p.m. Check the Web site for the deals and details.

Nov 4, 2011 11:59 AM

TDFI's Tennessee Commerce conditions

It appears to be a little bit academic at this point, but Tennessee Commerce Bancorp executives on Wednesday told investors that it has received a formal agreement from the Tennessee Department of Financial Institutions that outlines a host of capital level, asset management and governance steps it must take to right its ship. Many of the terms and remedies prescribed are the same ones called for earlier this year by the Federal Deposit Insurance Corp.

Nov 3, 2011 7:30 AM

Going concern, Nasdaq notices for Tennessee Commerce

Management also says financial reporting process has material weaknesses
Nov 2, 2011 7:36 AM

Tennessee Commerce scouting ‘all possible strategic alternatives’

Bank faces receivership in next 90 days without new capital or merger
Nov 1, 2011 1:18 PM

Superspeedway owner takes almost $18M in charges

Dover Motorsports, which in early August said it is preparing to shut down the Nashville Superspeedway, last week reported third-quarter results that included the cost of that decision. Between taking a non-cash charge on a writedown of the speedway's value and picking up the expected tab for bond payments to Wilson County, the tab comes to almost $18 million.

Oct 31, 2011 8:41 AM

Fifth & Main to auction 25 condos

Bids at Eastside development to open at $95K
Oct 11, 2011 2:51 PM