Federal Reserve examiners last week sounded the all clear on MidSouth Bank about 21 months after ordering its directors and managers to boost capital and improve their operational oversight. Since mid-2010, MidSouth Chairman and CEO Lee Moss and President and COO Dallas Caudle have overseen a 20 percent cut in the $240 million bank's loan portfolio and boosted its total risk-based capital ratio by almost 3 percentage points to more than 17 percent. And even though past-due loan levels remain high, MidSouth in 2011 posted a profit of more than $1 million.
SEE ALSO: Details of the Fed's August 2010 order
Matthew Murray at PC Magazine and Leon Kaye at Triple Pundit recently toured the Hewlett-Packard printer cartridge recycling facility in Smyrna. The 80,000-square-foot facility opened its doors in 2011 and has since helped HP save tons and tons of plastic from ending up in landfills — 28.6 million pounds last year alone. And the process is being continually refined.
For years the cartridges were shredded with all the materials ending up jumbled together. But now they are disassembled before shredding, which requires less energy, less water and a cleaner batch of plastic for the next generation of cartridges. The new process is also more environmentally responsible because the precious metals like gold and palladium in those cartridges can be melted down with less fuel and less toxins. The cycle is working: HP estimates that some cartridges are entering their ninth and tenth phase of life.
Woody Miller, an HCA veteran who co-founded Surgical Care Affiliates and owns surgery center chain HealthMark Partners, has cut a $10 million check to Middle Tennessee State University as part of his alma mater's $80 million capital campaign. The gift takes MTSU's fundraising push well past the $50 million mark.
“It’s very important to point out that we have donors like Woody who have given us some flexibility in using this remarkable contribution. It takes an individual who has trust in the University and how we would use this kind of gift in this particular fashion to allow us to move the University forward,” McPhee added.
“We’ve had some conversations about some particular areas in which this gift can be used, but he’s been very good in listening to us and we’re matching his interests, his passion, with the needs of the University. We will be applying those principles in terms of how we use the $10 million.”
A 10-year-old company that runs a website distributing motorcycle parts and accessories has moved its fulfillment center to La Vergne from Livermore, Calif. Officials at Cruiser Customizing say the relocation will shorten the time needed to get customers their orders. The company has set up shop on J.P. Hennessy Drive of Interstate 24.
Almost three years after moving into the Hendersonville market, the duo behind Sam's Sports Bar & Grill are taking the concept into Murfreesboro's Stones River Mall. Sam Sanchez and Al Thomas say the city is "a perfect town" for Sam's. At 6,100 square feet, the location will be their largest and will employ about 60.