Clarksville-based First Advantage Bancorp on Friday reported first-quarter profits of $925,000, a number that included $474,000 in one-time investment gains. But also helping was loan income growth of some 9 percent and a drop in interest expense.
"We are on the right track and that we are making good progress in a very competitive market," said Earl O. Bradley, III, Chief Executive Officer of the Company. "We have maintained a solid capital foundation which places First Advantage in a unique position of strength versus many of our peers. With our strong capital and a solid operating base, we stand ready to capitalize on opportunities as they become available."
A Chicago-area investment group has acquired the Waterford Landings apartment complex in Clarksville from Franklin-based Bristol Development Group for about $34 million. The price values each unit at the 10-year-old complex at more than $90,000.
Officials at Nashville State Community College say they're on track to welcome the first students to their Clarksville campus by early 2013. A State Building Commission subcommittee this week approved plans for the school to buy an 18-acre former Saturn car dealership.
Hemlock Semiconductor's $1.2 billion Clarksville plant is still more than a year from opening, but the company has entered into talks with state officials about growing the site with an investment that would more than triple its polycrystalline silicon operation. The AP's Erik Schelzig has the story.
SEE ALSO: An update on the current construction work, which now has some 1,600 people on site
Clarksville-based First Advantage has named California finance veteran Cindy Smith chief operations officer, a new position at the bank holding company with five branches and a mortgage office in Montgomery County. In her role, Smith will oversee the retail, HR, marketing and IT divisions of First Advantage (Ticker: FABK), which has assets of $345 million.
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