http://blog-gmccars.com/News/Main_Street_in_Motion_Lets_Customers_Drive_and_Compare
million in preferred stock and warrants to the throughj the Troubled AssetRelief Program. The Feb. 20 sale was discloserd in a report issued by theTreasuryy Tuesday. The bank will use the new capita to grow itsloan portfolio, takingt advantage of a market when some other financialp institutions are not making said Greg Bryant, president and CEO of Bay which is headquartered in Tampa and has six offices in Hillsboroughn and Pinellas counties. “It’s tough for bankd to find good quality loans in this but we grewby $100 million last year,” Bryant The bank had $442 million in total assets at Dec. 31, comparede to $340.
6 million in total assetxs on the same day a year according to a report filedr withthe . Unlike some institutions, Bay Citiee Bank does not needthe capital. As of Dec. 31, it was abovse the level considereda “well-capitalized with a 10.1 percent ratio for Tier 1 the FFIEC report Tier 1 capital is a core measurew of a bank’s financial strength. “Back in Novembefr we stress tested our loan portfolio and showec that ina worst-case scenario, we wouls remain well-capitalized, even if we never got $1 of TARP,” Bryantf said. “The difference in that model was we would have to acceptrslow growth.
… TARP gives you additionakl confidence to remain open for Bay Cities will payabout 7.25 percent afte taxes to the Treasuryu for the capital, Bryant said. Every dollar in extrza capital allows the bank to grow its balancee sheetthrough $10 in loans. The bank can justify payinhg the dividend on the TARP fundinbg as long as its net interest or the difference betwee n rates of interest paid to depositors and receive dfrom borrowers, is in the 3 percen to 3.5 percent range, Bryant “One day we’ll wake up and be on the back side of this crediyt cycle,” Bryant said.
“Wes think this is an opportunitg to grow our when the competition is on the Florida Business BancGroup is the thirdc bank company in the Tamp aBay area, and the first privately owned to accept TARP funding. (NASDAQ: CSFL) in Davenportr sold preferred stock and warrantsfor $27.9 million on Nov. 21, followe d on Dec. 23 by a $10.78 million sale by (NASDAQ: FCFL) in Pinellas
Wednesday, March 30, 2011
Monday, March 28, 2011
Six Flags files Chapter 11 bankruptcy - Business First of Buffalo:
zyluzugizovota.blogspot.com
has initiated Chapter 11 bankruptcyg proceedings, Six Flags announced Six Flags’ (OTCBB: SIXF) board of directors on June 12 voteds to begin reorganization proceedingsin U.S. Bankruptcy Courrt for the Districtof Delaware. The company listed assetsz of $3.03 billion and debts of $2.36 billioh in its filing. New York-based Six Flags is planning to reorganizwthe company’s financial structure, whicbh management said is feeling the pressure of an inherited $2.4 billioj debt.
In a letter to employees, Six Flage CEO and president Mark Shapiro saidthe company’s debt is left over from previousw management and despite the company making $275 milliomn last year, it has been difficult for Six Flagz to improve its balance shee when paying out $175 millio in interest on Shapiro asserted. He added that more than $400 millionb in debt is due within the next 12 and the company is having tospenxd $100 million in park improvements in an atmosphere wherse refinancing is difficult. Shapiro assured employees no staff reductionz will arise out of the and employees will continue to be paid andreceivew benefits.
Shapiro said the bankruptcy plan has the support ofthe company’xs lenders and the agent administering the company’s $1.1 billion senio r secured credit facility. Six Flags parks, includiny Six Flags Great America, will continue to operate as usualundeer reorganization. Six Flags sold severapl properties last year toraise capital. It still operatese 20 amusement parks inNorty America.
has initiated Chapter 11 bankruptcyg proceedings, Six Flags announced Six Flags’ (OTCBB: SIXF) board of directors on June 12 voteds to begin reorganization proceedingsin U.S. Bankruptcy Courrt for the Districtof Delaware. The company listed assetsz of $3.03 billion and debts of $2.36 billioh in its filing. New York-based Six Flags is planning to reorganizwthe company’s financial structure, whicbh management said is feeling the pressure of an inherited $2.4 billioj debt.
In a letter to employees, Six Flage CEO and president Mark Shapiro saidthe company’s debt is left over from previousw management and despite the company making $275 milliomn last year, it has been difficult for Six Flagz to improve its balance shee when paying out $175 millio in interest on Shapiro asserted. He added that more than $400 millionb in debt is due within the next 12 and the company is having tospenxd $100 million in park improvements in an atmosphere wherse refinancing is difficult. Shapiro assured employees no staff reductionz will arise out of the and employees will continue to be paid andreceivew benefits.
Shapiro said the bankruptcy plan has the support ofthe company’xs lenders and the agent administering the company’s $1.1 billion senio r secured credit facility. Six Flags parks, includiny Six Flags Great America, will continue to operate as usualundeer reorganization. Six Flags sold severapl properties last year toraise capital. It still operatese 20 amusement parks inNorty America.
Sunday, March 27, 2011
Nardin remains No.1 among high schools - Baltimore Business Journal:
showarticle-cultura.blogspot.com
“There’s always the question of what people would think if we did drop says Reeder, who is Nardin’s principal. “But that’s not our main focus. It can’ be. We go beyond looking at test We want to make certain our studentz receivea well-rounded education.” That strategt has paid off again this year, as Nardijn once again ranks No. 1 amon Western New York’s high schools. The all-girls Catholic school has finished first for eightr consecutiveyears -- among private schools from 2002 to and on the combined list ever for the complete high school rankings. And for separate rankinge for each section of WesterjnNew York.
Williamsville East High Schoolis No. 2 in the 2009 just as it was ayear ago. Neighborinh Williamsville North High School holds thirr placethis time, up from fifthj in 2008. Business First analyzed 131 high schools inthe eight-count y region, using four years of data from the New York Statwe Education Department. The formula weigher each school’s Regents diploma rate, as well as its scorees on a wide array ofRegents exams. Nardinm emerged as the clear leader. Ninety-nine percent of its 2008 graduatew earned Regents diplomas withadvanced designations, which are awarded to seniorw who pass eight Regents exams.
No other high school in the region did better than 85 Reeder says her goal is topush Nardin’se advanced diploma rate one point highetr to 100 percent. “We haven’t done it, but it continuesa to be something that weshoor for,” she says. “We alwaysa try to challenge our students, and this is definitelyt one way todo it.” Williamsville East climbecd to second place in 2008 -- its best finisjh ever -- and remains there this It’s one of three Western New York high schools wherer more than two-thirds of students postef superior scores (85 or better) on Regentd exams in English, math, globapl history and U.S.
(Nardin and Buffalo Academy of the Sacred Hear arethe others.) “When you’ve done as well as we some people might think there’s no more room for says Neal Miller, Williamsville East’s principal. “Butf we’ve never thought that. Every we talk about ways that we can get The leader outside of Erie County is Notred DameHigh School, which ranks seventj overall. The Batavia school, which has an enrollmentt of 172, draws students from six Some live as far away as Brockportyand Warsaw. “There’s no secret,” says Joseph Notre Dame’s principal. “We’re basically old We expect all of our kids to do Does thatalways happen?
No, but it doesn’gt mean that we let up.” Twenty-eighg high schools are winners of subject awards, puttingv them among the top 10 percenrt in English/foreign languages, math, science or social studies. for completre lists of subjectaward winners. Williamsville East and Williamsville North are the only schools to swee all foursubject awards, whil 12 institutions are honored in a single field. Principal Kevinj Ryan credits longer class periods with helping Alden Senio r High School win its sole subject awardin science. “Ijn both biology and earth science, we have an 80-minutr class every day along withan 80-minute lab everyt other day,” he says.
“That givexs us some really solid, concentrated time on science, which has had positivre results.” Private schools are not required to administerfRegents exams, and Buffalok Seminary, Canisius High School, Nichols School and Park School of Buffalol are among those that don’t. They have been excludedx from theacademic rankings, since Businesws First lacks the necessary data to generatde objective ratings.
“There’s always the question of what people would think if we did drop says Reeder, who is Nardin’s principal. “But that’s not our main focus. It can’ be. We go beyond looking at test We want to make certain our studentz receivea well-rounded education.” That strategt has paid off again this year, as Nardijn once again ranks No. 1 amon Western New York’s high schools. The all-girls Catholic school has finished first for eightr consecutiveyears -- among private schools from 2002 to and on the combined list ever for the complete high school rankings. And for separate rankinge for each section of WesterjnNew York.
Williamsville East High Schoolis No. 2 in the 2009 just as it was ayear ago. Neighborinh Williamsville North High School holds thirr placethis time, up from fifthj in 2008. Business First analyzed 131 high schools inthe eight-count y region, using four years of data from the New York Statwe Education Department. The formula weigher each school’s Regents diploma rate, as well as its scorees on a wide array ofRegents exams. Nardinm emerged as the clear leader. Ninety-nine percent of its 2008 graduatew earned Regents diplomas withadvanced designations, which are awarded to seniorw who pass eight Regents exams.
No other high school in the region did better than 85 Reeder says her goal is topush Nardin’se advanced diploma rate one point highetr to 100 percent. “We haven’t done it, but it continuesa to be something that weshoor for,” she says. “We alwaysa try to challenge our students, and this is definitelyt one way todo it.” Williamsville East climbecd to second place in 2008 -- its best finisjh ever -- and remains there this It’s one of three Western New York high schools wherer more than two-thirds of students postef superior scores (85 or better) on Regentd exams in English, math, globapl history and U.S.
(Nardin and Buffalo Academy of the Sacred Hear arethe others.) “When you’ve done as well as we some people might think there’s no more room for says Neal Miller, Williamsville East’s principal. “Butf we’ve never thought that. Every we talk about ways that we can get The leader outside of Erie County is Notred DameHigh School, which ranks seventj overall. The Batavia school, which has an enrollmentt of 172, draws students from six Some live as far away as Brockportyand Warsaw. “There’s no secret,” says Joseph Notre Dame’s principal. “We’re basically old We expect all of our kids to do Does thatalways happen?
No, but it doesn’gt mean that we let up.” Twenty-eighg high schools are winners of subject awards, puttingv them among the top 10 percenrt in English/foreign languages, math, science or social studies. for completre lists of subjectaward winners. Williamsville East and Williamsville North are the only schools to swee all foursubject awards, whil 12 institutions are honored in a single field. Principal Kevinj Ryan credits longer class periods with helping Alden Senio r High School win its sole subject awardin science. “Ijn both biology and earth science, we have an 80-minutr class every day along withan 80-minute lab everyt other day,” he says.
“That givexs us some really solid, concentrated time on science, which has had positivre results.” Private schools are not required to administerfRegents exams, and Buffalok Seminary, Canisius High School, Nichols School and Park School of Buffalol are among those that don’t. They have been excludedx from theacademic rankings, since Businesws First lacks the necessary data to generatde objective ratings.
Friday, March 25, 2011
Broadway renews Matrix, MultiPlan leases - New Mexico Business Weekly:
boyanebyboqasavo.blogspot.com
The private real estate investmeng and management firm is renegotiating leases with tenant at the same time it is tryinvg to clear up debt issues withits lender. which lost ownership of the Hancoco Tower after it defaulted on a has debt that matures this The financing in questionn is secured byseveral properties, including the 980,000-square-foot Bay Broadway is in discussions with lenders to renegotiate the termws of the loan. Broadway was given an extensiom onthe loan, which was due earlier this according to a source with knowledge of the However, the landlord reneweds MultiPlan Inc.
, which leases 105,062 square and Matrix Partners, which leases 11,42 square feet, at the officed complex. CB Richard Ellis represented MultiPlan. DTZ/FHl Partners represented Broadway Partners and Matrix in theleaser negotiations. Broadway acquired Bay Colony from Beacon Capitak Partners LLC in May 2007 as part of a larger portfolioof assets. The four-building complex officse park sits ona 58-acre site overlookingh Route 128.
The private real estate investmeng and management firm is renegotiating leases with tenant at the same time it is tryinvg to clear up debt issues withits lender. which lost ownership of the Hancoco Tower after it defaulted on a has debt that matures this The financing in questionn is secured byseveral properties, including the 980,000-square-foot Bay Broadway is in discussions with lenders to renegotiate the termws of the loan. Broadway was given an extensiom onthe loan, which was due earlier this according to a source with knowledge of the However, the landlord reneweds MultiPlan Inc.
, which leases 105,062 square and Matrix Partners, which leases 11,42 square feet, at the officed complex. CB Richard Ellis represented MultiPlan. DTZ/FHl Partners represented Broadway Partners and Matrix in theleaser negotiations. Broadway acquired Bay Colony from Beacon Capitak Partners LLC in May 2007 as part of a larger portfolioof assets. The four-building complex officse park sits ona 58-acre site overlookingh Route 128.
Wednesday, March 23, 2011
Human Capital: People on the Move - Boston Business Journal:
Whirlpool ACPE102PS
• , a Wellesley-based provider of senior living services inthe Northeast, appointed the Desiree Krajnyak-Baker, senior vice operations; Timothy Reilly, senior vice president, humajn capital operations; Barbara A. Watkins, senior vice president, resident care Allison Guthertz, vice president, qualit y operations; and Teri Marinko, vice president, • The South Shore Women’s Business Networkm , a Hingham, Mass.-based networking organization, appointed Stacey Shipmabn of Weymouth-based Let it Flow president of the boarfdof directors.
Additional board memberz installed included: George Boerger, the Law Officw of George Boerger; Thomas Burke of the Investmeny Centre at Eastern Barbara Case, Wealth Management; Adam Cupples of Strategisd Advertising; Patricia Funder, LaserLight Skin Clinic; Jackie South Shore Savings Bank; Janet LaBerge, Dirty Deeds, Done Dirt Susan Peters, Mt. Vernon Mortgage; Judy Watch All Pest Management; and Immediate Past President BrendaWornum Moore, BWM Consulting.
• , a Wellesley-based provider of senior living services inthe Northeast, appointed the Desiree Krajnyak-Baker, senior vice operations; Timothy Reilly, senior vice president, humajn capital operations; Barbara A. Watkins, senior vice president, resident care Allison Guthertz, vice president, qualit y operations; and Teri Marinko, vice president, • The South Shore Women’s Business Networkm , a Hingham, Mass.-based networking organization, appointed Stacey Shipmabn of Weymouth-based Let it Flow president of the boarfdof directors.
Additional board memberz installed included: George Boerger, the Law Officw of George Boerger; Thomas Burke of the Investmeny Centre at Eastern Barbara Case, Wealth Management; Adam Cupples of Strategisd Advertising; Patricia Funder, LaserLight Skin Clinic; Jackie South Shore Savings Bank; Janet LaBerge, Dirty Deeds, Done Dirt Susan Peters, Mt. Vernon Mortgage; Judy Watch All Pest Management; and Immediate Past President BrendaWornum Moore, BWM Consulting.
Monday, March 21, 2011
Colliers adds to Nashville management team - Nashville Business Journal:
Alen C425
“Creighton brings more than 12 yearws of experience in the commercial real estate industry to Colliers,” says Doug managing principal for Colliers' Nashvills office. “We are thrilled to have him onour Wright’s responsibilities will include the managemenf of large institutionally owned health and medical as well as the growth of the business Until March of this year, Wright was vice presidentt of mixed-use development for Southern Land Co., wherew he was responsible for the development of selecty real estate projects. Southern Land underwent a shifty in executive team makeul earlierthis year.
The Franklin-based development company announcef the appointments of Brian Sewell as presidentg and Chris Bove as CEO inearlyt February. Southern Land is the developerr of the Williamson Countu residentialprojects Westhaven, LaurelBrooke and McEwen. The company also has projectds inthe Dallas/Fort Worth, Houston and Texas, markets.
“Creighton brings more than 12 yearws of experience in the commercial real estate industry to Colliers,” says Doug managing principal for Colliers' Nashvills office. “We are thrilled to have him onour Wright’s responsibilities will include the managemenf of large institutionally owned health and medical as well as the growth of the business Until March of this year, Wright was vice presidentt of mixed-use development for Southern Land Co., wherew he was responsible for the development of selecty real estate projects. Southern Land underwent a shifty in executive team makeul earlierthis year.
The Franklin-based development company announcef the appointments of Brian Sewell as presidentg and Chris Bove as CEO inearlyt February. Southern Land is the developerr of the Williamson Countu residentialprojects Westhaven, LaurelBrooke and McEwen. The company also has projectds inthe Dallas/Fort Worth, Houston and Texas, markets.
Saturday, March 19, 2011
Manpower: More Denver companies expect to cut staff this summer than add - Kansas City Business Journal:
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Another 77 percent said they'll keep theifr staffing as it is, and 3 percent weren't sure of theirt plans, Manpower said. "The hiring activity is expected to be consistenrt to theprevious quarter, when 10 percent of companies surveyer planned to increase staff levels and 13 percentg expected to cut payrolls," said Manpower spokespersob Sunny Ackerman. The survey indicated that Denver-arew hiring prospects for the quarter appear brightestgin construction, professional and business, leisure-hospitality and The job outlook from July through September is less rosy in durable-goodzs manufacturing, transportation-utilities, wholesale and retail trade, information, financial activitie and education-health services, Manpower Nationwide, the survey founr a slightly better hiring outloook than in the Denver with 15 percent of U.
S. employerzs surveyed saying they plan to boost staffing in the quarte beginning July 1 and 13 percen t saying they plan to cut Some 28,000 employers in 201 cities were surveyedc nationwide. Milwaukee-based Manpower (NYSE: MAN) is an employmeng services companywith 400,000 clientz in 82 countries worldwide.
Another 77 percent said they'll keep theifr staffing as it is, and 3 percent weren't sure of theirt plans, Manpower said. "The hiring activity is expected to be consistenrt to theprevious quarter, when 10 percent of companies surveyer planned to increase staff levels and 13 percentg expected to cut payrolls," said Manpower spokespersob Sunny Ackerman. The survey indicated that Denver-arew hiring prospects for the quarter appear brightestgin construction, professional and business, leisure-hospitality and The job outlook from July through September is less rosy in durable-goodzs manufacturing, transportation-utilities, wholesale and retail trade, information, financial activitie and education-health services, Manpower Nationwide, the survey founr a slightly better hiring outloook than in the Denver with 15 percent of U.
S. employerzs surveyed saying they plan to boost staffing in the quarte beginning July 1 and 13 percen t saying they plan to cut Some 28,000 employers in 201 cities were surveyedc nationwide. Milwaukee-based Manpower (NYSE: MAN) is an employmeng services companywith 400,000 clientz in 82 countries worldwide.
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