Cumberland Bank and Trust announces promotions
Clarksville, TN – Cumberland Bank & Trust has announced some promotions within it’s bank. Crystal Dennis and Brian Grasty have been promoted to new positions, as announced by Ron Sleigh, President of Cumberland Bank & Trust.
Crystal Dennis works at the main office on Madison Street. Brian Grasty out of the Dover Road branch.
Tennessee Crossroads to feature Clarksville Foundry May 10th
Clarksville, TN – Clarksville Foundry, one of Clarksville’s oldest businesses and one of the oldest operating foundries in the United States, will be featured on Nashville Public Television’s “Tennessee Crossroads” program.
The program will air on WNPT Channel 8 on Thursday, May 10th at 7:00pm and Sunday, May 13th at 10:00am.
Charlie Foust, president of Clarksville Foundry, will appear on a segment of Tennessee Crossroads airing on May 10th at 7:00pm and May 13th at 10:00am on WNPT Channel 8.
The Weekly Market Snapshot from Frazier Allen for the week of April 29th, 2012
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
Scott J. Brown Ph.D., Chief Economist Raymond James Investment Services
As expected, the Federal Open Market Committee left short-term interest rates unchanged and refrained from additional asset purchases. The Fed still expects that “economic conditions – including low rates of resource utilization and a subdued outlook for inflation over the medium run – are likely to warrant exceptionally low levels for the federal funds rate at least through late 2014.”However, officials were still divided on when they thought it would be appropriate to start tightening. Officials revised higher their projections for 2012 GDP growth, but slightly lower their growth expectations for 2013 and 2014.
Real GDP rose at a 2.2% annual rate in the advance estimate for 1Q12, below the +2.5% median forecast. The details were a mixed bag. Consumer spending rose at a 2.9% annual rate, led by a sharp increase in motor vehicles. Business fixed investment fell at a 2.1% pace (structures down 12.0%, equipment and software up 1.7%). [Read more]
Anheuser-Busch recognizes Budweiser of Clarksville and Budweiser of Hopkinsville as Ambassadors of Excellence
Clarksville, TN – Budweiser of Clarksville, a beverage distributorship and the corporate hub of Hand Family Companies, and Budweiser of Hopkinsville (KY), also a Hand Family Companies property, were recognized as “Ambassadors of Excellence” by Anheuser-Busch Brewing Company for their 2011 performance.
Only 20 of the more than 700 Anheuser-Busch wholesalers in the nation were selected for the award, and the Clarksville facility placed fourth.
Hand Family Companies learned of the awards in February and the two facilities were recognized during the Ambassadors of Excellence Top Performers meeting held April 12th-15th in Monterey, California. [Read more]
The Weekly Market Snapshot from Frazier Allen for the week of April 22nd, 2012
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
Scott J. Brown Ph.D., Chief Economist Raymond James Investment Services
Europe remained a key concern for U.S. investors. Spain’s debt auction went better than feared. Global investors expressed some concerns about France’s election (first round on April 22nd, second round on May 6th). In its World Economic Outlook, the IMF revised its outlook for global growth slightly higher, but cautioned that “recent improvements are very fragile.”
The U.S. economic data were mixed. Retail sales were stronger than expected in March. Existing home sales and industrial production were weaker than anticipated. Residential construction figures were mixed (permits up, starts down), but first quarter figures were stronger than a year ago (likely aided by a mild winter). Weekly jobless claims were higher than expected, but seasonal adjustment at the start of the quarter is difficult, making recent figures appear suspect. [Read more]
Florim USA becomes completes Clarksville-Montgomery County Green Certification Program
Montgomery County, TN – The latest industry to become Green Certified through the Clarksville-Montgomery County Green Certification Program is Florim USA, located at 300 International Boulevard.
A Green Ribbon Cutting Ceremony was held on Monday, April 16th to celebrate their successful initiatives and completion of the program.
Pictured from left to right are Jarrod Duncan, CMCGCP Steering Committee Member and Vice-President of Planters Bank; Greg Haupt, Florim USA; Michelle Newell, CMCGCP Manager; Tim Swaw, Florim USA; Claudio Lucchese, Florim; Mike Evans, Industrial Development Board Executive Director; Giovanni Grossi, Florim USA; Phil Harpel, Montgomery County Government; Kenny Daugherty, Bridgestone Metalpha USA; Melinda Shephard, Chamber Vice-President and John Hooper, CMCGCP Steering Committee Member and General Manager of Page & Tuttle Rivers End South.
Phil Cornett joins First Advantage Bank Mortgage Group
Clarksville, TN – First Advantage Bank has welcomed Phil Cornett as Mortgage Loan Originator. Cornett brings nearly 30 years of banking experience to the role, with specialties in residential and commercial real estate lending.
He will be responsible for an array of mortgage loan products, and will work out of the bank’s Mortgage Center at 933 Tracy Lane in Clarksville, TN.
Phil Cornett is now a Mortgage Loan Originator with First Advantage Bank.
The Weekly Market Snapshot from Frazier Allen for the week of April 15th, 2012
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
Scott J. Brown Ph.D., Chief Economist Raymond James Investment Services
The stock market began the week with a (negative) reaction to the March Employment Report (which was softer than expected, but not terrible). Worries about Europe and global growth also weighed against market sentiment – the fear subsided a bit on Wednesday and Thursday, but appeared to return on Friday. Fed officials suggest that monetary policy was conditional on how the economy develops – although no action is expected anytime soon.
The economic data remained consistent with moderate growth and moderate inflation. As expected, the seasonal adjustment dampened the impact of higher gasoline prices in the Consumer Price Index. The core CPI rose 2.3% y/y. The Fed’s Beige Book noted “modest to moderate” economic growth. [Read more]
The Weekly Market Snapshot from Frazier Allen for the week of April 10th, 2012
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
Scott J. Brown Ph.D., Chief Economist Raymond James Investment Services
The minutes of the March 13 Federal Open Market Committee meeting suggested reduced odds of another round of Fed asset purchases (QE3). That shouldn’t have been a surprise to anyone, but the news was taken negatively by the stock market and long-term Treasury yields snapped higher. The European Central Bank left rates changed, but ECP president Draghi seemed a bit hawkish in his post-meeting press conference, renewing concerns about the European financial crisis (I guess, it wouldn’t seem like spring otherwise).
The U.S. economic data (this is being written before the release of the March Employment Report) remained consistent with moderate growth. ISM figures were mixed, but both reports showed further growth in new orders and employment. [Read more]
Through The Looking Glass
Clarksville, TN – Having lunch at The Looking Glass and Gourmet Bakery is a pleasure fit for any one with a discriminating palate. The Restaurant is rated five stars by both Orbitz and Yahoo.com. The restaurant began an an art gallery that served a light gourmet menu and specialty coffees.
Entering the restaurant, you see a beautiful Zen garden that features a huge rock fountain, a Japanese coy pond, luscious flowering plants and diverse seating options. To your right is the recently opened additional dining room featuring mauve and shades of purple walls and exquisitely set tables. To your left is the main dining room with a display of bakery goods to tempt any bread- or sweets-lover’s appetite.
The Looking Glass Restaurant and Gourmet Bakery
