Five AAU National Basketball Championships in Four Years Means Millions of Dollars For Clarksville – Montgomery County Community
Clarksville, TN – Over the next four years, Clarksville-Montgomery County will host five high economic impact AAU Basketball Championships bringing in a total of $8.9 million of revenue. The 2015 event will be held this upcoming July 10th-15th.
The community will welcome the 2015-2018 Amateur Athletic Union (AAU) 10U Boy’s Basketball National Championships as well as the 2016 AAU 6th Grade Girl’s National Championships. In total, over 15,000 visitors will pass through to be a part of, or watch, the games. The 2017-2018 boy’s tournaments were recently awarded to the team at Visit Clarksville after a rigorous bid process. [Read more]
First Advantage Bancorp announces 43 percent increase in Quarterly Cash Dividends
Clarksville, TN – The Board of Directors of First Advantage Bancorp (OTC QB: FABK), the holding company of First Advantage Bank, has declared an increase in quarterly dividends paid to shareholders to $0.10.
The change represents a 43 percent increase from the previous dividend rate of $0.07. The higher dividend represents a 4% annual return on the original $10/share price.
The cash dividend will be paid on or about February 16th, 2015 to shareholders of record on February 5th, 2015. [Read more]
Marco’s Pizza to open in Clarksville Monday, February 2nd
Ah!thentic Italian Pizza Franchise Brings Handmade Artisan Pizza to Clarksville
Clarksville, TN – Marco’s Pizza, the fastest growing pizza company in the United States, known for its fresh ingredients, secret sauce recipe and dough made in-store daily, announced it will open at 1761 Tiny Town Road on February 2nd, boosting the local economy by adding more than 20 jobs.
“Pizza lovers in Clarksville will quickly find out that we’re substantially different than your typical pizza chain,” said Ben Diquattro, owner of Marco’s Pizza in Clarksville. “I was attracted to the Marco’s brand because it was founded on Italian freshness and quality standards, making it stand out from all other well-known brands. All ingredients are genuinely fresh and truly craveable. I’m proud to open a Marco’s Pizza and offer such a quality product to the people of Clarksville.”
Marco’s Pizza to open Monday, February 2nd at 1761 Tiny Town Road in Clarksville.
Clarksville Weekly Market Snapshot from Frazier Allen for the week of January 26th, 2015
Clarksville, TN – As expected, the European Central Bank (ECB) signaled that it would begin a quantitative easing program, purchasing €60 billion per month in public and private securities through September 2016.
The amount of monthly purchases was a bit higher than anticipated, but that included the ECB’s already-existing program to purchase asset-backed securities and covered bonds. The ECB’s announcement sent the euro sharply lower.
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of January 18th, 2015
Clarksville, TN – Investors remained concerned about the global economy. The Swiss National Bank abandoned its currency ceiling against the euro, generating turmoil in the foreign exchange markets and adding to investor anxiety in the U.S.
While the Swiss franc surged, the U.S. dollar gained further ground against other currencies and a flight to safety pushed yields on long-term Treasuries lower (the 30-year bond yield to an all-time low). The SNB’s move reflected the central bank’s inability to defend the ceiling (especially with the European Central Bank expected to embark on QE next week), but investors took it as a sign of global financial instability.
Frazier Allen
Clarksville Convergys will host Job Fair, Blood Drive, and Coat Drive, January 14th
Clarksville, TN – Convergys Corporation (NYSE: CVG), a global leader in customer management, is starting the year off right in Clarksville by hosting a job fair, in addition to having a blood and coat drive for members of the community.
Please join us on Wednesday, January 14th from 9:00am– 3:00pm at Convergys, 326 Convergys Way, Clarksville, TN 37042. Interested candidates are welcome to jump start your application anytime, from any smart phone or tablet by visiting our website at www.careers.convergys.com. [Read more]
Clarksville Weekly Market Snapshot from Frazier Allen for the week of January 11th, 2015
Clarksville, TN – The December Employment Report was strong, but with some conflicting details. Nonfarm payrolls rose by a greater-than-expected 252,000 (median forecast: +240,000), with a net revision to October and November of +50,000.
It was the strongest year for job growth since 1999 (and the strongest private-sector job growth since 1997). The unemployment rate fell to 5.6% (median forecast: 5.7%), with annual benchmark revisions making little difference – however, the drop in the unemployment rate was due entirely to a decrease in labor force participation (don’t read too much into that, seasonal adjustment is tricky in December).
Frazier Allen
Clarksville’s Premier Medical Welcomes Dr. Erin Chambers to Doctors’ Group Practice
Clarksville, TN – Premier Medical Group is pleased to announce the addition of Dr. Erin Chambers to their family practice department.
Dr. Chambers studied at Austin Peay State University and earned her medical degree from the University of Tennessee College of Medicine in Memphis, Tennessee. She completed her family medicine residency at University of Tennessee/Jackson-Madison County General Hospital.
Dr. Erin Chambers joins the Premier Medical Group
First Advantage Bank brings in Christy Caudill to it’s Executive Team
Veteran Nashville Banking Executive Returns as EVP and COO
Clarksville, TN – First Advantage Bank announced that Christy Caudill has joined its leadership team as Executive Vice President and Chief Operations Officer. Caudill will oversee the bank’s operations, including deposit operations, loan administration, retail, information technology systems and facilities.
Caudill worked at First Federal Savings Bank (now First Advantage Bank) from 2005 to 2010 in the IT and operations areas.
Christy Caudill
Clarksville Weekly Market Snapshot from Frazier Allen for the week of January 4th, 2015
Clarksville, TN – Two days before Christmas, the government revised its estimate of 3Q14 GDP growth sharply higher (to 5.0%, vs. +3.9% in the 2nd estimate). Most of the revision was in consumer spending (a 3.2% annual rate, vs. +2.2%), which accounts for 70% of the economy.
Moreover, the monthly figures through November suggest an even stronger pace of consumer spending growth in 4Q14 (4.0% to 4.5%). It’s not hard to do the consumer spending calculation (and the monthly figures are subject to revision), but the markets seemed not to fully reflect the improved consumer outlook.
Frazier Allen
