Heritage Bank holding company HopFed Bancorp declares Quarterly Cash Dividend
Hopkinsville, KY – HopFed Bancorp, Inc. (NASDAQ: HFBC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.02 per share. The cash dividend will be paid on January 18th, 2013, to stockholders of record as of December 31st, 2012.
HopFed Bancorp, Inc. is a holding company of Heritage Bank headquartered in Hopkinsville, Kentucky. [Read more]
Mainstream Heating & Cooling completes Clarksville-Montgomery County Green Certification
Montgomery County, TN – Mainstream Heating & Cooling, known for having 100 percent of its comfort care technicians NATE (North American Technician Excellence) certified, is now Clarksville-Montgomery County Green Certified.
A Green Ribbon Cutting Ceremony was held on Monday, December 17th, to celebrate their successful initiatives and completion of the program.
Green Certification ribbon cutting for Mainstream Heating & Cooling
The Weekly Market Snapshot from Frazier Allen for the week of December 17th, 2012
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
As expected, the Federal Open Market Committee decided to fold purchases of $45 billion per month in long-term Treasuries into QE3 when Operation Twist ends later this year (in Operation twist, the Fed is buying $45 billion per month in long-term Treasuries and selling a similar amount of shorter-term Treasuries out of its portfolio). Thus, the Fed will continue buying $85 billion in long-term assets in 2013 ($45 billion in Treasuries, $40 billion in mortgage-backed securities), with no specified ending date, until there is “substantial improvement” in labor market conditions.
The Fed also shifted the language in its forward guidance on the overnight lending rate from dates to economic thresholds. Specifically, the Fed “currently anticipates that the exceptionally low range for the federal funds rate will be appropriate at least as long as the unemployment rate remains above 6.5%, inflation between one and two years ahead is projected to be no more than a half percentage point above the Committee’s 2% longer-run goal, and longer-term inflation expectations continue to be well anchored.” [Read more]
Jerry Cooksey joins Executive Team at First Advantage Bank
Former Chattanooga Banker Named Interim CFO for Growing Mid-State Bank
Clarksville, TN – Jerry Cooksey has joined the executive management team at First Advantage Bank. He will oversee all of the bank’s financial operations, including accounting and financial reporting, and regulatory compliance as acting Chief Financial Officer.
Jerry Cooksey
The Weekly Market Snapshot from Frazier Allen for the week of December 9th, 2012
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
The economic data were mixed. The ISM Manufacturing Index weakened. Unit autos sales roared back in November from the Sandy-related decline in October. The Employment Report was moderate. Nonfarm payrolls rose by 146,000, more than expected, but the two previous months were revised a net 49,000 lower.
The unemployment rate fell to 7.7% (from 7.9%), but the drop was due entirely to a drop in labor force participation. The Bureau of Labor Statistics said that Hurricane Sandy did not have a significant impact on the numbers, but details of the Household Survey showed a spike in the number of people unable to get to work due to adverse weather. [Read more]
Fiscal cliff may derail Market momentum gathered in November
Clarksville, TN – Even though the market indexes showed little change in November, the end of 2012 looks promising as the U.S. economy rebounded despite a highly contentious election cycle and the devastating effects of Hurricane Sandy thanks to some encouraging numbers from key indicators.
The Dow Jones Industrial Average experienced a post-election trough and ended the month north of 13,000, but still flat compared to the end of October. The NASDAQ mirrored the DJIA, bottoming at 2,837 on November 15th to close at a near month-high at 3,010. Likewise, the S&P 500 rallied from a low of 1,353 for November to end the month at 1,416. [Read more]
The Weekly Market Snapshot from Frazier Allen for the week of December 2nd, 2012
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
The economic data reports were mixed. The estimate of 3Q12 GDP growth was revised higher (to 2.7%, from 2.0%), but the details were worse. Most of the revision was due to higher inventory accumulation. Consumer spending growth was revised to a 1.4% annual rate, from +2.0%.
Business fixed investment was also revised down. The report showed a downward revision to income growth over the last two quarters. The October income and spending report showed a clear negative impact from Hurricane Sandy.
However, excluding the storm’s effects, income and spending would have been lackluster (positive, but not particularly strong). The Fed’s Beige Book noted that “economic activity expanded at a measured pace” in October and early November. [Read more]
CrossFit Conversion brings Elite Fitness Training to Clarksville
CrossFit Aims to make members “Stronger Than Yesterday”
Clarksville, TN – When you walk into CrossFit Conversion, you know you are not at a typical gym. The endless rows of treadmills, elliptical machines, and stationary bicycles that are the norm for a standard gym are nowhere to be found.
Instead, you are greeted by kettle bells, plyoboxes, and tractor tires. Rings and bars hang from the ceiling, and on one wall, you see a large digital clock with the motto “You vs. You” painted above it.
CrossFit Conversion. (Photo by Shea Halliburton)
Appleton Harley-Davidson Christmas Open House Saturday
Clarksville, TN – On Saturday, December 1st, 2012 Appleton Harley-Davidson will be holding their Christmas Open House from 11:00am-3:00pm.
Oh, and Santa Claus will be riding in for a visit.
Center for Audiology to host “Hear for the Holidays” November 30th and December 1st
Clarksville TN – Most of us take our hearing for granted. We never realize what the long term affects of loud music, noisy working conditions, or just plain neglect can have on our quality of hearing.
A routine hearing examination takes just a few minutes, and can identify if you are suffering from diminished hearing.
The Center for Audiology Office
