Lake City Bank – Lake City Journal http://lakecityjournal.com/ Tue, 21 Jun 2022 14:00:01 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 http://lakecityjournal.com/wp-content/uploads/2021/06/icon-1.png Lake City Bank – Lake City Journal http://lakecityjournal.com/ 32 32 Forbes’ Nationwide Best Banks and Credit Unions 2022 http://lakecityjournal.com/forbes-nationwide-best-banks-and-credit-unions-2022/ Tue, 21 Jun 2022 14:00:01 +0000 http://lakecityjournal.com/forbes-nationwide-best-banks-and-credit-unions-2022/

The country’s 4,839 regional and local banks and 5,041 credit unions are very different financial beasts from the largest banks in the United States. The giant banks have substantial revenues from their trading departments, investment banking departments and global lending operations. In contrast, smaller banks and credit unions operate a leaner business model and often focus solely on the basic banking functions of taking deposits and originating loans.

This emphasis on blocking and attacking banks means that smaller financial institutions offer a much clearer view of what’s happening in the real economy. It also underscores the importance of customer satisfaction and loyalty to business success – especially in the current economic environment.

During the Covid-19 pandemic and rapid economic recovery, macroeconomic forces tilted in favor of the financial sector as trillions of dollars in government stimulus packages and Paycheck Protection Program loans flowed through the banking system. Consumers were eager to borrow for bigger homes and new cars, and fewer defaulted on their payments.

The difference between short and long-term interest rates was also helpful. Banks typically borrow short-term and lend money for longer-term mortgages and auto loans at interest rates that tend to track 10- and 30-year government bond yields. Profit is the net amount of interest, with banks making more money as the spread between the interest rates at which they can borrow and those at which they lend widens.

Over the past two years, smaller banks and credit unions have thrived as long-term interest rates began to rise significantly while short-term rates remained at historic lows near zero. When that margin narrows, the most efficient banks are better equipped to deal with the narrowing spreads.

Click here for full coverage of America’s Best Banks in each state.

The economic environment in which banks and credit unions operate is now becoming increasingly difficult as the Federal Reserve and other central banks around the world embark on a committed course of short-term interest rate hikes to combat the highest inflation in more than 40 years. The aim is to slow down the economy and achieve rising prices by making borrowing more expensive for banks, companies and consumers.

As economic tailwinds fade and potentially turn into headwinds, the need to nurture customer relationships becomes even more critical and a more pressing concern for small banks and credit unions. The companies with the highest customer satisfaction enjoy a long-term competitive advantage over less experienced practitioners of customer satisfaction and retention.

The fifth annual Forbes ranking of Best-in-state banks and credit unions offers a comprehensive overview of the elite of America’s smaller financial institutions.

Forbes has teamed up again with market research firm Statista to conduct in-depth interviews with more than 26,000 US citizens from all 50 states about the financial institutions with which they have accounts. Customers provided an overall satisfaction rating and whether they would recommend a facility to friends and family. They also answered a detailed set of satisfaction questions across six key areas: trust, terms and conditions (including reasonable and transparent fees), branch services, digital services, customer service and financial advice.

Click here for full coverage of America’s Best Banks in each state.

Excluded from the ranking were institutions that have offices in more than 14 states, which excludes large national banks such as Bank of America from consideration
BAK
JPMorgan Chase
JPM
Bank and Wells Fargo
WFC
. With more than $150 billion in assets and 11.3 million members, Navy Federal Credit Union was the only credit union to be delisted due to its massively disproportionate size compared to other credit unions.

Between one and five banks and credit unions in each state, the Best in State award was given based on the number of responses in each state. Each bank and credit union received, on average, completed survey responses from 50 surveys that asked consumers about topics ranging from the ease of use of mobile banking to transparency of fees and interest rates, to bank office hours and accessibility.

Total scores ranged from 74.2 to 93.6, and 133 unique banks and 171 unique credit unions qualified for the Best in State award, which equates to just 2.7% of all US banks and 3.4% of all credit unions .

A trio of larger regional banks – Fifth Third Bank
FITB
Huntington and Synovus
SNV
Bank – Received Best in State awards in four different states, Citizens Bank and M&T Bank
MTB
earned awards in three. Top 10 banks in two states include: BancorpSouth
BXS
capital one
COF
City National Bank, First National Bank of Omaha, Gate City Bank, Great Southern Bank, South State Bank, Washington Trust Bank, Webster Bank
psp
and Wes Banco
WSBC
.

A handful of elite banks from five different states earned the highest scores from their clients: Rhode Islands BankRI (91.41), DL Evans Bank (90.86) in Idaho, Wisconsin’s Tri City National Bank (90.37), Vermont’s Community National Bank (90.14) based in Derby and New Peoples Bank (90.01) in Honaker, Virginia.

Click here for full coverage of America’s Best Banks in each state.

Credit unions have long offered their members who have had money to lend a way to use it to lend to members who wish to borrow. Their not-for-profit model flourished in the United States in the 20th century, when groups of employees from large corporations, school boards, local governments, and the military came together to offer each other competitive interest rates on savings and loans on reasonable terms. Today there are more than 5,000 credit unions in cities and towns large and small across the country.

Aside from simple savings and checking accounts, millions of Americans turn to credit unions when they need a mortgage to buy a home, a loan to buy a vehicle, or capital to finance their business. Now that the Federal Reserve is raising interest rates to fight inflation, that could mean a slowdown in credit demand, although rising rates will tempt many members to stock up on their savings. Keeping customers for life will remain the name of the game for the best credit unions.

Click here for full coverage of America’s top credit unions in each state.

As the roles of credit unions and banks become increasingly blurred in the eyes of consumers, mergers and acquisitions have become active, with buying going both ways between banks and credit unions. In fast-growing states like Florida and Texas, where demographics have driven up the volume of home and auto loans, credit unions are often more willing to buy than banks.

The data suggests that expansion hasn’t come at the expense of customer satisfaction for the 543 employees at Tampa-based Grow Financial (91.06), which earned the highest overall score in the Sunshine State. Other Florida credit unions receiving Best in State honors include Pen Air Federal (89.71) in Pensacola, Community First (88.07) and VyStar (87.30) in Jacksonville, and Tampa-based Suncoast Credit Union (86.75).

The top 5 highest scorers in 2022 nationally are WEOKIE from Oklahoma City
AI
Federal Credit Union (93.64), Northwest Community Credit Union (92.96) based in Eugene, Oregon, UniWyo Credit Union (92.53) based in Laramie, Wyo, CoVantage Credit Union (92.32) based in Antigo, Wisconsin, and STCU ( 92.07) from Liberty Lake, Washington.

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Meet Ryan Smith, the billionaire richer than golf’s best, owner of Utah Jazz and caddy for Tony Finau http://lakecityjournal.com/meet-ryan-smith-the-billionaire-richer-than-golfs-best-owner-of-utah-jazz-and-caddy-for-tony-finau/ Sun, 19 Jun 2022 12:04:16 +0000 http://lakecityjournal.com/meet-ryan-smith-the-billionaire-richer-than-golfs-best-owner-of-utah-jazz-and-caddy-for-tony-finau/

TONY FINAU last year challenged an old friend to fill in for his regular caddy – billionaire businessman Ryan Smith.

The Hero World Challenge returned to the Albany Golf Course in the Bahamas in fall 2021, with Finau missing regular caddie Mark Urbanek – who was home with his heavily pregnant wife.

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Billionaire businessman Ryan Smith caddyed for old friend Tony Finau at the Hero World Challenge in the Bahamas last weekCredit: AP
Smith is valued at over £1 billion after making his money as a co-founder of Qualtrics, a US-based cloud computing company

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Smith is valued at over £1 billion after making his money as a co-founder of Qualtrics, a US-based cloud computing companyCredit: AP

Luckily for the World No. 14 of America, 32, he had a reliable pal to fall back on in his hometown of Salt Lake City, Utah.

But Smith is no ordinary friend. In fact, he’s richer than all the great golf stars, including Tiger Woods.

Smith is worth a graduation £1.13 BILLIONaccording to Forbes.

Still, he was humble enough to help an old friend in need with the Hero World Challenge.

Smith revealed: “He called me and he was like, ‘Bro, I need you to caddy me.’

“I had to go to the bell, right? If Tony calls, you go. He doesn’t ask for much.”

But Smith claimed helping his old pal is anything but a vacation.

The billionaire joked, “I’ve been alongside him as an amateur partner when he competes on the Old Course.

“So I know his game well enough and his temperament… it’s the perfect setup.

“But lugging around a £50 bag… I think everyone thinks I’m on holiday.

“It’s hard work. I’m exhausted.”

Knowing he owes his old friend a huge favor, Finau jokes, “He’s taking an extreme pay cut, I know that.”

We may have seen Smith in action caddying for Finau, but who is the US businessman? We take a look…

THE FIRST, THE FIRST, HOW DOES FINAU KNOW SMITH?

The two have known each other since childhood.

Both grew up in Salt Lake City, Utah, and once revealed that he knew Smith “since he had zero dollars in his bank account.”

Finau confirmed Smith would be his caddy in the Bahamas.

He tweeted: “Getting my guy @RyanQualtrics to work in the Bahamas this week! Let’s get it!!”

In response, Smith joked, “Caddie rules: show up, keep up, shut up.”

Finau later told Golf Channel: “Ryan was a good friend of mine.

“I messaged him about six weeks ago and asked him if he would mind. He was more than happy to be here.

“He was a great friend and a great mentor.”

Smith sold Qualtrics to SAP for £6bn in 2018 and is now worth over £1bn

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Smith sold Qualtrics to SAP for £6bn in 2018 and is now worth over £1bnPhoto credit: Getty

HOW DID HE EARN HIS MILLIONS?

Smith is co-founder of Qualtrics, a US-based cloud computing company.

In 2018 he sold his company to German software giant SAP for a staggering £6 billion.

A little over a year ago, Smith, 44, became the majority owner of NBA giants Utah Jazz.

Basketball was a lifelong passion of Smith.

BACK TO GOLF, CAN HE PLAY?

Alongside basketball, Smith cites golf as one of his great passions – for fun, work and relaxation.

In fact, the Salt Lake City businessman became so good at the sport that he once had a handicap of just two.

Smith explained, “I had a stepdad who’s no longer with us, but he kind of got me into golf.

“I worked on a golf course when I was 14, picked balls on the range and then just loved it.

“Sometime in my 20s I was like, ‘OK, you need to sit down and see what your stuff is. And golf is one of my things.”

And it’s played a big part in his life ever since, as Smith adds: “Some of the best business connections and best partners I’ve met on the golf courses.

“Without this game, our paths would never have crossed.

“And it’s the only place I go where the phone stays in my pocket, which is amazing.

“My wife says, ‘You need yoga.’ I tell her my yoga is golf.”

WHAT DID HE DO AS CADDY OF FINAU?

Smith did a pretty good job getting Finau to T7 in the Hero World Challenge.

That ensured Finau walked away with a cool £86,000.

It’s not yet known if the golf star was willing to share his prize pot with his caddy.

After the first day of the vent, Finau tweeted his appreciation: “Rake job today was elite. A fun day with my guy! 3 more to go.”

Closing out the tournament, Finau added: “My guy worked this week! Thanks for looping, bro.”

However, Smith shared a video of himself struggling to rake a bunker thanks to his boss for the week’s massive feet.

He captioned the clip: “Great week on the bag. A little feedback for the @PGATOUR If your guy is rocking a size 14 shoe, you should have more raking time.”

Smith also found time to poke fun at Brooks Koepka after he helped Finau secure the only 18th-hole birdie of the entire tournament.

He joked, “Big putt to the end. Let’s go. @BKoepka I won’t help you with any reads tomorrow.”

But it should come as no surprise that Smith gave an admirable performance.

Smith played with Finau in the Dunhill Links Pro-Am in 2018 and 2019.

The billionaire also shone at the AT&T Pebble Beach Pro-Am alongside the likes of Branden Grace and Josh Teater.

He even won the Jack Lemmon Award for Best Amateur Player at that tournament in 2019.

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Lake City Bank starts 150 http://lakecityjournal.com/lake-city-bank-starts-150/ Thu, 16 Jun 2022 14:14:43 +0000 http://lakecityjournal.com/lake-city-bank-starts-150/

WARSAW, Indiana, May 17, 2022 (GLOBE NEWSWIRE) — Today, Lake City Bank celebrates its 150thth Anniversary Celebration, a one-year commemoration of the Bank’s history and commitment to the communities it serves. To commemorate the anniversary, the bank announced it would give $150,000 to Indiana community foundations in the form of $10,000 gifts to the 15 community foundations in the counties where the bank operates.

The Lake City Bank opened its doors on May 14, 1872 in Warsaw, Indiana, with assets of $60,000 and three employees. Today, Lake City Bank has $6.6 billion in assets, 52 branches and 625 employees across north and central Indiana.

“We are proud that Lake City Bank has had the same name on its door for 150 years. While the bank has grown over the past 150 years, we have remained a community bank at heart. The deep understanding we have of the communities we serve has been critical to our success,” said David M. Findlay, President and Chief Executive Officer.

“We live and work in the communities we serve, and we couldn’t think of a better way to celebrate our 200th anniversary than by supporting community foundations,” Findlay said. “Our Hoosier communities benefit from the support of local foundations and we are honored to support them.”

Lake City Bank, a $6.6 billion bank headquartered in Warsaw, Indiana, is the sixth largest headquartered bank in the state and the largest bank 100% invested in Indiana. Lake City Bank operates 52 branch offices in northern and central Indiana and provides customers and businesses with customer-centric, technology-enabled solutions. The bank is a subsidiary of Lakeland Financial Corporation (Nasdaq Global Select/LKFN). For more information, visit www.lakecitybank.com.

Contact
Maria Horan
Director of Marketing and Public Relations
574 371-9280 office
574 377-9150 mobile
[email protected]

Lake City Bank.png

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WebBank makes a strategic investment in FinTech platform iCreditWorks http://lakecityjournal.com/webbank-makes-a-strategic-investment-in-fintech-platform-icreditworks/ Tue, 14 Jun 2022 00:16:00 +0000 http://lakecityjournal.com/webbank-makes-a-strategic-investment-in-fintech-platform-icreditworks/

“We continue to expand our relationship with WebBank to ensure our alignment and advance our mission to reinvent POS finance.” said Stephen E SweeneyChairman and Founder of iCreditWorks. “WebBank’s support of our vision is a testament to iCreditWorks’ omnichannel platform offering and its unique position in the marketplace.”

iCreditWorks believes in responsible lending and only provides access to affordable financing options* that allow consumers to get the care they deserve.

“We made this investment in iCreditWorks to support their platform’s vision and innovation,” said Jason Lloyd, President and CEO of WebBank. “We look forward to growing and growing our relationship with iCreditWorks and look forward to our mutual success.

iCreditWorks, represented by Truist Financial, is in the midst of a capital increase at a 200 million dollars Rating to drive continued growth in the dental sector and expansion into new industries.

* All loans issued by WebBank.

About WebBank

WebBank is a Utah Chartered Industrial Bank headquartered in Salt Lake City, Utah. Since its inception in 1997, WebBank has emerged and funded over $150 billion in consumer and business credit products. As “The bank behind the brand®“, WebBank is a national issuer of consumer and small business lending products through platforms of strategic partners (brands) that include retailers, manufacturers, financial firms and financial technology (FinTech) companies. The bank is a leading player in digital lending that is innovating in financial products through strategic partner platforms.WebBank engages in a full range of banking activities, including consumer and commercial lending products, revolving lines of credit, credit cards, private label card issuance, automatic refinancing and more.The Bank provides capital in the form of asset-backed loans and other lending facilities to strategic partner platforms, debt funds and other lenders with a specific focus on specialty financing assets. The Bank is also a leading provider of premium financing through its 100% ownership commercial insurance products subsidiary Nationale Partner. For more information, visit www.webbank.com.

About iCreditWorks

iCreditWorks leverages innovative technology and mobility to deliver an omnichannel platform experience that provides access to a wide range of point-of-sale (POS) financing products and empowers consumers to take control of their financing. The first-of-its-kind native mobile iCreditWorks app offers a simple, seamless, and secure financing experience that redefines the customer journey.

To learn more about the company, please visit www.icreditworks.com.

iCreditWorks
rich groves
SVP – Professional matters
(201) 450-4268
[email protected]

SOURCE iCreditWorks

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Lamb of God Release First Single “Nevermore” From New LP “Omens” http://lakecityjournal.com/lamb-of-god-release-first-single-nevermore-from-new-lp-omens/ Fri, 10 Jun 2022 14:02:08 +0000 http://lakecityjournal.com/lamb-of-god-release-first-single-nevermore-from-new-lp-omens/

Lamb Of God announced their new album omen, earlier this week (pre-order on limited edition silver gray marble vinyl), and now they’ve shared the first single, ‘Nevermore’. Watch the accompanying lyric video below.

Lamb of God are also on tour Enable Killswitch this fall with additional support from Baroness, Motionless in White, Spiritbox, Animals As Leaders, Suicide Silence, and Fit for an autopsy, varying by date. They will be at Brooklyn’s Coney Island Amphitheater on September 29 for a show taking place with Baroness and Suicide Silence and tickets are on sale now.

preorder omen on silver gray marble vinyl, limited to 1000 copies and exclusive to our stores.

Lamb of God / Killswitch Engage – 2022 tour dates

Lamb of God with Killswitch Engage, Baroness, Suicide Silence
September 9 – Brooklyn, NY – Coney Island
10 September – Camden, NJ – Liberty Mortgage Pavilion
September 11 – Alton, VA – Blue Ridge Music Festival
September 13 – Youngstown, OH – Youngstown Foundation Amphitheater
September 14 – Baltimore, MD – Chesapeake Employers Insurance Arena
September 16 – Atlanta, GA – Coca Cola Roxy
September 17 – Jacksonville, FL – Daily’s Place
September 18 – Tampa, FL – MIDFLORIDA Credit Union Amphitheater
September 21 – Boston, MA – MGM Music Hall in Fenway
September 23 – Louisville, KY – Louder Than Life Festival *No CSD, no suicidal silence
September 24 – Chicago, IL – Huntington Bank Pavilion on North Island
September 25 – Sterling Heights, MI – Michigan Lottery & Freedom Hill
September 26 – Indianapolis, IN – TCU Amphitheater at White River State Park
September 30 – Denver, CO – Fillmore Auditorium

Lamb of God with Killswitch Engage, motionless in white, fit for an autopsy
October 1st – Salt Lake City, UT – The great SaltAir
October 2 – Grand Junction, CO – Amphitheater in Las Colonias Park
October 4th – Fresno, CA – Exhibition Hall at Selland Arena
Oct. 7 – Sacramento, CA – Aftershock Festival *Not eligible for autopsy

Lamb of God with Killswitch Engage, spirit box, fit for an autopsy
09.10. – Vancouver, BC – Doug Mitchell Thunderbird Sports Center
October 10 – Kent (Seattle), WA – Accesso ShoWare Center
October 11 – Portland, OR – Theater of the Clouds

Lamb of God with Killswitch Engage, animals as leaders, fit for an autopsy
October 13 – Inglewood, CA – YouTube Theater
October 14 – Phoenix, AZ – Arizona Federal Theater
October 15 – Albuquerque, NM – Isleta Amphitheater
October 16 – El Paso, TX – UTEP Don Haskins Center
October 18 – San Antonio, TX – Freeman Coliseum
October 19 – Houston, TX – 713 Music Hall
October 20 – Irving, TX – The Pavilion at the Toyota Music Factory

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King Princess prepares new album Hold On Baby and shares two new songs http://lakecityjournal.com/king-princess-prepares-new-album-hold-on-baby-and-shares-two-new-songs/ Wed, 08 Jun 2022 18:48:58 +0000 http://lakecityjournal.com/king-princess-prepares-new-album-hold-on-baby-and-shares-two-new-songs/

king princess will release her second album hold baby on July 29th via Zelig Records/Columbia Records (pre-order), and she has just released two new songs from it, “Too Bad” and “Cursed”, along with a double video for the songs directed by Quinn Wilson. This is the second pair of anthemic electro-pop songs to be split from the album, following “For My Friends” and “Little Bother” (ft. Foshee).

In addition to Fousheé, the album also features contributions from Zach Fogarty and Amy Allen and production off Mark RonsonAssociate of Phoebe Bridgers Ethan GruskaWar On Drugs staff Shawn Everett, The stills Member Dave Hamelin (and producer for 070 Shake, Leikeli47 etc.) and The National members Aaron & Bryce Dessner. king princess says:

I’ve only ever written about heartbreak. It felt easier to talk about me through other people. Writing about situations that caused me pain and using them to justify my own fears and depression. It eventually got to a point where I had to turn the barrel on myself. I’m silly, I’m scared, I’m sad, I’m sexy. I didn’t want to be afraid to talk about these things anymore. The infinite dichotomy of things that define me. I’m not a girl, not quite a boy, lesbian but also gay as the day is long.”

“I’m not a thing. I’m not sure if I like myself, but I’m finding out. Hold On Baby is a search for a new heartbreak. It’s a love letter to my girlfriend. It’s a steady read for me. And it’s a reminder of the totems in my life that give me hope; my dog, who is my wildest companion, and the owl, who represents my grandparents.”

“I want this album to give you all some strength to accept ourselves; as messy as we can be. It’s not easy being alive and I owe a debt of gratitude to all of you for giving me some breathing space in this crazy world. That’s what King Princess has always been at its core. Creating a home where we feel safe and weird and messy and imperfect. You are not alone with your feelings. I bet I feel and have felt the same. This album is for anyone who needs a sanctuary to be vulnerable. I’m here with you and I love you.

Later this summer, King Princess is embarking on the Hold On Baby Tour, including a NYC show October 3 at Radio City Music Hall With St Panther. Tickets for this show are still available.

All dates are listed below, and here are all four currently released singles from the album:

King Princess – tour dates 2022
July 5 Vancouver, BC Queen Elizabeth Theatre*
July 6 Seattle, WA Paramount*
July 8 Forest Grove, OR Grand Lodge*
July 9 Boise, ID Revolution*
July 12 Denver, CO Mission Ballroom*
July 13 Salt Lake City, UT Union Event Center*
July 15 Berkeley, CA Greek Theater*
July 16 Los Angeles, California Greek Theater*
July 18 San Diego, California SOMA*
July 19 Phoenix, AZ Van Buren*
July 21 Austin, TX Stubbs Amphitheater*
July 22 Houston, TX House of Blues*
July 23 Dallas, TX House of Blues*
July 25 Kansas City, MO Arvest Bank Theater at The Midland*
July 26 St. Louis, MO The Factory in the District*
September 28 Charlotte, NC The Fillmore†
September 30 Philadelphia, PA The Fillmore†
October 3 New York, NY Radio City Music Hall†
October 5 Boston, MA Roadrunner†
October 6 Portland State Theater, ME†
October 8 Toronto, ON HISTORY†
October 9 Detroit, MI The Fillmore†
October 11 Pittsburgh, PA Stage AE†
October 12 Cleveland, OH Agora Theatre†
October 14 Madison, WI The Sylvee†
October 15 St. Paul, MN Palace Theatre†

* with Dora Jar
† with St. Panther

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Meijer planning major remodeling, new retail/restaurant center planned nearby on US-31 http://lakecityjournal.com/meijer-planning-major-remodeling-new-retail-restaurant-center-planned-nearby-on-us-31/ Tue, 07 Jun 2022 04:00:15 +0000 http://lakecityjournal.com/meijer-planning-major-remodeling-new-retail-restaurant-center-planned-nearby-on-us-31/

Meijer is aiming for a major transformation of its US 31 store in Garfield Township, including a complete interior and exterior remodel, an expanded pharmacy drive-thru, a possible redesigned US 31 intersection and a project with The Watershed Center Grand Traverse Bay to Install green infrastructure as part of parking lot renovation to reduce stormwater runoff in Kids Creek. Business representatives will seek approval for the project plans at Wednesday’s Garfield Township Planning Commission meeting, where a proposed separate new retail and restaurant center near US-31 on Franke Road is also on the agenda.

Meijer has been subject to a Planned Unit Development (PUD) – or site-specific zoning plan – since 1997 for its property on US-31, which encompasses more than 44 acres (29 in Garfield Township and 15 in Traverse City). In order to make changes to the location, Meijer needs to get approval from the municipality to change its PUD. It has done so three times since 1997: in 1999 for adding a bank sign, in 2003 for adding a Starbucks sign, and in 2009 for adding a pharmacy drive-thru and signage.

This time, however, Meijer has a much bigger project in mind. According to documents provided to the municipality, the retailer, which operates a second location in Williamsburg, plans to “completely remodel the store interior” and “upgrade building facades” (image, renderings). Meijer will also reconfigure and expand the pharmacy drive-thru and resurface the driveways and main car park with 706 spaces.

As part of the car park project, Meijer is working with The Watershed Center Grand Traverse Bay to install green infrastructure, including a series of underground filter chambers and bioswales. The Watershed Center received grants from the Michigan Department of Environment, Great Lakes, and Energy (EGLE) for the project, with about $650,000 coming from the state and Meijer raising at least another $500,000 to complete the improvements, according to the program director of the Watershed Center Sarah U’Ren. The goal is to reduce sediment and runoff into neighboring Kids Creek, which is a compromised waterway that the Watershed Center has spent years trying to restore to health.

“This project is going to be really great because it will reduce the amount of stormwater going into Kids Creek,” says U’Ren. “We are concerned about the amount – and also the quality – of the water going into the creek. This improves both, as runoff water seeps into the ground first. When it comes to parking lots, we’re concerned about pollutants like oil and gas, so this helps to filter out and clean them up. It will also prevent large bursts of rainwater from Meijer’s parking lot from entering the creek, which will contribute to erosion on the banks.”

With numerous hypermarkets and large car parks in Garfield Township, the Meijer project is, according to U’Ren, “a great example of a partnership between a private company and a non-profit organization to improve water quality. If a company is already working on a parking lot, they can do stormwater improvements at the same time. They are good stewards of the land.” According to U’Ren, Meijer contributed an additional $80,000 to install a surveillance program on site. The Watershed Center began monitoring the amount and quality of stormwater runoff on the property last fall and will continue to do so for a further three years after the green infrastructure is in place to compare and measure its effectiveness. According to U’Ren, a project timeline shared with Watershed indicates that Meijer will begin work on the parking lot and green infrastructure this fall, and then begin interior and exterior construction work in the winter, with a goal of completion by summer 2023 (Meijer representative did not return a request for comment).

Municipality documents indicate that Meijer also plans to redesign its main entrance intersection at the US-31 traffic light near the store’s gas station. This includes a new second left turn lane that will join the motorway north of Meijer. Municipality officials noted that “it has been observed that left turns can become congested at the site at peak times” and that Meijer’s original PUD permit required construction of a second lane for left turns. However, such a project must be coordinated with the Michigan Department of Transportation (MDOT), which has jurisdiction over US-31. Paradigm Design, a company working on behalf of Meijer, wrote in a letter to Garfield Township that MDOT is evaluating signal optimization throughout the US-31 corridor and that Meijer will coordinate with the state on improvements at intersections.

James Lake, MDOT North Region Communications Officer, narrates The ticker that the Meijer traffic light received an upgrade in 2020, including new sensors, cameras and communication equipment. “We also plan to upgrade the signal – installing new signal heads and a box-span design in place of the current diagonal guy wire – tentatively planned for 2024,” he says. “This is separate from any project Meijer is working on.” Lake says MDOT “was contacted by a designer representing Meijer who mentioned that Meijer might want to explore a reconfiguration of the store entrance intersection, but we don’t have any further detailed discussions.” and saw no proposed plans.” Municipality officials recommended that planning commissioners condition Meijer’s plan approval on the condition that the company, in collaboration with MDOT, complete a study and design of the intersection by January 2023, and by January 2024 all those recommended in that study Improvements made to the junction.

Garfield Township planning commissioners will also review another project in the US-31 corridor at their meeting on Wednesday. Garfield Retail Management LLC is seeking approval to construct a new mixed-use restaurant and retail center at 3566 North US-31 North near the intersection with Franke Road. The location is currently vacant and was formerly part of the Bill Marsh dealership. The two-acre lot will house a multi-tenant building with a drive-thru restaurant, a retail store and another restaurant. The specific companies that would occupy these spaces have not yet been identified. The community staff outlined some potential concerns that need to be addressed at the property, including crosswalks, landscaping, cross access easements and traffic. Employees said planning commissioners could either submit the application Wednesday to give Garfield Retail Management LLC more time to address those concerns or approve the site plan with several conditions to ensure those issues are resolved before construction.

Photo credit: Paradigm Design

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Gorillaz add new dates in Los Angeles and Philadelphia to the tour http://lakecityjournal.com/gorillaz-add-new-dates-in-los-angeles-and-philadelphia-to-the-tour/ Fri, 03 Jun 2022 21:25:10 +0000 http://lakecityjournal.com/gorillaz-add-new-dates-in-los-angeles-and-philadelphia-to-the-tour/

Gorillaz embark on a North American tour this fall, their first in five years, spanning September and October. Since the May announcement, they have added additional shows in a few cities: Los Angeles, where the new date is September 25 at the YouTube Theaterand Philadelphia, where the new date is on October 15 at The Met Philadelphia. Both new dates, like most of the tour, are included EarthGangand tickets are available now.

Check out Gorillaz’ updated dates below, which include a NYC show at the Barclays Center on October 12, also with EarthGang.

Updated Gorillaz 2022 Tour

GORILLAZ: TOUR 2022
Sunday September 11 – Vancouver, BC – Rogers Arena
Monday, September 12 – Seattle, WA – Climate Pledge Arena
Wednesday, September 14 – Portland, OR – Moda Center
Saturday September 17th – Las Vegas, NV – Life is Beautiful Festival
Monday, September 19 – Salt Lake City, UT – Vivint Arena
Wednesday, September 21 – San Francisco, CA – Chase Center
Friday, September 23 – Los Angeles, CA – The Kia Forum
Sunday, September 25 – Los Angeles, CA – YouTube Theater
Monday, September 26 – Phoenix, AZ – Footprint Center
Wed, September 28 – Denver, CO – Ball Arena
Friday, September 30 – Austin, TX – Moody Center
Sat. 01.10. – Irving, TX – The Pavilion at the Toyota Music Factory
Monday, Oct. 3 – Chicago, IL – United Center
Wed. 05.10. – Detroit, MI – Little Caesars Arena
Thu, 06.10. – Toronto, ON – Scotiabank Arena
Sat. 08.10. – Montreal, QC – Bell Center
Tuesday, October 11 – Boston, MA – TD Garden
Wednesday, October 12 – Brooklyn, NY – Barclays Center
Friday, October 14 – Philadelphia, PA – The Met
Saturday, October 15 – Philadelphia, PA – The Met
Monday, October 17 – Columbia, MD – Merriweather Post Pavilion
Wednesday, October 19 – Alpharetta, GA – Ameris Bank Amphitheater
Friday, October 21 – Orlando, FL – Amway Center
Sunday, October 23 – Miami, FL – FTX Arena

EARTHGANG supports from September 11th to October 19th
Jungle supports October 21st and 23rd

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Nav partners with Marcus of Goldman Sachs® to offer Small http://lakecityjournal.com/nav-partners-with-marcus-of-goldman-sachs-to-offer-small/ Wed, 01 Jun 2022 13:30:00 +0000 http://lakecityjournal.com/nav-partners-with-marcus-of-goldman-sachs-to-offer-small/

SALT LAKE CITY, June 1, 2022 (GLOBE NEWSWIRE) – Today, Nav Technologies, Inc. (“Nav”), a simple and intelligent financing platform for small businesses, announced a partnership with Marcus from Goldman Sachs to offer financially smart lines of credit to small business owners with fixed interest rates, no setup or maintenance fees, and a fully digital experience. With the launch, Nav, which uses a machine learning platform to present curated financing options to business owners, extends its commitment to providing tools to simplify financing for entrepreneurs and business owners.

Many small businesses struggle with accessing finance and face the challenge of finding the right financing for their business needs. Marcus by Goldman Sachs is partnering with Nav to meet the growing need for small business owners to have more transparency into their financing options. Nav’s ability to link real business data to lender criteria empowers small business owners to make more informed and confident decisions.

“This collaboration with Marcus by Goldman Sachs underscores our ability to use advanced AI to connect business owners with some of the best lending options available,” said Greg Ott, CEO of Nav. “We are committed to serving the small business community, by expanding their available options and increasing transparency around decisions that affect their success. Adding lines of credit through Marcus to our platform allows us to better serve businesses by improving their access to capital.”

Marcus by Goldman Sachs is Goldman Sachs’ digital banking platform that offers corporate finance through various partnerships. In addition, Marcus offers simple and transparent products to meet the spending, borrowing, savings and investing needs of millions of customers and help them achieve their financial goals. Launching with Nav will enable qualifying small businesses on the Nav platform to apply for credit lines from Marcus by Goldman Sachs, which provide access to flexible working capital financing at fixed and competitive rates through an all-digital experience.

“Marcus serves a large pool of small businesses through a number of existing partnerships. Our partnership with Nav will help us bring innovative products to more small businesses,” said Abhinav Anand, Head of Lending at Marcus by Goldman Sachs. “We’re excited to partner with another like-minded brand as we expand our small business lending platform further expand and provide better access to working capital.”

This collaboration is another example of Nav’s commitment to making corporate finance simple and personal. Nav makes it easy for small business owners to use their own data to compare loan, credit card, checking account, and other business service options to confidently find the right solution for their needs.

To learn more about Nav and this new offering, visit nav.com.

About sat nav
Nav is the largest marketplace for curated financial products for small businesses. By using real business data and proprietary scoring, Nav gives small businesses more transparency in finding the right loan or credit card option. Nav offers a unique financial health dashboard that shows credit and cash flow insights alongside recommended financing options. Nav’s platform also seamlessly integrates with other software and websites, making it the leading embedded finance solution for SMBs. Goldman Sachs Principal Strategic Investment led Nav’s 2019 Series C round, in which Nav raised $44.8 million of equity.

Nav contact
Praytell for Nav Technologies
nav@praytellancy.com

About Marcus from Goldman Sachs
Marcus by Goldman Sachs® provides products and tools designed to help people and small businesses achieve financial well-being. Marcus offers a high yield online savings account; certificates of deposit with different maturities; no-fee unsecured fixed rate personal loans, unsecured small business financing; managed ETF portfolios; Credit cards and free financial tools & trackers. All of Marcus’ lending and savings products are provided by Goldman Sachs Bank USA, a member of the FDIC. Brokerage and investment advisory services provided by Marcus Invest are provided by Goldman Sachs & Co. LLC, an SEC-registered broker-dealer and investment advisor and a member of FINRA/SIPC. Research about our company in FINRA’s BrokerCheck. All Marcus products benefit from Goldman Sachs and its 150+ year history of financial expertise, risk management and customer service. For more information, please visit www.marcus.com.

Goldman Sachs contact
Nick Carcaterra
Nick.carcaterra@gs.com

]]> It’s not about the money, players say, but many lives will be changed by the $10 million purse http://lakecityjournal.com/its-not-about-the-money-players-say-but-many-lives-will-be-changed-by-the-10-million-purse/ Mon, 30 May 2022 20:41:55 +0000 http://lakecityjournal.com/its-not-about-the-money-players-say-but-many-lives-will-be-changed-by-the-10-million-purse/

SOUTHERN PINES, NC — Stephanie Meadow finished third in her professional debut at the 2014 US Women’s Open on No. 2 Pinehurst. She earned $285,102 for her efforts, a staggering sum for a recent college graduate.

“I had a rough time when I was 16 and 17,” Meadow said of the years immediately following her father Robert’s death. “The money got me through there.”

The US Women’s Open purse has long had a life-changing impact, not just for winners, but for many like Meadow, who cash the biggest checks of their careers. Some, like her, will not be touring members yet.

This week, that’s likely to happen more than ever, with a historic $10 million in prize money on the table thanks in large part to the inclusion of ProMedica, the championship’s inaugural presenting sponsor.

Brittany Lang echoes the thoughts of many of her peers when she says that gambling on the LPGA was never about the money. When she won that championship in 2016, she recalls walking into the parking lot with her mother and brother and asking, “What do you win for that?” I do not even know.”

It was always about the dream.

“Now that I’m about to give it up,” Lang said, “and I have a daughter, and you start thinking about money and playing worse.”

Lang made $810,000 by winning the CordeValle Open.

The winner of this week’s championship will receive $1.8 million. The player who finishes second will receive $1,080,000. That’s more than last year’s winner, Yuka Saso, who earned $1 million.

“Honestly, the thought of a $10 million purse just blows my mind, to be honest with you,” said former Major champion Karen Stupples. “I don’t even know how to think about money in those terms and how — what it means to put in your bank account, what potential there is in a big piece, even for a 30th or 40th place finish.”

Even those who miss the cut this week will get $8,000, double what they received last year.

Mathilde Castren

Mathilde Castren

Matilda Castren lifts the trophy during the final round of the 2021 LPGA Mediheal Championship at Lake Merced Golf Club in Daly City, California. Photo by Kyle Terada-USA TODAY Sports

Early in her career, Matilda Castren had three seasons where she lost money. She gave herself five years to earn her LPGA card and make it.

“I remember looking at my bank account and there was $10 left,” Castren said. “Okay, I just have to survive until next month and then I know I’ll get a check. That’s a really common thing. I think a lot of people don’t know that. People just think that every week you live your dream of playing golf. It really isn’t that simple.”

Castren, 27, won seven times in college at Florida State and competed on the Epson Tour until earning her LPGA card for the 2020 season through Q-School. In 2021, she won the LPGA Mediheal Championship, becoming the first player from Finland to win on tour. She earned $225,000 for her win.

“It just felt so surreal,” she said, “just logging into my mobile app and seeing all the zeros.”

A now-engaged Meadow wants to buy a house in the near future, but must balance the risk of parting with a large chunk of money against the possibility that she could get injured or go through another rough patch with little money coming in.

“I think the older you get,” she said, “the more you realize how lucky the[PGA Tour]guys are.”

How big is 10 million dollars? Keep in mind that next week’s ShopRite LPGA Classic prize pool is $1,750,000. There are 15 events on the LPGA schedule with less than $2 million in prize money.

“We don’t start playing golf for money,” said veteran Carolina Masson. “That’s not the incentive, that’s not the reason. But when you come here, especially as a young player, money is an issue because you need a lot of money to do what you do for a whole season.

“Playing for that kind of money is huge; There are so many possibilities.”

List

Q&A: Morgan Pressel on the history of the US Women’s Open at Pine Needles, her move to TV and putting by Lexi Thompson

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