Lake City Financial – Lake City Journal Wed, 20 Oct 2021 01:00:00 +0000 en-US hourly 1 Lake City Financial – Lake City Journal 32 32 Regional banks see signs of life in the commercial lending business Wed, 20 Oct 2021 01:00:00 +0000

Three regional banks based in different parts of the country reported encouraging trends in corporate lending this week – an indication that ongoing supply chain problems are being offset by other factors that are driving demand for business loans.

Fifth Third Bancorp in Cincinnati, Synovus Financial in Columbus, Georgia, and Zions Bancorporation in Salt Lake City all saw quarterly increases in major corporate credit categories after exiting the Paycheck Protection Program.

The improvements were generally modest but fit a broader picture of incremental gains in corporate lending. Business loan volumes were generally weak during the pandemic, as many business owners shied away from increasing their debt levels.

Synovus CEO Kevin Blair (left) and Fifth Third CEO Greg Carmichael both said Tuesday that their banks are seeing momentum in commercial lending as the fourth quarter begins.

But across the industry, the eight-week moving average for commercial and industrial loan growth, excluding PPP loans, has been positive for the past 18 weeks, analysts at Piper Sandler wrote in a research note released Monday.

The latest weekly data suggests that “this closely watched segment of bank lending has bottomed out and is starting to move towards a hoped-for recovery,” the analysts wrote.

This optimistic mood coincided with the messages of Fifth Third Chairman and CEO Greg Carmichael and his colleagues at Synovus and Zions.

“We’re seeing good momentum out there once again,” Carmichael told analysts on Tuesday.

In the third quarter, Fifth Third saw commercial loan production grow 5% compared to the second quarter, making July through September the strongest period since late 2019.

Fifth Third said it had added 419 new business customers so far this year, more than in 2018 and 2019. The $ 207.7 billion asset bank operates primarily in the Midwest and Southeast.

Compared to the second quarter, commercial and industrial loans, which make up the bulk of Fifth Third’s commercial loan book, rose 1% and increased 4% if the impact of the paycheck protection loan is excluded. They remained well below the level of the previous year.

Fifth Third expects the recent recovery to continue in the coming months, although labor and supply chain shortages will be a “wild card,” said President Timothy Spence.

Some hotels, facing a tight labor market, only clean rooms when guests leave, he said. Meanwhile, one electronics customer “just had holes in the walls” because they couldn’t get enough parts to fill orders and rebuild their inventory.

While these factors have kept companies from drawing on their available lines of credit, Fifth Third executives still expect a slight spike in the final three months of 2021 – and further improvement as the supply chain tightness subsides.

Corporate borrowers are less likely to have reached their available lines of credit, but Fifth Third is seeing greater demand from midsize businesses, executives said.

Two catalysts are increased interest in mergers and an increase in capital spending, driven in part by companies looking to replace manual processes with equipment and automation, Spence said.

At Synovus, corporate lending skyrocketed in the third quarter and its robust pipelines suggest continued strong growth, executives said. Excluding PPP lending off banks’ balance sheets as borrowers seek forgiveness under the federal pandemic relief program, commercial and industrial lending increased sequentially by $ 602 million.

Kevin Blair, president and CEO of the bank, said heavy commercial loan production more than made up for still high loan repayments and repayments.

“Loan growth was extremely strong in the quarter as the production of financed commercial loans increased nearly 70% compared to the previous quarter,” Blair said on a call Tuesday to discuss third quarter results. “We expect this momentum to continue in the fourth quarter as the commercial pipelines remain robust.”

Growth was broad-based at the $ 55.5 billion asset bank, which operates across much of the southeastern United States. Blair said the strong demand for C&I credit spanned almost every sector from insurance and healthcare to construction and manufacturing. Credit pipelines have increased 20% since early 2021, he said.

“So we’re very confident about the production side of the equation,” said Blair.

The higher loan volume helped offset the nagging headwinds from low interest rates. Net interest income increased 1% from the previous quarter to $ 385 million.

Zions, which operates in Texas and much of the west, has upgraded its credit growth outlook to “moderately increasing” after seeing a surge in commercial credit. After excluding PPP loans, loans increased $ 661 million, or 1.4%, from the previous quarter.

The increase was partly due to the strength of commercial home loans and owner-occupied commercial loans. In the latter area, the bank advertises special conditions.

“It has given all of our bankers something really exciting to talk about in a rather challenging time,” said Scott McLean, president and chief operating officer of Zions.

Zions is also seeing an increase in larger commercial loans and syndicated deals, despite the company’s executives saying they would stick to internal syndicated loan limits rather than increasing the bank’s risk appetite.

Some big banks also reported an improvement in commercial lending in the third quarter. PNC Financial Services Group announced last week that its commercial and industrial loans were 9.4% higher in the third quarter than in the same period last year. Wells Fargo reported that C&I loans at the end of the quarter were 1.7% higher than last year.

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Grindstone dinner also rewards courteous employees: Community Voices Mon, 18 Oct 2021 19:59:00 +0000

BEREA, Ohio – The Grindstone Awards Dinner on October 7th honored eight courteous employees from local businesses and organizations. The Rising Star Award and the new Legacy Award were also presented.

The Courteous Award is given to employees who stand up for the public and customers.

This year’s winners included:

Angela Brooks, Owner of Mootown Creamery. Brooks hosts a weekly classic car show every summer, the proceeds of which go to local charities. In collaboration with the Berea Police, she also gives out ice cream tickets to children who show good behavior and good citizenship. Mootown also participates in community events.

Jim Bycznski is a visual effects and design teacher at Berea-Midpark High School. His visual arts classes help students learn the intricacies of designing for television and film, as well as problem-solving skills.

Nick Doehr is an Intervention Specialist at Grindstone Elementary School. He founded Men with Manners, which focuses on socializing third and fourth grade boys in manners and being role models. Among other things, the children learn how to tie ties and shake hands correctly.

Kristen Johnson is a career counselor at Grindstone Elementary. She works with students who need additional help and works with Berea’s Community Outreach Program to provide backpacks of groceries for students who may need meals over the weekend.

Cindy Millen retired this year as a fourth grade teacher from Grindstone Elementary. She started with Treats for the Troops, where students donate their Halloween candy to be sent to local veterans and active service members. Last year, one of the packages was sent to Airman Ariana Colon-Fuentes from Berea, who is stationed with the Air Force in Alaska.

Everett Phillips recently retired from the Berea service department after having been involved in the beautification of Berea for 21 years. He cleared the area around the Triangle and Coe Lake and worked on the construction and dismantling for town festivals and events. He was known for his attention to detail and for making sure everything was nice and clean.

Junior Rosado has been with the Northwestern Healthcare Center for 25 years. As maintenance manager, he ensures that the building is in top shape. He also volunteers to take residents on excursions and recently redesigned the break room for staff.

Leah Segedi is Deputy Head of the US Bank‘s Berea Office. In addition to being a trusted source for financial advice, she also helps with community fraud prevention seminars.

The Rising Star Award was given to the Berea Fine Arts Club. The award was received by Roy Jenkins, president and vice president of the club for the past 10 years. Under his leadership, the club moved into the Little Red Schoolhouse during the renovation of the building. The club also started new programs, including a summer art camp and Halloween night for kids.

New this year is the Legacy Award, which was presented to Baldwin Wallace university. On behalf of the college, President Dr. Robert Helmer against. The Legacy Award recognizes an organization that has made a significant and positive impact on the community.

Celebrating 175 years in business in 2021, BW was one of the first colleges in America to accept students regardless of race or gender.

The Grindstone Award, Courtesy Awards, Rising Star Award and Legacy Award are sponsored by the Berea Chamber of Commerce.

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Domestic Violence: Myths Busted | For free Sun, 17 Oct 2021 14:45:00 +0000

October is known and recognized as the National Domestic Violence Awareness Month. Domestic violence is a pattern of behavior used to build and maintain power and control in a relationship and can be used by intimate partners, dating partners, parents, caregivers, roommates, and other family members

There are often misconceptions about domestic violence. Here are some common myths blown.

“If it’s really that bad, why should you stay?”

Some of the many reasons a survivor might stay: fear of the perpetrator (who often threatens harm if he leaves), lack of money / financial security, child safety, and threats of deportation.

Also, the most dangerous time in an abusive relationship is when the victim decides to leave. 75 percent of women killed by their partners are murdered during or after attempting to leave the relationship.

“They didn’t hit me, so it’s not domestic violence.”

Domestic violence is not just physical. A non-exhaustive list of non-physical abuse includes: verbal, sexual, isolation, coercion, stalking, threats, intimidation, property destruction, and pet harm.

“They only did that because they were drunk or high.”

Some perpetrators use the influence as an excuse for their violent behavior. While being drunk or high can make a situation worse, it is not the cause of abuse and does not excuse the abuse.

“You only had a temporary loss of temper!”

Domestic violence is a cycle of power and control, and violence is not an accidental act. Abuse is not about coping with anger or the inability to cope with stress.

“That doesn’t happen here!”

Domestic violence occurs in every community around the world. It touches life indiscriminately, regardless of age, race, gender, religion, sexual orientation, or economic position.

And yes, that happens here. In Washburn County, Embrace provided ongoing, comprehensive counseling and advocacy services on domestic and sexual violence to 145 adults, adolescents and children in 2020.

Domestic violence claimed 94 lives in Wisconsin last year, with 20% of victims being under 18 years of age. That corresponds to one death every 3.9 days.

Would you like to get involved?

Throughout October, Embrace will work to raise awareness about ending domestic violence. Here are a few ways you can get involved:

Brew love, not hate. Embrace is grateful to be partnering with North Crossing Foods, The Whistle Punk and Ed’s Pit Stop this fall to bring the “Brew Love Not Hate” awareness campaign to Washburn County. Stand up against intimate partner violence by buying a coffee and using our custom made coffee cup covers.

Purple Thursday. You can show your support for survivors by participating in Purple Thursday on October 21st. Put on some purple, snap a picture, and post your support on social media.

Purple Ribbon Ad. Check out our purple ribbon displays in Shell Lake City Park. The tapes contain information, statistics on domestic violence, and other myth breakers.

Light indicator. To commemorate domestic violence victims in 2020, Embrace will be putting 94 lights on during the month to raise awareness about domestic violence in each of our counties. You can find the Spooner light display outside of Economart.

Letters writing event. Embrace hosts its second annual letter writing event, Survived & Incarcerated in WI. At Embrace, join guest speakers Sara Krall of End Domestic Abuse Wisconsin and Attorney Kate Knowlton of the Knowlton Law Group in an online event focused on domestic violence self-defense.

Participants learn more about homicides in self-defense and why there is no such thing as a “perfect victim”. There will be an opportunity to write letters of support to women who are currently in prison or in jail for killing their perpetrators.

Check out our social media for highlights from community partners who support survivors throughout the month.

If you or someone you know experiences domestic violence, we believe you and you are not alone. What happened to you is not your fault. Embrace is here to help. You can contact Embrace for free, confidential support at 800.924.0556 or by SMS at 715.532.6976.

Embrace is the leading voice and broad advocacy group for domestic and sexual violence survivors in four counties in northwestern Wisconsin. At Embrace, we offer unwavering support to survivors. Through education and awareness-raising, we engage our communities and create multidisciplinary partnerships to increase security and justice and advance our mission to end gender-based violence.

We strive to bring about courageous social change that will end all forms of oppression in our communities. Everyone deserves healthy communities and the support to be successful.

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See the list of LSU graduate companies that grew the fastest and made the most money | Companies Sat, 16 Oct 2021 09:00:00 +0000

Jackson-based DarkHorse Industries topped this year’s LSU 100 list of Fastest Growing Companies, while Christ Health-Louisiana & Southeast Texas topped the Roaring 10 list of Highest Revenue Companies.

The LSU 100 and Roaring 10 lists recognize companies owned or operated by LSU graduates based on the submission of confidential financial results.

DarkHorse, a concrete cutting and demolition company, is led by Dustin Butler, co-owner, founder and CEO, and Jonathan Walker, co-owner and CFO. Butler earned a bachelor’s degree in construction management from LSU; Walker earned a bachelor’s degree in international relations and affairs and a master’s degree in public administration from the university.

Chris Karam, Senior Vice President of Group Operations at Christ Health, based in Alexandria, is a graduate of LSU. He oversees health care facilities in Louisiana and southeast Texas, including Christ St. Francis Cabrini in Alexandria, Christ Shreveport-Bossier Health System, and Christ Ochsner Health Southwestern Louisiana in Lake Charles.

The company rankings on the LSU 100 and Roaring 10 lists were announced at a gala on Friday evening.

The full list of the LSU 100, in order of average annual growth over a three-year period, is:

Twice a day we send you the biggest headlines of the day. Register today.

Dark horse; Franklin Associates, Baton Rouge, communications consultancy; CompuFlow Solutions; Mesa, Arizona, Engineering, Military, Aerospace; Warranty Restoration Services, Baton Rouge, Restoration, Construction, Damage Control; Bear General Contractors, Pensacola, Florida, Commercial Buildings; Hargrove Roofing, Shreveport, Construction, Roofing; Honey Island Enterprises dba Radterra and Maritime Veterinary Imaging, Emyvale, Canada, Veterinary Radiology; Kismet Cosmetics, Covington, Cosmetics and Beauty; Abadie, Mandeville, Oil & Gas, Mechanical Engineering, Petrochemical, Import, Export, Offshore, Midstream: Trifecta Sports Therapy, Baton Rouge, Sports Massage; Hopkins Media, Baton Rouge, Music / Education; Patient Plus Urgent Care, Baton Rouge, Healthcare; Oasis Spaces, Baton Rouge, Construction; Goss Advisors, New Orleans, Finance: Paperless Environments, Baton Rouge, Software Publishing; Gatorworks, Baton Rouge, advertising, digital marketing, website design; Future Genius Solutions dba ThreeSixtyEight, Baton Rouge, advertising; Royal Automotive Group, Baton Rouge, Automobile Sales and Service; Garcia Roofing and Sheet Metal, Prairieville, Home Improvement, Construction, Roofing; Gulf South Research Corporation, Baton Rouge, environmental consultancy;

Pentecom, Palestine, Texas, technical data services; Legacy Title, Baton Rouge, real estate company; Security management systems, Lafayette, security, medical and inspection services; Urban South Brewery, New Orleans, beverage manufacturing; Pontchartrain Partners, New Orleans, construction; Vectura Consulting Services, Baton Rouge, Engineering; Access Gates, Baton Rouge, Construction; ECOPRO, New Orleans, clean power distribution; Manchac Homes, Baton Rouge, Builder / House Builder; Provident Resources Group, Baton Rouge, nonprofit; Mela & Roam, Houston, Texas, Retail; Launch Media, Baton Rouge, Video, Motion Media and Experience Content Production; Cajun ready-mix concrete, Baton Rouge, construction; Moran Construction Consultants, Baton Rouge, construction consultancy; Babcock Partners, Baton Rouge, law firm; Crescent Payroll Solutions, Metairie, Payroll and HR Business Services; Anytime Flooring, Baton Rouge, Flooring; Kilcor Construction, Alpharetta, Georgia, Construction; Lipsey’s, Baton Rouge, Wholesale; CORE Health Networks, Baton Rouge, Occupational Medicine;

Catapult Creative Media Incorporated, Baton Rouge, digital marketing and advertising; Facility Maintenance Management, Denham Springs, Maintenance and Construction; Evergreen Tractor & Equipment, Covington, sales; Perrier Esquerre Contractors, St. Rose, Commercial Buildings; Losey Insurance and Financial Services; Baton Rouge, Finance; Baton Rouge Tadpole Academy, Prairieville, Education; The Anderson Group Real Estate Services, Nashville, Tennessee, real estate; Global Data Vault, Dallas, Texas, Technology; Scott + Cormia, Orlando, Florida, architecture, interior design, real estate development; Four Corners Wealth Management, Peachtree Corners, Georgia, financial planning; Vacherie fuel, Thibodaux, propane; Elite Fulfillment Solutions, Dallas, Texas, warehousing and distribution; University Veterinary Clinic, Shreveport, Veterinary Medicine; Mimosa Handcrafted, Baton Rouge, Jewelry; Kidder & Schultz CPAs, Baton Rouge, Accounting; VGraham, Baton Rouge, Healthcare, IT, Manufacturing, Sales, Professional Services; IWD Agency, Baton Rouge, e-commerce agency; The Royal Treatment, Baton Rouge, Animal Care and Food; MAPP, Baton Rouge, construction; Carter & Hatcher Consulting, Houston, Texas, Bookkeeping / Accounting;

Investar Bank, Baton Rouge, Banking; Grace Hebert Curtis Architects, Baton Rouge, architecture; Guardian Computer, Metairie, Information Technology; Premier Health Consultants, Baton Rouge, Healthcare; Frantz-Gibson Painting Company, Baton Rouge, construction; Ritter Maher Architects, Baton Rouge, architecture; Baton Rouge window world, Baton Rouge, construction; Orthopedic Specialists in Louisiana, Lafayette, Healthcare; Horizon Financial Group, Baton Rouge, Financial Services; Walther Animal Clinic, Houma, Veterinary Medicine; Walk-On’s Enterprises, Baton Rouge, Food & Drink, Hospitality, Franchising; Geocent, Metairie, Information Technology, Aerospace, and Defense; Howard E. Conday Jr.’s law firms, Natchitoches, legal counseling; Hickory Small Animal Hospital, Ponchatoula, Veterinary Medicine, SEJ Services, Mount Pleasant, South Carolina, Facility Services; SITECH Louisiana, Baton Rouge, construction; Red River Bank, Alexandria, Banking; BrownRice Marketing, New Orleans, Advertising and Marketing; Argent Financial Group, Ruston, Asset Management; SEMPCheck Services, Houston, Texas, power generation, storage, and transportation;

Pinnacle Group Insurance, Lafayette, Financial Services; Netchex, Covington, Payroll, HR, and Benefits Software; The Cottonport Bank, Cottonport, Banking; Lee Michaels Fine Jewelry, Baton Rouge, retail; SRI Telecom, Baton Rouge, Telecommunications / Broadband / Integration Services; Daigrepont & Brian, Baton Rouge, Chartered Accountants; The Pangburn Group, New Roads, Financial Services; Cadence, Fort Lauderdale, Florida, landscape architecture; HNTB Corporation, Kansas City, Missouri, engineering, architecture, planning; Quality Engineering & Surveying, Port Vincent, Engineering, Surveying, Landscape Architecture, Planning, and Program Management; New Orleans Roast, Mandeville, Food and Drink; ROSA Enterprises Corporation dba The UPS Store 2305, Baton Rouge, Shipping and Small Business Solutions; Emergent Method, Baton Rouge, Business Consulting; Vivid Ink Graphics, Baton Rouge, Signs, Printing, Graphics; B&G Food Enterprises, Morgan City, Taco Bell Franchisee; Two maids and a mop, Baton Rouge, house cleaning; Pinot’s Palette Franchise, Houston, Texas, Arts and Entertainment; Agency Romph & Pou, Shreveport, advertising; Answering machine, carencro, answering machine and call center; and Lyons Specialty Company, Port Allen, wholesale grocery.

The list of Roaring 10 by sales is CHRIST Health-Louisiana & Southeast Texas; Performance Company, Baton Rouge, Industrial Construction; HNTB Corporation, Kansas City, Missouri, engineering, architecture, planning; Lipsey’s, Baton Rouge, Wholesale; The Newtron Group, Baton Rouge, industrial construction; ISC Constructors, Baton Rouge, Industrial Engineering and Construction; Danos, Gray, Oil and Gas; Audubon Engineering Company, Houston, Texas, Engineering, Energy, Construction; B&G Food Enterprises, Morgan City, Taco Bell Franchisee; and Provident Resources Group, Baton Rouge, nonprofit.

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The loss of the federal grant accounts for 41 percent of his budget Fri, 15 Oct 2021 00:36:01 +0000

Earlier this month, Green Gables Haven Community Shelter unexpectedly lost a federal grant of $ 210,000, which is 41 percent of its annual budget.

The shelter’s manager Janie Bergeron and board chairwoman Stephanie Fekkes said they were shocked by the news.

“I don’t know why we didn’t get it,” said Bergeron. “There is no explanation – and I asked.”

She said the grant was critical to the shelter’s ability to meet the needs of domestic violence victims in Barry County.

“With this scholarship, my dedicated employees were able to be at the shelter 24 hours a day, seven days a week, 365 days a year, including public holidays,” said Bergeron. “… This grant was paid for legal services that saved clients from losing everything, [and] helped pay for the necessary advice.

“This scholarship cost so much,” she continued. “It has enabled us to help the most vulnerable in our community, thereby helping our community to be stronger, safer and happier.”

The shelter has received around $ 210,000 a year since 2017, Bergeron said. Recently the grant became competitive, with many domestic violence shelters competing for the same allotments, but Bergeron said her conversations with state officials led her to believe there would be enough money to keep Green Gables funding for the foreseeable future .

Bergeron and Fekkes said they were confident they would receive the grant based on the number of people the shelter has been and continues to care for in more than 17 years.

“Green Gables Haven is essential to this community,” said Bergeron. “We have helped over 2,154 people, 833 of them children, to get out of abusive relationships.”

By the end of August in 2021, Green Gables had served 55 adults and 11 children, Bergeron said.

“It is amazing to us that if we serve so many people and our needs are so great, we would lose the money,” said Fekkes.

Green Gables serves a higher number of people and on a lower budget when compared to the general population than many other properties that have applied for the grant, she added.

Fekkes said part of the problem may be that the state is viewing Barry County as being cared for by the Calhoun County’s shelters.

“They will not allow us to split off from Calhoun County and form a separate entity because the state says we are within their territory,” she said.

But Fekkes said it was not possible for Barry County residents to go to a Battle Creek animal shelter, and that is one of the reasons community leaders here decided to start Green Gables Haven 18 years ago.

“Barry County residents didn’t want to go to Calhoun County for services,” said Fekkes. “It was people from rural areas who went to an urban area, it was children who left their schools, which is their only consolation when their lives are in ruins.”

“We are taking victims and families … away from their own secure connection because they are now leaving Barry County,” she added. “We’re taking away their medical staff, I mean everything they know … and we found out that there were maybe two or three people a year if we were lucky [going to Calhoun County.]”

This year’s scholarship has already been decided and Green Gables cannot appeal the decision, but Bergeron said she will keep trying in the future.

“I will continue to apply for this scholarship annually,” said Bergeron. “I do not give up.”

However, she worries about what the loss of funding could mean for the shelter, especially if it can’t get the grant back.

“I am concerned about domestic violence victims, our current customers and those who will seek help in the future,” said Bergeron. “In my 14 years here, so many people have approached me and said, ‘I wish you were here when I needed help’ or ‘Green Gables Haven saved my life’ … is not here.”

In the last few weeks local organizations have become active to help the shelter.

The Barry Community Foundation donated $ 125,000 to help Green Gables and Barry County United Way donated an additional $ 25,000 to help the shelter fill the funding gap.

“The Barry County United Way Board of Directors and Allocations Committee has supported Green Gables Haven since the doors opened,” said Lani Forbes, executive director of United Way. “Green Gables Haven is an integral part of Barry County’s emergency shelter.”

“Green Gables Haven is a unique resource for Barry County,” added United Way Chairman Matt Goebel. “Our donors are very willing to help those in need cope with domestic violence. Keeping their doors open is paramount to the safety and success of many families. “

“Wonderful, beautiful Barry County wraps its arms around us and helps us,” said Fekkes. “You have to love this community because when you need to, there always seem to be people who can step in and meet an immediate need.”

Bergeron said funding from the Barry Community Foundation and United Way is a temporary association to keep the shelter open until a long-term solution can be found.

“We can’t hold out if the patch isn’t fixed,” said Bergeron.

In the meantime, the shelter is looking for other funding opportunities and is planning fundraising drives for later this year.

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Sterling Receives $ 40.4 Million Aviation Project in Utah Wed, 13 Oct 2021 20:05:00 +0000

THE FOREST COUNTRIES, Texas – (BUSINESS WIRE) – Sterling Construction Company, Inc. (NasdaqGS: STRL), (“Sterling” or the “Company”) today announced that its subsidiary, Ralph L. Wadsworth Construction Company, LLC (RLW), has $ 40.4 million Dollar for the aviation project was commissioned, the Design Pack 20 of the airfield concrete paving package for the Salt Lake City International Airport Terminal Redevelopment Program. This project award builds on Sterling’s previous successful completion of projects in the growing greater Salt Lake City area. As mentioned in a recent Salt Lake City Tribune article1, Utah, surpassed all 50 states in terms of population growth over the period 2010-2020, underscoring strong demand for investment in large community projects.

Salt Lake City Corporation, through its Department of Airports (SLCDA), has launched a capital improvement program, the Terminal Redevelopment Program (TRP), to welcome more passengers and larger aircraft while serving as a hub for travelers with additional amenities and options. The $ 4.1 billion redevelopment program will be phased out to ensure that the project goal of Zero Impact for Travelers continues. In addition, the Design Pack 20 of the airfield concrete paving package includes all airfield and civil engineering work around the north hall east. Other important project components are the construction of the midfield vehicle tunnel ramp and walls, the demolition of existing taxiways and aprons, the removal of existing utilities, the installation of rain drainage, water and sewage, airfield signage and lighting as well as communication / electrical drainage banks. Construction is scheduled to begin in February 2022. When completed, the airport will support 34 million passengers passing through it each year.

Sterling CEO Joseph Cutillo commented, “We are honored to be part of the historic New Salt Lake City International Airport project. RLW was instrumental in this project and this award is further evidence of our ability to deliver value-added services and solutions to our customers. Our strategic shift in our Heavy Civil sector to alternative delivery aviation projects continues in the right direction and will continue to be an integral part of our strategy to move forward. ”

Mr. Cutillo continued, “The New Salt Lake City International Airport project is an ideal example of the type of sustainable public works that Sterling seeks to be associated with. Urban planners are increasingly recognizing the need for sustainability by investing in airport and rail infrastructure, not only in the direct sense, but also to attract top companies and their employees. By demonstrating Sterling’s ability to partner on such projects, we intend to build on that success and work more on sustainability in the future. ”

Sterling Construction Company, Inc. operates in three segments through a variety of subsidiaries specializing in heavy construction, specialty services and residential projects in the United States (the “US”), primarily in the southern United States in Rocky Mountain -States in California and Hawaii, as well as other areas with strategic construction opportunities. Heavy Civil includes infrastructure and rehabilitation projects for highways, roads, bridges, airfields, ports, light rail, water, sewer and drainage systems. Specialty Services projects include land development activities (including excavation and drainage, drilling and blasting for excavation), foundations for apartment buildings, parking garages, and other commercial concrete projects. The residential projects include concrete foundations for single-family homes. From strategy to operation, we are committed to sustainability by acting responsibly in order to secure and improve the quality of life in society.


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Missouri City voters will consider a $ 85.85 million bond package in the November election Tue, 12 Oct 2021 15:45:00 +0000

When Missouri City voters go to the polls for the November 2nd election, they will have a chance to vote for or against a $ 85.85 million bond, the largest in city history.

Divided into three proposals, the loan proceeds would go towards infrastructure improvements for roads and mobility, facilities, and parks and recreation, Missouri City officials said.

The bond package was recommended to the city council in July by the Missouri City Bond Exploratory Committee, a group of Missouri City residents who were reviewing the need for a bond and the projects it contained.

More than half of the bond – $ 51.615 million – is for roads, roads, and mobility projects, including rebuilding more than 80 city streets.

“You will see that the streets [most expensive] because there are so many miles of roads in a church; It is an expensive undertaking to maintain, ”said interim city manager Bill Atkinson.

City building and park modernizations make up the other two bond proposals, which amount to $ 11.22 million and $ 23.015 million, respectively.

If each proposal is accepted, city staff estimate that Missouri City residents of Fort Bend County will see an average increase in their annual property tax bill of $ 78 and an average increase of $ 51 for Harris County residents.

Atkinson said bonds support multi-generation development, spreading the cost of the projects over time so that those who benefit from the updates share the cost.

“Missouri City has aging communities, especially the northern part of Missouri City,” said former councilor Don Smith. “Infrastructure is eroding and it would be a major undertaking to ever catch up with the erosion of streets and sidewalks, so part of the referendum on bonds is extremely important.”

Aging infrastructure

Some areas of Missouri City are more than 50 years old, meaning the streets in those neighborhoods have exceeded the typical 30-year life span of concrete, Atkinson said.

“This city is over 50 years old. The roads and infrastructure that were built back then were supposed to last 30 years – they have outlasted their ages, “said Shashi Kumar, director of public works, at a bond briefing in July. “It’s time to rebuild that.”

Proposal A, dedicated to road and mobility improvements, totals $ 51.615 million and provides $ 38 million to fully rebuild more than 80 streets in the city, including Court Road, Scanlin Road and the Lake Olympia Parkway.

Kumar said roads would be prioritized for reconstruction after a citywide pavement assessment. The number of streets in Missouri City to be replaced exceeds the bond – Kumar estimates the city has $ 108 million in streets to be fully reconstructed.

“It’s a data-driven approach,” he said. “We will repair the roads that are in the worst condition.”

The remaining $ 13.615 million would be used to upgrade traffic lights, landscaping along key corridors and implementing a smart city initiative.

The $ 11.22 million Proposition B also aims to update the aging building infrastructure, Atkinson said. It would fund projects that bring the city’s older buildings up to date and comply with the Americans with Disabilities Act and other updates.

“Prop B is for accessibility [and] to ensure that life safety issues are covered not only for our guests but also for our employees and other visitors, ”said Atkinson.

Park improvements

Proposal C, valued at $ 23.015 million, would put money in four of Missouri City’s 20 parks: Bicentennial Park, Freedom Tree Park, Ridgeview Park, and Sta-Mo Sports Complex. It would also add or improve trails in five parks.

Parks and Recreation Director Jason Mangum said his department is seeing the age of park infrastructure.

“Just like the streets, many of these parks are decades old – up to 40 [and] 50 years old – and in urgent need of improvement, ”said Mangum during the July meeting.

The largest project Proposition C could fund is the redesign of the Sta-Mo Sports Complex at the intersection of Court Road and Moore Road.

The $ 15 million project – $ 10 million of which would be funded by the loan with the remaining $ 5 million from Fort Bend County – would convert the existing baseball and softball fields to accommodate other outdoor sports can be used. The project would also improve the drainage system and structures of the parks, adding pickleball courts, basketball courts and playgrounds.

“This would turn this park from a real eyesore and a problematic part of our community to something we could really be proud of,” said Mangum.

The proposal also includes $ 3.5 million in expansion for Freedom Tree Park. According to city reports, the loan funding would add pavilions, playgrounds and a maze to five acres of land next to the Liberty Tree. In addition, an educational trail explaining the history of the tree would connect the Community Park to the Freedom Tree Park.

Smith, chairman of the Juneteenth Celebration Foundation in Missouri City, said slaves at Palmer Plantation received news of the proclamation of emancipation under the tree of freedom.

“The Freedom Tree is one of the crown jewels of Missouri City,” said Smith. “[This design] provides another place for families in this area to gather together. … It’s a very nice design. “

Renovations to the cart paths and drainage systems at La Quinta Golf Course in downtown Quail Valley would also be funded by the park and recreation facilities.

Councilor Vashaundra Edwards was the only vote to vote against calling the bond elections at a meeting on August 16. She said she declined to spend $ 800,000 on Proposition C to replace pavilions, a toilet, path, and playground in Ridgeview Park after the city council decided on Aug. 2 to pay $ 66,000 for the Park to install a spray protection system. The remaining costs of the Splashpad are covered by external donations.

“I think it’s very appalling that we’re going to be spending so much money on a particular park,” said Edwards. “[We] have other parks that need to be treated, rehabilitated or repaired. “

Financial implications

If the bond goes all the way, the maximum debt service or interest rate and declining tax rate needed to support the bond would be $ 0.1757. Financial services director Allena Portis said this represents a $ 0.04089 increase over the I&S tax rate adopted on September 20 for fiscal year 2021-22.

The I&S rate is one of two parts of the city’s total property tax rate; the other is the maintenance and operating rate. However, the M&O rate is decided by the city council each year and can fluctuate depending on the city’s property value and budget needs, Portis said. Over the past five years, the M&O rate has increased 0.68%, from $ 0.44023 to $ 0.46639 per $ 100 valuation.

If approved, the bonds on the bond would be issued in FY 2022-23, Atkinson said. This means that residents can expect some funded bond projects to start as early as the end of 2022 and stretch over three to five years.

Of the four most recent Missouri City bonds, all 15 proposals were accepted. The city’s most expensive bond to date was a $ 75 million package in 2003.

“Bonds are means that cities can use to raise funds for large capital projects,” Atkinson said. “Capital is very expensive”

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Americans fear is affected by the ongoing pandemic, but 1 Mon, 11 Oct 2021 04:01:00 +0000

SALT LAKE CITY, Oct. 11, 2021 (GLOBE NEWSWIRE) – Many Americans are experiencing symptoms of anxiety as a result of the pandemic. Still, one in five says they will not seek treatment for mental illness, and others say they will not get help until these symptoms take their toll.

Almost half (46%) of all respondents rated their anxiety symptoms in the past six months, according to GeneSight. as moderate to difficult one® Mental Health Monitor from Myriad Genetics, Inc. (NASDAQ: MYGN), a leading provider of genetic testing and precision medicine.

The numbers are even worse for respondents diagnosed with anxiety – 86% rated their anxiety symptoms as moderate to severe in the past six months. Although the pandemic is only 18 months old, more than half of patients diagnosed with anxiety say they lived with symptoms for years or decades before seeking treatment.

Of those who have not had treatment but fear they have anxiety, only 36% are planning treatment. When asked what it takes to get help with their anxiety, 47% said they had a debilitating panic attack. Other reasons included being unable to leave the house (34%), difficulty sleeping (31%), unshakable anxiety (30%) and negative effects on relationships (30%).

To view the picture “Among those who say they will not Find Treatment ”please click here:

“Imagine waiting to treat an ear infection until you lose your hearing. Patients with anxiety symptoms shouldn’t wait to see treatment, ”said Robin Miller, Internist, MD, MHS, owner of Triune Integrative Medicine in Medford, Oregon. “If you are afraid of going out, have panic attacks, cannot sleep, or your relationships are suffering, this is not how you need to live. You don’t have to wait. You don’t have to suffer for years. Help is out there – and treatment can help. “

The Effects of COVID on Anxiety

Many American adults expressed concern about how the pandemic has affected their mental health:

  • Second pandemic. Two in three of all respondents say the US is or will be experiencing a second pandemic – this time it will be a mental health pandemic. Almost six in ten of all respondents said they were concerned about anxiety and / or pandemic PTSD.
  • Main Causes of Anxiety. “Concern for the safety of relatives” (68%) and “fear of infection” (57%) were the main reasons given by all respondents as to why the pandemic increased their symptoms of anxiety.
  • Anxiety symptoms: Nearly two-thirds of respondents diagnosed with anxiety said their symptoms increased “a little or a lot” due to changing requirements related to COVID-19 restrictions.

The conversation about mental health is shifting

Of those diagnosed with anxiety, nearly half said they would feel more comfortable talking about their mental health today than they were a year ago.

“The pandemic appears to have pushed people to share their mental health issues,” said Mark Pollack, MD, chief medical officer for mental health at Myriad Genetics. “Talking about mental health problems is the first step towards treatment.”

Mental disorders should be treated

Although more people are willing to talk about their mental health, one in five respondents still say they will not seek treatment. The main reasons for those who would NOT receive treatment for a mental challenge are:

  • Minimize their struggles. 35% of all respondents say “it’s not a big deal” while 24% say their struggles are “just a phase”.
  • money. 25% say they didn’t want to spend the money or that it costs too much.
  • Drug resistance. 22% say they do not want to undergo trial-and-error drug treatment.

“Untreated anxiety can be linked to distressing and disabling panic attacks, intense worries and disturbances in your life, work and relationships,” said Dr. Pollack. “As with other conditions, individuals should be screened and treated as early as possible to minimize the stress and dysfunction associated with these conditions.”

Anna, a 32-year-old mother who was first diagnosed with anxiety in her early 20s, said it wasn’t easy to seek treatment. She went through an extensive trial and error phase with various drugs and doses.

“Medication seems to work quickly in my body, so if I took a drug that was supposed to help my anxiety, it would instead get worse – I’d have suicidal thoughts and be paralyzed with worry,” Anna said. “My doctor would increase the dosage or change medication, which would have terrible side effects.”

Anna then took the GeneSight test, which analyzes how a patient’s genes can affect their results with drugs commonly prescribed to treat anxiety, depression, ADHD, and other psychiatric conditions.

“After I checked the results of my test, my psychiatrist cut the dose in half and it helped me. To be honest, I don’t know whether I would have taken another drug without genetic testing, ”said Anna. “I’m glad I continued treatment until I found a drug and dosage that worked for me. Now that I am not plagued by paralyzing fear, everything has gotten better. I am a better mother. I am more motivated, more open-minded and friendlier. “

For more information on how genetic testing can educate clinicians about treating depression, anxiety, ADHD, and other psychiatric conditions, please visit To download graphics, a multimedia video, and more information about the survey, please visit

About the GeneSight® Mental health monitor

The GeneSight Mental Health Monitor is a nationwide survey of adults in the United States conducted by ACUPOLL Precision Research, Inc. in August-September. 2021 among a statistically representative sample of adults age 21 and older, including a representative sample diagnosed with anxiety. The error rate of the survey results for the entire base population with a confidence interval of 95% is +/- 3%.

About the GeneSight® Check

Myriad Genetics’ GeneSight Psychotropic Test is the leading pharmacogenomic test for 61 drugs commonly prescribed for depression, anxiety, ADHD, and other psychiatric conditions. The GeneSight test can educate clinicians about how a patient’s genes may affect metabolism and / or response to certain psychiatric drugs. It has been administered to more than 1.5 million patients by tens of thousands of clinicians to provide genetic information that is unique to each patient. The GeneSight test supplements other information a doctor might consider as part of a comprehensive medical assessment. Learn more at

About Myriad Genetics

Myriad Genetics is a leading genetic testing and precision medicine company committed to promoting health and wellbeing for all, empowering people with critical genetic knowledge, and empowering healthcare providers to better identify, treat, and prevent disease. Myriad discovers and commercializes genetic tests that determine disease risk, assess risk of disease progression, and guide treatment decisions across medical specialties where critical genetic intelligence can dramatically improve patient care and reduce healthcare costs. For more information, please visit the company’s website:

Myriad, the Myriad logo, BART, BRACAnalysis, Colaris, Colaris AP, myRisk, Myriad myRisk, myRisk Hereditary Cancer, myChoice, myPlan, BRACAnalysis CDx, Tumor BRACAnalysis CDx, myChoice CDx, Vectra, EndoPredictes are trademarks or, Prequel, Predictes registered trademarks of Myriad Genetics, Inc. or its wholly owned subsidiaries in the US and abroad.

Media contact:
Marie Berg
(513) 317-9672

Investor contact:
Nathan Smith
(801) 505-5067

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Richard Calhoun Obituary (2021) – Omaha, NE Sun, 10 Oct 2021 01:45:24 +0000 Calhoun, Richard “Dick” Pomeroy

Age 86 – September 23, 2021

Richard “Dick” Pomeroy Calhoun, a beloved father, grandfather, and great-grandfather, respected banker, and art lover, died at home on Thursday, September 23, 2021. Dick died just days before his 87th birthday.

He will be remembered as a man steeped in curiosity, humor and integrity – and steadfast in living his values.

Dick was married to Kirsten “Kris” Malm Calhoun for 62 years. Kris died before him on March 13, 2020. He leaves behind his daughter Karen Easterling and her husband Hank Easterling; and by his son Ed Calhoun and his wife Linda Calhoun.

Born in Little Rock, AR, Dick graduated from Central High School in Little Rock and the University of Utah. There he met his future wife Kris on a blind date.

While studying at the university, Dick served in the Reserve Officers’ Training Corps (ROTC). When he was about to be sent to Japan in 1957, he and Kris married. Overseas, he was stationed in Okinawa and flew patrols as a navigator in the US Navy. After returning to the USA, he attended Harvard Business School and earned his MBA

In 1989, Dick helped start a community bank, Springdale Bank & Trust, in a renovated church building in Springdale, AR. He enjoyed building a team and was proud to see it grow into what is now a thriving bank, with more than a billion deposits.

During his banking career, one of the main motivations for him was the intellectual challenge of running a bank and helping clients. He liked when local businesses were successful and helped them get started with credit and expert advice.

Although Dick was a banker for decades, he also enjoyed his role as an educator. As a natural teacher, he loved mentoring and sharing his knowledge of banking, macroeconomics, and financial management with others. He particularly enjoyed teaching community college students.

During his lifetime, Dick lived in numerous locations including Little Rock, AR, where he attended Kramer Elementary, East Side Junior High, and Central High School; Salt Lake City, UT; Okinawa, Japan; Watertown, MA; Riverside, California; Albuquerque and Santa Fe, NM, Springdale, AR; Fayetteville, AR; and Omaha, NE.

As an art lover, he was particularly fond of the art of the American West. He entertained family and friends with his bizarre three-dimensional and installative pieces. His creations included colorful flower sculptures and a metal dog welded from junkyard waste. He placed a decorative rabbit on his porch so that it appeared to be staring at a computer monitor that he had painted red.

Dick had a dry, humble sense of humor and often proudly referred to himself as the descendant of King Richard the Chicken Heart. It showed a framed certificate he earned in school for fine penmanship – although his handwriting was notoriously difficult to read.

In his spare time and in retirement, he meticulously cut the bushes around his house. He loved to sit back in his chair and read everything from magazines to the latest novels. He also extolled the benefits of instant coffee crystals, claiming the taste was superior to “real” coffee.

He was genuinely curious, always collecting information, and showing genuine interest in other people’s ideas. A week before his death, he discussed his views on current events.

His family describes him as down to earth, humble, analytical, empathetic, funny, honest, smart, friendly and decidedly open to his principles.

He was also a genius with numbers. As a child, Karen would reel off a long series of numbers that needed to be added … and Dick kept a running total without a calculator or pen and paper.

When Karen and Ed were children, Dick used car trips as an educational opportunity. Ed remembers one trip when he casually asked how many dollar bills it would take – if the bills were lined up – to reach the moon. Dick calculated the number in no time. He taught Karen how to add numbers and read maps at the same time by asking her to study the map and find out how many miles were between the cities it passed. Then he quickly guessed how many miles were to go before they were “there.” His children always arrived a little wiser at the end of a trip.

All his life, Dick preferred to make charitable donations anonymously. He quietly helped the people behind the scenes so that they never knew the identity of their benefactor. His family wishes to continue this kind-hearted tradition and ask people to consider performing some random – or not so random – act of kindness in his memory.

Published by Omaha World-Herald on October 10, 2021.

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Newsweek named Erste Bundesbank Best Small Bank in Florida for the second year running Fri, 08 Oct 2021 20:01:00 +0000

Released: Oct 8, 2021 at 4:01 pm EDT|Updated: 1 hours ago

SEA CITY, Florida., October 8, 2021 For the second year in a row, First Federal Bank was named Best Small Bank in Newsweeks America’s Best Banks 2022. excellent Florida.

This award is the result of an evaluation of Newsweek’s annual Best Banks ranking. Using LendingTree, Newsweek evaluated more than 50 different factors from thousands of FDIC-insured banks and credit unions, including the savings and checking accounts they offer, to select the best institutions in their class based on 26 different categories.

“Because of the challenges banks faced in the last year in order to continue to serve customers creatively, we feel honored by this recognition and it reflects the commitment of our team members to offer great service and financial solutions,” says FFB President and CEO John Medina. “As the only mutual savings bank in Florida, Newsweek has recognized our ability to better serve local customer needs. This award underscores our commitment to providing stability to our customers, employees and communities.”

COVID has continued to transform banking; In addition to convenience, security has also become an important factor in determining which institution will best serve customers. The first team members at the Bundesbank have further improved their solutions and services to ensure that customers have the opportunity to conduct secure banking transactions: online, by e-mail, telephone or in person. To read Newsweek’s full article, go to

Via the Erste Bundesbank

First Federal Bank is a community-based mutual savings bank providing consumer and commercial banking solutions, services and credit through bank branches in. offers Florida Panhandle, North Central and East Florida, and coasts South carolina. Mortgage, SBA and USDA clients are served through credit bureaus in the Southeast and Midwest. First Federal is located in Lake City, Florida with assets of over $ 3 billion. First Federal is rated “5-Star, Superior” by BauerFinancial, Inc. Coral Gables, Florida. for more than two decades. More information is available at

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SOURCE Erste Bundesbank

The above press release is courtesy of PRNewswire. The views, opinions, and statements contained in the press release are not endorsed by, nor do they necessarily reflect those of Gray Media Group, Inc.

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