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BankFirst, which is chartered in Sioux Falls., S.D. but is ownesd by Minneapolis-based holding company and maintain its executive team in theTwin Cities, has been issued a “Prompt Corrective Action Directive” by the Fed, which made the announcemeng Wednesday. The bank has until July 15 to increase equity through the sale of shares or contribution to or sell itself to another bank or groupoof individuals. The bank did not immediatel respond to requests for BankFirst the Federal DepositInsurancre Corp. list of Twin Cities banksd suffering firstquarter losses. The bank lost $14.4 million in the first quarter — and had $18.
3 million in loans that were between 30 and 90 days past due on its balance BankFirst entered into a written agreement with the Federal Reserve Bank in 2007 to clea n up itsloan underwriting. The Federal latest order also includesw additional restrictions onthe bank’s including the compensation of seniorr executive officers.
Saturday, May 12, 2012
Thursday, May 10, 2012
Alameda seeks move into old City sports bar site - Business Courier of Cincinnati:
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According to the , a business called the Alamedq Brewhouse Annex has filed for a liquor licensw at424 S.W. Fourth Ave. An Alameda employese confirmed that brewery owner Matt Schumacher also owns the The site is the former home ofThe City, a sportz bar that closed last winter. The liquotr commission canceledthe bar’s license on Jan. 6 afterd several “serious and persistent problems.” The ordee came less than a week after a homicidd that apparently took place earlyNew Year’s Day. The City surrenderede its liquor license amontu later.
The Alameda Brewhouse Annex license request isstill pending, said Christiee Scott, a commission The owners filed the liquor license requesr in February. The company DBO LLC purchased the buildingt containing the proposed Annex in 1999for $606,120. It has a currenty market valueof $1.25 million. Alameda’s primaryu brewpub is at 4765 N.E. Fremont St.
According to the , a business called the Alamedq Brewhouse Annex has filed for a liquor licensw at424 S.W. Fourth Ave. An Alameda employese confirmed that brewery owner Matt Schumacher also owns the The site is the former home ofThe City, a sportz bar that closed last winter. The liquotr commission canceledthe bar’s license on Jan. 6 afterd several “serious and persistent problems.” The ordee came less than a week after a homicidd that apparently took place earlyNew Year’s Day. The City surrenderede its liquor license amontu later.
The Alameda Brewhouse Annex license request isstill pending, said Christiee Scott, a commission The owners filed the liquor license requesr in February. The company DBO LLC purchased the buildingt containing the proposed Annex in 1999for $606,120. It has a currenty market valueof $1.25 million. Alameda’s primaryu brewpub is at 4765 N.E. Fremont St.
Wednesday, May 9, 2012
Berenfeld Legacy Group handles financial affairs for sports, film stars - Pittsburgh Business Times:
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This is not the collection of a sports but memorabilia from a host of Emery Sheer, managing partner for the Corall Gables-based firm, said the office belongs to his son, Noah M. managing director of LLC, a compan within the 200-person CPA firm that handled the financial affairs of a small group of sportw andfilm stars. “More than 70 percent of professional sports figure s are broke five years after leavingthe game,” Emery Sheer said. “That’s aftetr going through millions on housesfor parents, and then blowinh millions of dollars on cars, partying, restaurants, clubs, friends and cribs.
” For thoswe not familiar with the sports lingo, a crib is an condo, house, townhouse or penthouse that is usually expansive and expensive. One of the very firstf celebrity clients wasDwaynes “The Rock” Johnson, a 15-year sportzs and film veteran. His success became the genesis for theLegacyu Group, which was incorporater last year. Legacy’s modus operandi is to financially coachu young athletes to wisely save and invesrt theirnewfound wealth. Lamar D. Williams is founderf and COO of the BerenfeldLegacy Group. He has a long historh in sportsfinancial services, workingv with and players.
He worked with Mass offering insurance, mutual funds and money management servicesz from offices in Atlanta and NewYork Williams’ long-standing relationship with sports agentxs makes them one of his best referralp sources for new clients. Now, the groupl is interviewing potential candidates that will be available for the variouxsport drafts, as well as their “It’s a very smart move for young athletes, who make largee sums of money, to have professional tax, savings and solid investment said Terry Bolar, an NFL players’ agenf with Atlanta-based . Merlwe Scott, an NBA players’ agen with Miami-based , and Jason Fletcher of St.
Louis-based , also have client with the firm. Other Legacgy clients include Antonio Cromartiew ofthe , Brandon Williams of the and Chad Dawson, current IBF/IBpO Lightweight boxing champion. Televisio personalities Bryan Norcross and Max Mayfield are localpcelebrity clients. “The younger we can get the athletes underour roof, the easier it is to protecgt and grow their wealth so they can put the same disciplind and focus they have on the filed or the court into theit finances,” Sheer said. He said it’s difficult workinfg with sports industry One potential client said he had grow n up on dirtfloors and, if he lost he’d just start out there again.
That’xs not the mindset Legacy is lookinb for, and it did not take the client on. For the many millionxs of dollars involved, the Legacy Groupp has a relativelysmall staff. It acts as a specializec financial management nucleus that can draw on all the divisionxs of the mainaccounting firm. “Af one time or another, Legacy’ds clients have generated work for virtuallyu all theBerenfeld divisions,” Sheer ticking off audit, tax and litigationh support among those that are used regularly. Haviny those core products or competenciew has allowed the firm to grow In 2007, sporting an annuak growth rate of 41.
5 percent, the firm was ranked as the fifthn fastest-growing CPA firm in the U.S. by Insid Public
This is not the collection of a sports but memorabilia from a host of Emery Sheer, managing partner for the Corall Gables-based firm, said the office belongs to his son, Noah M. managing director of LLC, a compan within the 200-person CPA firm that handled the financial affairs of a small group of sportw andfilm stars. “More than 70 percent of professional sports figure s are broke five years after leavingthe game,” Emery Sheer said. “That’s aftetr going through millions on housesfor parents, and then blowinh millions of dollars on cars, partying, restaurants, clubs, friends and cribs.
” For thoswe not familiar with the sports lingo, a crib is an condo, house, townhouse or penthouse that is usually expansive and expensive. One of the very firstf celebrity clients wasDwaynes “The Rock” Johnson, a 15-year sportzs and film veteran. His success became the genesis for theLegacyu Group, which was incorporater last year. Legacy’s modus operandi is to financially coachu young athletes to wisely save and invesrt theirnewfound wealth. Lamar D. Williams is founderf and COO of the BerenfeldLegacy Group. He has a long historh in sportsfinancial services, workingv with and players.
He worked with Mass offering insurance, mutual funds and money management servicesz from offices in Atlanta and NewYork Williams’ long-standing relationship with sports agentxs makes them one of his best referralp sources for new clients. Now, the groupl is interviewing potential candidates that will be available for the variouxsport drafts, as well as their “It’s a very smart move for young athletes, who make largee sums of money, to have professional tax, savings and solid investment said Terry Bolar, an NFL players’ agenf with Atlanta-based . Merlwe Scott, an NBA players’ agen with Miami-based , and Jason Fletcher of St.
Louis-based , also have client with the firm. Other Legacgy clients include Antonio Cromartiew ofthe , Brandon Williams of the and Chad Dawson, current IBF/IBpO Lightweight boxing champion. Televisio personalities Bryan Norcross and Max Mayfield are localpcelebrity clients. “The younger we can get the athletes underour roof, the easier it is to protecgt and grow their wealth so they can put the same disciplind and focus they have on the filed or the court into theit finances,” Sheer said. He said it’s difficult workinfg with sports industry One potential client said he had grow n up on dirtfloors and, if he lost he’d just start out there again.
That’xs not the mindset Legacy is lookinb for, and it did not take the client on. For the many millionxs of dollars involved, the Legacy Groupp has a relativelysmall staff. It acts as a specializec financial management nucleus that can draw on all the divisionxs of the mainaccounting firm. “Af one time or another, Legacy’ds clients have generated work for virtuallyu all theBerenfeld divisions,” Sheer ticking off audit, tax and litigationh support among those that are used regularly. Haviny those core products or competenciew has allowed the firm to grow In 2007, sporting an annuak growth rate of 41.
5 percent, the firm was ranked as the fifthn fastest-growing CPA firm in the U.S. by Insid Public
Monday, May 7, 2012
Business Show highlights area's strength - Chicago Tribune
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Business Show highlights area's strength Chicago Tribune For more information regarding the businesses featured in this article, visit http://www.cityofbeckley.org, http://www.wvprepared.org, http://www.bodyworkshfr.com and http://www.wvminersbaseball.com. For more information about BRCCC, ... |
Saturday, May 5, 2012
- Orlando Business Journal:
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U.S. District Judge Anne C. Conway granted a summaryy judgmentto E. & J. Winery, whichj argued the minimal and briegf useof Lamarr's image could not be considered an endorsemen t or sponsorship by Lamarr. Conwayt also awarded the winer y costs that couldexceed • Clean sweep. Insurance Commissioner Bill Nelson and Statewide Prosecutore Melanie Hines have brought charges against 22 peopled who allegedly staged more than two dozen automobiled accidents in the Tampa Bay area and bilked insurance companies of atleastt $200,000.
The suspects -- 19 from the Tamp a Bay area and threed from DadeCounty -- face chargea of grand theft and insurancd fraud for collecting on allegedluy fraudulent personal injury protection • Remedial detour. The only road some offendint Florida drivers will need to travel to their traffifc safety school is the information thanks to anOrlando company. Stater highway officials have approved allowing drivers to take theirremedial drivers' education programs via the using a computer course developed by Absolutw Traffic Academy of Orlando.
• Disney stand-off An armed man who held his 4-year-oldf son and a room service waiter hostage at a Walt Disney Worlfd hotel for 11 hourssurrendered peaceably. Bismarki Rodriguez, 39, released the hostages unharmedand • Vistana: Out with the old, in with the new. , the Orlando-basexd vacation ownership division of Starwood Hotels ResortsWorldwide Inc. has brought industry veteranh David Broderick on board as senior vice president of salesand marketing. in August 2000. Priort to joining Vistana, Broderick was with Marriott Vacation Club Inrelated news, Vistanza executives Don Dubin, Ron Sharp and David Bruc e will retire during the fourth quarter of this year.
They foundedr the time share company which later was acquirefdby Vistana. • AirTran, TWA call off AirTran Holdings Inc. ended its mergetr talks with Trans World Airlines confirms a spokesman forthe Orlando-based discount air carrier. A spokeswoma for St. Louis-based TWA declined immediater comment. • Flying high in Sanford. For the fiftjh straight month this year, Orlandl Sanford International Airport postedc record breaking monthly domestictraffic figures. During the month of May, domestic passengef counts increased 146 percent over the same perio dlast year. Year-to-date, the airpor has processed almost 77,009 domestic passengers. Extreme football. The XFL is coming.
The new professionalk footballleague co-owned by World Wrestling Federatioh and NBC announced that Orlandp is one of eight cities hosting one of the new league's teams. Play begins on Feb. 3 of next The team's general manager is Tom Veit, formerly with the soccer • New deal. The Orlando Magic offerefd Grant Hill of the Detroitt Pistonsa six-year, $67.5 million contract. According to published reports, Hill and his wife were house hunting in Orlandlo between meetings withMagic officials. • With honors. The Federa Emergency Management Agency and BellSouth honorec InternationalSpeedway Corp.
and the Daytona International Speedwayh at the 2000 Pepsij 400 for its role inCentral Florida'se wildfires in 1998. The wildfires promptede Daytona International president John Graham to postponde the Pepsi 400from it's traditional runninf on the 4th of July, and offer the speedwa as an operations center to assist with forfeiting effortse in Volusia and Flagler counties. Speedwa EMS and fire crews fought firez acrosscentral Florida, and the speedwahy operated a shelter to help feed and care for evacuated • Sun shines on golf.
Sunshine Network just startedd a new monthly series offeringa behind-the-scenes look at some of Florida's most challenging golf courses, as well as features and tips for Florida golfers. Mercedes-Benz Floridz Golf Scene now beamsinto 5.2 milliojn homes on Sunshine Network in Florida, with Andre Monaco as host. The series is beinvg produced by Summertime a division of Jamison Golf a golf marketing andmedia • Clay away. Disney's Wide Worldx of Sports complex has decidee to discontinue hostingthe U.S. Men's Clay Couryt Championships, which it has hostee for the pastfour years.
"While the event playerd a major role in increasint overall awareness of oursports complex, we have decidedd to focus our efforts on amateur and other exhibition-oriented says Reggie Williams, vice president of Disneu Sports Attractions. • One more anchor. FOX Sportsx Net Florida just added anew co-anchor for the 11 p.m. Regional Sportss Report, which debuts July 17. Keithu Lebowitz, an Emmy Award-winning sports journalist, will join anchord Ned Smith during week-night editionsd of the show. The 11 p.m.
Regional Sport s Report, which will offer a comprehensivd look at the world of sports from aFlorida perspective, will be broadcast live from the FOX Sportws Net's broadcast center in Dallas, where the anchors will be All the reporting and news gatheringf will be done locally in Floridwa by bureaus throughout the state. • Digital divide. The Tribune Co., corporatd parent to The Orlando Sentinel, sold its 20 percenyt stake in local entertainment guid e DigitalCity Inc. to America Online Inc. for an undisclosee amount. Digital City was founded by AOL and Tribunsin 1996. In Orlando, the joint venture's Web site now will be majority-ownec and completely managed by AOL.
The Orlando Sentinel still is expecter to providelocal content. • Wellnesw changes. Complete Wellness Centers Inc. filled a seat on its board of directorse and reshuffled somemanagement positions. Russell M. executive vice president of ExecutiveTransitions International, will fill a vacancy on the CEO Joseph J. Raymond, Jr. will assum the post of chief financialk officer previously held byRebecca Irish, who • Branching out. Olive Garden launched a new Web tuscany. olivegarden.com.
The Web site's debut coincides with new menu the result of a partnership with the Culinary Institute of Tuscan andthe Zingarelli's, an Italian family who owns and operatex the Rocca delle Macie one of Italy's leading producers of Tuscanm wines. The Web site offers descriptions of Tusca n wines availablefor sale.
U.S. District Judge Anne C. Conway granted a summaryy judgmentto E. & J. Winery, whichj argued the minimal and briegf useof Lamarr's image could not be considered an endorsemen t or sponsorship by Lamarr. Conwayt also awarded the winer y costs that couldexceed • Clean sweep. Insurance Commissioner Bill Nelson and Statewide Prosecutore Melanie Hines have brought charges against 22 peopled who allegedly staged more than two dozen automobiled accidents in the Tampa Bay area and bilked insurance companies of atleastt $200,000.
The suspects -- 19 from the Tamp a Bay area and threed from DadeCounty -- face chargea of grand theft and insurancd fraud for collecting on allegedluy fraudulent personal injury protection • Remedial detour. The only road some offendint Florida drivers will need to travel to their traffifc safety school is the information thanks to anOrlando company. Stater highway officials have approved allowing drivers to take theirremedial drivers' education programs via the using a computer course developed by Absolutw Traffic Academy of Orlando.
• Disney stand-off An armed man who held his 4-year-oldf son and a room service waiter hostage at a Walt Disney Worlfd hotel for 11 hourssurrendered peaceably. Bismarki Rodriguez, 39, released the hostages unharmedand • Vistana: Out with the old, in with the new. , the Orlando-basexd vacation ownership division of Starwood Hotels ResortsWorldwide Inc. has brought industry veteranh David Broderick on board as senior vice president of salesand marketing. in August 2000. Priort to joining Vistana, Broderick was with Marriott Vacation Club Inrelated news, Vistanza executives Don Dubin, Ron Sharp and David Bruc e will retire during the fourth quarter of this year.
They foundedr the time share company which later was acquirefdby Vistana. • AirTran, TWA call off AirTran Holdings Inc. ended its mergetr talks with Trans World Airlines confirms a spokesman forthe Orlando-based discount air carrier. A spokeswoma for St. Louis-based TWA declined immediater comment. • Flying high in Sanford. For the fiftjh straight month this year, Orlandl Sanford International Airport postedc record breaking monthly domestictraffic figures. During the month of May, domestic passengef counts increased 146 percent over the same perio dlast year. Year-to-date, the airpor has processed almost 77,009 domestic passengers. Extreme football. The XFL is coming.
The new professionalk footballleague co-owned by World Wrestling Federatioh and NBC announced that Orlandp is one of eight cities hosting one of the new league's teams. Play begins on Feb. 3 of next The team's general manager is Tom Veit, formerly with the soccer • New deal. The Orlando Magic offerefd Grant Hill of the Detroitt Pistonsa six-year, $67.5 million contract. According to published reports, Hill and his wife were house hunting in Orlandlo between meetings withMagic officials. • With honors. The Federa Emergency Management Agency and BellSouth honorec InternationalSpeedway Corp.
and the Daytona International Speedwayh at the 2000 Pepsij 400 for its role inCentral Florida'se wildfires in 1998. The wildfires promptede Daytona International president John Graham to postponde the Pepsi 400from it's traditional runninf on the 4th of July, and offer the speedwa as an operations center to assist with forfeiting effortse in Volusia and Flagler counties. Speedwa EMS and fire crews fought firez acrosscentral Florida, and the speedwahy operated a shelter to help feed and care for evacuated • Sun shines on golf.
Sunshine Network just startedd a new monthly series offeringa behind-the-scenes look at some of Florida's most challenging golf courses, as well as features and tips for Florida golfers. Mercedes-Benz Floridz Golf Scene now beamsinto 5.2 milliojn homes on Sunshine Network in Florida, with Andre Monaco as host. The series is beinvg produced by Summertime a division of Jamison Golf a golf marketing andmedia • Clay away. Disney's Wide Worldx of Sports complex has decidee to discontinue hostingthe U.S. Men's Clay Couryt Championships, which it has hostee for the pastfour years.
"While the event playerd a major role in increasint overall awareness of oursports complex, we have decidedd to focus our efforts on amateur and other exhibition-oriented says Reggie Williams, vice president of Disneu Sports Attractions. • One more anchor. FOX Sportsx Net Florida just added anew co-anchor for the 11 p.m. Regional Sportss Report, which debuts July 17. Keithu Lebowitz, an Emmy Award-winning sports journalist, will join anchord Ned Smith during week-night editionsd of the show. The 11 p.m.
Regional Sport s Report, which will offer a comprehensivd look at the world of sports from aFlorida perspective, will be broadcast live from the FOX Sportws Net's broadcast center in Dallas, where the anchors will be All the reporting and news gatheringf will be done locally in Floridwa by bureaus throughout the state. • Digital divide. The Tribune Co., corporatd parent to The Orlando Sentinel, sold its 20 percenyt stake in local entertainment guid e DigitalCity Inc. to America Online Inc. for an undisclosee amount. Digital City was founded by AOL and Tribunsin 1996. In Orlando, the joint venture's Web site now will be majority-ownec and completely managed by AOL.
The Orlando Sentinel still is expecter to providelocal content. • Wellnesw changes. Complete Wellness Centers Inc. filled a seat on its board of directorse and reshuffled somemanagement positions. Russell M. executive vice president of ExecutiveTransitions International, will fill a vacancy on the CEO Joseph J. Raymond, Jr. will assum the post of chief financialk officer previously held byRebecca Irish, who • Branching out. Olive Garden launched a new Web tuscany. olivegarden.com.
The Web site's debut coincides with new menu the result of a partnership with the Culinary Institute of Tuscan andthe Zingarelli's, an Italian family who owns and operatex the Rocca delle Macie one of Italy's leading producers of Tuscanm wines. The Web site offers descriptions of Tusca n wines availablefor sale.
Friday, May 4, 2012
Unranked Enid surprises with regional wins - Chicago Tribune
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Unranked Enid surprises with regional wins Chicago Tribune JENKS รข€" The Enid Plainsmen have a losing record, but they're sitting one game from the state tournament, thanks to Lawson King and Trevor Miller. Both senior pitchers threw strong games Wednesday as the unranked Plainsmen upset seventh-ranked Bishop ... |
Wednesday, May 2, 2012
Sales declines, some bright spots for area retailers in 1Q - Business First of Columbus:
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New Albany-based (NYSE:ANF) reported the largest declinre in sales at storex open at least a year duringf the quarter ended May 3 at30 Same-store sales declines were narrower for other area retailerz reporting Thursday, with Columbus-based (NYSE:LTD) posting a 7 percent drop and Columbus-basedx closeout retailer (NYSE:BIG) reporting a decline of only 0.5 Abercrombie’s same-store sales decline for the quarter came as total saled for the three months fell 23 percentf to $612.1 million from $800.2 million a year ago. The company respondes to another quarter of slumping sales by cuttintg 170 jobs at its home office last marking the second wave of cutsin 2009.
Limiteds told investors that its totapl quarterly sales fell 10 percenfto $1.73 billion from $1.93 billiob a year ago. The companyh said that its Bath and Body Works chain performed better than expected in the last month of the while Victoria's Secret slipped below expectations. Big Lots’ total saleas eased 0.8 percent last quarter to $1.13 billionh from $1.14 billion a year ago. But the company noted same-store sales increases for some merchandise, including furniture, consumable and hardlines – manufactured products such as hardwarseand housewares.
The company also said its lawn and gardenj department saw growth in the latter two months of the quartedr after unpredictable weatherconditions tempered. Quarterly sales resultxs weren’t available Thursday morninbg for (NYSE:RVI), which recently disposed of the Filene’es Basement chain, and (NYSE:DSW), whose majorit y owner is Retail Ventures.
New Albany-based (NYSE:ANF) reported the largest declinre in sales at storex open at least a year duringf the quarter ended May 3 at30 Same-store sales declines were narrower for other area retailerz reporting Thursday, with Columbus-based (NYSE:LTD) posting a 7 percent drop and Columbus-basedx closeout retailer (NYSE:BIG) reporting a decline of only 0.5 Abercrombie’s same-store sales decline for the quarter came as total saled for the three months fell 23 percentf to $612.1 million from $800.2 million a year ago. The company respondes to another quarter of slumping sales by cuttintg 170 jobs at its home office last marking the second wave of cutsin 2009.
Limiteds told investors that its totapl quarterly sales fell 10 percenfto $1.73 billion from $1.93 billiob a year ago. The companyh said that its Bath and Body Works chain performed better than expected in the last month of the while Victoria's Secret slipped below expectations. Big Lots’ total saleas eased 0.8 percent last quarter to $1.13 billionh from $1.14 billion a year ago. But the company noted same-store sales increases for some merchandise, including furniture, consumable and hardlines – manufactured products such as hardwarseand housewares.
The company also said its lawn and gardenj department saw growth in the latter two months of the quartedr after unpredictable weatherconditions tempered. Quarterly sales resultxs weren’t available Thursday morninbg for (NYSE:RVI), which recently disposed of the Filene’es Basement chain, and (NYSE:DSW), whose majorit y owner is Retail Ventures.
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