Cincinnati beer importer pays record-breaking settlement
A West Chester-based beer importer has paid the largest amount offered to settle a trade practice violation in the history of the federal Alcohol and Tobacco Tax and Trade Bureau.
Warsteiner Importers Agency Inc.’s offer to pay $900,000 to resolve the issues was accepted by the bureau, known as the TTB, April 30.
Warsteiner was accused of several violations known as “engaging in illegal tied house, commercial bribery and exclusive outlet violations committed in order to compromise a retailer’s…
Wealthy out-of-town buyers push up Boulder home prices
BOULDER — The average price of a single-family home in Boulder has risen to $1.2 million thanks to a spate of sales of $2 million-plus homes.
The Daily Camera reports that activity in the $2 million-and-over market ticked up precipitously, with 18 such first-quarter sales in the city. That’s up from five during last year’s first quarter, and more than triple the five-year high. Two-million dollar home sales have not exceeded single digits in any of the previous five years.
Related Articles
Northern Colorado farmers determined to stay in business
Denver council outlaws slot homes after years of neighborhood outcry
After years of booming development, Denver’s slot home crackdown comes too late for some neighborhoods
New Globeville apartment project to provide housing for people with disabilities, low incomes
Colorado Coalition for the Homeless asks judge to halt sale of federal land in Lakewood, hoping to turn it into housing community
Multi-million dolla..
Citing cost concerns, Smith & Wollensky will shutter Back Bay Castle
Medford-based steakhouse chain Smith & Wollensky plans to close its 500-seat restaurant in Boston’s Back Bay this summer, The Boston Globe reported.
Smith & Wollensky representatives declined to speak with the Business Journal regarding the closure. Representatives did not release a formal announcement, instead directing the Business Journal to the Globe story.
Michael Feighery, Smith & Wollensky’s president, told the Globe that the restaurant’s 15-year lease was coming due. The chain would…
Bank closes on sixth, seventh transactions in three years
Transition teams are already in place to assist with the merger.
Feds sue Fairfax investment firm for operating a Ponzi scheme
The Commodity Futures Trading Commission said about 50 investors were defrauded. The firm denies the claims.
Ixonia Bank extending presence to downtown Milwaukee, reveals growth plans
Ixonia Bank is embarking on a growth plan to build itself into a $1 billion company, and as part of that strategy, the firm will establish a presence in downtown Milwaukee and beef up its operations in Madison.
With $320 million in assets, Ixonia Bank operates seven branches in Dousman, Hartland, Ixonia and Watertown. In the next year, the company said it will open a branch in downtown Milwaukee and convert its Madison loan production office into a full-service banking center. The company is also…
IBC Bank first-quarter profit up 67 percent
Profit at Laredo-based International Bancshares Corp. was up during the first quarter this year, something the South Texas bank attributed to tax reform and its performance.
The parent company of IBC Bank (Nasdaq: IBOC) generated $53 million in net income during the quarter that ended March 31, up from $32 million during the same period in 2017, which is a 67 percent increase year-over-year.
Its provision for probable loan losses, or amount set aside for potential defaults, declined from $1.7 million…
Parent co. for re-emerged Bank of Houston raises $16M
A rebooted Bank of Houston has raised millions of dollars through its parent company as the bank looks to launch in the Bayou City again.
Houston-based BOH Holdings Inc. raised about $16.2 million, according to a May 7 filing with the Securities and Exchange Commission. Bank of Houston NA recently surfaced with Bank of Houston's original founder Jim Stein, as the bank's chairman, president and CEO. Stein sold Bank of Houston to Independent Bank Group Inc. (Nasdaq: IBTX) for roughly $170 million…
BNP Paribas to sell more First Hawaiian stock
BNP Paribas, the Paris-based majority shareholder of First Hawaiian Bank, said it will offer 15.3 million shares of First Hawaiian’s common stock in an underwritten public offering.
The secondary common stock offering would reduce BNP’s stake in the Honolulu-based bank to 49.93 percent, compared to its current 61.93 percent stake.
BNP said it intends to grant the underwriters a 30-day option to purchase up to an additional 1.53 million shares of the First Hawaiian’s common stock.
If…
Charles Schwab opens up about how his struggles with dyslexia shaped him as a CEO (Video)
Discount brokerage pioneer Chuck Schwab said there are positives and negatives to being dyslexic as part of a nonprofit’s video campaign this month to help end the stigma around mental health and learning disabilities among children.
“You’ll become a humbler person — humble in the sense that you don’t know everything,” Schwab said in the video. “It’s good to go to people that might be smarter than you about a subject, and it can actually lead to some leadership qualities.”
Schwab’s…