Farmers Bank CEO: Why we made a ranking of strongest U.S. community banks
Farmers Bank & Trust was named as one of the Top 100 Highest Performing Community Banks in the 21st Century by 47-year bank consulting veteran Alex Sheshunoff.
IberiaBank Corp. lays out strategic goals for 2020
Louisiana-based IberiaBank Corp. (NASDAQ: IBKC) has set forth multiple goals to meet by 2020 to improve profitability.
IberiaBank is a growing presence in Birmingham's banking scene, ranking 10th with $674.77 million in local deposits. It recently purchased a building in Hoover that will house a number of operations.
“I believe our 2020 strategic goals not only reflect the strength of our business today, but also confidence in our ability to capitalize on the opportunities we see in our markets,”…
Bank of Hawaii reports 5.4% increase in net income for Q1 2018
Bank of Hawaii Corp. (NYSE: BOH) on Monday reported first-quarter net income of $54 million, or $1.28 diluted earnings per share, up 5.4 percent from $51.2 million, or $1.20 diluted earnings per share, in the same quarter last year.
The state’s second largest bank reported its loan and lease balances were $9.9 billion for the quarter ending March 31, an increase of 8.7 percent from $9.1 billion last year.
Total deposits were $14.9 billion, an increase of 1.3 percent from $14.7 billion in last…
Trust expert: Nonprofits can compensate for expected $13B to $20B dent from tax changes
The new tax law probably will cause a significant reduction in the number of people who file itemized tax returns, generating concern among nonprofits and causing them to rethink their strategy for approaching donors.
Americans donate about $390 billion a year to charities with 72 percent coming from individual donors, 15 percent from foundations, 8 percent bequeathed and 5 percent from corporate giving, according to a 2016 study by the University of Indiana.
Of the about $280 billion coming from…
Arizona Biltmore sells for more than $400M
The Arizona Biltmore Resort has sold for more than $400 million, according to The Arizona Republic.
The historic property in Phoenix sold to a New York firm for $403 million. The deal closed April 20, reports the Republic.
New York-based Blackstone Real Estate Advisors purchased the resort at 24th Street and Missouri Avenue. Blackstone, which also owns the Motel 6 chain, is the largest private real estate equity firm in the world. The firm also owns the JW Marriott Desert Ridge Resort & Spa in…
Marissa Mayer’s landlord recalls history of legendary Palo Alto address where she now works
Former Yahoo CEO and Google founding team member Marissa Mayer is going back to her roots with Lumi Labs, a new tech incubator she is starting from a fabled Palo Alto address that she says “has a lot of good juju.”
Saeed Amidi, the owner of the building, agrees about the building's good luck. That's because buying 165 University Ave. three decades ago and hosting companies like Google and PayPal there is what helped him create Plug and Play, one of the region's most active tech incubators and investors.
Amidi…
James Bond-styled apartments may give Elliot Park neighborhood a license to grow (gallery)
The largest housing development in Elliot Park since 2007 will test the most untapped quadrant of downtown Minneapolis.
Tenants began moving into Kraus-Anderson Cos.’ 17-story HQ Apartments tower at 819 Portland Ave. in March. The project's level of success could be a key factor in whether or not Elliot Park becomes the Twin Cities' next hot neighborhood.
“It’s the North Loop of 10 years ago,” said Brent Rogers, whose company, Minneapolis-based Saturday Properties, served as development…
Triangle Rock Club expands to Durham in old Walmart store
After years of talk about opening a new location in Durham, the Triangle Rock Club has finally grabbed a hold of space for a climbing gym in the Bull City. The location: an old Walmart Supercenter.
The indoor rock climbing company has signed a lease for a facility at 1010 Martin Luther King Jr. Parkway, in south Durham.
The search took more than four years, Triangle Rock Club Managing Partner Joel Graybeal says. The goal has been to find space for a gym that would meet growing demand and accommodate…
On the hunt for capital, $125M Seattle condo tower project turns to CBRE
CBRE anticipates strong interest from international and domestic financiers.
It’s finally here: Water Street Tampa begins vertical construction with JW Marriott
Although Tuesday’s groundbreaking of a 26-story JW Marriott hotel marks the official start of Water Street Tampa’s transformation of the city’s skyline, getting to this point has required multiple evolutions of the development itself.
Water Street, which spans 50 acres between the southern tip of downtown Tampa's waterfront and the central business district, will build more than 9 million square feet of commercial, residential, hospitality, educational, entertainment, cultural and retail space.…