Buchanan Realty Group CLICK HERE located in Hamilton Hills Shopping Center, 621 Old Hickory Blvd., sponsors Strictly Business, a weekly column that takes a look at a few of this week’s business highlights.
The Buchanan Realty Group – (731) 300-3071 – provides commercial real estate services throughout Tennessee. The group specializes in leasing, tenant representation, investment sales and acquisition – concentrating on retail, hospitality, c-store, medical, industrial and multi-family sectors.
Jackson Chamber announces 2022-2023 board members
JACKSON, TENNESSEE – The Jackson Chamber’s Board of Directors elected board members for the 2022-23 fiscal year.
2022-2023 Executive Committee Members (also members of the Board of Directors) are:
Todd Swims, Chairman, Leaders Credit Union; Roger Smith, First Vice Chairman/Chairman-Elect, Thompson & Smith, LLC; James “J.R.” Ross, Immediate Past Chairman, West Tennessee Healthcare;
Kyle Spurgeon, President/CEO, Jackson Chamber; Curtis Mansfield, Secretary and Treasurer, (appointed by the Chairman); Mayor Scott Conger, Ex Officio, City of Jackson and Mayor Jimmy Harris, Ex Officio, Madison County
The board elected three new members to serve three-year terms on the Board of Directors. They are:
Marilyn Jackson, Marilyn Jackson’s Gifts; Dale Thomas, Rainey, Kizer, Reviere, & Bell, PLC and Mechele Williams, Jackson Energy Authority
Chairman Swims appointed three members to serve one-year terms on the Board of Directors. They are: Joey Hale, Town & Country Realtors; Andrew Long, Community Bank; Caleb Meriwether, Haven Insurance Partners and Vadessa Flack, Manpower Professional, is the 2022-2023 Leadership Jackson Alumni Association representative.
Returning Directors are Bob Arrington, Arrington Funeral Directors and Crematory; Stephen Eldridge, Alexander Thompson Arnold PLLC; John Goodwin, Conagra Brands, Inc.; Will Lovelady, Stix N Smoke Cigars; Chuck Newell, Simmons Bank; Diane Rushing, Le Bonheur Children’s Outpatient Center. Ex Officio members are Dr. George Pimentel, Jackson State Community College; Dr. Logan Hampton, Lane College; Dr. Marlon King, Jackson-Madison County School System; Mayor Connie Mullins, City of Medon; Dr. Samuel W. “Dub” Oliver, Union University; Dr. Niles Reddick, The University of Memphis-Lambuth Campus; Mayor Larry Sanders, City of Three Way; and Dr. Jeff Sisk, Tennessee College of Applied Technology.
New 240 unit apartment complex approved for Smith Farms location
A first step for the construction of a new 240 unit apartment complex in north Jackson was approved by the Jackson Municipal Regional Planning Commission during its monthly meeting at City Hall, Wednesday.
Offered by Banner at Sterling Farms, the proposed location is the 3170 block of the U.S. Highway 45 Bypass Frontage Road on 20.24 acres in Smith Farms.
Beer Board approves 2 special occasion permits during monthly meeting
The Jackson Beer Board approved requests for two special occasions during its monthly meeting at City Hall, Tuesday.
Kimberli Moore was approved for a permit for a Special Occasion known as as Speaking of Art for selling, storing, and serving at the New Southern Hotel.
The event will be held March 10.
Elizabeth Stokes, representing the Jackson Symphony, was approved for a permit for a Special Occasion known as Ballads and Boots Songwriter’s Night for selling, storing, and serving at Madison Downs.
The event will be held from 6 p.m. to 11 p.m., March 24.
Construction continues on new car wash near Kroger on West University Parkway
Construction continues on a new car wash – WOW WASH – which will be located at the 101 block of West University Parkway, near Kroger.
The facility will consist of 5,054 square feet and will be constructed on approximately 1.22 acres.
When constructed, WOW WASH will offer 20 vacuum stalls.
First Horizon Bank sold to Canadian bank group
Toronto-Dominion Bank Group (TD.TO) will buy First Horizon Corp (FHN.N) for $13.4 billion in cash to expand its footprint in the southeastern United States, the banks said on Monday, in a record acquisition for the Canadian lender.
Based in Memphis – First Horizon has three locations in Jackson – 325 Oil Well Road, 2076 North Highland Avenue and an ATM at 180 East Chester Street.
According to Reuters, the deal is the culmination of a concerted hunt for U.S. acquisitions by TD, the second-largest bank by market value in Canada, and follows unsuccessful bids for other U.S. assets that have come up for sale in recent months.
TD will pay $25 for each First Horizon share, a 37% premium to the target’s last close. Shares of Memphis-based First Horizon were up nearly 32% in premarket trading.
The deal will help TD’s U.S. franchise emerge among the top six U.S. banks, with about $614 billion in assets and a network of 1,560 branches, serving over 10.7 million U.S. customers across 22 states, the bank said.
TD is currently the No. 8 bank in the United States by assets, with most of its operations located in the northeast and Florida. The deal will be funded entirely with TD’s excess capital.
The deal is TD’s biggest ever.
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