Weekly Market Snapshot from Frazier Allen for the week of May 7th, 2013
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
The economic data reports were mixed. The ISM surveys were on the weak side of expectations. Consumer confidence improved in April, but has remained range-bound with a low trend in recent months. The ADP payroll estimate for April disappointed, but the Employment Report was stronger than anticipated. Nonfarm payrolls rose by 165,000, better than the median forecast (+150,000), but more importantly, not as bad as feared. Payroll figures for February and March were revised a net 114,000 higher.
The unemployment rate edged down to 7.5% (from 7.6% in March and 8.1% a year ago) and for once that was not due to a decrease in labor force participation. The employment/population ratio edged up, but the trend has remained flat over the last few years. The April payroll figures helped boost share prices. [Read more]
Aspen Dental Opens New Practice in Clarksville Tennessee
Dr. Hung Tran, DDS, and Team to Offer Full-Service Dental Care, Personalized Treatment Plans
Syracuse, NY – Aspen Dental is proud to announce that a new Aspen Dental office is opening in Clarksville, TN on Thursday, May 9th. Located at 2702 Wilma Rudolph Boulevard, the practice will provide dental services that range from dentures and preventive care to general dentistry and restoration.
Dr. Hung Tran, lead dentist at the Clarksville office, received his Doctor of Dental Surgery (DDS) degree from New York University College of Dentistry, which included a year-long fellowship in oral and maxillofacial surgery.
AspenDental to open at 2702 Wilma Rudolph Boulevard Thursday, May 9th.
Trane becomes Clarksville-Montgomery County Green Certified
Montgomery County, TN – Trane, a global provider of heating, ventilating and air conditioning (HVAC) is celebrating 100 years in business. Locally, Trane has been manufacturing industrial air conditioners in the community for 55 years.
The company has a rich history of giving back to Clarksville-Montgomery County with involvement in our local schools, United Way, other charitable organizations and with the Clarksville-Montgomery County Green Certification Program.
Green Ribbon Cutting Ceremony for Trane.
F&M Bank announces Promotions
Clarksville, TN – F&M Bank has announced the following promotions of four veteran mortgage employees, according to Sammy Stuard, bank CEO and president.
Denise Alexander, vice president and operation manager for F&M’s mortgage department has been promoted to senior vice president of F&M Bank.
Yvonne Witzler, assistant vice president and manager of F&M’s mortgage office in Clarksville has been promoted to vice president of F&M Bank.
(Top row L to R) Denise Alexander, Yvonne Witzler, and Rodney Wilds. (Bottom row) Brian Maggart.
Clarksville Area Chamber of Commerce May Events
Clarksville, TN – The Clarksville Area Chamber of Commerce announces upcoming events during the month of May.
On May 3rd at 11:00am, the Chamber, along with the Clarksville-Montgomery County Industrial Development Board, will be hosting the annual Industry Appreciation Lunch at the Beachaven Winery, 1100 Dunlop Lane.
This free lunch is the Chamber’s way of saying thank you to all those who are part of the Clarksville-Montgomery County local workforce. For more information, contact Emily Jones at ejones@clarksville.tn.us. [Read more]
Signs Now Clarksville receives Top Award
Clarksville, TN – Richard, Suzanne, Kenny and Kelly Pryor, owners of Signs Now Clarksville, recently received one of the top awards at the 2013 Signs Now and Signs By Tomorrow Convention in Savannah, GA.
The signage and graphics company received the Sales Excellence Award, which is presented to the top ten percent in system-wide sales among all franchise members. [Read more]
HopFed Bancorp Inc. reports First Quarter Results for 2013
Hopkinsville, KY – HopFed Bancorp, Inc. (NASDAQ: HFBC) (the “Company”), the holding company for Heritage Bank (the “Bank”), today reported results for the three month period ended March 31st, 2013.
For the three month period ended March 31st, 2013, the Company’s net income available to common shareholders was $984,000, or $0.13 per common share, basic and diluted, compared to net income available to common shareholders of $470,000, or $0.06 per common share basic and diluted, for the three month period ended March 31st, 2012. [Read more]
Premier Medical Group Welcomes Dr. Crystal Twynham to Doctors’ Practice
Clarksville, TN – Premier Medical Group is pleased to announce the addition of Dr. Crystal Twynham to their newly opened General Surgery Department.
Dr. Twynham, a native of Minnesota, earned her medical degree from the University of Minnesota. She completed her general surgery residency at Marshfield Clinic in Marshfield, Wisconsin, and spent a year in a Fellowship in Bariatric and Minimally Invasive Surgery at the University of Minnesota. Dr. Twynham was in private practice in Minnesota and Alabama before moving to Clarksville.
Dr. Crystal Twynham
Weekly Market Snapshot from Frazier Allen for the week of April 28th, 2013
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
The economic data were generally on the weak side of expectations. The advance estimate of 1Q13 GDP growth came in weaker than anticipated (at a 2.5% annual rate, vs. expectations of +3.0% or +3.1%). Consumer spending was stronger than anticipated at the start of the quarter, while business fixed investment rose more slowly than expected. Inventories rose at a faster pace, adding a full percentage point to overall growth. Government (mostly defense) remained a drag on overall growth. The PCE Price Index continued to trend far below the Fed’s 2% target (suggesting little need for the Fed to taper its rate of asset purchases).
Earnings reports were mixed, but generally with some caution in the forward outlooks. Relatively slow global growth isn’t going to help and fiscal policy has dampened the outlook domestically. [Read more]
Akebono Brake Corporation becomes Clarksville-Montgomery County Green Certified
Montgomery County, TN – The latest industry to become Clarksville-Montgomery County Green Certified is Akebono.
Akebono’s Montgomery County location is a leading global manufacturer of brake friction materials and components. The company is ISO 14001 Certified which is a coveted international certification meaning that it has met the criteria for environmental management systems.
Akebono Green Certification Ribbon Cutting.
