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Dave Rowe
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Tax Incentive for Equipment Helps Free up Cash
By Dave Rowe, manager of Pinnacle's
Equipment Leasing Services area
Business owners asking themselves whether they really need to purchase
equipment might be nudged to do so this year after hearing the details of the Economic Stimulus Act (ESA). Click here to find out how businesses purchasing
equipment in 2008 can benefit from the temporary tax incentives created by the ESA.
Dave can be reached at 743-6077 or dave.rowe@pnfp.com.
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Consumer
Confidence, Expectations Plunge
Consumers' expectations about the economy dropped to 47.9 percent in March, down from 58.0 percent in
February. The March reading, based on survey respondents' outlook for business conditions over the next six months, was the lowest since 1973.
The expectations index is part of the Conference Board Consumer Confidence Index, which fell to a five-year low
of 64.5 percent in March. Rising unemployment and inflation fears helped lower the index from 76.4 percent in February.
Rising costs of food and gas, along with falling prices in the real estate and stock markets, have people
altering spending plans and cutting expenses.
Tennessee Ranked No. 3 in Economic Development
Tennessee is third in the nation for economic development in 2007, according to a ranking by Site
Selection magazine. The state received the No. 3 spot because it began nearly 300 new industrial projects last year that either had a capital
investment of $1 million or more, created at least 50 new jobs or involved the creation of at least 20,000 square feet of new floor area.
Four Tennessee cities landed on the magazine's top 10 metro list, more than any other state.
Nashville-Murfreesboro ranked sixth for metro areas of more than one million, Knoxville came in 10th for metros between 200,000 and
one million, and Morristown ranked second and Johnson City fourth in the 50,000 to 200,000 category.
In its 30th year of awarding the rankings, Site Selection is the oldest publication in the
corporate real estate and economic development field.
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When is the next sales tax
holiday?
Last month the Tennessee Department of Revenue announced the change of the
special spring Sales Tax Holiday date to Friday, April 25 through Sunday, April 27. The date was originally set for March 21-23, which was Easter
weekend.
During these three days shoppers do not have to pay sales tax on clothing or school supply purchases of $100 or less, or on computers up to $1,500. Click here for a list of
exemptions. |
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PrimeTrust and Bank of the South Become Pinnacle
PrimeTrust Bank and Bank of the South formally
changed their names and identities to Pinnacle National Bank on March 3. Mid-America Bancshares, parent company of PrimeTrust and Bank of the South,
was merged with Pinnacle on Nov. 30, 2007, creating the second-largest bank holding company headquartered in Tennessee with combined assets of more
than $3.8 billion. The combination provides the convenience of 31 offices in eight Middle Tennessee counties and two in Knoxville. |
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Hermitage Celebrates Grand Opening
Pinnacle celebrated the grand opening of its Hermitage
office at a ribbon-cutting reception last month attended by local officials, community leaders, associates and clients. The office is located at 4715
Andrew Jackson Parkway (across from Wal-Mart) and was originally planned as an office of Bank of the South. The new office is approximately 2,700
square feet, with two drive-through lanes and an ATM.
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Ground Broken
on Dickson Office
Dickson elected officials, community and business leaders, clients and associates of Pinnacle recently broke ground for a new Pinnacle office
in the center of downtown Dickson at 501 Hwy. 46 South.
The plans call for two drive-through banking lanes and a drive-up automated teller machine (ATM). Inside, the office will
feature the signature Pinnacle Learning Center for meetings, workshops and use by community groups. Construction on the
4,122-square-foot facility will begin in the second quarter of 2008. |
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New Faces at
Pinnacle
Chris Kelly joins Pinnacle as senior vice
president and advisor for the firm's trust services group. Chris brings over 18 years experience and comes most recently from a
private law practice. Prior to that he served as a trust advisor for Cavalry Bank.
Brian Manning has been named office manager of Pinnacle's Goodlettsville
office. Brian, a Goodlettsville native, joined Pinnacle last year as a financial advisor. Prior to Pinnacle, he was an office manager
for the Abbott Martin office of Regions Bank.
Kay McAlister, based at Pinnacle's Cool Springs - Mallory Lane
office, joins as a financial advisor. She brings 30 years of experience from Bank of America, where she most recently served as a premier
client manager.
Barbara Wilkerson, with 35 years of experience, serves as a
financial advisor for Pinnacle's Hermitage office. She was most recently a branch manager for Bank of the South.
Pinnacle also welcomes three additional associates:
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Sandra Austin, 9 years experience, mortgage
advisor
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K.J. Baird, 30 years experience, assistant to
client services manager and chief admin. officer
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Storm Trosdal, 10 years experience, credit
analyst |
Chris Kelly |
Brian Manning |
Kay McAlister |
Barbara Wilkerson |
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Arthur Laffer |
Economist Arthur Laffer at April 17 Forum in
Murfreesboro
Internationally renowned supply-side economist Dr. Arthur Laffer is the speaker for a Pinnacle Forum in Murfreesboro on
April 17 from 7:30 - 9:00 a.m. at the Stones River Country Club, 1830 NW Broad St. Breakfast will be served.
Laffer is a founding member of the Congressional Policy Advisory Board, was a member of President Reagan's Economic Policy
Advisory Board for two terms and was Chief Economist at the Office of Management and Budget (OMB) under Secretary of the Treasury George
Shultz. He is the owner of Nashville-based fund management firm Laffer Associates.
For information or to RSVP, contact Bethany Cole at 849-3349 or bethany.cole@pnfp.com. |
Bob Fisher |
Belmont University President at April 29 Forum in Nashville
Dr. Bob Fisher, president of Belmont University, is the speaker for a
Pinnacle Forum in Nashville on April 29 at 4:30 - 5:30 p.m. at the Loews Vanderbilt Hotel, 2100 West End Ave. A reception will
follow Dr. Fisher's remarks.
Dr. Fisher has published
numerous articles on management and leadership in the Personnel Journal and Personnel Administrator. He is co-author of Real
Dream Teams, a book on team leadership.
For information or to RSVP,
contact Brenda Cameron at 744-3773 or brenda.cameron@pnfp.com.
Upcoming
Workshops
Business Succession Planning
with Berney Ragan, Investment Consultant for Pinnacle
Asset Management and Raymond James Financial Services, Inc.*
RSVP or questions: Summer Yeiser at 620-1207 or summer.yeiser@pnfp.com
Retirement Planning
with Berney Ragan, Investment Consultant for Pinnacle
Asset Management and Raymond James Financial Services, Inc.*
RSVP or questions: Summer Yeiser at 620-1207 or summer.yeiser@pnfp.com
Top 10 Ways for Employers to Reduce Legal
Risks
with Kim Vance, Attorney at Law
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Pinnacle Green Hills - Richard Jones Road
Tuesday, April 22, 11:30 a.m. - 12:30 p.m. (workshop and box
lunch)
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Pinnacle Cool Springs - Carothers
Tuesday, May 13, 11:30 a.m. - 12:30 p.m. (workshop and box
lunch)
RSVP or questions: Summer Yeiser at 620-1207 or summer.yeiser@pnfp.com
* Securities and investment advisory services offered through
Raymond James Financial Services Inc. Member NASD/SIPC - Not FDIC insured - Not guaranteed by Pinnacle National Bank - Subject to risk and may lose
value
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