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Clarksville Weekly Market Snapshot from Frazier Allen for the week of August 2nd, 2015

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – The week began with an 8.5% drop in the Shanghai Composite Index, which sent markets down worldwide (but the Chinese market appeared to stabilize later). The Fed made only slight alterations to the wording of the monetary policy statement, and did not provide a strong signal that a September move is coming.

Real GDP rose at a 2.3% annual rate in the advance estimate for 2Q15, a bit shy of expectations, but the first quarter was revised to +0.6% (from -0.2%). Annual benchmark revisions showed a somewhat slower rate of growth in the past few years (mostly in 2013), which implies that the output gap (the difference between GDP and potential GDP) is higher than it was thought to be earlier (an important consideration for the Fed).

Frazier Allen

Frazier Allen

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F&M Bank announces Plans for New Hendersonville Facility

 

F&M BankHendersonville, TN – F&M Bank has announced plans to construct a new 10,000 sq. ft. facility at 221 Indian Lake Boulevard in Hendersonville Tennessee.

In September 2008, F&M Mortgage Services opened at 100 Bluegrass Commons Boulevard, which was quickly followed in the spring of 2009 with the addition of banking services at the same location.

F&M Bank has announced it will construct a new 10,000 sq. ft. banking and mortgage facility at 221 Indian Lake Boulevard in Hendersonville Tennessee. Groundbreaking is anticipated to occur in October 2015.

F&M Bank has announced it will construct a new 10,000 sq. ft. banking and mortgage facility at 221 Indian Lake Boulevard in Hendersonville Tennessee. Groundbreaking is anticipated to occur in October 2015.

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of July 29th, 2015

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – This week the economic calendar is busy. The focus is likely to be on the GDP report (note that financial market participants typically over-emphasize the headline figure – the devil is in the details).

Durable goods orders are expected to have been boosted by a pickup in aircraft orders in June, but the trend in non-transportation orders has been weak in recent months. The Conference Board’s Consumer Confidence Index rose sharply in June – so it wouldn’t be unusual to see a modest pullback in July.

Frazier Allen

Frazier Allen

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Planters Bank adds Wes Sumner to Commercial Team

 

Planters BankClarksville, TN – Planters Bank welcomes Wes Sumner to its commercial banking division as assistant vice president.

A native Clarksvillian, Sumner received a B.B.A. in finance from the University of Memphis and an M.B.A. from Mississippi State University. For the past nine years, he worked for Regions Bank in Knoxville, Nashville and Clarksville, where he was a branch manager.

Wes Sumner

Wes Sumner

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of June 29th, 2015

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – The week began with a renewed sense of optimism that a Greek debt deal would be worked out. Sentiment then faded after negotiations with Greece’s creditors broke down, but then hopes continued that a deal would be reached over the weekend.

The economic data were mixed. Home sales figures improved in May. Durable goods orders were disappointing. The estimate of 1Q15 GDP was revised to show a -0.2% annual rate (vs. -0.7% in the second estimate), up 3.0% from a year ago. Note that the estimate of Gross Domestic Income rose at a 1.9% annual rate (+3.7% y/y).

Frazier Allen

Frazier Allen

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Krin Mims joins Higgins Insurance Team in Hopkinsville

 

Higgins InsuranceHopkinsville, KY – Higgins Insurance is proud to announce the addition of Krin Mims to their insurance sales and service team. Mims is a graduate of Georgia College and State University with a bachelor’s degree in Sociology.

Mims also sits on the Board of the Hopkinsville Junior Auxiliary as the Public Relations Chair.

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Businesses Recertify for Clarkville-Montgomery County Green Certification Program

 

Clarksville-Montgomery County Green Certification ProgramMontgomery County, TN – Representatives from organizations that were certified in 2013 opted to attend a CMC Green Certification Refresher Class where they were brought up-to-date on the latest environmental concerns in our community, discussed their own impacts on the environment and shared their continued improvements.

Attendees for the Certification refresher class pictured from left to right: Barry Batson, Budweiser of Clarksville; Tammie Matthews, Campbell Crossing, Lend and Lease; Kathy Jones, Campbell Crossing, Lend and Lease; Melinda Shepherd, Clarksville Area Chamber of Commerce; Shea Bradford, Stone, Rudolph & Henry, PLC; Judy Gebers, Frontier Basement Systems; Steve Springer, Stone, Rudolph & Henry, PLC; Annie Herlocker, Montgomery County Public Library; Jeff Battles, Jostens: Lacey Groves, Clarksville Area Chamber of Commerce; Kathryn Norbeck, Clarksville Restore; Rachel  Friend, Trane; John Jackson, Clarksville Department of Electricity; Kim Doll, Red Knight Distribution; Sherrie Mun, Legends Bank; Rachel Zalewski, Red Knight Distribution; Diana Griffin, Mainstream Heating & Cooling; Mike Daly, Agero;  Jarrod Wiliams, Jostens; Debbie Payne, Screaming Eagle Ready Mix; Chip Ballard, Agero; Patti Sinclair, Moore Magnet School; Al Kertis, Jostens; Doug Wilson, Jostens; Chad Crocker, Nyrstar; Erin Bonner, Jostens; Donald Haynes, Florim, USA and Joey Smith, Montgomery County Health Department.

Attendees for the Certification refresher class pictured from left to right: Barry Batson, Budweiser of Clarksville; Tammie Matthews, Campbell Crossing, Lend and Lease; Kathy Jones, Campbell Crossing, Lend and Lease; Melinda Shepherd, Clarksville Area Chamber of Commerce; Shea Bradford, Stone, Rudolph & Henry, PLC; Judy Gebers, Frontier Basement Systems; Steve Springer, Stone, Rudolph & Henry, PLC; Annie Herlocker, Montgomery County Public Library; Jeff Battles, Jostens: Lacey Groves, Clarksville Area Chamber of Commerce; Kathryn Norbeck, Clarksville Restore; Rachel Friend, Trane; John Jackson, Clarksville Department of Electricity; Kim Doll, Red Knight Distribution; Sherrie Mun, Legends Bank; Rachel Zalewski, Red Knight Distribution; Diana Griffin, Mainstream Heating & Cooling; Mike Daly, Agero; Jarrod Wiliams, Jostens; Debbie Payne, Screaming Eagle Ready Mix; Chip Ballard, Agero; Patti Sinclair, Moore Magnet School; Al Kertis, Jostens; Doug Wilson, Jostens; Chad Crocker, Nyrstar; Erin Bonner, Jostens; Donald Haynes, Florim, USA and Joey Smith, Montgomery County Health Department.

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Planters Bank adds Will Sanders to Commercial Team

 

Planters BankClarksville, TN – Planters Bank welcomes Will Sanders as an assistant vice president to its commercial banking division.

A native Clarksvillian, Sanders spent the last few years as executive director and country manager for Hancock Prospecting Mongolia, LLC. Prior to that, he worked as financial advisor at Bank of America Merrill Lynch and  financial services officer at Farm Credit Services of Mid America.

Will Sanders

Will Sanders

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Clarksville Montgomery County Career Center earns Business of the Month Recognition

 

Miller-Motte Technical CollegeClarksville, TN – The Clarksville Montgomery County Career Center located near DowClarksville-Montgomery County Career Centerntown Clarksville caters to the needs of the unemployed and employers to increase workforce opportunities in Clarksville, Montgomery County, and the surrounding areas.

From employee preparation, such as, résumé writing and assistance, training, pre-employment testing, to job searching by networking with employers, the Career Center provides all of these services and more.

Clarksville Montgomery County Career Center Business of the Month Award

Clarksville Montgomery County Career Center Business of the Month Award

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of June 22nd, 2015

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – In its monetary policy statement, the Federal Open Market Committee recognized that “economic activity has been expanding moderately after having changed little during the first quarter.” Labor market slack has “diminished somewhat.” Growth in consumer spending has been “moderate,” while the housing sector “has shown some improvement.”

In the revised Summary of Economic Projections, Fed officials lowered their forecasts of 2015 GDP growth, but raised slightly their expectations for growth in 2016 and 2017.

Frazier Allen

Frazier Allen

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