Topic: Bank of America

Husband and wife artists tackle global water crisis with new exhibit

November 1, 2009 |

Husband and wife artists Gregg Schlanger and Monica Quattrochio, troubled by what a billion Third World inhabitants must drink to survive, are opening a new installation and exhibit at the Twist Art Gallery in Nashville that deals specifically with water.

“Water is a symbol of life, fertility, purification and healing,” Quattrochio, an APSU alumna and fine arts photographer, said. “It can evoke feelings of calmness and serenity but also conjure up strength and power.”

The exhibit, which opens Nov. 7 from 6 to 9 p.m. and runs through Nov. 28, will feature literal and abstract photographs by Quattrochio and a public installation by Schlanger, a professor and chair of the APSU Department of Art.

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Sections: Arts and Leisure | No Comments

F&M Bank maintains market share top spot in Montgomery County and MSA

October 27, 2009 |

According to reports just issued by the FDIC, F&M Bank has maintained its number one ranking for total deposits in Montgomery County for the sixth year in a row. F&M increased its market share in Montgomery County to 19.52% of total deposits, an increase of .56% over last year. According to the 2009 FDIC reports of deposits through June 30, 2009, Regions Bank ranked number two with 13.43%, while Legends Bank held the number-three position with 12.26%. Other banks with double-digit market share in Montgomery County include First Federal with 12.17%, U.S. Bank with 11.49% and Bank of America with 11.15%.

F&M Bank also maintained its number one deposit ranking for the entire Clarksville-Hopkinsville Metropolitan Statistical Area (MSA), which includes Stewart County, Tenn., and Trigg County, Ky. In 2009, F&M’s deposit market share rose to 13.74%, up from 13.65% in 2008. Planters ranks number two with 11.12% and Regions rose to 10.24%, taking the number three spot away from BB&T. The FDIC issues deposit market share reports on all federally insured institutions annually. «Read the rest of this article»

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Not Your Father’s Labor Movement

By Mark Naccarato | June 18, 2009 |

Another kind of change is happening in America since the Obama Administration took office – a change in how corporations and their shareholders conduct business.

On April 29, during one of the most contentious annual shareholder meetings in Bank of America’s history, shareholders called for new leadership and greater accountability as 50.3 percent voted in favor of a resolution forcing Chairman Ken Lewis to resign as Chairman of the Board.  “Today, we saw a vote of no confidence in Ken Lewis who has overseen record losses in stock value and whose short-sighted business plans have put personal gain ahead of shareholders and the long-term health of the company,” said SEIU Master Trust Chairman Andy Stern. «Read the rest of this article»

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Bank Of America’s Version of “Economic Recovery”

By Mark Naccarato | April 30, 2009 |

Bob Corker

Many of us who have been paying attention to the economic crisis were somewhat amused when Senator Bob Corker proceeded to take the Big Three automakers to task as they appealed to Congress for a bailout late last year. Where was Bob Corker (or any Republican senators, for that matter) when the financial and banking industry came to Washington with its hand out? Was Corker as tough on them as he was on GM?

This is a rhetorical question, of course. Nobody with a passing familiarity with Bob Corker’s career in public office would ever accuse him of trying to tell business what to do (except, of course when it comes to companies who have unions).

Still, perhaps Senator Corker can teach us all a lesson in corporate responsibility. Let’s examine how another one of America’s corporate titans stands up to scrutiny after it extended its hand to receive a welfare check from Uncle Sam. Let’s take a look at Bank of America.

Bank of America Logo. (Used without permission)

Despite taking $25 billion in taxpayer dollars, Bank of America has not used their bailout funds to increase lending and revitalize the U.S. economy. «Read the rest of this article»

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Dow dips below 8,000 as economic concerns skyrocket

By Christine Anne Piesyk | November 19, 2008 |

Shopping for a bail-out.

As the holiday shopping and travel season approaches, worries over the economy are having a sobering impact on the retail season that is usually the most profitable time of the year for merchants.

To make matters worse, the Dow Jones Industrial Average fell below the 8,000 mark, closing at 7,997, a five-year low that is in part a reflection of the newest monetary crisis: the big 3 automakers who are shopping for a multi-million dollar bailout that could avert bankruptcy that could further compound economic woes. Standard and Poor’s slid another 6%,a five-year low. «Read the rest of this article»

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