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Volume 4, Number 4

Banking and Finance
General News
Featured Article
Area banks: solid home loan numbers for 2008

JOPLIN, Mo. — The new administration is faced with the monumental task of finding solutions to the current financial crisis that is affecting everything from A to Z. Without a doubt, the situation worries investors as the recession gains force and jobs disappear. These factors have been wreaking havoc with once secure, low risk business and consumer loans. Many U.S. banks burdened with mortgage debt may not be able to defend their positions despite the infusion of billions of dollars from the government.

Despite the plethora of bad news from Wall Street and Washington, many Tri-State area banks have experienced an unprecedented increase in new loan or refinance activity that has produced significant growth adding to the stability of their respective institutions.

This week's feature polls four area banks for comment on their home loan numbers for 2008 and their outlook on 2009.

People in the News

Cliff Rockhold
Cliff Rockhold has been promoted to executive vice president at Community Bank & Trust and named to serve on the bank’s board of directors.

Tom Sutton
Tom Sutton has been promoted to executive vice president at Community Bank & Trust and named to serve on the bank's board of directors.

Business Services
General News
Todays News

SEK Inc. recognizes businesses, individuals
Joplin Business Journal


Belt tightening at PSU
Joplin Business Journal
PITTSBURG, Kan. — A Jan. 21 memo from Pittsburg State University President Tom Bryant addressed to the faculty and staff outlined the difficult budgetary road ahead for the university as the state of Kansas wrestles with major budget shortfalls.

Todays News

PSU College of Business celebrates accreditation
Joplin Business Journal
PITTSBURG, Kan. — The Kelce College of Business at Pittsburg State University has maintained what Dean Richard Dearth calls the "gold standard" of accreditation for business schools, celebrated Jan. 29 with a reception in the Heritage Room of Overman Student Center.

People in the News

Roger Fent
Roger Fent, agriculture instructor at Northeastern Oklahoma A&M College, has been named Distinguished Educator of the Year by the Miami Area Chamber of Commerce.

Government and Politics
General News
Delaware County regroups
Shelia Stogsdill, Oklahoma Correspondent
JAY, Okla. — A defeated sales tax proposal that would have benefited the Delaware County jail has county and state officials regrouping and trying to come up with a plan to hold off the onset of possible hefty fines.

Health Care
Todays News

Dade County Family Medical Center/Greenfield Pharmacy
Joplin Business Journal
A look at the cooperative medical center in Greenfield that will have its sixth anniversary in June 2009. Tenants include Dade County Family Medical Center, Greenfield Pharmacy, Home Medical Equipment Store and an Outpatient Rehabilitation Clinic.

Ozark Center to receive housing grant
Joplin Business Journal
U.S. Rep Roy Blunt, R-Mo., announced Jan. 13 that Joplin would receive a $1.54 million of a $3.08 million grant from the U.S. Department of Housing and Urban Development to build apartment buildings for those with mental illnesses and disabilities. The Ozark Center in Joplin, a subsidiary of Freeman Health, will use the grant to construct 14 one-bedroom apartments for adults diagnosed with chronic mental illnesses.

People in the News

Sarah Sisseck
Sarah A. Sisseck has been promoted to the position of supervisor in the BKD, LLP Joplin office.

General News

ALERT: Business scam
Joplin Business Journal

PITTSBURG, Kan. — The Pittsburg Police Department has been made aware of a possible scam to businesses in the area.

Media and Marketing
People in the News

Brian Dorman
Brian Dorman has joined KODE-TV12 as the new evening anchor replacing Brian Hammons who accepted a position with Edward Jones in Fort Myers, Fla.

Public Companies
General News

Empire District: winter storm dangers continue as ice melts
Joplin Business Journal
JOPLIN, Mo. — Parts of the Empire District Electric Co. service territory suffered damage as the storms moved through earlier this week. In some areas, lines were encased in ice as freezing rain fell and the company warns customers that as the weather warms, large sections of ice can fall from overhead power lines and cause injury to unsuspecting persons.

Verizon: 4Q, 2008 full-year reports out
Joplin Business Journal
NEW YORK -- Verizon Communications Inc. (NYSE:VZ) reported Jan. 27 that it continued to grow sales of broadband, wireless and strategic business services in the fourth quarter 2008.

Real Estate

Solons to honor Joplin-area property development corporation
Joplin Business Journal
Wildwood Ranch Development Inc., a 2,000-acre Joplin-area residential, commercial and industrial property development, will be among 20 outstanding small businesses in Missouri honored by members of the General Assembly on Jan. 28 at a business showcase in Jefferson City.


United Country Real Estate among 100 top franchises
Robert L. Roach, Journal Senior Staff Reporter
SOUTHWEST MISSOURI -- Entrepreneur Magazine unveiled the 30th Annual Franchise 500® recently, the world's most comprehensive franchise ranking system designed to assist entrepreneurs in selecting the best franchise opportunities.

Restaurants and Food
Todays News

That Place
Austin Mayfield, Intern

Young entrepreneurs Adam Griffin, and his wife Sarah, opened his 50s style diner on the south side of the square to draw visitors and residents to downtown Greenfield. Despite the recent challenges that face small businesses, Griffin is confident about the future. "We're certainly not struggling to pay our bills. Business is good. New stores are opening up on the square, which is a great sign for all of us," he said.


New Pennington seed line sprouts well
Robert L. Roach, Journal Senior Staff Reporter

Pennington is expecting a good season for its Greenfield plant, the biggest seed mixing and packaging plant in the world. The plant general manager and Pennington's executive vice president share their insights on how 2009 looks for Smart Seed, their new product.

Small Business
Preston's Home Furnishings
GREENFIELD, Mo. — When Smithy and Janie Preston opened their new furniture and appliance business in 1965 at 102 S. Main St. they were met with a welcomed response from the community and a steady flow of customers. Their business developed a loyal following because of personalized customer service and a reputation of solid trust in the owners to treat customers fairly and respectfully.

PROFILE: Don Fleury, Creative Car Audio
Robert L. Roach, Journal Senior Staff Reporter
JOPLIN, Mo. — He entered the business world while only 14 years old. "My parents had a Radio Shack so they would sell the stereos and I would install them for their customers," said Don Fleury, president of Creative Car Audio. "Over time, a friend and I started doing custom audio. We liked doing what we did. It was a hobby that years later grew into a full-blown business."

General News

Regional transportation summit slated
Joplin Business Journal

JOPLIN, Mo. — "Projects and Funding: End of the Road or New Directions for Success" will be the topic of discussion at a Regional Transportation Summit planned for Jan. 26 from 11:15 a.m. to 2 p.m. at the Butchers Block Banquet Center, 499 W. Fountain Road in Joplin.


Con-way drivers credited for reducing accidents, set company record
Joplin Business Journal
JOPLIN, Mo. — Con-way Truckload, a full truckload carrier and subsidiary of Con-way Inc. (NYSE: CNW), announced Jan. 21 that its 3,500 drivers set a company record for safe driving in 2008, reducing its total accident frequency rate by 29 percent over the past four years to a 21-year low.

People in the News

Jon Smith; Gary and Nora Bulen
Jon Smith, Joplin, and Gary and Nora Bulen, Monkey Island, Okla., have been recognized by Con-way Truckload as the 2008 Contractor Driver of the Year, and Contractor Team of the Year respectively during the company's recent award ceremony.

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