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VOL. 119 | NO. 144 | Friday, August 12, 2005

Daily Digest

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Gyrus Finances Bartlett Property

Gyrus ENT LLC has financed property at 2925 Appling Road in Bartlett Corporate Park for $2.2 million through The Governor and Co. of the Bank of Scotland. The financing includes a 105,080-square-foot, two-story warehouse on 10.54 acres plus 5.81 acres of vacant land. Gyrus purchased the 5.81 acres in December for $800,000.

BancorpSouth to Acquire American State Bank Corp.

Tupelo, Miss.-based BancorpSouth Inc. and American State Bank Corp. of Jonesboro, Ark., have agreed to merge, a move that would expand BancorpSouth's presence into four northeast Arkansas counties and add eleven branches. BancorpSouth, which currently has 48 banking locations in Arkansas, operates about 250 banking and mortgage locations and about 235 automated teller machines in Arkansas, Alabama, Louisiana, Mississippi, Tennessee and Texas.

Diomed to Distribute Luminetx's VeinViewer

Diomed Holdings Inc. has acquired exclusive distribution rights to the VeinViewer Imaging System for the sclerotherapy, phlebectomy and varicose vein treatment markets in the United States and United Kingdom. The patented biomedical imaging system was developed by Memphis-based Luminetx Inc. The agreement includes a $1 million phased investment in Luminetx.

Pilots File Complaint Against Northwest

Union pilots filed a grievance with Northwest Airlines officials after the carrier used a charter company Wednesday for two scheduled Northwest flights, the Associated Press reported. A union spokesman said the flights were "a clear violation" of Northwest's pilot contract. Northwest has said it could use planes and pilots from Champion Air as part of a contingency plan if its mechanics strike.
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 133 1,342
MORTGAGES 0 131 1,047
FORECLOSURE NOTICES 20 39 190
BUILDING PERMITS 0 305 3,056
BANKRUPTCIES 17 135 753
BUSINESS LICENSES 0 53 329
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0