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VOL. 120 | NO. 113 | Wednesday, May 31, 2006

Daily Digest

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Former Target Store Sells for $1.6 Million

J.V. Holding Co. Inc. has purchased a former Target store at 3700 Hickory Hill Road from Target Corp. for $1.6 million. The 101,352-square-foot, one-story building was constructed in 1981 and sits on 9.29 acres on the east side of Hickory Hill Road north of Connector Road. A restriction in the sale deed states that J.V. Holding for 10 years will not use the property as a discount department store with more than 30,000 square feet.

Patriot Bank Opens Fourth Facility

Patriot Bank has announced the opening of its fourth location at 9105 Barret Road in Barretville, Tenn. The acquisition of the Barretville bank building and a free-standing drive-through ATM at 2015 Rosemark Road in Atoka were part of an agreement Patriot Bank finalized with Trustmark National Bank late this month. Patriot's Chairman and CEO Charles Ennis declined to disclose the price of the deal.
The Barretville bank was opened by Peoples Bank in 1997. The 7,200-square-foot building now houses a full-service Patriot Bank operation, as well as some of the bank's administrative offices.
Millington-based Patriot Bank was founded in October 2001. It has locations in Millington, Covington and Collierville.

Bar Association Launches Online Opinion Poll to Rate Candidates

The Memphis Bar Association is conducting its Judicial Qualification Poll online this year, with attorneys being asked to rate local judicial candidates.
The MBA will send e-mails to attorneys, which will direct them to a secure Web site for polling. Attorneys will be asked to rate each candidate as "highly qualified," "qualified," "not qualified" or "no opinion."
Letters will be sent to MBA members next week, asking them to confirm or provide their e-mail addresses. Those who wish to participate in the poll also can update their e-mail addresses and other information at www.memphisbar.org.

Methodist North Receives Chest Pain Center Status

Methodist North Hospital's Chest Pain Center recently received full accreditation from the national Society of Chest Pain Centers, a nonprofit group in Columbus, Ohio, focused on improving cardiac care.
The award is significant because Methodist North is the first hospital in the Methodist Healthcare system to gain such accreditation for its Chest Pain Center, according to a company statement. Methodist Healthcare - which serves Eastern Arkansas, West Tennessee and North Mississippi - operates seven hospitals, several rural health clinics and a home health agency.
In addition, Methodist North also has recently added new technology and protocols to help its cardiac patients, including HeartSTAT, an area in the emergency room where a designated set of procedures is used to care for cardiac patients.

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BUILDING PERMITS 194 315 32,829
BANKRUPTCIES 57 116 10,129

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