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VOL. 126 | NO. 65 | Monday, April 4, 2011

Daily Digest

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Companies Sell Lots in Arlington Subdivision

Two related companies – West TN Land Co. GP and Chamberlain & McCreery Inc. – have sold 104 lots in Arlington’s Kensington Planned Development to BancorpSouth Bank for $1.4 million.

The sale closed March 29, with BancorpSouth buying lots 2-21, 23-26, 29-44 and 46-109 of Kensington’s final plat. The subdivision sits south of Forrest Road near the Shelby-Fayette border.

Jon McCreery signed the warranty deed as partner for both selling entities, and J. Bryant Cashion signed as senior vice president of BancorpSouth.

Source: The Daily News Online & Chandler Reports

– Daily News staff

Brown & Brown to Buy First Horizon Insurance Group

Insurer Brown & Brown Inc. said Thursday it has agreed to acquire First Horizon Insurance Group Inc. for an undisclosed amount from First Tennessee Bank. The deal is expected to close by the end of April.

First Tennessee is a subsidiary of First Horizon National Corp. The insurance company has annual revenue of about $14.8 million.

The company provides property and casualty insurance for individuals and businesses in addition to providing bond, employee benefit and risk management services.

Daytona Beach, Fla.-based Brown & Brown said it will combine its existing Nashville operation with the First Horizon operations into a new location in the city.

First Horizon’s Tennessee operations in Memphis and Chattanooga will remain. However, after the transaction closes, First Horizon Insurance Group Inc. will change its name and operate as Brown & Brown of Tennessee Inc.

Brown & Brown offers insurance and reinsurance products and related services.

– The Associated Press

Young at NCRM Monday for Wreath-Laying Ceremony

Former Atlanta Mayor and Congressman Andrew Young is in Memphis Monday for events marking the anniversary of the 1968 assassination of Dr. Martin Luther King Jr.

Young, who was part of King’s inner circle as part of the Southern Christian Leadership Conference, will be at the National Civil Rights Museum at 10 a.m. for a wreath-laying ceremony in the courtyard of the museum.

The museum is on the site of the Lorraine Motel, where King was killed April 4, 1968, on a hotel balcony while in the city to support striking city sanitation workers.

Young was among those in King’s organization who were also at the motel at the time of the assassination.

Also visiting the NCRM Monday will be Dr. Allan Boesak of South Africa, a prominent figure in that country’s anti-apartheid movement of the 1970s and 1980s. Boesak was president of the World Alliance of Reformed Church for nine years and a leader of the United Democratic Front during those same years from 1982-1991.

– Bill Dries

$1M Donation Will Fund UM's UTeach Program

A $1 million gift from an anonymous donor will be used to establish a Scholars Program for students majoring in science, technology, engineering or mathematics and who are part of the UTeach Memphis program at the University of Memphis.

A board of community members will be appointed to select students for the Scholars Program, which will offer scholarships and internships, while also creating a priority in placement for tutoring and instructional jobs on the U of M campus.

UTeach Memphis is a collaboration between the University’s College of Arts and Sciences and College of Education that will enable students majoring in math or science to earn a degree in either of those fields and be certified to teach those subjects after they graduate from the U of M.

“This gift makes these internships possible and supports our students so they can become involved in the profession and in the community, where they will make a difference right away,” said Dr. Henry Kurtz, dean of the College of Arts and Sciences, in a statement.

UTeach is a teacher preparation program created specifically to attract science, technology, engineering and math majors into careers as secondary-level teachers.

The program prepares them with an advanced field-intensive curriculum, then promotes their retention as teachers through continued support and professional development.

“The UTeach program addresses the shortage of qualified math and science teachers by introducing undergraduate math and science majors to the rewards of the teaching profession,” said Dr. Donald Wagner, dean of the College of Education, in a statement.

– Allison Buckley

Ex-Fox 13 Personality Files Overtime Lawsuit

Former WHBQ/Fox 13 sports personality Greg Gaston has filed a federal lawsuit against Fox over what the suit claims is a denial of overtime compensation.

The suit filed Wednesday in U.S. District Court for West Tennessee claims Gaston – who worked at Fox 13 from the beginning of 2009 until Jan. 16 – routinely worked more than 40 hours each week without overtime compensation.

The suit also claims he did not quality as exempt from the overtime provisions of the Fair Labor Standards Act and that he should have been paid no less than one and one-half times his regular rate of pay work performed in excess of 40 hours per week.

The suit states Gaston was instructed as to his daily assignment by sports director Matt Stark and occasionally by news director Ken Jobe or assistant news director Paul Sloan.

“The Sports Director, News Director, or Assistant News Director normally instructed (Gaston) as to the focus of the report on the particular assignment,” the suit reads.

“(Gaston’s) primary duties as a sports reporter were to simply report the outcome of the sporting event, as well as to conduct non-investigative post-game/event interviews with players and coaches.”

Fox 13 general manager John Koski was not immediately available for comment.

– Andy Meek

Home Preservation Workshop on Saturday

A home preservation event is slated for April 9 to help families avoid foreclosure.

The workshop is being presented by Shelby County Trustee David Lenoir, the Memphis alumnae chapter of Delta Sigma Theta Sorority Inc. and Southwest Tennessee Community College.

The workshop will provide families facing financial challenges the opportunity to talk directly with lender representatives and/or HUD-approved counselors.

Available activities include one-on-one discussions with mortgage servicers as well as workshops on financial literacy and job readiness in the 21st century.

The free event is open to the public and runs April 9 from 10 a.m. until 2 p.m. at Southwest Tennessee Community College’s Verties Sails Building, 737 Union Ave.

For event information, call 432-4882 or visit www.shelbycountytrustee.com.

– Sarah Baker

'Love and Valor' Coming to Memphis Film Festival

The narrative documentary “Love & Valor – The Intimate Civil War Letters,” will be shown as part of the 2011 On Location: Memphis International Film Festival April 8 at 3 p.m. and April 9 at 10 a.m. at Malco’s Ridgeway Four Theater, 5853 Ridgeway Center Parkway.

The documentary is based on the letters from the book “Love and Valor – The Intimate Civil War Letters between Captain Jacob and Emeline Ritner,” which was the featured Civil War book at the Smithsonian Museum in the month after 9/11.

The movie has received recognition at film festivals over the last year, including “Best Documentary” at the Black Earth Film Festival, as well as nominations for “Best Documentary” at the 1020 Cedar Rapids Independent Film Festival and, most recently, at the 2011 Beloit International Film Festival, where director Charles Larimer also received an “Emerging Filmmaker Award.”

“Love & Valor” also won a “Redemptive Storyteller Award” at the 2010 Christian-based Redemptive Film Festival.

Larimer will be in attendance for both Memphis showings and will participate in Q&A sessions after the screenings.

– Allison Buckley

PROPERTY SALES 83 405 4,276
MORTGAGES 104 424 4,814
BUILDING PERMITS 148 883 10,151
BANKRUPTCIES 53 264 3,149