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VOL. 131 | NO. 212 | Monday, October 24, 2016

Daily Digest

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Urban Child Institute Chair Jill Crocker Staying Through 2018

In a meeting of its board of directors, The Urban Child Institute has voted to retain Jill Crocker as chair through 2018.

Crocker assumed the chairmanship in 2016.

“I told them I would do whatever they wanted me to do,” Crocker told The Daily News, adding that she was ready and willing to turn the role over to someone else. “I was very surprised. But I’m happy to do it and thrilled to get to work with the board and (incoming executive director) Gary Shorb longer.”

Crocker said members of the board will be meeting with other nonprofit agencies in November in an attempt to improve community-wide planning.

“We want to make sure we’re not overlapping,” she said.

– Don Wade

Tigers’ Dedric Lawson On Karl Malone Watch List

University of Memphis sophomore forward Dedric Lawson has been tabbed as one of 20 candidates named to the watch list for the 2017 Karl Malone Power Forward of the Year Award.

Lawson was named the 2015-16 American Athletic Conference Rookie of the Year after averaging 15.8 points per game and leading the conference with a 9.3 rebound per game average. He was named to the Kyle Macy Freshman All-America Team, and Second Team All-District by the National Association of Basketball Coaches (NABC).

Named after Hall of Famer and two-time NBA Most Valuable Player Karl Malone, the annual honor in its third year recognizes the top power forwards in Division I men’s college basketball. A national committee comprised of top college basketball personnel determines the watch list of 20 candidates.

His 17 double-doubles last season tied a Memphis freshman record that he now shares with Keith Lee, and was 19th best in all of NCAA Division I. His 307 rebounds last season are the third-most by a freshman in program history, and his 9.3 rebound per game average ranks fourth in school history for a freshman.

Lawson was the only freshman in the country last season with at least 500 points, 300 rebounds, 60 assists, 50 blocked shots, and 20 three-pointers made.

By mid-February, the watch list of 20 players for the 2017 Karl Malone Power Forward of the Year Award will be narrowed to just 10. In March, five finalists will be presented to Mr. Malone and the Hall of Fame’s selection committee. The winner of the 2017 Karl Malone Award will be presented at the ESPN College Basketball Awards Show presented by Wendy’s in Los Angeles, Calif., on Friday, April 7, 2017.

For more information on the 2017 Karl Malone Award, log on to www.HoophallAwards.com.

– Don Wade

State Unemployment Rate Ticks Higher in September

Tennessee’s preliminary unemployment rate for September was 4.6 percent, up from 4.4 percent the previous month, the Tennessee Department of Labor & Workforce Development reports.

The U.S. preliminary rate for September was 5.0 percent, up one-tenth of a percentage point from the previous month.

While higher, the state’s unemployment rate is still down from 5.6 percent at the beginning of 2016.

Total seasonally adjusted nonfarm employment increased 14,800 jobs from August to September, the department said. The largest increases occurred in government, professional/business services and health care/social assistance.

Over the year, nonfarm employment has increased by 71,300 jobs. The largest increases occurred in healthcare/social assistance, professional/business services and trade/transportation/utilities.

– Daily News staff

BancorpSouth Reports Third Quarter Earnings

BancorpSouth earned $37.8 million in net income for the third quarter, up from $34.3 million during the third quarter of 2015, the bank has reported.

Among other highlights for the quarter, the bank generated deposit growth of $225.7 million and net loan growth of $82.8 million. It had no recorded provision for credit losses for the quarter, and it repurchased 551,519 shares of its common stock.

In a statement about the results, BancorpSouth chairman and CEO Dan Rollins said the bank continues to have some wind at its back: “Our core financial results continue to improve quarter after quarter.”

– Andy Meek

Monogram Foods Foundation To Award $250,000 This Year

The Monogram Loves Kids Foundation will award $250,000 this year to charities focused on children and families in regions of the country where Monogram Foods operates. A total of $75,000 will go to Memphis-based charities.

Each year the foundation invites charities to apply for funding by filling out a grant application. A committee of team members at the Memphis Support Center decided on this year’s official grant winners, which are:

Neighborhood Christian Centers Inc.

• Memphis Oral School for the Deaf

• Exceptional Foundation of West Tennessee

Agape Child & Family Services Inc.

• Books from Birth Inc.

• Memphis Child Advocacy Center

Monogram also chose to support A Step Ahead Foundation, Best Buddies and Porter-Leath.

Ten Mid-South charities received $1,500 for the second consecutive year through IMPACT10, Monogram’s giving campaign to celebrate a decade in business. Nominated by community members, each of the IMPACT10 charities listed below will receive $1,500 a year until 2025.

• Boys and Girls Club of Crittenden County

• Ave Maria Home

• New Day Children’s Theatre

• HER Faith Ministries

• Harwood Center

Hope House

• American Red Cross of Mid-South

• Playhouse on the Square

• The Exchange Club Family Center

• Streetdog Foundation

Monogram also will award $10,000 in scholarships this year to 10 Mid-South students who participate in the company’s second annual Penny Hardaway Essay Contest.

“One of Monogram’s core values is giving back to the communities in which we live and work,” said Karl Schledwitz, chairman and CEO of Monogram Foods. “Through Monogram Loves Kids, we are investing in our future by supporting children and the families who nurture them.”

The foundation was created in 2010 and has given more than $800,000 to various charities. Funds are raised each year at the foundation’s annual fundraising gala, Meat Me in Memphis. This year’s gala will be held Oct. 27 at The Columns. Go to www.monogramfoods.com and click on Values.

– Daily News staff

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