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Wed, Apr 23, 2014

HUDGINS: Discount store coming to East Main Street

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Dollar General is one step closer to building a new store near Camino Real off East Main Street.

Murfreesboro’s Planning Commission approved a site plan recently for a 9,100-square-foot Dollar General to be located at 115 Lasseter Drive.

However, that approval was subject to the Board of Zoning Appeals granting a variance for a setback encroachment along Lasseter Drive, according to Murfreesboro Planning Director Joseph Aydelott. The board met last week, and while the Dollar General Store was on the agenda, it was deferred due to a lack of a qualified quorum to act on the matter.

Aydelott said the BZA will have a special meeting this week to consider Dollar General and another matter that was also deferred.

Chick-fil-A to celebrate cows

If you’re planning to ‘steer’ clear of black cats and sidewalk cracks on Friday the 13th, why not change your luck by dressing as a cow instead?

On Friday, July 13, Chick-fil-A restaurants nationwide will celebrate its annual Cow Appreciation Day event by offering a free meal to any customer who visits one of the chain’s mall or stand-alone restaurants fully dressed as a cow.

Customers dressed “head to hoof” in cow attire will be rewarded with a free Chick-fil-A Meal (breakfast, lunch or dinner), which includes an entrée of choice, a side item and a Diet Dr Pepper (or other beverage choice).  For those “too chicken” to wear full cow costumes, Chick-fil-A will award a complimentary entrée to customers partially dressed in cow attire, such as a cow-spotted scarf, purse, hat or other accessory.

Chick-fil-A also has a special website dedicated to the occasion, CowAppreciationDay.com.

Pinnacle looks to reorganize

Pinnacle National Bank, a subsidiary of Pinnacle Financial Partners Inc., has filed an application to convert from a national bank to a Tennessee state bank.

As a national bank, Pinnacle’s primary regulator is the Office of the Comptroller of the Currency in Washington, D.C., according to a press release.

As a Tennessee state bank, Pinnacle’s regulators would be the Tennessee Department of Financial Institutions in Nashville and the Federal Deposit Insurance Corp.

“My entire 35-year banking career has been spent in the national banking system, and I have always enjoyed a great relationship with the OCC,” said M. Terry Turner, president and chief executive officer of Pinnacle. “However, in this environment of fast-paced regulatory changes and all the uncertainty that surrounds it, I believe there is great value in close contact with regulatory decision makers who can meet face-to-face and who understand the nuances of our markets, in Nashville and Knoxville, Tenn.”

The transition will not affect clients in any way, and they will continue to receive the same protection on deposits through the FDIC, according to the press release.

While the proposed conversion requires regulatory approval, Pinnacle expects the new charter to become effective in the third quarter of 2012.

The bank’s legal name will change at that time from Pinnacle National Bank to Pinnacle Bank.

The move primarily is intended to simplify communications with regulatory authorities.

“Tennessee’s banking commissioner Greg Gonzales has done an outstanding job of piloting Tennessee’s banks through the challenging economic environment we have faced since 2008,” Turner said. “He has demonstrated the department’s commitment not only to the soundness of the state’s banking system, but also to the health of its economy.”

Want a minute with Melinda? E-mail her at mhudgins@murfreesboropost.com.
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Banking, Business, Dollar General, Finance, Murfreesboro, Pinnacle Bank, Retail
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