| Metropolitan BancGroup lease includes naming rights at Legacy Center
Metropolitan BancGroup, Inc., will open its Memphis headquarters in Legacy Center in a deal that includes exclusive naming rights to the building. Metropolitan signed a 10-year lease to take about 8,000 square feet on Legacy Center's ground floor for a retail branch, office and conference space for the bank's Memphis staff, says Phillip May, Metropolitan's executive vice president. About 2,000 square feet will be used for retail and private banking, with the remainder set aside for bank executives and support staff, May says. The retail branch is relatively small since the focus of Metropolitan will be largely on private banking and commercial lending, May says, with some mortgage origination services and, down the road, trust services. .
RecruitMilitary Career Fair for Military Veterans and Military Spouses Coming to Charlotte Area on November 29
The military-to-civilian recruiting firm RecruitMilitary will present a free hiring event for job seekers who have military backgrounds on Thursday, November 29, in the Speedway Club at Lowe's Motor Speedway in Concord, North Carolina (Greater Charlotte). This event, the RecruitMilitary Career Fair, will be open to veterans who already have civilian work experience, men and women who are transitioning from active duty to civilian life, members of the National Guard and reserves, and military spouses. More than 30 veteran-friendly organizations will conduct one-on-one interviews with the job seekers--organizations that will include corporate employers, law-enforcement agencies and other government employers, educational institutions, veterans service agencies, and veterans associations. The career fair hours will be 11 a.m.
MUTUAL UNDERSTANDING: Is Your Money-market Fund Safe?
SAN FRANCISCO (Dow Jones) -- Is your money-market fund safe? Millions of U.S. investors with cash in these mainstream vehicles are asking that question as some leading banks, investment managers and mutual-fund companies take steps to shield money funds from potential losses on troubled debt in their portfolios. Money funds will dodge this bullet with reputations for safety and stability intact, experts predict, and while investors would do well now to review their funds' holdings, they can be confident that these won't become money-losing funds. "There's no such thing as a dangerous money fund," said Peter Crane, president of CraneData.com, which tracks the money-fund industry. "These types of problems have occurred in money funds before, and every time the funds adjust and adapt." Still, the worsening credit crunch is hitting money funds harder than at any time since the early 1990s.
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Jerusalem (CNSNews.com) - The Israeli government voted to release some 441 Palestinian security prisoners, mostly from Palestinian Authority Chairman Mahmoud Abbas' Fatah faction, as a goodwill gesture before an anticipated meeting in Annapolis. Israeli Prime Minister Ehud Olmert also pledged to stop building new settlements in the West Bank.Olmert met with Abbas in Jerusalem on Monday. They discussed "various aspects" of the joint statement they plan to make at the U.S.-sponsored conference in Annapolis, Maryland, Olmert's spokeswoman Miri Eisin said in a statement.The conference is expected to take place next week although a firm date has not been announced.Earlier press reports suggested there would be no joint statement and that the two sides might make separate statements. However, Eisen said that negotiating teams from the two sides would meet again later to discuss a statement.
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