Oak Ridge Today

CapitalMark Bank now Pinnacle Financial

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Pinnacle-CapitalMark-Sign-Unveiling-March-14-2016

CapitalMark Bank and Trust changed its name and identity to Pinnacle Financial Partners on Monday, March 14, 2016, in a sign unveiling event at its Oak Ridge office in Jackson Square. (Submitted photo)

 

CapitalMark Bank and Trust changed its name and identity to Pinnacle Financial Partners on Monday in a sign unveiling event at its Oak Ridge office in Jackson Square.

CapitalMark was merged with Pinnacle on July 31, 2015, giving the firm a presence in three additional East Tennessee counties. CapitalMark had continued to operate under its brand until the systems and operations of the companies were totally integrated with Pinnacle.

Clients from both firms will enjoy more benefits as a result of the integration, including the convenience of accessing 43 offices in Tennessee’s four urban markets—Nashville, Knoxville, Memphis, and Chattanooga, a press release said.

For the past month, Pinnacle has communicated extensively with clients to explain the changes they will see in procedures, materials, and the website, www.pnfp.com, the release said. [Read more…]

Main Street project won’t close Tuesday; closing could be in January

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Neil Wilson of RealtyLink at Rise and Shine on Nov. 3, 2015

Neil Wilson, left, principal of RealtyLink, gives an update on the redevelopment of the former Oak Ridge Mall at an Oak Ridge Chamber of Commerce Rise and Shine at TNBank on Tuesday, Nov. 3, 2015. (Photo by John Huotari/Oak Ridge Today)

 

Note: This story was last updated at 9:30 a.m. Dec. 15.

The new company leading the redevelopment of the former Oak Ridge Mall won’t close on the property on Tuesday, and the closing could be pushed into January, officials said this month.

But it’s nothing to be concerned about, one official said Monday, adding that there are many pre-closing activities to accomplish in a short period of time, some in series.

“There have been no holdups, just a lot to do,” said Ray Evans, retail consultant for the City of Oak Ridge. “As an example, a subdivision plat has to be approved by the Planning Commission prior to closing. In order for the plat to be prepared, the property had to be re-surveyed. The new survey stakes are very apparent around the property. The plat was submitted yesterday (Monday). It will likely go before the Planning Commission at its meeting on January 7.”

Evans said RealtyLink has had geotechnical staff on site doing core borings during the past few weeks.

“In addition, they have been working on completing the environmental work,” he said.

Officials said RealtyLink and its contractor remain committed to having stores open for seven of the new tenants for the 2016 Christmas season. [Read more…]

Legal Aid Society Community Award honors Anderson County Juvenile Court

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Oak Ridge Community Award and Anderson County Juvenile Court

Picture above from left to right are April Seiber (ACJC Lead Youth Services Officer), Sandy Slater (ACJC Youth Services Officer), Betsy Hunt (Judge Hunt’s wife), Judge Brian J. Hunt, Angie Perez (ACJC Judicial Assistant), Denise Casteel (ACJC Youth Services Officer), and Elizabeth Risner (ACJC Youth Services Officer). Not shown: Andrew Williams (ACJC Youth Services Officer) (Submitted photo)

 

Legal Aid Society of Middle Tennessee and the Cumberlands’ Oak Ridge office honored Anderson County Juvenile Court Judge Brian J. Hunt and the staff of the Anderson County Juvenile Court with its inaugural Community Award at a reception on Tuesday, October 6, at CapitalMark Bank and Trust in Oak Ridge.

Legal Aid Society’s Community Award honors individuals and/or organizations in the community for their leadership and compassion in supporting the nonprofit law firm’s mission, a press release said.

More than 60 people, including Representative Kent Calfee, Anderson County District Attorney General Dave Clark, former Mayor David Bradshaw (who hosted the event as President of CapitalMark Bank and Trust in Oak Ridge), United Way of Anderson County Executive Director Naomi Asher, and Oak Ridge City Manager Mark Watson celebrated Judge Hunt and the Anderson County Juvenile Court, or ACJC, for partnering with Legal Aid Society to advance access to justice among our region’s youth. [Read more…]

Pinnacle Financial Partners to acquire CapitalMark Bank and Trust

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CapitalMark Bank and Trust Oct. 9, 2012

The front of CapitalMark Bank and Trust in Oak Ridge is pictured above on Oct. 9, 2012. (File photo)

 

David Bradshaw will continue to serve as Oak Ridge president

Pinnacle Financial Partners Inc., the second-largest bank based in Tennessee, on Tuesday announced an agreement to acquire CapitalMark Bank and Trust, which has a location in Oak Ridge. The merger is expected to close late in the third quarter or early in the fourth quarter of 2015.

David Bradshaw, CapitalMark’s Oak Ridge president, will become Pinnacle’s city president for Oak Ridge. CapitalMark clients will continue to work with their banker teams, which in Oak Ridge includes Bradshaw and Andy Boyer.

“CapitalMark is excited to partner with an organization that shares our commitment to excellent client service and has demonstrated strong operating performance and a long-term track record of growth,” said R. Craig Holley, CapitalMark’s chairman, president, and chief executive officer. “I strongly believe that, collectively, the two franchises can accomplish more, grow more efficiently, and realize more value for our shareholders together than independently. Since CapitalMark’s founding in 2007, we have focused on businesses and their owners, and we will continue that tradition with Pinnacle.” [Read more…]

New film on former ORNL Director Weinberg has premiere on April 23

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Alvin Weinberg Poster

The world premiere of a new film on the life of former Oak Ridge National Laboratory Director Alvin Weinberg will be held on Thursday, April 23, at the American Museum of Science and Energy in Oak Ridge. The film was written and directed by award-winning documentary filmmaker and Oak Ridge resident Keith McDaniel.

Although McDaniel has written and directed more than a dozen documentary films, he is generally best known for his films “Secret City: The Oak Ridge Story” and “The Clinton 12.”

According to McDaniel, the biographical documentary entitled “Alvin Weinberg” explores the life of the internationally renowned nuclear scientist.

“I didn’t know Dr. Weinberg very well although I did interview him a couple of years prior to his death,” McDaniel said. “His was a fascinating life. In making this film, I wanted to not only tell stories of his professional achievements but I also wanted to show what Dr. Weinberg was like as a person.” [Read more…]

Bradshaw, Whitson to be honored at Oak Ridge Chamber Luncheon on Thursday

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David Bradshaw

David Bradshaw

Stephen Whitson

Stephen Whitson

The Oak Ridge Chamber of Commerce will honor two area businessmen—David Bradshaw and Stephen Whitson—at its annual program of work kickoff luncheon to be held on Thursday, March 19, at the Riverside Grille.

Bradshaw and Whitson will receive the Chamber’s most prestigious awards at the event, the One Voice—One Vision Luncheon, a press release said.

Bradshaw, president of the Oak Ridge branch of CapitalMark Bank and Trust, will receive the Eugene L. Joyce Lifetime Achievement Award. The award is given to a nominee who has truly distinguished himself or herself and embodies the essential values of volunteerism, community service, and dedication to the economic vitality of our community. It is the Oak Ridge Chamber of Commerce’s preeminent award given to honor the memory of the late Eugene L. Joyce. [Read more…]

Oak Ridge mall to have new name, banks considering financing

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Oak Ridge Village Area Rendering

 

Tim Sittema

Tim Sittema

The redeveloped Oak Ridge mall will have a new name, and local banks and credit unions are considering helping with project financing, executives said Tuesday.

The redeveloped mixed-use property will be known as Main Street—Oak Ridge, said Crosland Southeast, the North Carolina development firm that has been working with the city of Oak Ridge to redevelop the site, including through significant demolition and new construction. The name was chosen after long consideration of a new brand identity for the development, including involvement by Oak Ridge High School students.

“Most everyone we talked to in Oak Ridge was positive about creating a downtown destination for the community—something that says this place is the heart of the city,” said Crosland Southeast partner Tim Sittema. “The site already has Main Street running through it; so Main Street—Oak Ridge is the obvious choice.”

David Bradshaw

David Bradshaw

Construction is expected to begin in early 2015, with an opening anticipated in the third quarter of 2016, based upon completion of the financial arrangements.

In a press release, Crosland Southeast said a consortium of local financial institutions, led by CapitalMark Bank and Trust of Oak Ridge, is considering substantial involvement in the financing of the redevelopment “due to the transformative nature of this project in the city core.”

“In addition to our bank, ORNL Federal Credit Union and others have held discussions together about providing lending support to the mall project,” said David Bradshaw, executive vice president of CapitalMark. “Although details have not been finalized and commitments have not yet been made, there is very strong interest among our local banks and credit unions to be engaged in this important long-term investment in the Oak Ridge community.” [Read more…]

Mortgage originator Yvonne Cummings moves to CapitalMark

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CapitalMark Bank and Trust has added Yvonne Cummings as a mortgage loan originator in the Knoxville and Oak Ridge markets, a press release said.

Cummings is a 16-year veteran mortgage loan officer and consultant who most recently worked with a regional financial institution. She has earned corporate recognition from previous employers as a top producer and customer loyalty expert, the press release said.

Cummings received a bachelor’s degree in business administration and a minor in economics from Methodist University in Fayetteville, Tenn. She received a master’s in computer science and management of information systems from Webster University. [Read more…]

Happy 71st birthday, Oak Ridge!

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Oak Ridge Birthday Sign

A sign at the Midtown Community Center on Robertsville Road celebrates the 71st birthday of Oak Ridge on Thursday (Submitted photo)

By Martin and Anne McBride

On Sept. 19, 1942, only two days after being appointed the head of the Manhattan Project in September 1942, Gen. Leslie R. Groves selected Oak Ridge as the first major site of the Manhattan Project, a top-secret federal program to build the world’s first atomic bombs during World War II.

Ultimately, $1.1 billion was spent on the huge, first-of-a-kind Oak Ridge nuclear plants and the fledgling “Secret City” of Oak Ridge. This expenditure represented 72 percent of the money spent on the three principal Manhattan Project sites: Oak Ridge; Hanford, Wash.; and Los Alamos, N.M.

The Oak Ridge tract was approximately 17 miles long by an average of seven miles wide. The Corps of Engineers paid $2.6 million dollars for the land and initially named the site the “Kingston Demolition Range.” Local opposition to having a demolition range in the area caused the name to be changed to “Clinton Engineer Works.” [Read more…]

Historic preservation awards to be presented to bank, school Thursday

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CapitalMark Bank and Trust

CapitalMark Bank and Trust Oak Ridge President David Bradshaw is pictured at the original Hamilton National Bank vault. (Submitted photo)

A nonprofit organization will present this year’s historic preservation awards on Thursday, Oak Ridge’s birthday.

Two awards will be presented this year, one to CapitalMark Bank and Trust in Jackson Square and the other to the Oak Ridge School Administration Building, formerly the Pine Valley School.

The awards will be presented by the Oak Ridge Heritage and Preservation Association in back-to-back ceremonies Thursday afternoon. The first ceremony at Pine Valley School starts at 3 p.m., and the second at CapitalMark Bank and Trust at 3:45 p.m. [Read more…]

New Jackson Square bank has grand opening Friday

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A new bank in Jackson Square will have a grand opening and open house on Friday.

The celebration at CapitalMark Bank and Trust will include an 11:30 a.m. ribbon-cutting ceremony. The public is invited to visit any time during the day, and Oak Ridge Mayor Tom Beehan and CapitalMark staff will attend the ribbon-cutting, a press release said.

For more information on CapitalMark Bank and Trust, visit www.capitalmark.com.