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business briefs




• Knoxville-based ImagePoint recently hired Gary Patterson of Farragut as a senior team manager in the Automotive Strategic Business Unit. Patterson will be responsible for the Chrysler account as well as maintenance and architectural programs for other automotive customers.

• Wayne Hope, president/CEO of K-25 Federal Credit Union, was recently elected to the Board of WesCorp. Established in 1969 and headquartered in San Dimas, Calif., WesCorp is Western Corporate Federal Credit Union — America’s largest corporate credit union.

• The board of directors of BB&T Corporation recently declared the 2007 third quarter dividend of $0.46 per share, a 9.5 percent increase over the $0.42 paid in the third quarter of 2006. The dividend will be paid Aug. 1 to shareholders of record as of July 13. The five-year compound growth rate for BB&T’s quarterly dividend payment is 9.7 percent.

• The Tennessee Credit Union League recently announced the election of John McKittrick, president of ORNL Federal Credit Union, as chairman of the league. McKittrick has served on the board of the Tennessee Credit Union League since 2003 and served as vice chairman in 2006.

• Kimberly K. McFall, Caroline Strader and Vickie Harvey recently joined the Knoxville branch of Mountain Commerce Bank, 249 N. Peters Road. McFall, vice president and branch manager of the Knoxville location, was employed by SunTrust for eight years. Strader, treasury management specialist at the Knoxville location, has 28 years of experience. Harvey brings 20 years in financial expertise as branch service specialist from First Century Bank.

• Tennessee's seasonally adjusted unemployment rate for May, 2007, was released recently at 4.7 percent, 0.3 percentage point higher than the April rate of 4.4 percent. The United States rate was 4.5 percent for May, unchanged from April. County non-seasonally adjusted unemployment rates for May 2007 show that 50 counties increased, 25 counties decreased, and 20 remained unchanged. Knox County registered the state's lowest county unemployment rate at 3.1 percent.

up from 3.0 percent in April. Knoxville had the state's lowest major metropolitan statistical area rate at 3.3 percent, which increased from 3.2 percent in April. The Nashville-Murfreesboro MSA was 3.6 percent, up from 3.4 in April; the Chattanooga MSA was 3.7 percent, up from 3.6 percent; and the Memphis MSA was 4.7 percent, up from 4.6 percent.

 

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