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business briefs




• Bryan Hankla, staff financial planner with Knoxville-based Resource Advisory Services, has earned the NAPFA-Registered Financial Advisor credential from the National Association of Personal Financial Advisors. The NAPFA-Registered Financial Advisor credential signifies that Hankla’s work has passed a peer review, and he also has committed to the NAPFA Fiduciary Oath.

• The Knoxville branch of Mountain Commerce Bank recently hired Chuck Tinker as assistant vice president and Vicki Weaver as director of human resources. Tinker comes to MCB from SunTrust Bank where he worked as a portfolio specialist in corporate and commercial banking. He holds a bachelor’s degree in finance from The University of Tennessee. He will be responsible for underwriting private and commercial loans. Weaver brings more than seven-and-a-half years of experience in the financial services industry. She has bachelor degrees in psychology and Latin from The University of Tennessee and holds a master’s degree from Vanderbilt University. Weaver is certified as a senior professional of human resources.

• Medallist Developments, award-winning global developer of superior residential golf communities, including Tennessee National in Loudon County, announced two senior management appointments. Assuming the position of Chief Operations Officer for Medallist Developments is Michael (Mick) V. O’Brien. Nelson McDonald joins Medallist Developments as national director of marketing and sales.

• The Internal Revenue Service announced that it began mailing educational letters this month to more than 650,000 small tax-exempt organizations that may be required to submit a new annual notice, Form 990-N, “Electronic Notice (e-Postcard) for Tax-Exempt Organizations Not Required to File Form 990 or 990-EZ.” IRS officials expect to mail the letters to 15,869 exempt organizations in Tennessee over a period of several months, finishing in December. It is estimated that more than half of them will be required to file the new Form 990-N. With the enactment of the Pension Protection Act of 2006, the majority of small tax-exempt organizations are now required to submit the e-Postcard. Previously, tax-exempt organizations with gross receipts of $25,000 or less were not required to submit information returns. The first e-Postcards are due in calendar year 2008. The IRS intends to have an option available for free electronic submission of the e-Postcard.

• Lost Sheep Ministry received a $2,500 contribution from the Food Lion Charitable Foundation. Every Wednesday night under the bridge past the former Fifth Avenue Motel, Lost Sheep Ministry gives a hot meal and clothes 400-500 people in need who do not go to the missions or other facilities. Lost Sheep Ministry has been serving the needy and homeless on the streets since 1990.

• The town of Farragut invites commercial and residential developers as well as members of the community, to attend a public information meeting concerning the proposed Impact Fee Ordinance 7 p.m., Wednesday, Aug. 1, in the Community Room of the Farragut Town Hall. The Impact Fee Ordinance would impose a formula-based fee, on proposed commercial or residential development in the Town, for infrastructure costs related to that development. Public input is encouraged on this proposed

ordinance.

• Knoxville engineers Steve Bostic, vice president of Lamar Dunn & Associates, Inc., and Harold Cannon, president of Cannon & Cannon, Inc., were recently elected and installed as officers of the American Council of Engineering Companies of Tennessee.

 

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