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Citizens City & County Bank in Trenton Being Purchased
by Farmers & Merchants Bank |
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Citizens City & County Bank purchased
by Farmers & Merchants Bank.
By Linda Bolton
linda@mckenziebanner.com |
Two Carroll County-Based
Banks Expanding to New Locations
Officials of Farmers & Merchants Bank, headquartered in
Trezevant, announce the bank has executed an agreement
to purchase Trenton-based Citizens City & County Bank in
Gibson County. The merger is expected to be completed
before June 30.
Carroll Bank & Trust, headquartered in Huntingdon, also
has plans underway to expand to Camden with a branch
bank.
The agreement to purchase the Trenton bank has been
approved by Farmers & Merchants Bank board, and approval
is pending from shareholders, the state, and Federal
Deposit Insurance Corporation (FDIC). Approval is
expected to be forthcoming in approximately 60 days,
said Farmers & Merchants Bank President Barry Cary.
"We are excited to increase our market share in the
Gibson County area," said Cary.
Michael Cary, president of Carroll Bank and Trust said
Carroll Bank & Trust has purchased the former Burger
King lot, located at the intersection of Highways 70 and
641 in Camden.
Plans call for a modular building to be placed off site
on leased land, with Carroll Bank & Trust opening for
business there within 60 days. A new bank building will
be constructed at the Burger King site within a
timeframe of 18 months.
"It will be a nice facility," said Michael, who noted
the project will be in excess of $1 million.
The expansion has been approved by Carroll Bank & Trust
Board of Directors, the state, and F.D.I.C.
John Dillen, who has more than 10 years background in
the banking business, will serve as branch manager for
the Camden office. He is a graduate of the Graduate
School of Banking at Louisiana State University.
Established in 1907, Carroll Bank & Trust has two sites
in Huntingdon, as well as McKenzie, McLemoresville and
soon to be Camden. A new branch facility is currently
under construction in McLemoresville.
As of April 12, 2006, total assets of Carroll Bank is
$154 million.
"We feel it's time to look at growth outside the
county," said Michael Cary, "Camden offered an
attractive opportunity for us. We're excited about being
a part of the Camden community and serving the residents
there."
Established in 1916, Farmers & Merchants Bank has
offices in Trezevant, McKenzie (Carroll County), Three
Way (Madison County), Bolivar (Hardeman County),
Rutherford and now, Trenton (both in Gibson County).
Based upon December 31, 2005 banking publication, the
combined entity should reflect total assets of roughly
$140 million when the transaction is completed.
Citizens City & County Bank will retain its current name
and staff. Barry explained The Farmers & Merchants Bank,
owned by another entity, already exists in Dyer.
Therefore, the decision was made to retain the bank's
current name.
George L. Atwood, chairman and CEO of Farmers &
Merchants Bank praised the success of CCCB within the
Gibson County market as a basis for combination. Atwood
stated the customer base of both banks is similar with
each exhibiting close ties to the agricultural segment.
It provides F&M with a desirable opportunity to advance
its presence in Gibson County and complements services
currently provided by offices in Rutherford and Three
Way.
"This partnership should benefit customers, employees,
and shareholders of both organizations and produce
increased efficiencies within the industry," stated
Atwood.
Concerning the bank merger, Citizens City & County Bank
Chairman Robert Sidney Phelan said, "We were seeking a
way to preserve the operating philosophy of the bank -
maintaining local autonomy and rendering customer impact
decisions locally but offer access to a broader menu of
products and services. The CCCB Board of Directors
looked around West Tennessee for a strong, effective
partner and Farmers & Merchants was the obvious choice."
A new Farmers & Merchants Bank headquarters facility is
currently under construction in Trezevant.
"We hope to be in the new office in Trezevant in
August," said Barry Cary.
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a d v e r t i s e m e n t

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Sign Ordinance Approved on First Reading |
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With no member of the planning commission on hand to
present the revamped "Sign Regulations" portion of
McKenzie's zoning ordinance, council members and city
staffers muddled through its provisions before the
change was approved on first reading Thursday, April 13,
in regular session of the McKenzie Board of Mayor and
Council, following a public hearing at which only
council members remarked.
"I read this again and I just kind of get bogged down,"
said council member Jill Holland, who was among members
calling for the planning commission to simplify the
proposed regulations. The council had approved the
ordinance on first reading on July 14 last year but,
after two called meetings to review its conditions,
returned the bill to the commission.
Mayor Walter Winchester called attention to a table that
identifies by sign type and zoning district what signage
is allowed. "The verbiage after that is an amplification
of that," he said, noting the planning commission had
spent several months in reworking the ordinance. He said
the ordinance was originally pursued to create a basis
for the removal of signs that were unsightly or
dangerous.
Under the regulations, which will require a second
reading before becoming official, portable signs will be
allowed by permit only in the B-2 (highway business)
district. Signs must be maintained and comply with
placement standards set by the city. Codes Officer Ray
Berryman is charged with determining which signs comply
with the regulations.
Temporary signs are defined in the ordinance as "a sign
intended to display either commercial or non-commercial
messages of a transitory or temporary nature. Portable
signs or any sign not permanently embedded in the
ground, or not permanently affixed to a building or sign
structure that is permanently embedded in the ground,
are considered temporary signs."
The council tabled the issue of hiring a CPA firm to
keep its financial books after Mark Downing of
Alexander, Thompson and Arnold, PLLC (previously Dunn
Creswell Sparks Smith Horne & Downing, PLLC) noted the
firm had enacted a policy to avoid overlapping functions
for government offices.
In past years, he said, his firm has had to make
approximately 100 journal entries to reconcile the city
accounts before beginning the audit.
"We were auditing our own numbers," he said. "We had to
give one of those up, it's just not ethical."
He agreed to speak with his partners after being advised
by city clerk Charlie Beal that the comptroller's office
approved same-firm bookkeeping and audits provided the
persons filling those roles worked at separate locations
under different supervisors.
Fewer CPA firms are performing government audits
following restrictive requirements enacted by the
Governmental Accounting Standards Board.
In other business the council agreed to contact the
office of United States Representative John Tanner for
grant assistance in purchasing additional warning sirens
following recent deadly tornadoes in the region.
Council members commended police officers for patrolling
the city with sirens blaring during the tornado warnings
while acknowledging the sound of the city's stationary
siren, located at city hall, is insufficient to alert
all residents of imminent danger.
Vice-mayor Gene Hale, said he could hear the siren from
his residence at 38 Hazel Avenue, 1.8 miles from city
hall, if the wind was blowing in the right direction.
Winchester estimated it would take three sirens with
overlapping, 1.5 mile ranges, to sufficiently cover the
city at a cost of $10,000 each.
City Park could become six to nine acres larger
following an offer by Sue Lawrence to sell adjoining
land to the city. Land acquisition was among items the
Park and Recreation Advisory Committee outlined in the
five-year plan recently submitted to and approved by the
council.
The council consented to allow the mayor and vice-mayor
to enter into negotiations with Lawrence regarding the
possible purchase.
The month of May was designated as "clean-up, fix-up
month". Winchester said Barker Brothers waste disposal
company typically announces a Saturday during which
residents may dispose of household trash free of charge.
Other items approved by the council included:
* a resolution honoring the memory of the late Ludie
Gaines, the wife of McKenzie industrialist Ben Gaines
Sr., who preceded her in death. The resolution will be
presented to the family in a later meeting to be
announced;
* a policy regarding the use of city-provided and
personal cell phone use by city employees;
* a possible contract with Melrose fireworks company for
the Freedom Festival fireworks display. The city was
contacted by Central States Fireworks in Big Sandy
retracting its offer to provide fireworks due to a full
schedule. The company had submitted its proposal by
letter dated March 24, 2006. Council members asked
Winchester to contact Melrose, who has previously
provided the display, in hopes of securing a contract
for the festival;
* the low bid of $7,692.59, made by Arnolds in McKenzie,
for carpeting the council room and office area of city
hall. The Color Shop in Martin bid $9,359.24. The bids
included specific weight carpet, installation, disposal
and labor;
* an award of $100 to JACOA (Jackson Area Council on
Alcoholism and Drug Abuse);
Police car bids were opened and referred to Hale and
Police Chief Harry Cooper for review. Results will be
presented at the April 27 council meeting. Tri-County
Motor Co. of McKenzie bid $24,198.28 each for three 2006
Ford Crown Victoria police cruisers on a three-year
lease option that the mayor said would be amount to the
purchase of one car per year over three years. Alexander
Lincoln Mercury-Ford in Murfreesboro submitted two bids,
with price depending on options selected, for a 2006
Crown Victoria. With seven options, the per-vehicle cost
was quoted at $22,179 and, with four options, $21,532.
Park and Rec liaison Jill Holland reported her recent
attendance at a national convention in Louisville. She
said the focus in Parks and Recreation is moving from
traditional sports to a wellness agenda with fitness
programs, walking trails and the like for people of all
ages.
Winchester called attention to the framed flag mosaic
which he accepted from Alpha Company soldiers Sunday
afternoon, April 9, during a ceremony honoring soldiers
and supports of the 230th Engineer Battalion who
returned home from Iraq in December after more than a
year on active duty.
"I was very honored to receive it on behalf of the
city," said Winchester.
He said handicapped parking spaces will be designated at
each access ramp when city crews have completed sidewalk
construction downtown.
Fire Department liaison Darra Adkins reported 56 calls
through March 31 and said several brush fires were under
investigation. She commended Fire Chief Brian Tucker and
Assistant Chief Roger Christian for saving the city
$1500-1800 dollars by installing a $700 clutch into the
tanker-pumper unit. She said the job would have cost
between $2,000 and $3,000 had a mechanic been hired to
perform the job.
Hale reported a total of 272 driving citations for the
year.
In a meeting of the McKenzie Board of Water
Commissioners held just prior to the city council
meeting, members discussed the lease or purchase of a
sludge belt press.
Winchester said the Water/Sewer Department has leased a
similar machine for a two-week period over the past two
years to clean out the sludge holders when wet weather
prevented sludge pouring into drying beds in sufficient
amounts to keep the system clean. More than 200 tons was
processed in the last lease period in March, he said.
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a d v e r t i s e m e n t

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Sale and Purchase Approved in Huntingdon |
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Huntingdon is looking for property suitable to house the
offices of soon-to-be Circuit Judge Donald Parish, who
is running unopposed in the August 3 elections. The city
would lease the property during the judge's eight-year
term of office.
Mayor Dale Kelley received permission from the
Huntingdon Town Council Tuesday, April 11, to negotiate
the purchase. He advised council members proposed
purchases would be brought before them for
consideration.
The proposal, suggested by Parish according to the
mayor, mirrors one currently underway at the former post
office building downtown, which accommodates the office
of the 24th Judicial District Child Support Enforcement
division, an arm of the District Attorney General.
Kelley said he had been assured accommodations for the
District Attorney General would remain in Huntingdon.
Running for that office in the August 3 elections are
Hansel McCadams (D-Paris) and John Overton (I-Savannah).
Robert "Gus" Radford is not seeking re-election.
In other business, the town hopes to sell the wood
chipper for at least $6500. The item became obsolete
when a knuckleboom truck, purchased in late 2003, came
into use in January 2004, according to Kelley, who said
the wood chipper had not been used in some time. Sealed
bids for the purchase of the wood chipper will be
sought.
Other items approved included:
* the solicitation of quotes for concrete relative to
the downtown streetscape project;
* on first reading, an ordinance to amend the zoning
ordinance to allow additional business services in the
B-2 (general business) district, following approval of
the planning commission's recommendation at last
session;
* on first reading, an ordinance to delete provisions in
the zoning ordinance allowing commercial mobile home
structures on a permanent basis and requiring site plan
approval of permanent structures prior to the issuance
of a temporary building permit; also approved in
principle at last session; and
* on second and final reading, an ordinance to amend the
FY 2005-06 budgets to provide for routine mid-year
fiscal reviews. No persons were in attendance to address
a public hearing held prior to approval.
Kelley expressed deep sorrow at the death of Huntingdon
High School standout Brandon Snyder, who he and
Vice-Mayor Tim Tucker reflected upon as an outstanding
young man as well as a gifted athlete.
"His death was a tragedy for our community," said
Kelley. "We will keep his family in our thoughts."
He also expressed condolences for the family of former
Trezevant Mayor Janice McClain, citing her many
accomplishments.
Tucker lauded Kelley's appointment to the board of the
Tennessee Sports Hall of Fame. Kelley, a Republican, was
nominated for the position by Democratic state
Representative Mark Maddox. Kelley will fill the
position vacated by Mr. Allie Prescott III. The term
ends February 28, 2007.
Kelley, humbled, said, "I am appreciative of Speaker
Naiffeh's appointment," noting the governor has eight
appointments to the position, the speaker of the House
has eight, and the Senate has eight.
"I think we're all in agreement you're a good choice,"
said council member Melissa Powell. A lifelong
sportsman, Kelley was himself inducted into the
Tennessee Sports Hall of Fame in 2003. He is also a
member of the Carroll County and Bethel College sports
halls of fame.
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Fish Fry Begins Next Week in Paris |
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PARIS - The fifty-third World's Biggest Fish Fry
activities begins next week Paris.
Monday and Tuesday activities will include dances at the
fairgrounds. A street dance will begin at 8 p.m. Monday
and a country dance will begin at 7 p.m. Tuesday.
The traditional tossing of the first hushpuppy by the
Hostess Princess is Wednesday, April 26 at 5:00 p.m. at
the FirstBank Fish Tent at the fairgrounds. $8.00 buys
all the catfish and trimmings you can eat on Wednesday
from 5:00 till 9:00 p.m. and Friday and Saturday from
11:00 a.m. till 9:00 p.m. On Thursday from 5:00 - 9:00
p.m. diners enjoy Fillet Night featuring the signature
trimmings with all-you-can-eat fillets for only $9.00.
Rides, games and funnel cakes await visitors as the
carnival opens Tuesday afternoon through Saturday
evening at the fairgrounds. The carnival will be open
Tuesday through Thursday from 5 p.m. until 11 p.m. and
Friday and Saturday beginning at 11 a.m.
For rodeo fans the fairgrounds is also the location of
the Bone & Joint Specialist Rodeo. This IRPA sanctioned
event begins at 8:00 p.m. Thursday through Saturday
night.
The Grand Parade begins at 10:00 a.m. Friday, April 28.
Get your spot early for this event, which is enjoyed by
more than 75,000 spectators. Members of the Paris-Henry
County Rescue Squad are the 2006 Grand Marshals.
On Saturday, the activities move to downtown Paris where
little ones take the spotlight during the Small Fry
Parade at 10:00 a.m. Participants in the Catfish Races
rev up their fish on the court house lawn at 10:30. At
noon, young anglers cast for the biggest fish during the
Junior Fishing Rodeo on Williams Lake.
For more information call the Fish Fry Headquarters at
731-644-1143, go to www.WorldsBiggestFishFry.com or
visit www.paris.tn.org on web and click on Calendar of
Events. |
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