Business Lexington June 2019

BizLists Credit Unions |

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BusinessLexington JUNE 2019 | VOL. 15 ISSUE 6

From Books to Boutique: Steel Mill and Co. transforms former Morris Book Shop space into chic fashion outpost

Banking On Success

PAGE 8

Big plans are often achieved through a series of small steps.

Local bankers share ways small business owners can benefit by building lending relationships.

PAGE 14

CVC Breaks Ground on the MET: New development at Third and Midland will feature downtown grocery, restaurant PAGE 10

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BusinessLexington Chuck Creacy PUBLISHER

CONTENTS

State of Hemp:

BusinessBriefs

With robust growth, investment and infrastructure, Kentucky is well-positioned to lead the way through the hazy uncertainties of legalized hemp

News to know from around the region PAGE 4

chuck@bizlex.com Chris Eddie PUBLISHER

chris@bizlex.com Tom Wilmes EDITOR

tomw@bizlex.com

EconomicAnalysis A monthly look at economic indicators compiled by the Center for Business and Economic Research (CBER) at the University of Kentucky PAGE 5

Susan Baniak FEATURES EDITOR

susan@bizlex.com Rena Baer

GrammarGourmet

PAGE 12

What’s Your Achilles’ Heel? PAGE 5

COPY EDITOR

rena@bizlex.com Drew Purcell ART DIRECTOR

drew@bizlex.com Sharon Metz BIZLISTS EDITOR

PVAStatistics The latest statistics on local commercial and residential properties, compiled by the office of the Fayette County Property Valuation Administrator PAGE 6

sharon@bizlex.com ACCOUNT EXECUTIVES

Amy Eddie

amy@bizlex.com Linda Hinchcliffe

linda@bizlex.com Steve O’Bryan

steve@bizlex.com Ann Staton

ann@bizlex.com

CraveWorthy Painted Taco brings color, flavor to Rosemont Garden; owners plan to franchise PAGE 7

IndependentBusiness From books to boutique: Steel Mill and Co. transforms former Morris Book Shop space into chic fashion outpost PAGE 8

Theresa Stanley DIRECTOR OF EVENTS AND PROMOTIONS

G

BL

Credit Unions PAGE 16 Banks PAGE 18

BusinessLeads An index of recent building permits, real estate transfers, loans, bids and new business licenses PAGE 20

IS HI

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P

U

Y ILE PE

BizList

TE

SM

theresa@smileypete.com

434 Old Vine Street or P.O. Box 22731 Lexington, KY 40522-2731 Phone: (859) 266-6537 Fax: (859) 255-0672 www.smileypete.com

Who’sWho Employment news and awards from around the Bluegrass PAGE 22

CVC Breaks Ground on the MET: New development at Third and Midland will feature downtown grocery, restaurant

Banking on Success: Big plans are often achieved through a series of small steps.

Local bankers share ways small business owners can benefit by building lending relationships.

PAGE 10

PAGE 14

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859-285-0405 Malone’s & Drake’s Lansdowne

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BusinessBriefs Hillenmeyer partners with Heartland Under a structure outlined in its marketing materials, the venture-capital backed HeartLand specializes in consolidating and streamlining back-end operations and management of the landscape firms included in its portfolio—many of which are regional leaders in their markets—while retaining the heritage, culture and operational nuances of each individual brand. The terms of the deal were not disclosed.

“Our continued growth brought us to a point that our commercial landscape division deserved a separate identity,” said Stephen Hillenmeyer, CEO and fifth-generation owner of the company. “Those clients have unique needs, which can best be served through a business that is laser-focused on them.”

Hillenmeyer, which celebrated its 175th anniversary in 2016, is a multigenerational business that grew from a small fruit nursery into one of the area’s first and largest retail garden center operations, starting around the 1950s. Under Stephen Hillenmeyer’s leadership, the company divested itself of its retail operations and has grown significantly in exterior maintenance services and expanded to include customized lawn care and mosquito control services. Stephen’s son, Chase Hillenmeyer, became the sixth-generation leader of Hillenmeyer when he became president of the company in 2016.

HeartLand was formed in 2016 by parent company Great Range Capital, a Kansas Citybased private equity firm, with the stated aim of pursuing growth in the commercial landscape industry through controlling equity investments in established landscaping firms across the Midwest and MountainWest regions.

The Hillenmeyer brand and team will remain visible and unaltered in Lexington, with Chase Hillenmeyer at the helm. Stephen Hillenmeyer will continue to be part of strategic growth through partnering with employees and clients. Hillenmeyer Landscape Services continues to deliver complete landscape and snow removal services to commercial and equine clients through the same experienced team, the company said. The residentially oriented “Weed Man” and “Mosquito Authority” businesses will continue to be operated by the Hillenmeyer family, led by Stephen’s younger son, Seth Hillenmeyer.

Lexington Suspends Paper Recycling The Lexington Recycle Center is temporarily suspending the recycling of paper products, effective immediately, citing changes in the global marketplace for recycled materials as the reason.

“Outlets for paper products are accepting only limited amounts due to an overabun-

dance of material in domestic markets,” said Nancy Albright, Lexington’s commissioner of Environmental Quality and Public Works, in a release announcing the change. “The Recycle Center does not have the space to store the paper long-term or in large quantities.”

from putting paper products in their recycling containers.

The city is actively seeking new recycling outlets for paper, Albright said. “At least three new nearby mills are expected to begin receiving materials by late fall of 2019.”

Cincinnati-based LaRosa’s Family Pizzeria celebrated the grand opening of its new location at 2890 Richmond Road, its first full-service restaurant in the Lexington market.

In the meantime, to reduce processing costs, residents are encouraged to throw office paper, newspaper, magazines, cereal boxes, paper towel rolls and similar products in their trashcans, Albright said. “Central Kentuckians will be encouraged to once again put paper products in their recycle carts once a reliable outlet is in place.”

LaRosa’s executives and franchise owners from the Holland Restaurant Group joined local government officials and community guests to cut the ribbon on the new 6,725-square-foot location on May 13.

Lexington does have a buyer for dry corrugated cardboard, like moving and shipping boxes. Residents should continue to recycle cardboard that is dry.

The change affects the materials Lexington Recycle Center (or Lexington Materials Recovery Facility) receives from public and private waste haulers in Lexington and many other Central Kentucky communities, including Berea, Frankfort, Franklin County, Georgetown, Harrison County, Jessamine County, Madison County, Nicholasville, Paris, Versailles, Winchester and Woodford County. Residents in all of these communities are encouraged to temporarily refrain

LaRosa’s Opens in Lexington

Located next to the full-service Skyline Chili that opened last summer on the two-acre site of a former car dealership, the restaurant will serve dine-in customers in its 200-capacity dining room, while also providing pick-up and delivery options for guests. The restaurant’s menu features a variety of family-recipe pizzas and other classic Italian dishes, along with a full selection of beer, wine and mixed drinks available at the location’s full-service bar.

The new Richmond Road location is the first of five Lexington stores planned for launch by the Holland Restaurant Group, which owns and operates the local franchise. The group’s franchise agreement also includes a Southland location, which will serve the University of Kentucky campus, and planned sites in Richmond and Brannon Crossing. BL

JUNE 2019

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5

EconomicAnalysis A monthly look at economic indicators compiled by the Center for Business and Economic Research (CBER) at the University of Kentucky. For more on CBER, visit www.cber.uky.edu.

Most Recent Data 1-Month 1-Year as of May 2019 Change Change

Payroll Employment MSA**** Manufacturing Payroll Employment MSA**** Unemployment Rate MSA****

$278,700 March $165,400 March 3.20% March

-0.14% 0.36% 0.00%

0.79% 0.67% -0.20%

Payroll Employment, US $151,095,000 April Manufacturing Payroll Employment US $12,838,000 April Unemployment Rate, US 3.60% April

0.17% 0.03% -0.20%

1.76% 1.61% -0.30%

Consumer Price Index, Southern Region 246.847 April Consumer Price Index, US 255.548 April Producer Price Index, US 206.7 April

0.53% 0.53% 0.39%

3.49% 3.66% 2.17%

Index of Leading Indicators** Fed’s Index of Industrial Production**

111.9 March 110.2 March

0.36% -0.09%

NA 2.51%

3-Month Treasury Yield*** 10-Year Treasury Yield***

2.43% Feb. 8, 2019 2.45% Feb. 8, 2019

0.00% -0.12%

0.88% -0.40%

1-Month Change 0.95%

1-Year Change 5.10%

2nd qtr.

2019 Real GDP (millions $)

$21,062,691.00

MSA: Lexington-Fayette Metropolitan Statistical Area; (p)=preliminary; NA=not available * Source: http://www.conference-board.org ** Source: Federal Reserve Statistical Release — http://www.federalreserve.gov/releases/G17/ *** Source: Federal Reserve Statistical Release — http://www.federalreserve.gov/Releases/H15/data.htm **** Source: St. Louis Federal Reserve — https://research.stlouisfed.org/fred2/ Note: In some cases 1 mo. and 1 yr. changes are based on revised data from previous mo./yr. GDP is reported in Current Dollars.

GrammarGourmet

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By Neil Chethik

What’s Your Achilles’ Heel?

When the Golden State Warriors’ forward Kevin Durant went down during the playoffs last month, armchair doctors immediately feared for his Achilles’ tendon. Turns out their long-distance diagnoses were wrong.

Nearly as bad, they mangled the name of the body part. Some wrote of Durant’s Achilles tendon, others of his Achille’s, still others of his achilles.

We’ll get back to that fraught tendon in a moment. Meanwhile, let’s do a quick body scan— from the top of head (parietal bone) to the tip of the toe bones (phalanges)—so we know the correct spelling of some of our most important body parts.

Above the shoulders, we find a trove of difficult-to-spell bones and organs. There’s the cerebellum, the region of the brain that controls motor movement. There’s also the cochlea, a spiral-shaped cavity in the ear that contains the receptor organ for hearing.

In the mandible (jawbone), you’ll find incisors, those eight front teeth we use to bite into an apple. And just below that, we have a larynx (voice box) and pharynx, the muscular tube that moves food from the mouth downward to another spelling challenge, the esophagus.

The chest and abdomen have their own set of tough spellings. There’s the pancreas, an organ in the digestive tract; the diaphragm, a muscle that extends across the bottom of the rib cage; and the coccyx, our tailbone.

And don’t laugh at the humerus bone (upper arm); it’s not spelled like humorous, even though it’s close to the funny bone.

Connect with Us Connect with Us

Finally, we arrive at the lower extremities.

Try not to confuse the tibia and fibula, the two long bones in the lower leg. (There is no tibula or fibia.)

And what about that tendon behind the heel? Unlike most other body parts, the first letter of Achilles is capitalized; that’s because the tendon is named for the Greek hero killed by an arrow in his heel. Since then, the phrase Achilles’ heel (with an apostrophe at the end of Achilles) has come to mean a person’s point of weakness.

When it comes to grammar, what’s your Achilles’ heel? BL Neil Chethik, aka the Grammar Gourmet, is executive director of the Carnegie Center for Literacy and Learning (www.carnegiecenterlex.org) and author of “FatherLoss” and “VoiceMale.” The Carnegie Center offers writing classes and seminars for businesses and individuals. Contact Chethik at neil@carnegiecenterlex.org or 859-254-4175.

business@traditionalbank.com business@traditionalbank.com traditionalbank.com/businessbank traditionalbank.com/businessbank

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PVAStatistics The latest statistics on local residential and commercial property compiled by the office of the Fayette County Property Valuation Administrator. The data reflect the most up-to-date information available at the time of printing for this publication, but monthly figures may be revised as additional public records of property transactions are submitted and become available.

Top Commercial Transactions for April 2019 SALE DATE

ADDRESS

PRICE

4/4/19 4/11/19

4/19/19 4/9/19 4/29/19 4/25/19 4/18/19 4/5/19 4/30/19 4/30/19 4/17/19 4/8/19 4/1/19 4/30/19 4/1/19 4/8/19 4/30/19 4/11/19 4/5/19 4/1/19 4/15/19 4/5/19 4/18/19 4/10/19 4/30/19 4/9/19 4/12/19 4/3/19

3200 Todds Road $31,000,000 115 W. Loudon Ave. $9,790,500* 815 Newtown Pike 730 Lane Allen Road $1,600,000 2248-2256 Dinsmore Drive $1,400,000 1805 Oxford Circle $1,110,000 101 N. Mt Tabor Road $1,000,000 1999 Richmond Road, Unit 1 $850,000 441 N. Limestone $697,000 1674 Alexandria Drive $650,000 1678 Alexandria Drive $650,000 713 Millpond Road $620,000 335 Old Virginia Ave. $499,000 601 N. Limestone $400,000 102 W. High St. $400,000 1814 Carolyn Drive $390,000 240 Sycamore Road $365,000 178-180 Sioux Road $345,000 273 E Maxwell St. $330,000 222 Clay Ave. $285,000 201 E Maxwell St. $282,000 448 Lewis Hargett Circle, Unit 240 $260,000 240 Water St. $145,000 141 Prosperous Place, Unit 22A $107,000 351 American Ave. $79,000 530 N. Martin Luther King Blvd. $78,500 724 Golfview Drive $70,000 320 Georgetown Place $55,000 109 Withers Ave. $47,000

PURCHASED BY

Residential Sales Data for April 2019 The chart below shows the monthly residential sales activity in Fayette County for the previous 24 months. The data for the most recent month reflect a projected estimate from the office of the Fayette County Property Valuation Administrator and are subject to change.

2017 RESIDENTIAL SALES

Wilkinson Lexington I LLC Newport Communities LLC

800

SDS Investment Group LLC Triumph BF II LLC Oxford KDR LLC Hymson, Evelyn 1999 Richmond Road LLC Griffords LLC Howard Taylor Investments LLC Howard Taylor Investments LLC Greybird Properties Reynolds James And Sandra Jean BS Property LLC Beskoko Holding Company LLC Idle Hour Properties LLC Sycamore 240 LLC Crumbaugh Properties LLC DP Rentals LLC Terrell, Melanie Lexington 247 LLC Shannon Family Trust LLC BGHD Holdings LLC AMS Medical PLLC Chambers, Beverly J. Needham, Philip D. Bates, Virginia Kyoz LLC Riesig Group LLC

700

*Sale price based on a multiple-parcel transaction **Parcel includes multiple improvements

2018 RESIDENTIAL SALES

2019 RESIDENTIAL SALES

600 500 400 300 200 100

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

-7%

-1%

1%

5%

-21%

-2%

-6%

-4%

-12%

-9%

-4%

-15%

MONTHLY PERCENTAGE CHANGE OVER PREVIOUS YEAR For more local residential and commercial real estate information, check the website of the Fayette County Property Valuation Administrator at www.fayettepva.com.

JUNE 2019

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CraveWorthy Painted Taco Brings Color, Flavor to Rosemont Garden; Owners Plan to Franchise

BY SHANNON CLINTON CONTRIBUTING WRITER

W

hen the restaurant opens in early June, gourmet tacos with organic, fresh ingredients and internationally inspired themes will create a colorful, palate-tempting palette at Painted Taco, says Ryan Miller, president of Lexington-based parent company CKRG Enterprises LLC. After several years of planning, including a scuttled location in the Distillery District, Miller and business partner Damon Coates are readying to open the first Painted Taco at 222 Rosemont Garden. As the still-visible garage bay doors suggest, the location is the former site of a 1940s auto body garage. The exterior is now emblazoned with a colorful, hand-painted mural of street-art style Mexican sugar skulls. The location is the first in what Miller says will eventually become a nationwide franchise.

Tacos with a twist is an appropriate menu descriptor. Featured items include a Southern-inspired fried chicken taco, a cheeseburger taco, fish taco and a Korean barbecue taco,

alongside a more traditional tacos al pastor, to name a few. Miller said portion sizes will be plentiful, and that all tacos will be made with premium, full-sized taco tortillas.

Miller, who formerly trained as a chef, said Painted Taco locations will also feature non-GMO, organic ingredients and steroidfree meat, which will be prepared using a “sous vide” method that uses water and vapor to cook meat to an optimum temperature. The meat-free need not despair, as vegetarian options will also be offered. Another focus will be on using recyclable products in the restaurant, in keeping with an overall “green” concept.

Miller is no stranger to the world of franchises, as he and Coates opened a few Mellow Mushroom locations in Lexington and Louisville in recent years. After the closing of the Lexington Green location, followed

by Louisville’s St. Matthews restaurant in late April, only the original Lexington location on South Upper remains, but Miller says the restaurant is doing well and is here to stay.

While all Painted Taco locations will have some recognizable through-lines for consistency, Miller said he wanted to give franchisees the luxury of flexibility in menu and décor,

PHOTO FURNISHED

Painted Taco, shown here in an unfinished state, is located at 222 Rosemont Garden.

along with the “fantastic food costs and pricing” that come with group buying and support.

CKRG has an art team on board that will travel to new locations and help owners transform Painted Taco sites to meet their own unique visions. CKRG has also contracted with Texas-based Edge Realty Partners to help scale the new franchise locations, which will begin launching next year across the country. Miller named Orange Beach, Alabama; Nashville, Tennessee; and Chicago among planned locations for independently owned franchise locations.

With PieTana and other hip eateries and shops nearby, the Rosemont Garden neighborhood was chosen as the location for Painted

Taco’s national debut for its increasing popularity and great walkability, Miller said.

The restaurant will have a light and airy feel, with about 100 seats between its indoor seating area, outdoor patio and a large bar serving beer, tequila and margaritas. Miller said Painted Taco will be a family friendly establishment, with a range of menu options to suit all ages and taste preferences. The venue also plans to host live music on occasion.

Miller expects to hold a grand opening in early June.

“You get here to the end, and you never know with inspections and stuff like that, but we’re almost there,” he said. BL

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IndependentBusiness Steel Mill & Co. opened its Lexington location this spring at 882 E. High St. PHOTO BY DREW PURCELL

From Books to Boutique Steel Mill and Co. transforms former Morris Book Shop space into chic fashion outpost

BY KATHIE STAMPS COLUMNIST: INDEPENDENT BUSINESS

T

he former site of Morris Book Shop on East High in Chevy Chase is now the newest location of Steel Mill and Co., a lifestyle boutique filled with clothing and gifts.

Steel Mill and Co. is the brainchild of Chandler Rogers, who opened her first boutique at the age of 23 in her hometown of Bowling Green. It was 2016, which she describes as the most intense year of her life. She’d finished a semester of college, got married, had a baby and became a business owner. “It was very much of a blur,” she said, adding, “I wouldn’t change it one bit.”

Rogers had a keen eye for fashion and an intuitive sense for what other shoppers wanted, having worked in retail stores such as Aeropostale and Buckle since she was a teenager. When she opened her own shop, she made it her own, literally and metaphorically. “It was about the atmosphere,” she said. “I’m about putting stuff together, I’m all about DIYing. I didn’t want it to feel cold and isolated; I wanted it to feel comfortable, a place where you can bring your friends, bring your family, bring your pet.”

PHOTO BY DREW PURCELL

JUNE 2019

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The Bowling Green shop was successful right off the bat, in terms of foot traffic and friendly faces, and the work Rogers was putting into stocking merchandise. “You get so isolated when you open your own business,” she said. “In reality it’s not really that fun.

It’s very lonely at times.”

By early 2018, Rogers found herself overwhelmed. Her husband had started his own business, and she realized she was making sacrifices at home for work and vice versa. “We’re going to have to do something, I can’t afford this,” she told her husband. She resolved to make both the business and her home life work, and then an unexpected opportunity presented itself.

“This guy walked in and asked for a meeting,” she said. “He told me, ‘Hey, we really like your look and aesthetic, we would like to buy you. We want to buy your ideas, make that a brand and execute it.’”

The guy ended up being a representative of Lifeguard Press, a Bowling Green-based licensing and branding company. She took the offer and still finds it remarkable that the timing was so fortuitous. “I wanted to quit; I was so tired with a baby and work, but someone saw my creativity and my ‘I’m not going to quit’ attitude.”

Rogers is still the face of the company, as the creator, director and buyer. “We did so well in the first six months, he asked me if we wanted to open another storefront,” she said. Big commercial stores were going out of business left and right, but the local Steel Mill and Co. in Bowling Green was doing very well. Rogers considered Nashville as the second location, “but it was going to be so hard to find a niche,” she said.

Then she visited Lexington—for the first time in her life. And found just the right spot in Chevy Chase. “The location was great, the people were so nice,” she said. “I like the mature trees, and the feel of it.”

“I wanted it to feel comfortable, a place where you can bring your friends, bring your family, bring your pet.” chandler rogers, still mill and co. owner

9

PHOTO FURNISHED

Rachel Sheldon, manager, and Chandler Rogers, founder, of Steel Mill & Co.

Individuality is key to the store’s merchandise, as well. The vibe is vintageinspired, yet tailored, with typically no more than two of any given item in stock. A phrase the company uses in marketing materials is “We believe that clothing is a statement of individuality and empowerment. Certain pieces speak to you and only you.”

The 3,700-square-foot store features an entire section of denim, along with racks of boho tops and sundresses, rompers and jumpsuits, paisley scarves and leather bracelets, baseball caps and panama hats.

One prominent brand is Nashville-based ABLE, makers of jewelry, sandals, purses and wallets. The store also offers online sales.

Social media is an important component of the Steel Mill and Co. brand. Rogers offers up a Facebook Live video every Tuesday, by herself or with a staffer, to wear some of the new arrivals so shoppers can see how an outfit looks in person and how to style it with different accessories. The store’s Instagram account also features as many videos as photos, so that customers feel more involved in the Steel Mill experience. There are six full-time employees and 14 part-timers between the two stores. In May, the company introduced a “personal stylist program” for customers to receive individual attention.

“It’s nice to have people. I still make the decisions,” Rogers said of signing with a licensing company. “I really love being a part of the team.” BL

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The 75,000square-foot MET project will include a grocery, restaurant, retail and office space, as well as apartments.

RENDERING FURNISHED by EOP architects

CVC Breaks Ground on the MET New development at Third and Midland will feature downtown grocery, restaurant

BY SUSAN BANIAK BUSINESS LEXINGTON

C

ommunity Ventures Corporation broke ground in May on its longplanned mixed-use development along Midland Avenue and Third Street in Lexington’s East End, which will be known as the MET. The $22 million project includes construction of a three-story, 75,000-squarefoot building designed by EOP Architects, which will feature street-level retail and office space. The upper floors will also feature 44 apartments, including a mix of 30 percent affordable housing and 70 percent marketrate units.

The team is still finalizing its agreements with retail partners, said Kevin Smith, president and CEO of Community Ventures Corp., but the tenant mix is expected to include a long-sought downtown grocery for the oncebustling downtown commercial corridor. The existing Community Ventures building on the corner of Third and Midland will be retrofitted and expanded to connect with the new construction, Smith said, with plans in the works for a possible restaurant on the first floor.

For Smith, who once lived in Lexington’s Bell Court neighborhood, just a short walk from the new development, bringing this project together just across Midland Avenue, at a nexus point for multiple neighborhoods and local improvement efforts, has been “surreal,” he said.

“The ball is rolling. I don’t think we could stop it, even if we wanted to,” Smith said. “With everything that is aligning, this seems to be the right time for the East End. … I’m very thrilled about what it’s going to do, not only for this neighborhood, but for the whole area.”

The new development marks a major step in CVC’s continuing effort to reinvigorate a substantial amount of the Third Street commercial corridor and the west side of Lexington’s Midland Avenue, long seen as an underperforming gateway to the city’s downtown area.

But beyond the goal of creating a vibrant, mixed-use development near downtown, CVC’s nonprofit mission in this pursuit is to inject Lexington’s East End community with renewed energy and investment in a way that benefits its residents, while celebrating its culture, its character and its historical contributions to Lexington.

“We sat with neighborhood associations, community leaders, business owners and homeowners, to talk about their vision for the future of the East End. That shared community vision is the one that we aspire to today and the one that the MET has been designed around,” Smith said. “That vision will keep existing residents here, with new housing

“The ball is rolling.

I don’t think we could stop it, even if we wanted to. With everything that is aligning, this seems to be the right time for the East End.” kevin smith, community ventures corp.

PHOTO FURNISHED

Community leaders and elected officials joined executives of Community Ventures Corporation for the groundbreaking ceremony for its new development, The MET, in May.

opportunities, new job opportunities, and will give them access to basic services, like a grocery store and health care facility.”

The project has also been developed to embrace the city’s Town Branch Commons project, currently being developed along Midland Avenue, with a design plan that provides easy transitions for the community between public and private spaces.

The building has also been designed with attractive fronts on multiple sides to invite neighborhood engagement from every angle, Smith said.

To fund the project, the group has secured

$10.5 million in new market tax credits to spur private investment, and $14 million in financing has been provided through a consortium of community banks, along with a national lender. Community Venture Corp. is still working to raise roughly $5 million more, Smith said.

The construction will be headed up by D.W. Wilburn, with emphasis on encouraging small and minority business participation in the construction work, Smith said.

Announcements naming the project’s major commercial tenants are expected to be released in the next few months, Smith said. BL

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LIVE MUSIC

FRIDAY: Tall Boys • debraun thomas trio • Short & Company Joslyn & The Sweet Compression SATURDAY: phoebe white (w/dave mclean) • Maggie Lander grits & soul • lauren mink • danny dean & the homewreckers buffalo wabs & the price hill hustle • restless leg string band magnolia boulevard • Tee Dee Young

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The State of Hemp With robust growth, investment and infrastructure, Kentucky is well-positioned to lead the way through the hazy uncertainties of legalized hemp

BY SUSAN BANIAK BUSINESS LEXINGTON

S

ince the federal government legalized the commercial production of industrial hemp with the passage of the 2018 Farm Bill earlier this year, more states have been stepping up to court the nowrespectable cousin of the cannabis family.

Kentucky was ready and waiting, said Sean Southard, spokesperson at the Kentucky Department of Agriculture (KDA). In recent months, states like Florida, Iowa and Georgia have hurried to pass new laws to legalize and regulate hemp production, and additional bills are working their way swiftly through legislatures in states like Texas, Nebraska and Louisiana.

Kentucky’s regulatory plan was finalized in advance and hand-delivered by Agriculture Commissioner Ryan Quarles to the USDA the same day the Farm Bill was signed, Southard said.

“Other states are now scrambling to figure out how to develop a plan,” Southard said.

“We’ve been ahead of the game for years.”

Hemp’s recent reintroduction in the United States has garnered attention from more than just farming communities across the country.

“It’s unlike anything anybody has ever seen when it comes to an agricultural crop,” said Tom Keene, agronomy specialist at the University of Kentucky’s College of Agriculture, Food and Environment, regarding the inquiries that UK’s hemp researchers have fielded on the subject.

Hemp has sparked interest from virtually all sectors of society, he added, including banking, law, health care and investment.

“Everybody is jumping in the race, but nobody has a road map, nobody has any GPS coordinates—and for sure, nobody is stopping to ask for directions.”

PHOTO FURNISHED

Kentucky Commissioner of Agriculture Ryan Quarles, right, delivers Kentucky’s state hemp plan to U.S. Agriculture Secretary Sonny Perdue.

Establishing a broad foundation As farmers in some states take their first major leaps into hemp cultivation, Kentucky has been working to build out a broad foundation for hemp within the state through its five-year research pilot program. The KDA has approved roughly 1,000 hemp growers for licensure this year, and more than 56,000 acres for hemp cultivation. According to data released by the KDA, hemp processors reported $57.75 million in gross product sales in 2018, up from $16.7 million in 2017. Processors paid Kentucky farmers $17.75 million for harvested hemp materials in 2018, up from $7.5 million in the previous year. Hemp processors also spent $23.4 million in capital improvements and employed a total of 459 people in the industry in 2018.

“The increased interest in hemp is great for the industry nationwide. Kentucky will continue to be a national leader, maybe not in the number of acres grown, but in having the critical mass of acres, growers and processors working together in one location,” Southard said.

That critical mass will be essential as new markets evolve and more players look to gain a foothold in the industry, said Annie Rouse, a Lexington-based hemp industry advocate and entrepreneur. Rouse is the co-founder of Anavii Market, an online retail marketplace for vetted and verified hemp products.

“The interest has at least tripled in size,” Rouse said. While hemp’s market value was initially centered on uses for the plant’s seeds and fiber, the spotlight has since shifted to hemp-derived cannabidiol, or CBD, a naturally occurring compound in cannabis plants.

CBD has gained popularity for its potential in relieving a wide range of ailments, including chronic pain management and epilepsy, without getting users high.

And while the industry has yet to see a major CBD product release by a national manufacturer, many appear to be exploring the territory, Rouse said.

The effort to develop not only hemp cultivation but also processing and production capabilities within the state will allow Kentucky to reap a greater portion of the crop’s economic benefit, Rouse said.

“With Kentucky being one of the first in the market, we’ve been able to foster a lot of added-value production,” Rouse said. “Because of our regulatory environment, we’ve been able to attract many processors to the state.”

Speed bumps ahead Hemp’s transition to legal status on the federal level has been a welcome change for Kentucky hemp businesses, but it hasn’t smoothed the way completely. State and local regulations have not been quick to catch up with the federal changes, creating confusion and some lingering uncertainty for the industry.

“Business is still good, but we’ve actually seen some opportunities die down for us,” said Adriane Polyniak, co-owner of the Kentucky Cannabis Company and Bluegrass Hemp Oil (BHO). “Most people would have expected it to really open up and for hemp

IMAGE FURNISHED

companies to be able to operate like normal businesses, but that still hasn’t happened yet.”

Banking, in particular, has been a significant hurdle for Polyniak and other hemp business owners. Polyniak recently had to switch her company’s accounts to a new bank when her former bank moved to dissociate itself from the hemp business, she said.

“We are still having issues with merchant providers,” Polyniak said. “They don’t feel comfortable dealing with CBD and hemp companies.”

Smaller hemp businesses are at a particular disadvantage, Rouse said, because national banks can overlook the risks related to the crop when dealing with larger conglomerates that have broad and diversified financial portfolios.

ROUSE “Banking is the No. 1 obstacle,” Rouse said. “ I understand why the banks do it, but it could kill an industry, and a few companies could end up monopolizing a market that wouldn’t be that way otherwise.”

And although federal law has drawn a distinction between hemp and marijuana, there are still no simple, widely accepted practices for law enforcement to immediately differentiate the two as raw material, processed material or finished products, Rouse said.

Truckloads of hemp grown legally in Kentucky and other states have been confiscated by law enforcement officials in Oklahoma and Idaho, and truck drivers have been arrested and charged with drug trafficking under statutes in other states, despite hemp’s

legal status on the federal level. As a result, Polyniak said, transportation companies have begun refusing interstate hemp shipments.

“We were previously supplementing some of our production with hemp from Oregon and had no issues shipping it across state lines,” Polyniak said. “Now the federal farm bill passes, and we can’t get trucking companies to ship across state lines.”

But overall, Polyniak sees such problems as growing pains that will eventually get worked out for the industry.

“I don’t think there is any stopping Kentucky farmers. The climate is fantastic. Our farmers are experienced,” Polyniak said. “I think the biggest risk to Kentucky, with all of these other states jumping in, is if we don’t do things to continue to improve our laws and to open up to the possibilities of better cultivars and better varieties for our farmers.”

As part of that, Polyniak feels the state should take another look at its rules regarding content limitations for THC, the highinducing cannabinoid that is more prevalent in marijuana. Kentucky and the federal government currently restrict THC content in hemp to no more than .3 percent, a longheld standard for classification purposes, but not an actual threshold for psychoactive potency. A hemp plant’s THC content can vary somewhat based on factors such as growing conditions and harvest time, and plants that slightly exceed the .3 THC mark when tested must be destroyed—a crushing setback for start-up hemp farmers, Polyniak said.

“States like West Virginia have increased the allowable amount of THC, because intoxication doesn’t start at .4 percent,” Polyniak said.

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“Everybody is jumping in the race, but nobody has a road map, nobody has any GPS coordinates—and for sure, nobody is stopping to ask for directions.”

Tom Keene, agronomy specialist at UK’s College of Agriculture, Food and Environment

Rouse also sees benefit in possibly raising the THC limits for hemp plants, especially since the amount of THC ultimately can be controlled to fall below the .3 standard in consumer end products. She expects more conversations like these to come, but for now, she’s pleased that hemp is federally legal.

From the ground up Southard said the next step on the state level will be a thorough administrative review for Kentucky’s hemp program to determine what rules and regulations can and should be eliminated, now that hemp is no longer on the federal government’s list of controlled substances. The KDA is also continuing to work with the FDA and the EPA as they begin to consider their responses to issues involving cannabidiol and pesticide registration, respectively.

Commissioner Quarles’s aim is for Kentucky to be the epicenter of hemp production in the United States, Southard said.

“I would put our vision, and Kentucky’s record, up against any other state,” Southard said. “We’ve got many universities researching applications of the crop. We’ve got the best farmers in the nation producing it. And we have businesses, 120 or so, that are taking that harvested hemp material and turning it into products that Americans want to buy.”

Both Rouse and Polyniak see education as a key factor for the industry’s future development. Polyniak would like to see the state allow opportunities now for student education on hemp farming, in particular.

“We need to encourage young farmers to carry on, and what better industry to entice them than the hemp industry?” Polyniak said. “We want to bring in students and teach them during the planting and the harvesting process, and we’ve never been able to give them that opportunity.”

To maintain a leadership role in hemp’s future, Keene said, Kentucky will need to continue on its current path: investing in the needed research, maintaining a solid regulatory program and supporting the farmers who are willing to invest their time, money and acreage.

“We have to be diligent about staying the course,” Keene said. “There will come a time when it will become a commodity crop, just like corn or soybeans. We are not there right now …

Those that were early adopters will have a leg up when supply and demand take over.”

While hemp may not become a full replacement for tobacco in Kentucky’s agricultural sector, Keene said it will help.

“I do think it has the potential to fill part of that gap; I don’t know that it can fill the entire gap,” Keene said. “Anytime we have an added income stream for farmers, that is certainly a bonus.” BL

13

Adriane Polyniak, center, along with husband Bill Polyniak, right, and Dave Hendrick, left, are founders of Kentucky Cannabis Company.

PHOTO FURNISHED

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IMAGE FURNISHED

Banking On Success Big plans are often achieved through a series of small steps. Local bankers share ways small business owners can benefit by building lending relationships.

BY SUSAN BANIAK AND TOM WILMES BUSINESS LEXINGTON

F

or small business owners, the safest way to build toward their goals is often one small piece at a time. Whether the need is equipment, staffing, infrastructure, inventory, website development or marketing materials, manageable investments can enable entrepreneurs to seize new opportunities as they avail themselves and grow over time to meet new challenges.

And when small business owners need access to credit, they often look to regional and local banks. According to the 2018 FDIC Business Lending Survey, almost 53 percent of small loans to businesses at the end of 2017 were held by the nation’s smaller banks, even though those institutions held only 17 percent of all banking assets.

Even as technology has streamlined many aspects of the lending process, lending decisions made at the local level can allow for more familiarity with the client and case-by-case context when loan officers are considering applications. Local and regional bankers can also offer more detailed feedback during the approval process and counsel applicants on what they can do to improve their prospects. Their familiarity with local market variables and the people behind the business deals can give them added insight into a small company’s potential. As a result, smaller banks and regional branches often have more latitude when making lending decisions, as compared to major national banks.

Who makes the decisions?

“Because we are a local decisionmaker, knowledgeable of the community in which we serve, we can provide the best advice and the ultimate decision for our clients,” said Steve Trager, chairman and CEO of Republic Bank

and Trust Company. “Larger institutions have a ‘decision matrix’ that tells them how to approve or decline a loan, whereas Republic seeks to understand the customer first and be a part of the decision that is in their best interest. Because no two TRAGER clients are alike, a decision on a loan must be custom to the client and their situation.”

Local decision making is also at the core of WesBanco’s commercial loan business, said Market President Jeff Koonce.

“WesBanco’s approval structure allows for approximately 95 percent of the commercial loans we originate to be reviewed and approved at the local market level. This allows us to move quickly on the vast majority of the loans that we underwrite,” he said.

The ability of loan officers to approve deals KOONCE at the local level enables them to better understand their customers and build closer relationships with them in the process, said Larry W. Jones, central region president of Community Trust Bank.

“Our lenders underwrite their own loans, working with appropriate lending approval levels,” Jones said. “Each loan officer has a loan approval level. Beyond that dollar amount, the approval goes to a local loan committee, and further to a larger loan committee. The loan officer shepherds his or her loan to each loan committee. If approved, the loan officer then oversees the loan to closure and manages the relationship after that. That customer is the loan officer’s customer.”

Advocating for your business Local banks can counsel clients through the loan process, said representatives of Monticello Banking Company, including Senior Executive Officer Ryan Cooper, Regional Executive Officer Rodney Weaver and Steve Brinson, branch manager at Monticello Banking Company’s Lexington branch (and soon of its new Jessamine County branch). Familiarity also allows them to take a big-picture approach to each request and evaluate every loan based on a host of related factors, including financial character, cash COOPER flow, industry/market conditions, collateral, capital and compliance.

“We recognize that our borrowers are experts in their prospective fields but not necessarily in finance. We are here to lead them through the process and help them reach their goals,” they added.

But small business owners can help to expedite the process by coming prepared.

Successful loan candidates are well-versed in industry and local market conditions and they are knowledgeable about common operational hurdles, sales and marketing initiatives, cash flow and staffing. They are also armed with useful documentation, such as tax returns, personal financial statements, operating agreements and budgets or cost plans.

“If the business is a startup, we prefer to work with the borrower to ensure these topics are discussed in depth,” the representatives from Monticello Banking Co. said.

“Many risk factors for new business owners are not considered until a comprehensive plan has been considered.”

Consider the particulars Like every business is its own entity, every loan request has unique circumstances and individual merits, said Lesley Fluke, market executive with German American Bank, which entered the Lexington market in late 2018 through the acquisition of First Security Bank. In all cases, however, making sure the business can carry on with the added debt is paramount.

“We want to make sure the customer can make the loan payments based upon their available monthly cash flow, have adequate liquidity to weather economic downturns, and have some form of acceptable collateral to secure the amount borrowed,” Fluke said.

“A customer’s loan history, as well as past business experience, are also factors.”

It helps when clients come into the process with a solid understanding of what the debt will mean for their company’s cash flow, she said.

“Understanding the healthy balance of cash and debt to fund business growth, how it impacts the operationFLUKE al cash flow of their business, and the risks to both the customer and the bank can help business owners and their loan officer work to find the best solutions to the owner’s borrowing needs,” Fluke said. “Working in tandem with a good financial advisor—whether an in-house accountant or a third party—can also help a small business owner understand their financial situation and what opportunities may exist.”

Cash flow to debt service requirements is a key ratio, along with what City National Bank Market President William Craycraft and several other bankers referred to as the five “Cs” of credit: character (integrity & experience), capacity (cash flow & debt service), condition (market / industry outlook), capital (equity) and collateral (pledged assets).

“First and foremost, the company needs to have a track record of sufficient cash flow to service the proposed loan,” Craycraft said.

“Collateral and/or a strong sponsor [guarantor] play an important role for companies that don’t have an established financial history or have not built up their equity. All of the other items are considered in some way or another, but the loan request stops quickly if the business does not have sufficient cash flow to service the debt.”

A little self-reflection can also go a long way for business owners who are looking to improve their borrowing prospects, said WesBanco’s Koonce.

“First ask yourself, if I was the bank, would l lend my money to this business?”

Koonce said. “Identify the risks, and then present ways to mitigate those risks.”

It also helps to consider the transaction from the perspective of the bank, Koonce added. “Be honest, and not emotional.

Banks are entrusted with our shareholders’ investment and therefore have a fiduciary responsibility to make safe credit decisions that won’t put them at an undue risk.”

Be clear and concise in the materials you present to help the lender understand your business, said Craycraft, of City National Bank. Such materials can include a brief history of your company, a bio that demonstrates expertise, personal and business tax returns with an interim financial statement, a risk management assessment and a well-articulated loan request. “You want to convince the lender you have a grasp of all aspects of the business,” Craycraft said.

“Get to know your lender and make sure they understand your goals.

Matching the right product with the need is key to your future success.”

STEVE TRAGER, community ventures corp.

Along with the tax returns, company income statements and balance sheets, Community Trust Bank’s Jones also wants loan applicants to share their well-thoughtout plans for their company’s success. Take a lesson from the entrepreneurial hot seat on shows like “Shark Tank,” he suggests, and be ready to answer the tough questions. “Generally, many small business owners have really good ideas, but maybe have not given enough thought to how to execute their ideas—how to be successful,” Jones said.

And when it comes to organizing and articulating all the essential information that will lead your company to success, nothing can surpass the essential guiding document for any small-business owner: a business plan.

“Well thought-out and researched business plans including detailed financial projections improve chances of approval,” said Dan Mason, SVP chief lending officer with Traditional Bank. “In addition to enlisting help from community partners, business owners should surround themselves with experienced mentors such as CPAs, attorneys, bankers and successful business owners who will offer valuable business insight.”

But ultimately, a successful business loan will be about not only how good the business may look on paper but also the confidence and comfort level felt with the person on the other side of the desk.

“I would suggest a business owner start with building a relationship with a banker,” Trager said. “You want a person who will take the time to learn and understand your business and the people behind the business. … Get to know your lender and make sure they understand your goals. Matching the right product with the need is key to your future success.” BL

When it comes to your mortgage, you don’t have to be an expert.

That’s Why We’re Here.

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CONVENIENT Apply online when it's convenient for you. If you ever need to talk to us, we're here to help.

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Chris LeMaster MORTGAGE SPECIALIST chris.lemaster@kybank.com (859) 469-7382 NMLS ID# 914703

Eric Adams 800-467-1939 | kybank.com

MORTGAGE SPECIALIST eric.adams@kybank.com (859) 494-3384 NMLS ID# 59382

Downtown Lexington Partnership (DLP) would like to thank the following companies for their continued support and stakeholder membership in DLP. These members make a significant investment in downtown and their commitment ensures that DLP is able to provide quality programming for everyone to enjoy.

www.downtownlex.com

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Credit Unions Ranked by total assets in the fourth quarter of 2018

Rank

Credit Union Name Address, Phone Website

ending Dec. 31, 2018

Assets

Total Loans

Type

Peer Group

Total Shares & Deposits

Number of Members

Principal Officer

1

Commonwealth Credit Union 417 High St. Frankfort, KY 40507 (502) 564-4775 www.ccuky.org

$1,266,771,960

$897,188,395

Non-Federal

6 - $500,000,000 & greater

$1,046,152,624

104,553

Karen Harbin

2

Park Community Credit Union * 2515 Blankenbaker Pkwy.

Louisville, KY 40299 Local Branch: Bluegrass Region 2217 War Admiral Way, Ste. 102 Lexington, KY 40509 (502) 968-3681 www.parkcommunity.com

$907,640,054

$741,002,414

Non-Federal

6 - $500,000,000 & greater

$753,775,885

87,606

Jim Spradlin

3

University of Kentucky Federal Credit Union 2557 Sir Barton Way Lexington, KY 40509 (859) 264-4200 www.ukfcu.org

$864,618,683

$694,678,840

Multiple Common Bond Primary Educational

6 - $500,000,000 & greater

$738,847,211

95,465

David Kennedy

4

Members Heritage Federal Credit Union 440 Park Place Lexington, KY 40511 (859) 259-3466 www.membersheritage.org

$366,115,911

$264,956,508

Non-Federal

5 - $100,000,000 <$500,000,000

$321,054,140

45,889

Pat Ferry

5

Health & Education Credit Union 424 Park Place Lexington, KY 40511 (859) 231-8262 www.thefcu.com

$89,845,739

$32,906,281

Multiple Common Bond Healthcare

4 - $50,000,000 <$100,000,000

$76,920,404

17,043

Pam Henson

6

Greater Kentucky Credit Union Inc. 1001 Red Mile Road Lexington, KY 40504 (859) 231-9300 www.gtkycu.com

$82,821,317

$65,073,755

Non-Federal

4 - $50,000,000 <$100,000,000

$72,577,881

9,522

Debbie Pyle

7

Kentucky Employees Credit Union 100 Moore Drive Frankfort, KY 40601 (502) 564-5597 www.kecu.org

$75,805,923

$54,855,579

Non-Federal

4 - $50,000,000 <$100,000,000

$64,065,528

11,354

John Graham

8

KUEFCU — Kentucky Utilities Employees One Quality St. Lexington, KY 40507 (859) 367-5845 www.kuefcu.com

$47,734,939

$17,180,010

Multiple Common Bond Primary Communications & Utilities

3 - $10,000,000 <$50,000,000

$38,480,708

3,491

Stephanie Gillis

9

Metro Employees Credit Union 1306 Versailles Road, Ste. 140 Lexington, KY 40504 (859) 258-3990 www.metroemployeescu.org

$30,491,750

$18,700,669

Non-Federal

3 - $10,000,000 <$50,000,000

$26,421,806

4,445

Piper Graham

10

Lexington Postal Credit Union 1088 Nandino Blvd.

Lexington, KY 40511 (859) 252-5151 www.lexpcu.com

$22,662,057

$10,471,663

Non-Federal

3 - $10,000,000 <$50,000,000

$19,530,687

2,541

Sharon Stafford

11

Corning Credit Union Corning Glass Works – Harrodsburg 690 E. Office St. Harrodsburg, KY 40330 (859) 734-9656 www.corningcu.org

$5,073,561

$1,358,135

Manufacturing All Other

2 - $2,000,000 <$10,000,000

$4,111,065

801

Amy Hart

Source: Information obtained from the NCUA-National Credit Union Association report reflects the financials from the first quarter, ending Dec. 31, 2018. Footnote: * These credit unions have local branches in Lexington.

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Banks Local institutions ranked by total deposits inside of market

Rank

Bank Name Address, Phone Website

Figures from June 30, 2018

Deposits (Inside of Market) as of 6/30/2018 (Figures in Thousands (000â&#x20AC;&#x2122;s)

Market Share Percentage

Branches In MSA

Branches Outside of MSA

Outside Market Deposits

Bank Charter Class

Charter Type

Top Local Official

1

Central Bank & Trust Company 300 W. Vine St. Lexington, KY 40507 (859) 253-6013 www.centralbank.com

$1,678,867

16.48

18

8

$376,848

NM

State

Luther Deaton, Jr. (Chairman, President & CEO)

2

Chase Bank 201 E. Main St. Lexington, KY 40507 (859) 231-2122 www.jpmorganchase.com www.chase.com

$1,579,111

15.5

16

5,128

$1,272,511,889

N

Federal

Donald Hellmann (President of Central Kentucky)

3

Fifth Third Bank 250 W. Main St. Lexington, KY 40507 (859) 455-5353 www.53.com

$1,177,649

11.56

13

1,160

$106,988,550

SM

State

Mike Ash (City President)

4

Traditional Bank 2801 Palumbo Drive Lexington, KY 40509 (859) 263-2801 www.traditionalbank.com

$836,815

8.21

8

6

$382,658

NM

State

Bill Alverson (CEO)

5

PNC Bank 301 E. Main St. Lexington, KY 40507 (859) 281-5383 www.pnc.com

$780,396

7.66

14

2,467

$261,395,953

N

Federal

John Gohmann (President)

6

Kentucky Bank 339 Main St. Paris, KY 40361 (859) 467-1939 www.kybank.com

$517,024

5.07

10

7

$290,335

NM

State

Louis Prichard (President & CEO)

7

Branch Banking & Trust Co. 360 W. Vine St. Lexington, KY 40507 (859) 281-2120 www.bbt.com

$406,448

3.99

7

1,964

$166,307,548

NM

State

Tom Eller (Regional President 2, Kentucky Region)

8

Community Trust Bank, Inc. 100 E. Vine St. Lexington, KY 40507 (859) 389-5350 www.ctbi.com

$402,203

3.95

11

69

$2,920,972

SM

State

Larry Jones (Central Region President)

9

United Bank and Trust Co. ** (WesBanco Bank, Inc.) 110 W. Vine St., Lexington, KY 40507 (859) 253-2605, www.wesbanco.com

$359,439

3.53

13

21

$1,001,262

SM

State

Jeff Koonce (Market President)

10

Whitaker Bank 2001 Pleasant Ridge Drive Lexington, KY 40509 (800) 650-0099 www.whitakerbank.com

$301,536

2.9

8

27

$743,109

SM

State

Tom Hinkebein (President & COO), Elmer Keith Whitaker (CEO)

11

Republic Bank & Trust Company 641 E. Euclid Ave. Lexington, KY 40502 (859) 255-6267 www.republicbank.com

$249,632

2.45

6

39

$3,322,999

NM

State

Todd Ziegler (Market President)

12

Bank of the Bluegrass & Trust Co. 101 E. High St. Lexington, KY 40507 (859) 233-4500 www.bankofthebluegrass.com

$214,396

2.1

2

0

$0

NM

State

Mark Herren (CEO) Bill Allen (President)

13

Bank of Lexington 761 Corporate Drive Lexington, KY 40503 (859) 219-2900 www.bankoflexingtonky.net

$203,606

2.0

3

0

$0

NM

State

Craig Dunn (President)

14

Citizens Commerce Bank 534 Marsailles Road Versailles, KY 40583 (859) 879-9455 www.citizenscommerce.com

$176,247

1.73

4

1

$24,050

NM

State

Mark Yates (Lexington Market President) Michell Oxley (President & CEO)

15

Peoples Exchange Bank 901 Richmond Road Lexington, KY 40502 (859) 255-8193 www.pebank.com

$163,253

1.6

5

5

$144,031

NM

State

Charles Beach, III (Chairman), Tony Parrish (President & CEO)

16

U.S. Bank National Association 2020 Nicholasville Road Lexington, KY 40503 (859) 232-8181 www.usbank.com

$159,156

1.56

6

3,125

$320,793,709

N

Federal

Perry Allen (Regional President)

s

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19

Banks Local institutions ranked by total deposits inside of market

Rank

Bank Name Address, Phone Website

Figures from June 30, 2018

Deposits (Inside of Market) as of 6/30/2018 (Figures in Thousands (000â&#x20AC;&#x2122;s)

Market Share Percentage

Branches In MSA

Branches Outside of MSA

Outside Market Deposits

Bank Charter Class

Charter Type

Top Local Official

17

City National Bank of West Virginia 318 E. Main St. Lexington, KY 40507 (859) 367-3700 www.bankatcity.com

$123,628

1.21

3

83

$3,328,695

N

Federal

Bill Craycraft (Lexington Market President)

18

The Farmers Bank 110 E. Brannon Road Nicholasville, KY 40503 (859) 971-1180 www.fnbky.com

$121,723

1.19

4

0

$0

NM

State

Bruce Marshall (President)

19

Guardian Savings Bank 501 Southland Drive Lexington, KY 40503 (859) 263-3335 www.guardiansavingsbank.com

$102,827

1.01

2

9

$713,122

SB

Federal

Rick Burkhart (President)

20

Forcht Bank 2404 Sir Barton Way Lexington, KY 40409 (866) 523-1445 www.forchtbankky.com

$105,021

1.03

3

22

$745,617

N

Federal

Tucker Ballinger (President & CEO, Lexington Area)

21

WinFirst Bank 57 S. Main St. Winchester, KY 40391 (859) 744-1900 winfirstbank.com

$95,191

0.93

2

0

$0

SB

Federal

Karen F. Gregerson (President & CEO)

22

First Southern National Bank 3060 Harrodsburg Road Lexington, KY 40503 (859) 223-3743 www.fsnb.net

$75,258

0.74

2

13

$679,509

N

Federal

Rockie Mason (Community President)

23

Limestone Bank 2424 Harrodsburg Road, Ste. 100 Lexington, KY 40503 (859) 296-4822 www.limestonebank.com

$63,552

0.62

1

15

$788,348

NM

State

John T. Taylor (President & CEO)

24

Town Square Bank ** (City National Bank of West Virginia) 150 S. Main St. Nicholasville, KY 4035 (859) 881-8266

$63,236

0.62

1

8

$312,058

SB

Federal

Michelle Beurger (Branch Regional Manager)

25

South Central Bank 386 Waller Ave., Ste. 110 Lexington, KY 40504 (859) 223-0170 www.southcentralbank.com

$35,209

0.35

1

23

$961,357

NM

State

Bill Felther (President-Lexington)

26

German American Bank ** 2352 Sir Barton Way Lexington, KY 40509 859-899-8880 www.germanamerican.com

$33,619 *

0.33

2

63

$3,066,066,000

NM

State

Lesley Fluke (Lexington Market Executive)

27

Old National Bank 110 W. Vine St., Ste. 100 Lexington, KY 40507 859-825-6072 www.oldnational.com

$27,988

0.27

1

188

$12,640,691

N

Federal

Deana Eckert (Branch Manager)

28

WesBanco Bank Inc. ** 110 W. Vine St. Lexington, KY 40507 (859) 253-2605 www.wesbanco.com

$25,388

0.25

3

175

$7,644,063

NM

State

Jeff Koonce (Market President)

Source: Information was obtained from the U.S. Federal Insurance Corpâ&#x20AC;&#x2122;s (FDIC) web site, the FDIC annually updates occurs in June ( June 30, 2018) and the deposits inside of market ( minimun $25,000 ($000)), market share percentage, branches inside/outside of MSA, total assets, net loans/leases and liabilities, and representatives of listed banks and their websites. Key: Bank Charter Class: N= national Bank, SM=Federal Reserve member, SA=Saving Association, SB= FDIC Saving Bank, MSA=Metropolitan Statistical Area, HQ=Headquarters, WND= Would Not Disclose, NA= Not Available, NPR=Not Previous Ranked. Footnotes: * These figures are the first quarter of 2019. ** United Bank & Capital Trust Company merged without assistance into WesBanco Bank, Inc. - Aug. 20, 2018. ** German American (First Security Bank) merged without assistance into German American Bank - Oct. 15, 2018. ** Towne Square merged without assistance into City National Bank of West Virginia - Dec. 7, 2018.

20

JUNE 2019

WWW.BUSINESSLEXINGTON.COM

BusinessLeads Bids For more bids, RFPs and quotes that did not fit the press deadline, visit http://lfucg.economicengine.com.

LFUCG is seeking Bids for printing and mailing services - sewer, landfill services and water quality fees.

Request No. Bid 52-2019 Addendum 1. Contact 856-258-3320, deadline 5/23/2019.

LFUCG is seeking Bids for polymer flocculants for treatment plants.

Request No. Bid 51-2019 Addendum 2. Contact 856-258-3320, deadline 5/23/2019.

LFUCG is seeking RFPs for government center building elevator evaluation design services. Request No. RFP-18 2019 Addendum 1. Contact 856-258-3320, deadline 5/24/2019.

LFUCG is seeking Bids for a triple combination pumper. Request No. Bid 57-2019. Contact 856-258-3320, deadline 6/5/2019.

Conventions June 5-7 Annual 201 Kentucky State Fire School: Kentucky Firefighters Association. Hotel rooms available at Hilton Lexington/Downtown. 500 people expected.

June 8-13 90th Annual Convention: Kentucky Association FFA. Various hotel rooms available throughout Lexington. 1,800 people expected.

June 18-23 2019 Extreme Mustang Makeover.

Hotel rooms available at Four Points at Sheraton. 2,500 people expected.

Commercial Building Permits R & B Holdings, commercial new construction, 1803 Georgetown Road.

Wal Mart Real Estate Business Trust, commercial remodel, 500 W New Circle Road suite 100.

BS Property, commercial remodel permit, commercial remodel, 601 N limestone Street.

Ahlulbayt Center of Lexington, commercial general, 1451 Bryan Avenue.

McDonald’s, commercial new construction, 357 S Limestone.

Commonwealth of Kentucky, commercial new construction, 408 Pennsylvania Court.

Dawahare S F Estate, comercial general, 1249 E New Circle Road.

Mountain Restaurants LLC, commercial new construction, 2270 Elkhorn Road.

Commercial Loans CW Inv LLC From Eckman, Shane C for $42,500.

Deaton Enterprises LLC From Bank Of Lex for $48,750.

Rohe Prop LLC From Rose, Vivian for $72,603.

Homes Of The Bluegrass LLC From University Of Ky Fed Cr Un for $75,445.

Positive Growth LLC From Mischner, S James for $80,000.

Dynamo Prop LLC From Bp Funding Group LLC for $85,000.

Leathan Prop LLC From Ailesbury Holdings Ltd for $90,000.

Yallarhammer LLC From Mnd Holdings LLC for $90,629.

Hq Inv LLC From Peoples Exchange Bank Inc for $92,800.

Watts Inv LLC From Surepoint Equity LLC for $93,600.

Eckman Prop LLC From Bank Of Hindman for $100,000.

Kenwick Rental Homes LLC From Mischner, S James for $102,000.

Lp Inv LLC From Citizens Commerce Bank for $105,000.

Phillips Inc From Bp Funding Group LLC for $105,000.

Walcott Prop LLC From Ailesbury Holdings Ltd for $105,000.

Construcat Homes LLC From University Of Ky Fed Cr Un for $106,000.

Bgv Prop LLC From Riley, Frank E Iii for $109,000.

Tsubaki Group LLC From Central Bank & Tr Co for $114,000.

A & A Bassett Prop LLC From Mischner, S James for $115000.

Central Ky Rental Homes LLC From Traditional Bank for $115,200.

Talcon Prop LLC From Bank Of Lex for $120,000.

Avery Prop LLC From Fifth Third Bank for $137,700.

A Brighter Future Inc From Wesbanco Bank Inc for $140,000.

Bennett Clark Prop LLC From Oxford Dev Co Inc for $150,000.

Lakes Edge Dev LLC From Bp Funding Group LLC for $168,000.

J T Barrett Land Holding LLC From Community Tr Bank Inc for $169,000.

Sisu Prop LLC From Peoples Exchange Bank for $176,000.

Crocus Prop LLC From South Central Bank Inc for $178,500.

Jht Prop LLC From Bank Of Hindman for $180,800.

Investments & Fin Planning LLC From City Natl Bank Of West Virginia for $181,745.

Bp Rental Homes LLC From Century Bank Of Ky Inc for $196,500.

Eckman Mgt LLC From Mischner, S James for $198,911.

Revitalex LLC From Bank Of Lex for $199,551.

Via Vitae Dev LLC From Traditional Bank for $218,750.

Aaa Htg Serv Inc From Central Bank & Tr Co for $225000.

Green Dev LLC From Pnc Bank Na for $225,000.

Kipberg Holdings LLC From Republic Bank & Tr Co for $233,000.

Haas Prop LLC From Bank Of Lex for $243,950.

Wayne Michael Prop LLC From Commercial Bank for $267,750.

Crumbaugh Prop LLC From Community Tr Bank Inc for $276,000.

Lp Constr LLC From 1st Tr Bank Inc for $289,000.

Savannah Lane Homes LLC From Traditional Bank for $289,400.

Boone Creek Prop LLC From Peoples Exchange Bank Inc for $300,000.

Db Homes LLC From Traditional Bank for $302,100.

Sth Enterprises LLC From Community Ventures Corp for $304,500.

Keeling Classic Homes LLC From Bank

Of Lex for $332,000.

Manies Family Prop LLC From Traditional Bank for $370,000.

Beskoko Holding Co LLC From Bank Of The Bluegrass for $420,000.

Dp Rentals LLC From Wilson & Muir Bank & Tr Co for $480,000.

Maynard Bldr Inc From Bank Of Lex for $484,400.

Greybird Prop LLC From Central Bank & Tr Co for $496,000.

Hellyer Prop LLC From Bank Of The Bluegrass for $502,916.

Howard Taylor Inv LLC From Central Bank & Tr Co for $520,000.

Jimoto Holdings LLC From Traditional Bank for $549,000.

Sse Inc From Traditional Bank for $560,000.

Kb Land Co LLC From Central Bank & Tr Co for $568,694.

Commonwealth Designs Inc From Whitaker Bank Inc for $578,100.

Triad Group LLC From Bank Of Lex for $588,000.

1999 Richmond Rd LLC From Bank Of The Bluegrass for $680,000.

Vint Rental Prop LLC From Monticello Banking Co for $792,392.

Anderson Rr Zaxbys LLC From Citizens Bank Of Ky for $795,000.

Marnitz Interest LLC From Traditional Bank for $800,000.

4 Sons Inv Inc From Traditional Bank for $850,000.

Oxford Kdr LLC From Traditional Bank for $888,000.

Turner Prop 2 LLC From U S Bank Na for $918,149.

L & S Holding Co LLC From South Elkhorn Village LLC for $998,000.

James T Nash Bldr Inc From Traditional Bank Inc for $1,054,000.

Msj Lex LLC From Bank Of Lex for $1,480,500.

Elk Horn Farm LLC From Forcht Bank Na for $1,500,000.

Dos Eles LLC From Winfirst Bank for $1,593,000.

Lola & Lime LLC From Winfirst Bank for $1,593,000.

Tdt Prop Ltd From City Natl Bank Of West Virginia for $2,500,000.

Willie Wildcat LLC From Huntington Natl Bank for $2,700,000.

Morton Prop LLC From Bank Of Lex for $3,021,678.

Holly Enterprises LLC From Traditional Bank for $4,250,000.

Briggs Prop LLC From Central Ky Fed Sav Bank for $6,756,480.

Fountains At Palomar LLC From Traditional Bank for $11,000,000.

Abd Holdings LLC From Central Bank & Tr Co for $25,750,000.

Alltechs Beverage Div LLC From Central Bank & Tr Co for $25,750,000.

Core Lex 685 Limestone LLC From Great Southern Bk-Agent for $44,000,000.

Hit Portfolio I Misc Trs LLC From Morgan Stanley Bank Na for $870,000,000.

New Business Licenses Acctg/Bookkeeping Svc | Ac Essentials LLC, owned by Daniel A King, 859608-2945.

Adm Svc | Woodford Adm Svc LLC, owned by Carolyn Woodford, 859338-1498.

Admin Business Management | Sm Consulting LLC, owned by Sherita

SPECIAL EVENT SITE SERVICES

PORTABLE RESTROOMS

NOW OFFERING FENCE & BARRICADE RENTAL

RESTROOM TRAILERS

Miller Owner, 788 Burgess Ave Lex, 502-472-4537.

Apartment Complex | Cf Lex Venture LLC, 859-368-0177.

Art & Design | Savannah College Of Art, owned by Paula Wallace, 2444 Treeline Way, 912-525-6160.

Banking | Monticello Banking Co, 997 Governors Lane 125, 606-348-8411.

Bar | Rugged Cross LLC, owned by Rebecca A Richter, 117 N Limestone Lex, 859-494-4139.

Broker Third Party Logidt | High Jump 92 LLC, owned by Jeffrey Richards, 201-615-7790.

Call Center | Ddp Dmo Holdings LLC, 266 E Short St, 727-800-8050.

Car Wash | Erop LLC, owned by Daniel Dougherty, 2637 Richmond Rd Lex, 217-620-6118.

Care Giver | Lexington Caregivers LLC, owned by Mica Guillaume, 701 Sunny Slope Trace, 859-552-8121.

Catering | Jacked-Nutrition LLC, owned by Jessica Jackson, 859-3592052.

Coffee Shop | Old School Coffee LLC, owned by Matthew Burton, 380 S Mill St Ste 201 Lex, 859-576-5720.

Comm Cleaning | Heard, Jessie LLC, owned by Jessie Heard, 859-967-9421.

Commercial Rental | Toc Properties LLC, owned by Michael A Green, 1210 Manchester St Lex. Construction | Hadley Construction LLC, owned by Jason Hadley, 5407 Jacks Creek Pike Lex. Consulting | Aminevent LLC, owned by Andrzej M Wala, 4796 Pleasant Grove Rd Lex, 859-271-4693.

Consulting | Vox Populi LLC, 859-9530094.

Contracted Food Svc | Bon Appetit Mgt Co, owned by Richard Rossitch, 704-328-5029.

Cosmetology/Salon | Kylee Jean Beauty LLC, owned by Kylee Miller, 2548 Larkin Rd Lex, 859-893-4888.

Cross Country Employee Re | Advantage Tank Lines LLC, owned by Bruce Blaise, 800-969-5419.

Decorative Concrete Curbi | Custom Edge Concrete Inc, owned by James Patrick Mckenzie, 4753 Willman Way Lex, 833-287-2539.

Drywall | Tommy Cope Drywall LLC, owned by Tommy Cope, 859-6615189.

Electrical Contractor | Prestige Services Inc, owned by Vince Bessler, 859-3718960.

Engineering Consulting | Mattingly Engineers LLC, 10622 Worthington Ln, 502-550-3349.

Equip Rental | Thomas Adventures LLC, owned by Eric Thomas, 859-983-2564.

Event Solutions | Ecs LLC, owned by Isaac Fedyniak, 509 Blue Sky Parkway Lex, 859-806-3207.

Facilties Maintence | Moyer Industries Inc, owned by John Moyer, 937-8327283.

Fencing Constr | Aes Contracting LLC, 859-492-8058.

Gas Station | Zenith Petroleum 5 LLC, 502-545-8053.

Gen Contractor | 550 Construction LLC, owned by Bradley Richards, 205879-6161.

General Construction | Had Construction Inc, owned by Anthony Riggle, 1532 N Limestone #2140 Lex, 859421-1451.

General Construction | Kaar Properties Inc, owned by Anthony Riggle, 1532 N Limestone #2140 Lex, 859-421-1451.

Hair Salon | Styled By Alexion LLC, owned by Alexion Dunn, 859-5504481.

Health Care | Navihealth Inc, owned

by Ronald C Richards, 210 Westwood Place # 400, 615-577-1900.

Holding Co | Hdre Holding LLC, owned

by John Burnett, 656 Bizzel Dr Lex. Horse Racing | Rider Racing LLC, owned

by David M Rider Jr, 859-803-0706.

Hvac | Allstate Mechanical LLC, owned

by Terry Hoke, 2815 Rockford Lane Louisvill, 502-387-5044.

Hvac | R & R Refrigeration, Inc, owned

by Nelson Rex Wells, 270-597-2116.

Interior Design | Li & Ly Interiors LLC, owned by Kelly Reynolds, 3913 English Oak Cir, 859-327-4532.

Internet Commerce | Smiley Time LLC, owned by Todd Spivey, 2308 Valencia Dr Lex. Investments | Bhb Enterprises LLC, owned by John Burnett Pres, 656 Bizzell Dr Lex. Janitoral | Corporate Cleaning Ky, owned by Lori Handy, 95 Pinckard Pike Versaille, 859-983-1919.

Janitorial | Moungazi Enterprise LLC, owned by Hugues Moungazi, 1745 Millbank Rd Lex, 859-368-2095.

Jewelry Crafting/Sales | Bb Hadley Creations LLC, owned by Russell Sizemore, 3667 Walden Dr Lex, 859229-0205.

Landscaping | Seans Lawns LLC, owned by Robert Sean Howard, 859509-1811.

Lawn Care | Greenview Lawn Care LLC,

owned by Michael Asay, 4101 Tates Creek Cntr Dr 150, 859-321-8080.

Leather Crafting | Baron Leather Co Llp, owned by Shannon Zahurance, 970-456-3392.

Mech Hvac | Imssp LLC, owned by Mark Mosley, 9733 Plainfield Rd Ste A, 937-853-3733.

Media Co | Scripps Media Inc, owned

by Adam P Symson, 1065 Russell Cave Rd Lex, 513-977-3000.

Medical Service | Moon, Sarah Md Pllc, owned by Sarah E Moon, 4101 Tatescreek Centr 150-13.

Medical Waste Disposal | Camp For Life LLC, owned by Scott Hall Pres, 419-651-2514.

Mental Health Therapy | Eap Therapy LLC, owned by Elisha Klaiber, 463 Patchen Dr Lex, 859-595-9913.

Painting | Juanitas Painting LLC, owned

by Juanita Boone, 432 Applegrove Dr Nicholasv, 859-333-2979.

Painting And Cleaning | Ngh Painting LLC, 1015 Bryan Ave, 859-327-4208.

Passive Real Estate | Dmbfrd LLC, owned by Mark Rubin, 2901 Richmond Rd Ste 140-348, 859-269-8890.

Patent/Innovation | Movetones LLC, owned by Kevin D Donohue, 859575-9367.

Payroll Only | Autodata Solutions Inc, owned by Craig Jennings Pres, 3310 W Beaver Rd Ste 300 Troy, 519-451-2323.

Personal Chef Service | Moore Thyme LLC, owned by Barbara Pettibone Moor, E, 859-361-0660.

Personal Secuiryt | H3 Security LLC, owned by William E Hamilton, 859351-8860.

Pharm Consultant | Namso Consulting LLC, owned by Jeffrey L Osman, 859523-9404.

Photography | Little Film LLC, owned by Emily Giancarlo, 382 Sherman Ave Lex. Physical Therapy Practice | Movement Health Network, owned by Michael Nelson Caudill, 160 Moore Dr Suite 209, 859-379-9446.

Promotional Consulting | Kentucky Taste Buds LLC, owned by Tamara Schineider, 1890 Star Shoot Pkwy Ste 170, 859-361-6427.

Prot Mgmt | Relevate Properties LLC, owned by Eddie Sorrell, 2109 Walsh Ct, 859-488-1431.

Quick Svc Rest | Arltc LLC, owned by David Gary Hall, 404-305-7592.

Real Est | Metropolis Prop LLC, owned

by Ryah A Hay, 415-722-7763.

Real Estate | 232 Waller LLC, owned

by David C Johnson, 813 S Main St Versailles.

Real Estate | Brokerage, The LLC, owned by Gregory D Back, 505 Wellington Way Ste 175a.

Real Estate | Double A Investments, owned by Bilal Ahmad, 2736 Red Leaf Dr Lex, 859-433-1964.

Real Estate | Hagedorn, Ciara LLC, owned by Ciara Hagedorn, 3221 Summit Square Place Lex, 859-977-0000.

Real Estate | Kerenore Ii LLC, owned

by Amit Goldberg, 1031 Wellington Way #210.

Real Estate | Kerenore Iii LLC, owned

by Amit Goldberg, 859-513-1772.

Real Estate | Kerenore LLC, owned by Amit Goldberg, 1031 Wellington Way #210.

Real Estate | Looking Glass Properties, owned by Jill Walker, 5167 Briar Hill Rd, 859-254-4428.

Real Estate | Montgomery Wells LLC, owned by Charles Montgomery, 1498 Leesburg Pike Georgetow.

Real Estate | Passco Fritz Farm Dst, 949-263-7938.

Real Estate | Rml Capital Holdings, owned by Grant Ostrunder, 341 N Mlk Blvd Lex, 859-421-0226.

Real Estate Rental | Nsc Investments LLC, owned by Nancy S Craft, 3054 Breckenwood Dr Lex, 859-276-4289.

Real Estate Rental | United Realty Group LLC, owned by Antoin Hana, 232 Grassland Park Lex. Real Estate Sales | Lrd Real Estate LLC, owned by Lisa C Dickens, 110 Walden Way Nicholasvill, 859-806-2481.

Real Property | Shive Properties LLC, owned by Ryan Michael Shive, 2137 Shaker Run Rd Lex, 859-214-6052.

Realtor | Kch Realty LLC, owned by Kristine C Hoskins, 146 Arbor Grove Cir Gtown, 502-542-1387.

Recievable Cllection | C & M Debt Recovery, owned by Brad Scott, 859281-1320.

Rental | Dempsey Family Trust, owned

by Jennifer M Griffin, 2205 S Main Hopkinsville.

Rental | Dms Holdings LLC, owned by David Stout, 859-225-5227.

Rental | Friendly Properties LLC, 802715-1322.

Rental | Jaslane Investments LLC, owned by James E Powell, 2620 Idlewood Dr Lex, 859-224-2252.

Rental | Paynter Properties LLC, owned

by Joni Paynter, 109 Wellesly Ave Gtown, 270-316-9314.

Rental Property | 6716 LLC, 1845 Blairmore Ct Lex, 859-321-1152.

Rental Real Est | 109 Mercer LLC, owned by Thomas D Dean, 859-2691385.

Rental Real Estate | Dalton Development LLC, owned by Paul Dalton, 470 Huntington Ct Lex, 859-338-0466.

Rental Real Estate | Ikard Properties LLC, owned by Harold Ikard Ii, 2709 Ashbrooke Dr Lex, 859-592-8065.

Rental Real Estate | Ohp Bluegrass LLC, owned by Gary E Holland Jr, 2850 Richmond Rd Lex, 859-371-3040.

Rental Real Estate | Starlight LLC, owned by Melia Hord, 3533 Mcnair Way Lex, 859-351-3661.

Rentals | Cph Industry Partners Ll, owned by Carrie Patterson, 432 Kingswood Dr Lex. Restaurant | Santa Fe Taqueria LLC, owned by Luis A Jimenez, 2350 Woodhill Dr #168 Lex, 859-285-3764.

Retail | Fine2fashion LLC, owned by Kaushal P Kothari, 718-608-6226.

Retail | Rnb LLC, owned by Ronli Babichev, 4057 Mooncoin Way 15205 Lex. Retail Grocery/Conv | Crossroad Iga #761, owned by James P Gipson Ceo, 2656 Abigail Way Lex Ky, 859-4559122.

Retail Packaged Usda Food | Homestead Steaks LLC, 3401 Nicholasville Rd, 417-793-5235.

Retail Sales | G Soul Essentials, 757 Rambling Creek Dr, 859-913-4368.

Retail Store | Transform Sr LLC, owned

by Robert A Riecker, 162 E Main St, 770-688-9726.

Safety Consulting | Arm Safety LLC, owned by Elizabeth Morgan Tacke, Tt 3600 Timberwood Lane Lex, 859797-2144.

Safety Training Sales | Fire Industrial Response, owned by Doug Hargreaves, 105 Winners Circle Gtown, 859-9831716.

Sales | Charlies Bc LLC, owned by Albert W Helton, 2021 Blackhorse Lane Lex, 859-270-0444.

Sales | Daniel Group LLC, owned by Leighanne Daniel, 1161 Red Mile Rd Lex, 859-230-4735.

Sales | Fantaics Retail Group, 904899-4799.

Sales | Forr Med LLC, owned by Stacy B Forrester, 358 Cochran Rd Lex, 478808-5055.

Scientific Research | Racing Testing LLC, owned by Mary Jane Peterson, 207-852-3318.

Short Haul Trucking | Wright Trucking Inc, owned by Greg Wright, 606-9755001.

Software Company | Embarcadero Tech Inc, 713-285-5326.

Spec Rretailer | Cost Plus Of Ky Inc, owned by Jane Baughman, 2321 Sir Barton Way #1600, 900-0000.

Specialty Contractor | Rsq Fire Protection LLC, owned by Brittney Turner Cfo, 1445 Brookville Way Ste R In, 317-359-5411.

Stylist | Hair By Ramissa LLC, owned

by Ramissa Thomas, 2627 Regency Rd Lex. Television Broadcasting | Gray Media Group Inc, owned by Robin Collins, 2851 Winchester Rd Lex, 334-2061514.

Temp Staffing | Zempleo Inc, owned by Sabrina Chisholm, 3800 Nicholasville Rd, 925-913-4168.

Temp Staffing Serv | Amn Staffing Services LLC, owned by Susan R Salka, 800 Rose St Lex, 859-792-0711.

Tool Sales | Jr Premium Tools LLC, owned by Jeremy Cox, 859-575-7080.

Tour Provider | Horse And Barrel Tours, owned by David A Owen, 1091 E New Circle Rd Lex, 859-286-9230.

Towing Vehicles | Non-Stop Towing & Recove, 100 Glass Ave, 859-229-7411.

Transport Cargo Delivery | Tajuana Brake Stics, owned by Chris Hamm, 859-494-0539.

Travel Management | Mass Lodge LLC, owned by Brandon K Stocks, 3175 Custer Dr #300.

Travel Tours | Resonate Tours LLC, owned by Ryan Alexander Hay, 310 Hampton Ct Apt 4 Lex, 415-722-7763.

Underground Contractor | Cornhurst LLC, owned by Homer Hurst, 606286-0387.

Veterinarian | Mcmaine, Lynne Dr, owned by Dr Lynne Mcmaine, 304 Springhill Rd Danville, 859-583-9618.

Veterinary | Blue Oak Veterinary Pllc, owned by Kaley A Seitz, 845-464-2291.

Water Fire Restoration | Cherry Ridge Constructio, owned by Kent Weed, 2008 D Park Central Ave Nich, 859885-1502.

Wedding Invitations | Simply Done Invites LLC, owned by Rebekah Stivers, 2390 Woodhill Dr Lex. Wholesale Products | Vapor City LLC, owned by Shahab Lgbal, 393 Waller Ave #3 Lex Ky, 832-618-6881.

Witness Development | Gordon Investigative Gr, owned by Matthew Gordon, 305-898-1082.

Woodworking | Williams Vintage, owned by Bruce L Williams, 2195 Bowen Rd Stanford Ky, 606-282-2775. BL

WORLD CLASS SERVICES RIGHT IN YOUR NEIGHBORHOOD.

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22

JUNE 2019

WWW.BUSINESSLEXINGTON.COM

Who’sWho New Hires & Promotions Content management leader for the architecture, engineering, construction, and operation industry AVAIL announced the hiring of Kent Lewis as its director of customer success.

Kentucky Bank has added a new mortgage loan originator, Eric Adams, to the Fayette County market.

Christian Flights International has announced the hiring of Shannon Conforti as the organization’s new executive director.

Christopher E. Anderson, a highly regarded Lexington-based certified public accountant, has joined the Bluegrass Institute board of directors as treasurer of Kentucky’s first and only free-market think tank.

The Breeders’ Cup has named Christopher McNamara as the new senior vice president, corporate partnerships.

Lexington-Fayette County land use advocacy non-profit Fayette Alliance has named Brittany M. Roethemeier, J.D., as the organization’s executive director.

Rose Grasch Camenisch Mains PLLC has elected attorneys Melissa Anne Stewart and H. Derek Hall as members of the firm.

Kentucky Employers’ Mutual Insurance (KEMI) has selected Mark Bunning to serve as chief financial officer.

Hammond Communications Group, the Lexington based multimedia production and digital signage company, has announced that Craig Miller has been promoted to president.

Transylvania University President Seamus Carey announced that incoming vice president for campaign initiatives Steve Angelucci will serve as the interim vice president for advancement beginning in June.

Jennifer Drennan has been named president, Lexington market of Field & Main Bank.

NAI Isaac Commercial Properties has welcomed Kerri Sadler to its accounting department.

Lexington-based engineering/architecture design firm GRW has named Cory Sharrard, PE, LEED AP, as the firm’s new director of mechanical engineering.

Columbia Gas of Kentucky has announced that Kimra H. Cole has been named president and chief operating officer.

Keeneland officials have announced two additions to the executive leadership team: Christa Marrillia is vice

EMPLOYMENT NEWS AND AWARDS IN THE BLUEGRASS REGION

president and chief marketing officer; and Marc Therrien is managing director of Keeneland hospitality.

Lexington Marriott City Center and Residence Inn Lexington City Center have announced the following new hires: Mia Wirkus has been named sales manager; Ricky Carpentieri has been named director of food and beverage; and Michael Keicher has been named front office manager.

LEWIS

ADAMS

CONFORTI

ANDERSON

MCNAMARA

ROETHEMEIER

STEWART

HALL

BUNNING

MILLER

ANGELUCCI

DRENNAN

SADLER

SHARRARD

COLE

MARRILLIA

THERRIEN

WIRKUS

CARPENTIERI

KEICHER

BEAM

MOORE

FELDMAN

CHWASZ

HUGHES

WEAVER

COOPER

CENTERS

KING

DOWNEY

BRINSON

PAYNE

POPHAM

LORENZEN

Attorney Josh Beam has joined the team of attorneys in McBrayer’s Lexington office.

Traditional Bank has welcomed senior vice presidents commercial loan officers Zachary Moore and Mike Feldman to the bank’s Frankfort offices.

CLARK Material Handling Company, a top 10 global manufacturer of forklift trucks and spare parts, has appointed Charlie Chwasz as North American national aftermarket parts sales manager.

Omni Architects has announced the addition of Addison Hughes to its design staff.

The Kentucky Equine Education Project (KEEP), announced five new individuals were added to the KEEP board of directors: Sean Beirne, Debra Hamelback, Carl McEntee, Ted Nicholson and Dr. Andy Roberts.

Rodney Weaver has been named the regional executive officer at Monticello Bank for the Lexington and Nicholasville markets. The bank announced the these recent hires at the Lexington Beaumont location: Ryan Cooper, senior executive officer; Charlesetta “Charlie” Centers, branch operations manager; Tiffany King, head teller; and Karey Downey, financial service representative I. Monticello Bank’s Nicholasville branch aslo announced the following new hires: Stephen Brinson, branch manager III; Chad Payne, financial representative II; and Tara Popham, branch operations manager.

Kudos GRW, a locally based, nationally recognized engineering, architecture and geospatial design firm, was recently ranked in its field by Engineering News-Record, a publication for construction industry professionals. This is the 47th year in a row GRW has been named to the Top 500 Design Firms list.

Former NFL Quarterback and University of Kentucky Hall of Famer Jared Lorenzen has teamed with the Now Let’s Get Fit Foundation, Kroger and the Rajon Rondo Foundation for the 2019 Kentucky Health and Wellness Tour. The tour will kick off Saturday, May 18 at Kroger locations in Louisville at 12501 Shelbyville Road, Louisville Middletown store. The next day Sunday, May 19 will be in Lexington Kroger at 3101 Richmond

Road location. Both events are from noon-4 p.m.

Becker’s Healthcare has named Baptist Health Lexington to the 2019 edition of its list of “100 great hospitals in America.” The hospitals included on this list have been recognized nationally for excellence in clinical care, patient outcomes, and staff and physician satisfaction.

Lexmark, a global imaging solutions

WHO’S WHO FOR YOU?

leader, has won the prestigious 2019 Printer/MFP Line of the Year award from Keypoint Intelligence — Buyers Lab (BLI), the world’s leading independent evaluator of document imaging hardware, software and services. According to Keypoint Intelligence, the award is based on the strength and breadth of the range of Lexmark’s printers and MFPs tested.

All 13 Lexmark products tested for the Winter 2019 season earned Buyers Lab’s “Highly Recommended” rating and won Pick awards. BL

Submit your company’s recent hirings, promotions, and awards for listing in the Who’s Who section of Business Lexington.

Email a press release and photo to info@bizlex.

Community Banking Since 1895 Monticello Bank Now in Lexington & Nicholasville The directors, management and staff of Monticello Bank are excited to serve the banking and community needs of Lexington and Nicholasville, KY. We offer a full line of commercial and personal banking services.

Please stop by and let us explain how you can grow with us.

Beaumont - Lexington 997 Governors Ln., Ste 125 Lexington, KY 859-268-2410

Bellerive - Nicholasville 104 Springdale Drive Nicholasville, KY 40356 859-724-4180

www.mbcbank.com

e th e v Sa Date!

STATE OF DOWNTOWN PRESENTED BY REPUBLIC BANK

JUNE 19, 2019 | LEXINGTON OPERA HOUSE DOORS OPEN: 4PM | PROGRAM: 4:30PMâ&#x20AC;&#x201C;5:30PM The State of Downtown Lexington will present economic indicators benchmarking the health of downtown including data on development pipeline, street level occupancy and rental rates, office market, convention and hotel, event attendance, residential market and other relevant stats. Following the presentation, attendees will have an opportunity to network and meet the speakers while enjoying complimentary beer, wine, and hors dâ&#x20AC;&#x2122;oeuvres.

Tickets are $30 and available at www.downtownlex.com.

DOWNTOWN LEXINGTON MANAGEMENT DISTRICT

SPONSORED BY:

Business Lexington

RECOMMEND LEX The great thing about VisitLEX is it’s a one-stop shop. You can just go to them and say, ‘This is what I have going on for my meeting,’ and they will help you find solutions so you don’t have to worry about it.

Terry Keys | UK Markey Cancer Center

Paid in part by the KY Department of Tourism

Do you love Lexington? Are you a member of an organization that hosts annual meetings or conventions? Recommend Lexington, KY for your next event and let us help you bring it home!

Learn more or get in touch with a VisitLEX representative today Meetings@VisitLEX.com | VisitLEX.com/recommendlex