Public invited to 2013 Home Buyers’ Fair
First-time home buyers and those interested in learning more about purchasing a home are invited to attend the 2013 Home Buyers’ Fair from 9 a.m.-noon Saturday at the Aaron L. Buchsbaum Learning Center, 1120 May St.
Prospective home buyers will learn step-by-step about understanding credit, securing financing and related help, shopping for and closing on a home.
Registration will begin at 8:30 a.m. For more information, call 912-238-2960, ext. 144 or ext. 145.
Southern Co.’s 1Q profit falls on cost overruns
ATLANTA — Cost overruns at a plant under construction in Mississippi pulled down first-quarter profit for Southern Co., the Atlanta-based electric utility said Wednesday.
The company earned $81 million, or 9 cents per share, for the first three months of the year, compared to $368 million, or 42 cents per share, in the first quarter of 2012.
Southern Co. said the results include two major charges against its earnings.
The largest was a $333 million after-tax charge related to increased construction costs for a project in Mississippi where the price tag has risen to about $3.42 billion from $2.88 billion.
Southern Co. also recorded a charge of $16 million tied to the restructuring of a leveraged lease investment during the quarter.
Local boutique featured at ThincSavannah
ThincSavannah, a collaborative work space in downtown Savannah, recently added “ThincLocal” to its ongoing efforts to promote local entrepreneurs, businesses and economic development in Savannah.
“Each month, ThincLocal will feature a new entrepreneur, product, artist and a range of unique, locally owned and operated businesses at ThincSavannah,” said Summer Teal Simpson, creative and social director at ThincSavannah.
In April, local boutique Lovelane Designs has been featured. For more information, go to www.lovelanedesigns.com.
Ameris Bancorp reports first quarter results
Ameris Bancorp (NASDAQ-GS: ABCB) Wednesday reported net income of $5.3 million for the first quarter of 2013, down slightly from $5.4 million a year earlier.
Net income available to shareholders was $4.8 million for the quarter that ended March 31, compared to $4.6 million for the quarter a year earlier.
“We are pleased with the financial results for the first quarter of 2013 and believe we have the positive momentum we need to reach our goals for the year,” said president and CEO Edwin W. Hortman Jr.
He said financial results for the first quarter did not fully include expected savings from a recent announced restructuring.
Ameris Bancorp, with three branches in Savannah, is headquartered in Moultrie.