Second quarter turning point for United Community Banks
United Community Banks, Inc. (NASDAQ: UCBI), which has an office on Johnson Square in Savannah, Thursday reported net income of $230 million, or $3.90 per share, for the second quarter of 2013 and $242 million, or $4.05 per share, for the first six months of 2013.
“The second quarter events mark the final phase of our recovery from the financial crisis that has affected so many banks throughout the country and especially within our footprint,” said Jimmy Tallent, president and chief executive officer. “We can now devote full attention toward growing our business and increasing the value of our shareholders’ investments.”
Tallent said achieving quality loan growth remains a top priority despite continued challenges with a sluggish economy.
“We are accomplishing this objective by adding lenders strategically, including in our vibrant new markets of Greenville, South Carolina and Nashville, Tennessee,” he said.
Yoga studio moves to new quarters
Savannah Power Yoga is moving to a new location in Norwood Market, 7360 Skidaway Road, Unit J3, on Monday.
The yoga studio is moving from quarters in the main part of the shopping center into a larger space in a recently constructed out-parcel. The space covers 2,280 square feet, almost double the size of the studio’s present location.
For more information and the class schedule, visit www.savannahpoweryoga.com or contact Stephanie Mobley at 912-507-9548.
Agribusiness conference coming to Savannah
Farmers and agricultural businesses from around the country will gather Sept. 25-26 in Savannah at the 2013 International Agribusiness Conference and Expo, hosted by the University of Georgia and Georgia Southern University.
Early registration ends July 30.
“We see this very much as a growing market,” said Mark Troughton, global accounts executive at the Georgia Ports Authority. “One thing this country does very well is farm. We think we’re going to be the breadbasket for a lot of areas in the world, not just our area, for the next 20 years.”
While the Port of Savannah is already number two in the nation for export tons, the Georgia Ports Authority hopes to double its capacity within the next decade.
Georgia is the top exporter of U.S. poultry, pecans and wood pulp, and Savannah leads the nation in exporting poultry, the state’s most valuable commodity according to the 2011 Georgia Farm Gate Value Report.
Early registration for the conference is $170. For more information and to register, see www.iace.us.com.