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Business

  • CUB released from consent order

    Citizens Union Bank, which has been under the scrutiny of state and federal banking regulators because of problem loans since 2010, has been cleared to move forward.

    The Federal Deposit Insurance Corp. and the state Department of Financial Institutions in Frankfort terminated a consent order imposed upon CUB in January 2010.

  • Tennessee company acquires U.S. Cavalry

    A Tennessee company has assumed ownership of U.S. Cavalry Store Inc. in Radcliff after the company filed Chapter 11 Bankruptcy to reorganize debt earlier this year.

    ERMC Property Management Co., a privately owned facilities services company headquartered in Chattanooga, Tenn., took control July 23 of U.S. Cavalry, according to an emergency management agreement filed in U.S. Bankruptcy Court for the Western District of Kentucky. U.S. Calvalry is a retailer that equips military and law enforcement officials with boots, packs, uniforms and tactical gear.

  • Focus on finance: Roth IRA vs. Roth 401(K)

    Question: It is my understanding I may be able to invest in a Roth 401(K). Is that true?

    Answer: For many years people have been able to invest in their own personal Roth IRA accounts, but not inside their company’s 401(k) plan.  Recent legislation has made that possible.

  • Despite loss, First Financial stresses improvement

    The parent company of First Federal Savings Bank reports improved credit quality in its second-quarter financial statement that shows a loss of $1.4 million or a decline of 29 cents per share.

    In its formal statement issued Friday, First Financial Service Corp. said its performance for the three months ending June 30 was improved from the net loss to common stockholders of $4.4 million for the same quarter in 2012.

    First Financial also reported a net loss of $1.5 million for the first six months of 2013, which is down from $5 million in 2012.

  • New fusion restaurant cooking up Latin vibes

    A restaurant specializing in Latin and Caribbean fusions will stake its second franchised restaurant in Elizabethtown.

    GRILLiT — which launched its first location in Miami in 2011 and focuses on custom cuisine such as crafted rice bowls, pasta, shrimp, wraps and salads — intends to open its Elizabethtown establishment by the end of September. The restaurant is under construction at the former Church’s Chicken on U.S. 62.

  • Focus on finance: Paying for college: Advice for entrepreneur parents

    Question: As a small-business owner, I worry a lot about paying college tuition for my sons. The funds we invested in 15 years ago that were supposed to double in size to pay their tuition dropped in value during the Great Recession. So how do small-business owners pay for college?

  • Radcliff McDonald's closes for remodeling

    A McDonald’s location that has been a fixture in Radcliff for nearly 40 years is temporarily closed for extensive remodeling.

    The restaurant at 110 S. Dixie Blvd. and Lincoln Trail Boulevard closed July 31 and will undergo a full renovation, according to a news release from McDonald’s.

    The location, which has been open since 1974, is pending demolition. Construction is expected to begin mid-August, according to the release.

  • Mulberry Florist lands award for quality products, service

    The News-Enterprise

    Mulberry Florist in Elizabethtown has received the Award of Quality Achievement from BloomNet, one of the floral industry's leading wire service providers.

    Located at 811 N. Mulberry St., Mulberry Florist won the award for floral products and customer service from the BloomNet Florist Quality Care Program, according to a news release.

     

  • Cox, SERVPRO of Hardin/LaRue Counties, earn award

    The News-Enterprise

    DeWayne Cox, owner of Servpro of Hardin/LaRue Counties, received the Director's Silver award for outstanding revenue performance during Servpro’s 44th annual convention June 17-21 in Anaheim, Calif.

  • Focus on finance: Bank On Central Kentucky explained

    Question: What is Bank On Central Kentucky?