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Oak Ridge Financial Services, Inc. Announces 2020 Results and Quarterly Cash Dividend of $0.06 .
Oak Ridge Financial ServicesFebruary 3, 2021 GMT
OAK RIDGE, N.C., Feb. 03, 2021 (GLOBE NEWSWIRE) Oak Ridge Financial Services, Inc. (“Oak Ridge”; or the “Company”) (OTCPink: BKOR), the parent company of Bank of Oak Ridge (the “Bank”), announced unaudited financial results for the fourth quarter and full year of 2020, and a quarterly cash dividend of $0.06 per share.
Fourth Quarter and Full Year 2020 Highlights
Earnings per share of $1.23 for 2020, down 39 cents, or 24%, from 2019; earnings per share of $0.38 for the three months ended December 31, 2020, down one cent, or 3%, from 2019;
OlgaLIS
As Mississippi banks deal with the second round of federal stimulus package, they feel they re better prepared and that this new round will help the economy. Also, along with the latest round of help, banks are continuing to work through the first Payroll Protection Program loan forgiveness with many borrowers. There s a change this time. To qualify for a second draw PPP loan, businesses have to show a 25 percent reduction in gross revenue.â
âThis new requirement will have an impact on the pool of eligible applicants,â says Gordon Fellows, CEO and president of the Mississippi Bankers Association. âWe think these loans will certainly be helpful to businesses that continue to struggle, but we anticipate a more targeted impact than we experienced last spring.â
Times Telegram
A small but steady flow of customers wound their way through the mill store at the Fly Creek Cider Mill and Orchard on Sunday, the mill’s final day of operation.
While many shelves and displays were empty, cider and doughnuts were available along with apple wine, barbecue sauce, fudge and various other items, all at 65% off.
Whether the mill will reopen at some point remains to be decided.
“We’re going to take some time and reassess what we’re going to do,” said to Bill Michaels, who owns the mill with his wife, Brenda, and was on hand for the final day. “We’ll announce (the decision) through our customer portal and on social media.”
The Moran CityCentre hotel looks to local market during pandemic By Katherine Feser, Staff writer
As Midway’s boutique hotel in CityCentre turned 10 years old, the Houston-based developer brought in a new hotel management company to rebrand, naming the hotel after Midway’s late founder Jim Moran.
Jerome Strack of HEI Hotels & Resorts arrived in Houston in December 2019 to spearhead changes at Midway’s Moran CityCentre. The 266-room west Houston hotel near Beltway 8 and Interstate 10, previously known as Hotel Sorella, is part of Midway’s 47-acre CityCentre development, along with shopping, dining, office, residential and entertainment components.
The hotel, one of 87 operated by Norwalk, Conn.-based HEI, ramped up from 17 employees to 150 by the end of February as Strack assembled a team. Then COVID-19 hit.