Keller Williams business sales top $100 million
Sales agents at Keller Williams Realty first achieved over $100 million in real estate sales in the Chattanooga market last year with a mix of properties including retail, office, multi-family, industrial , etc
“We’re proud of the year we’ve had, despite all the market impacts,” KW Chief Commercial Officer Lisa Brown said Monday in an announcement of the record sales volume. “We’ve grown our organization to 17 members, and one agent alone, Joe Pleva, has done over $30 million in trade volume himself.”
KW Commercial includes agents from the Keller Williams Greater Downtown and Greater Chattanooga offices located downtown and East Brainerd respectively. Fewer than 20 agents produced more than $100.3 million in closed volume in 2021, with Keller Williams Greater Downtown agents accounting for 82% of that production.
Keller Williams Realty is the largest brokerage both nationally and in the local Chattanooga market. More than 750 residential and commercial agents work under the KW umbrella in the greater Chattanooga area.
TVA donates $1 million in STEM school aid
The Tennessee Valley Authority, in partnership with its retiree organization Bicentennial Volunteers Inc., is awarding $1 million in grants to public school educators to develop science, technology, engineering and math education projects in the Tennessee Valley.
“TVA is committed to supporting STEM education to help shape today’s students into the engineers, scientists and IT professionals of tomorrow,” said Jeannette Mills, executive vice president and chief relationship officer. external VAT.
The competitive STEM classroom grant program is run in partnership with the Tennessee STEM Innovation Network run by the Battelle organization. The program received 336 grant applications this year, and 233 were selected for funding. More than 106,000 students across the valley will be directly impacted by the program.
In Southeast Tennessee, STEM grants have been awarded to Chattanooga School for Liberal Arts, Chattanooga School for Arts and Sciences, East Ridge Elementary, Soddy-Daisy Middle, Lakeview Middle in Rossville, Lookout Valley Elementary, Ridgeland High in Georgia, Cleveland High School, Waterville Community Elementary in Cleveland, Athens Elementary and Athens City Middle School.
SmartBank net income declines due to merger costs
SmartFinancial Inc., the parent company of SmartBank, increased operating earnings per share by 31% in the fourth quarter, but net profit was still down, mainly due to merger charges related to its purchase of Sevier County Bancshares as the Knoxville-based bank continued to expand throughout the Southeast.
SmartBank said Monday it posted fourth-quarter net income of $6.7 million, or 40 cents per share, compared with $9 million, or 59 cents per share, in the same period a year earlier. But adjusted earnings after merger and restructuring costs were still above Wall Street expectations.
The bank holding company posted revenue of $39.6 million during the period. Its net interest expense income was $36.7 million, also beating Street’s forecast.
For the year, the company reported earnings of $34.8 million, or $2.22 per share. Revenue was reported at $137.3 million. SmartBank’s total assets grew last year from $3.3 billion to more than $4.6 billion.
“We couldn’t be more excited about where we are as a company,” said Miller Welborn, president of SmartFinancial. “Our team is ready and ready for 2022.”
Nonetheless, shares of SmartFinancial fell 5.1% in trading Tuesday to $26.70 per share in an overall down day for the market.
DC, states sue Google for misleading its users
The District of Columbia and three states are suing Google. They allege the internet search giant is misleading consumers and invading their privacy by making it nearly impossible for them to prevent their location from being tracked.
In the lawsuit in District of Columbia court, DC Attorney General Karl Racine said Google “systematically” misled consumers about how their locations are tracked and used. He also claims that Google has tricked users of its services into believing that they can control the information the company collects about them.
Attorneys general in Texas, Indiana and Washington state are filing similar lawsuits in their state courts.
— Compiled by Dave Flessner