Kingsport Times News Monday, July 28, 2014
Business & Technology

Business briefs

March 29th, 2007 11:03 pm by Staff Report







Stocks up as investors weigh oil, GDP


Sullivan, Bristol banks now GreenBank


Lonesome Pine Hospital earns certificate


Preston Place II ribbon cutting held


Stocks up as investors weigh oil, GDP

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NEW YORK - Stocks ended higher in volatile trading Thursday as investors weighed fears about mounting tension in Iran against a report that indicated better-than-expected U.S. economic growth. The major indexes bounced around, and spent most of the session looking for direction as crude prices surged to a six-month high. Investors remain nervous about the West's response to British sailors held captive in Iran, and oil prices crossed the $66 mark. This offset the Commerce Department's final measure of fourth-quarter gross domestic product, which showed growth of 2.5 percent. The Dow rose 48.39, or 0.39 percent, to 12,348.75. The index climbed as high as 12,381.91 during the morning session. Broader stock indicators also finished higher. The Standard & Poor's 500 index rose 5.30, or 0.37 percent, to 1,422.53, and the Nasdaq composite index edged up 0.78, or 0.03 percent, to 2,417.88.


Sullivan, Bristol banks now GreenBank

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Sullivan County Bank and First Bristol Bank in Bristol, Va., both subsidiaries of Greene County Bank in Greeneville, are changing their names to GreenBank. The change, effective April 2, is part of GreenBank unifying locations throughout Tennessee, Virginia and North Carolina, making it easier to identify the bank's affiliate branches. "Until now, many of our community banks were operating under a different name, each relative to the area in which it is located," GreenBank President and Chief Executive Officer Stan Puckett said. "Few realized that if you banked at First Bristol Bank or Sullivan County Bank, you could also bank at any one of the Greene County Bank affiliates." Pointing out that Greene County Bank is not being bought or merged with another entity, Puckett said the name change is solely the result of an effort to create a seamless identity across all branches. Current First Bristol Bank and Sullivan County Bank customers will still be able to use their existing checks and check cards and will also be able to take advantage of the bank's new extended weekday hours and seven-day banking in every region. Founded in 1890, GreenBank is the second-largest bank holding company headquartered in Tennessee and has 50 branches.


Lonesome Pine Hospital earns certificate

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BIG STONE GAP - Lonesome Pine Hospital recently won a certificate of achievement for its speed and accuracy in registering traumas that come into the hospital. All licensed hospitals in Virginia that render emergency medical services are required to participate in the Virginia Statewide Trauma Registry, which is a project of the Virginia Office of Emergency Medical Services, part of Virginia's Department of Health. Registry data is collected and analyzed by the Virginia Department of Health, and results are shared with other hospitals. The effort is important to the success of trauma programs and can help in areas including performance improvement, research, injury prevention, resource utilization and the creation of state standards and benchmarks. At Lonesome Pine Hospital, coders Janice Collier and Alice Scott provide data to the state on all trauma patients with injuries resulting in hospitalization, transfer or death. Lonesome Pine Hospital is part of the Wellmont Health System.


Preston Place II ribbon cutting held

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KINGSPORT - The Kingsport Area Chamber of Commerce held a ribbon cutting for Preston Place II Tuesday morning at 2303 N. John B. Dennis Highway. Owned by Dr. Jerry Miller and Ron Tiller, Preston Place II is an expansion of Preston Place and is a new secured facility that provides specialized care, including care for those suffering from dementia and early Alzheimer's disease. Preston Place II will be adding 15 jobs with the opening of this new facility.

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