Montgomery Business Journal

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February 2015


ServisFirst Bank is one of 12 banks recently added to the NASDAQ Community Bank Index. The index has 373 community banks with a combined $190 billion-plus in market capitalization.U.S. Embassy contract

Montgomery-based Caddell Construction Co. has been awarded a nearly $200 million contract for the design and construction of a U.S. Embassy in Ashgabat, Turkmenistan. The project, which is for scheduled for completion in about 3½ years, includes a new office building, cultural center, warehouse, staff residences and a U.S. Marine residence.

The firm was also awarded a $30.6 million contract for the construction of unmanned aerial systems hangar at Fort Bragg, North Carolina The project is expected to be completed in April 2016.


About 800 gymnasts from 25 states participated in the National Gymnastics Judge's Cup in Montgomery, and that has a healthy economic impact – an estimated $500,000 to $750,000 for a three-day event in January.


Ernest Finley is the new chief of police for the City of Montgomery. He is a 29-year veteran and was the Atlanta Police Department chief deputy the last five years.

He told the Montgomery Advertiser: “My vision is to guide and direct our MPD to provide customer service to our residents here; to address public safety concerns to prevent crime; and to also reduce crime through community engagement.”


New vehicle sales for 2014 are expected to hit 16.5 million units, which is the most since 2006. That’s a nearly 6 percent increase over 2013.

Meanwhile, Kelley Blue Book is forecasting new vehicle sales of 16.9 million this year – nearly matching the 17 million units sold in 2006. New vehicle sales have bounced back after slumping to a low of 10.5 million units during the Great Recession in 2009.


The Downtown Business Association is providing $2,000 in monthly micro grants for new projects. Twenty people are contributing $100 each month.

The grants can be used on everything from the arts to activities to landscaping. There is a one-page online application to receive a Gumption Fund grant. Applications must be received by the 15th of the month.

For information or to apply online, visit


The Creek Casino Montgomery is receiving quite a nice facelift – a $65 million upgrade that will feature a 120-room hotel and new gaming area as well as new restaurants and a salon.

The Poarch Creek Band of Indians also recently invested $246 million in Wind Creek Wetumpka, which has a 283-room hotel and 85,000 square feet of gaming.

An assisted living center and retirement homes have been added to the tribe’s Wind Creek Atmore development.


The Town of Hampstead followed a record-setting year with another in 2014 when 30 homes and lots were sold, a 58 percent increase from 2013.

There are just 21 lots remaining in phase one and about one-quarter of the phase two lots (11) have already been sold.

There also has been a lot of activity at the town center. Hampstead now has 18 businesses, including three restaurants: City Grill, The Tipping Point and Johnny Ryan’s.

Hampstead opened the largest lake in the City of Montgomery last year – Hampstead Lake.


The 2015 SCOTT World Firefighter Combat Challenge is expected to generate between 2,600 and 3,000 room nights in Montgomery and have an estimated economic impact of $650,000.

The Montgomery Fire Rescue team won the 2014 world championship in Phoenix and set a world-record relay time of 1:07.22.


The Montgomery Biscuits received the 2014 Bob Freitas Award for outstanding minor league operations as a Double-A club.

Last year was memorable for the Biscuits, who reached 3 million in attendance four years ahead of schedule and had a first-ever preseason game against its major league affiliate Tampa Bay Rays. The Biscuits opened their inaugural season in downtown Montgomery in 2004 at Riverwalk Stadium.

“Having been involved in developing nine stadiums and a minor league baseball owner for over 20 years, this is the first time we have earned this award,” Biscuits co-owner Sherrie Myers said in a statement. “We feel confident that we received this industry award because of our partnership with the City, the collaboration with the River Region and the unique stadium facility that was built for us to work in.”

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