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NYC development company buys again in North Gulch


Flank Inc. now owns the three-parcel property, which has a main address of
125 11th Ave. N. and covers 0.8 acres. On an adjacent site is the building home to bowling and bar business Pins Mechanical Co., with the soon-to-open Asurion headquarters complex located across 11th.
The seller was an LLC affiliated with members of the Harwell family. Of note, the late Robert Harwell Sr. acquired two of the parcels in 1946 and one in 1958. As such, the parcels rank among the longest-held by family members in recent Nashville history.
No buildings sit on the just-acquired property, which hugs the Church Street Viaduct. ....

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Merchants Financial Group Annual Meeting


By TJ
Apr 10, 2021 9:49 AM
WINONA, Minn. – During its annual shareholder meeting, which was held virtually on Thursday, April 8, Merchants Financial Group, Inc. (MFGI), reported strong 2020 earnings growth, and shareholders re-elected three Directors to the MFGI Board.
MFGI formally reported a net income of $21,511,521 for 2020, an 8.8% increase over 2019 earnings. The year’s results were impacted by the pandemic and the resulting economic environment. Most notably, with a dramatic drop in long-term interest rates, Merchants booked unanticipated record residential mortgage loan volume of more than $950 million (a 77% increase over 2019). Year-over-year deposit growth was $376 million (a 21% increase over 2019), and Merchants originated nearly 1,600 Small Business Administration (SBA) Paycheck Protection Program (PPP) loans with total proceeds of $207 million. MFGI ended 2020 with $2.5 billion in consolidated assets, making Merchants the fourth largest banki ....

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