Business briefcase: Feb. 1, 2013

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Businesses in Shelby among state’s Best Places to Work


Masonic Homes of Kentucky, Hosparus and Hilliard Lyons – three businesses with presences in Shelby County – are repeaters on a list of the Best Places to Work in Kentucky in the ninth annual competition conducted by the Kentucky Society for Human Resource Management in conjunction with the Kentucky Chamber of Commerce.

Two other businesses with Shelby presences, Republic Bank and Baptist Health, also are among the 74 finalists.

The rankings of winners will be announced at an awards dinner April 16 in Lexington.

Finalists have been selected in two categories: small/medium-sized employer (companies of 25 to 249 U.S. employees) and large-sized employer (companies of 250 U.S. employees or greater).

The selection process, managed by Best Companies Group, is based on an assessment of the company’s employee policies and procedures and the results of an internal employee survey, based on Fortune magazine’s “100 Best Companies to Work for in America” list.

You can see the complete list at bestplacestoworkky.com.

Republic Bank issued a press release to tout its inclusion on the list.

“I am extremely proud of Republic Bank’s designation as one of the best places to work in Kentucky,” Republic Bank Chairman and CEO Steve Trager said. “Every success we have achieved is the result of the hard work, care and dedication of our associates, and I feel extremely accountable to make sure that our success is shared with all associates in many ways that create opportunity and positive experiences for them and their families.”


Barnes on realtors board

Teresa Barnes of Century 21 Abbott Realty has been named treasurer of the Shelbyville Board of Realtors. She fills a vacancy among a new slate of officers who took over in December.


Seppenfield now at Loxx Salon

Frieda Seppenfield, who has 20 years of experience as a hair stylist, has joined Loxx Salon in Simpsonville. She will be in the salon on Wednesday through Saturdays.


Young joins Great Clips

Stephany Young has joined Great Clips in Shelbyville. She graduated from Empire in 2012 and lives in Fern Creek with her boyfriend and children.


Republic among top banks

For the second consecutive year, Republic Bancorp has been recognized by an industry journal as the best-performing bank in the U.S. based on financial performance and level of capital. In the first quarter 2013 edition of Bank Director Magazine, Republic Bancorp was rated No. 1 based on a combined ranking on two financial metrics: core return on tangible common equity and the ratio of average tangible common equity to tangible assets.

Data was collected by SNL Financial and Sandler O’Neill + Partners from all banks and thrifts that trade publicly on the NYSE, NASDAQ, or NYSE Amex and represents the average for the eight quarters ending June 30, 2012.

With a ratio of 14 percent during the two years ending in June of last year, Republic had almost double the median capital ratio of all banks and thrifts during the same period, a news release said.

“We have seen the industry go through good times and bad times,” Republic CEO Steve Trager said in a release. “We never take one bit of success for granted. We are not going to do something stupid in the short run that will hamper our ability to take advantage of opportunities in the long run.”


Bulletin board

  • Shelby Development Corporation will have its January board meeting at 8 a.m. today at the SDC office in Cardwell House on Main Street.
  • HJW Career & Financial Literacy Institute, Inc. of Shelbyville, in partnership with Metro United Way, will be hosting the volunteer income tax assistance/tax counseling for the 2013 tax year in Shelby and Oldham Counties. This program is to assist families with free income tax preparation that meet the requirements for receiving the earned income tax credit. For tax year 2012, this amount is generally $50,000 and below. Also tax preparation is free for the elderly, aged 60 and older. The sites will be open Mondays, Tuesdays, Wednesdays, Thursdays, and certain Saturdays until April 15. For more information, call 647-3027 or 558-0762.


Bits & bytes

  • Baptist Health (formerly Baptist Healthcare System) has named Stephen C. Hanson president and chief executive officer, effective March 8. Hanson succeeds Tommy J. Smith, who announced his retirement last year.
  • SportsEvents Media Group, the leading industry publication focused exclusively on helping sports event planners produce excellent competitions in the United States and Canada, has announced Louisville is among its 2013 class of Readers' Choice Award winners.
  • Average retail gasoline prices in Louisville have fallen 6.2 cents per gallon in the past week, averaging $3.17 as of Sunday, according to GasBuddy's daily survey of 644 gas outlets in Louisville. This compares with the national average that has increased 4.5 cents per gallon in the last week to $3.31.


Briefcase is compiled from press releases and other information submitted to The Sentinel-News. The Kentucky Press News Service contributed to this report. Information and photos may be E-mailed to sharonw@SentinelNews.com. The deadline is noon Wednesday.