Newsmakers in business
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Hendrix joins Memorial Park as public relations director
Billy Hendrix has joined Memorial Park Funeral Homes and Cemeteries as director of public relations and community affairs.
Hendrix has been in the funeral profession locally for the past 10 years and has been involved in organizations including the American Heart Association, Humane Society of Hall County, INK, Hospice Relations and Senior Relations.
Hendrix will also be involved in the expansion and the development of the Gold Shield Fund. The Gold Shield Fund is a group of concerned citizens who help the families of full time public safety personnel killed or seriously injured in the line of duty or in dire financial need in Hall County.
Baldor honored with award from Labor Department
The Baldor Dodge Reliance plant in Flowery Branch has been honored with the director’s award presented by the Georgia Department of Labor.
The plant was honored for its plant safety program, which has resulted in a reduction in the number of injuries and lost work days.
The 220,00-square-foot plant employs 370 workers who produce industrial electric motors.
The number of recordable injuries dropped from 21 in 2000 to 5 in 2008. The plant is approaching 2 million hours without a lost time injury.
The award was presented at a Labor Department conference earlier this month.
Chattahoochee Bank of Georgia to participate in FDIC program
Chattahoochee Bank of Georgia has announce plans to participate in the FDIC’s voluntary Temporary Liquidity Guarantee Program, which allows the bank to offer 100 percent deposit protection for all non-interest-bearing deposit transaction accounts, regardless of dollar amount. These are primarily payment-processing accounts, such as business payroll accounts, which frequently exceed the current maximum limit of $250,000. The additional coverage provided through the Liquidity Guarantee Program will be offered by Chattahoochee Bank of Georgia through the end of 2009 at no cost to the customer.
"Our business customers will appreciate the fact that there is no limit on FDIC insurance coverage for their deposits in these types of accounts at our bank," said Jody Lail, the bank’s president.
All FDIC-insured institutions will be covered under the program for an initial 30-day period. However, after that initial period, banks who no longer wish to participate can choose to opt out.