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St. Louis Business & Technology News
"When you think Saint Louis, think Saint Louis Front Page," a weekly publication covering the news and events in the greater St. Louis area. 
How To Reach Us:St. Louis Front Page P.O. Box 1354 St. Louis, MO 63188 Voice: 314-771-0200 Fax: 314-771-0300 To submit news, contact: editor@slfp.com To advertise, contact: advertising@slfp.com |
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Pulaski Bank Opens New Downtown Location ST. LOUIS, MO (SLFP.com), September 2, 2007 - Pulaski Bank's Downtown Bank at 900 Olive Street - Ninth and Olive - opened for business on August 27, 2007. The new 4,000 square-foot facility is Pulaski Bank's 11th location in St. Louis. The grand opening celebration will be held on Wednesday, September 5th, from 4:30 - 7:00 pm. Refreshments will be served, there will be a drawing for up to $2500, and entertainment will be provided by Arvell & Co. A ribbon-cutting ceremony will be held at 6:00 pm with St. Louis Mayor Francis G. Slay, William Donius, Chairman & CEO of Pulaski Bank, Tom Reeves, President of Pulaski Bank, Paul Douglas Grosse, Regional President of Pulaski Bank, Cheri Bliefernich, Senior Vice President of Pulaski Bank, and Robin Baima, Bank Manager of Pulaski Bank. The downtown bank will be located on the first floor of the historic Frisco Building in the Post Office Square district. The bank will service both retail and commercial customers. It will also offer such services and conveniences as a walk-up ATM, a full range of checking, savings and money market accounts, CDs, home equity and mortgage loans, investment services and retirement accounts. The downtown bank has significant experience centered around commercial real estate and commercial and industrial lending. In a statement, Donius said, "Downtown St. Louis is undergoing a dramatic resurgence. The area is attracting an ever-increasing number of new residents and businesses, all of whom have a need for banking services. This represents an opportunity for us to further solidify our position as the leading community bank in greater St. Louis. Convenience and geographic proximity are important determinants for both consumers and small to medium-sized business owners when they select a bank. We look forward to operating in this dynamic part of town and believe our brand of friendly, personally-oriented service and the central location of our new facility will quickly attract both retail and business customers in the downtown area. Interestingly, the new location will be somewhat of a return to our roots; Pulaski Bank was founded at a downtown location in 1922." The new Downtown Bank is one of three new locations for Pulaski Bank this year. As part of its strategic initiative to become the premier community bank to St. Louis, Pulaski Bank opened a new full-service banking location in suburban Richmond Heights on January 5 and expects to open its 12th bank in Clayton in October. The Clayton Bank will be located in The Crescent building, a mixed use residential and retail development currently under construction. It is situated adjacent to the Ritz-Carlton Hotel in the heart of Clayton. Pulaski Bank's Downtown office hours will be Monday-Thursday, 8:30 a.m.-5:30 p.m. and Friday, 8:30 a.m.-5:00 p.m. Report Shows Missouri Lost 4.8% of Its Manufacturing Plants Last Year ST. LOUIS, MO (PRNewswire), September 2, 2007 - Missouri lost 4.8% of its manufacturing plants and related employment dropped 3.8% over the past 12 months according to the 2008 Missouri Manufacturers Register, an industrial guide published annually by Manufacturers' News, Inc. (MNI) Evanston, IL. MNI (http://www.manufacturersnews.com/) reports Missouri lost 16,424 manufacturing jobs and 475 manufacturers since July 2006. Manufacturers' News reports Missouri is home to 9,270 manufacturers employing 418,460 workers. MNI surveys both large and small manufacturers, including small start-up companies with just a few employees. According to MNI, the majority of Missouri's losses were small businesses shutting down. 68% of Missouri companies ceasing operations over the past year employed five or fewer workers. MNI also identified 13 companies employing 570 relocating to other states over the past year with nearly half moving to Kansas. "Missouri's job losses echo those seen all across the Midwest, and to a lesser extent, the Mountain Plains as manufacturers, particularly those in the auto industries, continue to be lured by cheaper labor costs overseas." said Tom Dubin, President of the Evanston, IL-based publishing company, which has been surveying US industry since 1912. "Also automation and technological advancements in today's manufacturing require fewer employees." MNI's regional analysis shows Missouri ranks 16th in the nation for number of manufacturing jobs and accounts for 37% of the Mountain Plain's industrial employment. East Central Missouri accounts for the largest share of the state's manufacturing employment, with 174,934 jobs or 42% of the state, down 4.6% from July 2006. Northwest Missouri accounts for the 2nd most at 105,103 jobs or 25%, with no significant change reported over the past year, while Southwest Missouri is down 6.4% over the year and accounts for 59,804 jobs. Northeast Missouri represents 7.7% of the state's employment, or 32,238 jobs, and is down 3.4% over the past 12 months. Southeast Missouri accounts for 25,272 jobs or 6% of the state and is down 344 jobs or 1.6%. St. Louis is home to the most industrial jobs accounting for 22% of the Missouri's manufacturing employment or 91,329 jobs, and is home to 1,607 plants. MNI reports St. Louis ranks among the top 50 cities in the US by manufacturing employment, at 8th in the nation for number of manufacturing jobs and plants. Kansas City is home to another 708 companies employing 44,968 workers and ranks 32nd in the nation for number of manufacturing jobs. Springfield ranks 3rd in the state with 18,478 workers and 401 plants, while fourth-ranked Fenton is home to 149 plants employing 10,962. St. Joseph accounts for 10,185 of the state's jobs and 139 plants. Companies manufacturing transportation equipment account for the most manufacturing jobs in Missouri, representing 14% of the state's industrial employment or 57,660 jobs. MNI data shows employment in this sector dropped 4% over the past twelve months, with manufacturers of motor vehicles and car bodies taking the biggest hit at 2,145 lost jobs. The food products sector represents another 13.2% of the state's manufacturing employment, or 55,398 jobs and is up 1,270 jobs or 2.3% over last year. Producers of industrial equipment and machinery account for another 45,751 jobs, down 3,628 jobs or 7% since July 2006. Sub-sectors adding jobs over the past year include manufacturers of blast furnaces and steel mills, up 661 jobs and industrial organic chemicals, up 544 jobs.  
The Saint Louis Front Page is owned and maintained by the Moore Design Group for the sole purpose of disseminating news and information about the Metropolitan Saint Louis area. Text or graphics may not be copied, rewritten or distributed in any manner whatsoever without written permission. For more information, contact editor@slfp.com All rights reserved world wide © 1996 - 2008 Moore Design Group. |
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