Saturday, June 12, 2004

Tristate summary

Fifth Third buys Franklin Financial

Staff reports

Cincinnati's Fifth Third Bancorp Friday completed its acquisition of Franklin Financial Corp. in the Nashville, Tenn., area, a stock deal worth about $317 million.

With the deal, Fifth Third will have 11 branches in the Nashville area with more than $1 billion in assets and $900 million in deposits. Fifth Third plans to open six additional branches in Greater Nashville by mid-2005.

Regional computer competition at XU

The Cincinnati Chapter of Black Data Processing Associates is hosting its annual Midwest Regional High School Computer Competition today at Xavier University's Albers Hall. One hundred students in grades 9-11 will compete in teams of three to five people in developing computer technology. Winners advance to a national competition in Dallas featuring workshops, tours and more competition. Today's competition is sponsored by Kroger, Procter & Gamble, GE Transportation and TEK Systems.

Markets closed

Most of the nation's financial markets were closed Friday in observance of President Reagan's funeral. Weekly stock and mutual fund tables that would usually appear in today's Cincinnati Enquirer were published in Friday editions.

CORRECTIONS: Magazine for sale

A story in Friday's Business section incorrectly stated that Highline Media had bought US Banker from Thomson Media. Thomson still owns the magazine, but is offering it for sale.

Title incorrect

A headline in Friday's Business digest gave the wrong title for Pomeroy IT Solution president and chief executive David Pomeroy.

Chiquita sells Colombia unit
Formica prepares new start
Way bigger candy
United Way work begins
Convergys misses goal, keeps tax deal
Tristate summary
Some wonder if Field's stores worth the price
Resort group rejects MGM's Vegas bid