Photo by QUENTIN ROUX, Staff
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Guests and visitors crowd the interior of the Engel & Volkers office in the Marco Walk plaza on Marco Island at their official opening. Quentin Roux/Staff
Pop the bubbly
Marco’s newest real estate firm, Engel & Völkers, had an official grand opening Friday at its office in the Marco Walk mall.
It joins a stable of other branches in Florida and worldwide, and specializes in all types of property, particularly high-end residential.
Described as a longtime global leader in fine international estates, the company about two years expanded its reach to the United States, beginning in Florida.
It provides real estate brokerage services for both buyers and sellers, focusing on upscale residential and commercial properties worldwide.
The Florida headquarters is part of the Engel & Völkers Group’s growing portfolio of global locations that includes South Hampton, England, Ireland, Italy, Chile, Spain, Switzerland, South Africa and other locations.
The Hamburg, Germany-based Engel & Völkers Group represents a worldwide brand with hundreds of real estate offices in 26 countries and five continents.
Aye to “i” contributors
As part of the Eagle’s”i” initiative to encourage reader contributions, the top contributors thus far will be recognized this week at the “Eagle’s Thursday” monthly gathering at the Esplanade.
Venue is the outside bar area at C.J.’s on the Bay restaurant.
Editor Bill Green will present prizes to the winners.
The function, with live entertainment supplied, begins around 5:30 p.m.
Centennial stock issue
Home BancShares, Inc., the parent company of the Centennial group of banks (including one on Marco Island), has announced a stock issue in line with a broad Federal program aimed at supporting the recovery of the U.S. economy
The company has issued 50,000 shares of fixed rate cumulative perpetual preferred stock, Series A, totaling $50 million to the United States Department of Treasury under the Capital Purchase Program of the Emergency Economic Stabilization Act of 2008, states a release.
“This is an opportunity to further strengthen our fortress balance sheet in these uncertain economic times,” says company Chairman and CEO John Allison.
“We view the terms of the capital purchase program to be an attractive, low-cost alternative to other capital sources in today’s market,” he said.
While the company is already a well-capitalized organization, he added, the belief is that such a program will provide an opportunity for healthy institutions like HOMB to participate in, and support the recovery of the U.S. economy.
At the same time, the company has declared the maximum cash dividend allowed for the first quarter of 2009, according to a separate release.
It is $0.06 per common share, pursuant to an agreement with the United States Department of the Treasury.
When the company recently issued the $50 million of fixed rate cumulative perpetual preferred stock to the Treasury, the agreement limited future cash dividends to not more than the last quarterly cash dividend declared prior to Oct. 14, 2008, the release explains.
As a result, the company was required to reduce its first quarter 2009 dividend by $0.005 per share from the fourth quarter 2008 dividend of $0.065 per share, the release states.
This decrease was a consequence of the date Oct. 14, 2008 being arbitrarily selected by the Treasury for the dividend declaration cut-off date.
Team boost
Another addition to the Sandlin Team at RE/MAX Results Realty has been announced.
Rachel A. DeHanas, whose experience dates back to 1983, carries many advanced designations and has a strong base of European contacts, according to a release.
Among her achievements are being ranked in the top 100 Realtors in the country by National Realtor Magazine, as well as being one of the top 100 agents with RE/MAX International three years in a row.
She has substantial experience helping families with distressed property sales, as well as having the National Association of Realtors designation as a specialist in helping senior citizens with their real estate needs.
An active Rotarian, she lives with her husband, Jack, in a waterfront home in the Estates of Marco Island. Her contact number is 389-3200.
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