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Industry Briefs are provided as a free service to our readers. Company news information may be sent to brice@slenterprise.com. The submission deadline is one week before publication.

BANKING

• The Federal Deposit Insurance Corp. (FDIC) has announced that Len Williams has been appointed to the FDIC Advisory Committee on Community Banking. Williams is CEO and president of People’s Utah Bancorp, based in American Fork. Williams is one of 18 representatives from around the country who advise the FDIC on a broad range of community bank policy and regulatory matters. Williams has served as CEO and president of People’s Utah Bancorp and as CEO of People’s Intermountain Bank since January. He has also been a director of People’s Utah Bancorp and People’s Intermountain Bank since March 2017. Previously, he was a director, president and CEO of Home Federal Bancorp.

CONSTRUCTION

Big-D Construction, Salt Lake City, has named Beckie Austin as marketing director. Austin has been with the firm since 2008 when she first joined as a marketing coordinator. In recent years, she served as senior proposal manager.

CORPORATE

• The board of directors of Zions Bancorporation, Salt Lake City, has approved a plan to purchase up to $250 million of common shares during the fourth quarter of 2018. Zions said it will continue to use stress testing as its primary mechanism to inform its decisions on the appropriate level of capital, based upon actual and reasonably probable stressed economic conditions. Zions said its hypothetical post stress capital results, as can be found on its website, “are substantially stronger than regulatory minimum capital requirements.”

DIVIDENDS

• The board of Zions Bancorporation, Salt Lake City, has declared a regular quarterly dividend of 30 cents per common share. The dividend is payable Nov. 21 to shareholders of record Nov. 14. The board also declared regular quarterly cash dividends on the company’s various perpetual preferred shares. The cash dividend on the Series A, G, H, and I shares are payable Dec. 17 to shareholders of record Dec. 1. The cash dividend on the Series J shares is payable March 15 to shareholders of record March 1.

• The board of directors of People’s Utah Bancorp, American Fork, has declared a quarterly dividend payment of 11 cents per common share. The dividend is payable Nov. 13 to shareholders of record Nov. 6. The dividend payout ratio for earnings for the quarter ended Sept. 30, 2018 was 19.6 percent. This continues the over-50-year trend of paying dividends by the company, which is the holding company for People’s Intermountain Bank, which has 26 locations in three banking divisions, Bank of American Fork, Lewiston State Bank, and People’s Town & Country Bank; a leasing division, GrowthFunding Equipment Finance; and a mortgage division, People’s Intermountain Bank Mortgage.

EDUCATION/TRAINING

• The University of Utah’s Center for Technology & Venture Commercialization has announced the recipients of its second round of seed funding. The center formed the seed fund in early 2018 to support early-stage technologies being developed by university faculty. Of 27 technologies submitted, six were funded. The applicants were evaluated on their proposed commercialization strategies, market differentiation, intellectual property status and plans for achieving developmental milestones, among other criteria. The 2018 grantees are UU 3-D Metrology Tool, a device that optically measures the absolute 3D position of an object; Novel Phase Optics, a three-dimensional camera and mobile phone facial-recognition LED camera that employ flat-lens technology; Chemically Removable Cleavable Linker, a device that provides controlled delivery of chemotherapeutics; Advanced Halloysite Nano-tube Solid Polymer Electrolyte for Lithium-Sulfur Battery, a high-voltage lithium battery that remains stable without solvents; Thermoelectric Aerospace Power Generation Module, a high-efficiency, ultra-lightweight thermoelectric modules for aerospace applications; and Catheterized Confocal Microscope, a microscopic imaging tool that can diagnose cardiac disease.

ENERGY

DataBank, a provider of enterprise-class data center, managed service and cloud solutions, now has a fully functional 66-megawatt, privately owned power substation at its Granite Point Campus in Bluffdale. The development significantly increases power capabilities, reliability and redundancy of the data center campus.

GOVERNMENT

• The Utah Department of Workforce Services has hired Michael Miller as chief of veterans services. Miller served just under 30 years in the United States Army and Utah National Guard. He was deployed twice, one of which was to Ramadi, Iraq. Miller ended his career with the military after serving five years as the command sergeant major, a senior enlisted leader with the Utah National Guard. In addition, he was a senior operations sergeant major and had several other leadership opportunities in training soldiers and managing logistics. Since retiring from the military, Miller has been working for the Bureau of Land Management as an administrative support specialist. Miller succeeds Bruce Summers, who will retire from the department on Jan. 4.

• The Utah Department of Commerce’s Division of Occupational and Professional Licensing has issued an administrative citation/cease-and-desist order against Black Diamond Security Group LLC of Magna, which was cited for unlawful conduct for advertising security services on the Internet while not being a licensed security company with the state.

HEALTHCARE

Health Catalyst Inc., Salt Lake City, has hired Dr. William Caldwell, Cathy R Menkiena, Ryan Smith and Steven Vance. Caldwell, senior vice president of physician and market development, is a former senior vice president of clinical integration at Novant Health. During his 17-year career as a clinician, he also served as medical director and chairman of the CIN. Menkiena, senior vice president of professional services, previously was senior director of EHR solutions at Encore Health Resources. She has more than 30 years of experience in information systems, healthcare operations, administration, nursing management, analytics and consulting spanning Cerner; Epic; Eclipsys (now Allscripts); Healthlink; IBM Global Business Services; and a number of healthcare providers, including Tenet Healthcare and BayCare Health System. Smith, senior vice president of client engagement, previously with chief information officer at Banner Health. He has nearly 25 years of health information technology and leadership experience from two of the largest non-profit integrated healthcare delivery networks in the country: Intermountain Healthcare and Banner Health. Vance, senior vice president of professional services, is a former regional chief financial officer and compliance officer at Intermountain Healthcare. He spent eight of his nearly 25 years at Intermountain Healthcare as director of strategic planning in the southwest region.

Scientia Vascular LLC, a West Valley City-based commercial-stage medical device company, has appointed Rick Randall as executive director of its board. Randall has over 40 years of experience in the medical device industry, primarily focused on introducing novel, minimally invasive therapeutic products to global markets. He has served as CEO for both private and publicly traded companies, including Target Therapeutics, Innovasive Devices, TranS1 and OMNIlife Science. Randall brings experience in medical device general management, strategic planning, product/procedure marketing and commercialization.

HOSPITALITY/FOOD SERVICE

Kimpton Monaco Salt Lake City has hired Ric Tanner as general manager. Tanner has more than 30 years of industry experience, most recently serving as the regional director of sales and marketing where he oversaw and provided support for Kimpton hotels located within the Pacific Northwest, Mountain and Midwest regions. Prior to joining Kimpton, Tanner served as director of sales and marketing for several companies, including Starwood Hotels & Resorts, Hilton Worldwide, Radisson Hotel Group and Marriott Hotels.

LAW

Durham Jones & Pinegar has elected J. Tayler Fox as its newest shareholder. Fox has been with DJP for the past two years. He is a litigation and real estate attorney with expertise in matters such as title disputes, foreclosures and condemnation.

MILESTONES

• With the conclusion of the U.S. Small Business Administration’s fiscal year Sept. 30, Zions Bank has marked 25 consecutive years as Utah’s top SBA 7(a) lender. The SBA Utah District’s total loans were up 1 percent compared to the prior year, topping $600 million. During the most recent fiscal year, Zions Bank approved 207 SBA 7(a) loans in the district, totaling more than $38.8 million and representing 20 percent of the 997 SBA-backed loans approved in Utah. SBA data indicates that the capital provided through Zions Bank’s loans to Utah businesses allowed them to grow so that they could hire 547 new employees and maintain 1,119 positions in 2018. Fifty-two percent of loans approved this year by Zions were to women- and minority-owned businesses. The average SBA loan amount approved by the bank was $188,000.

PHILANTHROPY

C.R. England and wholly owned subsidiary England Logistics have reached their goal to provide funding for 1 million meals for children through partnerships with 20 food banks located in the United States and Mexico. The Million Meals milestone was reached Oct. 21 as part of the “One Initiative,” a campaign launched in January that invites company employees, customers, carriers and freight agents to join the fight against childhood hunger. The initial goal was to provide one million meals to food banks by Dec. 31. The companies now expect to provide more than 1.4 million meals by year’s end.

• Members and employees of America First Credit Union, Riverdale, recently collected 18,662 pounds of food and donated $5,000 worth of turkeys during its 14th annual Community Food Drive and donated it to Utah Food Bank and Three Square Food Bank. The items will be distributed to local food pantries in advance of the holiday season. During September and October, all America First Credit Union branches served as drop-off locations for the food drive. Since food drives began in 2004, more than 185,000 pounds of food has been collected.

• The third annual Shot Ski event, hosted by the Park City Sunrise Rotary Club and High West Distillery, raised $29,475 for community organizations. The event featured 1,275 participants and 2,570 feet on Main Street to claim a spot on the world’s longest shot ski, constructed of 508 skis end-to-end. Topping last year’s total of $23,253, all proceeds will benefit Park City Sunrise Rotary Club’s grant program for 20 community organizations.

REAL ESTATE

TruAmerica Multifamily, based in California, in a joint venture with an institutional investor, has acquired Country Lake, a 253-unit multifamily community in Salt Lake City for $47.5 million. TruAmerica’s holdings in the market now total 1,595 units. Built in 1973, Country Lake is the fourth apartment community in Salt Lake City for TruAmerica. It offers a mix of one- and two-bedroom apartment homes. TruAmerica said it will upgrade apartment interiors; renovate all community amenities, including adding a fitness center; and refresh exteriors and landscaping. Steve Gebing, Cliff David, Danny Shin and Brock Zylstra of Institutional Property Advisors represented the seller in the transaction.

Squire Business Park, a multi-building office complex in Orem, has been sold to a 1031 exchange company based in Nevada. The three-building park on University Parkway was 94 percent leased at the time of sale. Colliers International’s Salt Lake City investment services team of Rawley Nielsen, Darren Nielsen and Pete Williams collaborated with Jim Balderson and David Nixon of JLL to execute the sale.

• County Lake Apartments, a 356-unit multifamily property in Salt Lake City, has been sold by Aukum Group to a joint venture between TruAmerica and Investcorp. Financial terms were not disclosed. Steve Gebing, senior managing director of Institutional Property Advisors (IPA) senior managing director, along with Marcus & Millichap’s Cliff David, senior managing director; Danny Shin, senior vice president investments; and Brock Zylstra, vice president investments; represented the seller. IPA is a division of Marcus & Millichap.

The Park at Riverwoods in Provo has been sold by Brentwood Provo to Terracom. Financial terms were not disclosed. The two-building property, with nearly 120,000 square feet of office space on 9.26 acres, is the former headquarters for Ancestry.com. Brandon Fugal, Josh Smith and James Bullington from Colliers brokered the transaction, representing both parties. Terracom has been making updates to the property’s infrastructure.

Oakwood Homes has named Ryan Smith as president of its Utah division. Smith has more than 20 years of homebuilding experience, including 10 years in the active adult marketplace with Shea Homes’ Active Adult Trilogy brand, and most recently with Beazer Homes as its division president in Indianapolis. Smith’s background includes experience in finance, operations, sales, customer experience best practices and production.

Colliers International has promoted Jane Ebberts to vice president at Colliers International/Utah. Ebberts has expanded her industrial focus to include all types of commercial real estate investment, tenant/landlord representation, brokerage and development, forming a new partnership with Gwen Knight Sr., vice president at Colliers International. Ebberts has 20 years of experience in the real estate industry. Before moving to Colliers International in 2018, she joined CBC Advisors in early 2017 as a member of an industrial brokerage team following a relocation from North Carolina to Utah. Her background includes owning a large real estate brokerage firm in North Carolina, as well as a custom-cabinet manufacturing company and a large commercial security firm. She previously held an electrical contractor’s license and was a senior executive at an IBM partner firm developing currency exchange software.

RECOGNITIONS

• The University of Utah J. Willard Marriott Library honored the Utah Avalanche Center with the History Maker Award and Howard Peterson with the S.J. Quinney Award during its annual Ski Affair gala. The Utah Avalanche Center is a U.S. Forest Service collaborative organization consisting of volunteers statewide who provide education, resources and avalanche safety information for backcountry skiers, hikers and snowboarders. Peterson was a driving force behind the establishment and nurturing of Soldier Hollow cross-country and biathlon venue near Heber City, former president of the U.S. Ski Team and a member of the group that formed the Cross Country Ski Areas Association in 1977.

Rocky Mountain Power’s Blue Sky program has recognized three Utah organizations and one city for their long-time commitment to supporting renewable energy and leading the charge in working to make their communities more sustainable. The three establishments, which were highlighted during the Green Business Awards ceremony, have been Blue Sky Visionary partners since 2004. Honorees are Elevated Cuisine, which operates Vertical Diner, Sage’s Café and Cali’s Natural Foods; Mazza Café, owned and operated by Ali Sabbah and with two locations in Salt Lake City; and Salt Lake Brewing Co., which has Squatters and Wasatch breweries in Salt Lake City. Park City was awarded for being the “greenest” place in Utah, working toward the most ambitions renewable goals in the country. It has set a sustainability goal to be running municipal operations from 100 percent renewable energy. At the end of 2017, it passed the 50 percent mark on the goal.

RETAIL

Best Buy has opened its first new U.S. store in seven years at Station Park in Farmington. The 36,000-square-foot offers appliances, audio and home theater tech, and other products. It employs 91 people and plans to hire more help for the holidays. The company operates more than 1,000 stores across the U.S., Canada and Mexico. Tim Simonsen, senior executive vice president and partner at Colliers International/Utah brokered the transaction.

L.L. Bean has opened its first Utah store, in a new retail development at the corner of Main Street and Heber Avenue in Park City. The 6,300 square-foot store will employ 15 people. The company said it opened the store there due to the area’s proximity to abundant natural resources and opportunities for outdoor activities, “as well as a population that reveres the natural world and enjoys regularly engaging in a variety of outdoor pursuits.”

All Star Bowling & Entertainment will have a location at Valley Fair Mall in August 2019. Modeled after its Draper location, it will feature 32 state-of-the-art family-friendly bowling lanes, laser tag, bumper cars, Escapology escape rooms, chef-inspired casual American dining and a games gallery featuring more than 130 of the latest interactive and virtual video games. Construction has begun on the east side of Valley Fair, with the grand opening anticipated late next summer. The company plans to hire more than 200 new team members in the spring. This will be the fifth location in the valley.

SERVICES

Incorporate Massage, a Salt Lake City-based onsite corporate massage and wellness company, has announced that Pamela E. Stevenson has joined its board of directors. Stevenson has a marketing and business background spanning over 20 years in senior positions in the U.S., U.K. and Canada working at or with organizations such as Procter & Gamble, General Foods, Intercontinental Hotels, PPG Industries and HJ Heinz. She and her husband founded Chapters, the book superstore company, after purchasing Smithbooks in 1993 and Coles in 1994. In 1996, Stevenson joined CIBC as director of marketing for Delta+.

TECHNOLOGY/LIFE SCIENCES

Pluralsight Inc., a Farmington-based enterprise technology learning platform company, has appointed Leah Johnson and Bonita Stewart as independent directors for the company. Johnson is the founder and CEO of LCJ Solutions, a strategic communications consulting practice specializing in reputation risk management, messaging and change management for marquee clients. Before founding LCJ Solutions, Johnson was the senior vice president of corporate affairs at Citigroup, serving as the chief communications adviser to four CEOs, and vice president of corporate communications for Standard & Poor’s. Stewart serves as vice president of global partnerships at Google, responsible for its U.S. strategic partnerships team representing news and publishing, broadcast, media and entertainment, mobile apps, search, telecommunications and commerce. In her 12-year career at Google, she has held several senior management positions. Prior to Google, Stewart served as director of interactive communications for DaimlerChrysler.