From the briefcase
by MDJ staff
April 25, 2012 12:00 AM | 1047 views | 0 0 comments | 5 5 recommendations | email to a friend | print
From staff and wire reports

COBB COUNTY — The Board of Directors of Genuine Parts Company (NYSE: GPC) declared a regular quarterly cash dividend of 49½ cents per share on the company’s common stock. The dividend is payable July 2, 2012, to shareholders of record by June 8, 2012.

Genuine Parts Company, based in the Cumberland area, is a distributor of automotive replacement parts in the U.S., Canada and Mexico. The Company also distributes industrial replacement parts in the U.S., Canada and Mexico through its Motion Industries subsidiary. S.P. Richards Company, the Office Products Group, distributes business products nationwide in the U.S. and in Canada. The Electrical/Electronic Group, EIS, Inc., distributes electrical and electronic components throughout the U.S., Canada and Mexico.

Genuine Parts Company had 2011 revenues of $12.5 billion.

Local banker attends signing

VININGS — Gov. Nathan Deal recently proclaimed April 2012 as Community Banking Month in Georgia. Dan Oliver, president and CEO of Vinings Bank in Smyrna, and Community Bankers Association of Georgia’s Chairman-Elect, attended the proclamation signing ceremony.

Community bankers across the country have come together each year during April to inform the public of the important economic and social contribution their community banks make in their hometowns.

“The nearly 240 community banks in Georgia are passionately committed to serving their customers and their communities,” Oliver said. “They spend countless hours and provide invaluable resources throughout the year to make their communities a better place to live and work. Community Banking Month gives the CBA and its community bank members across the state a chance to thank their customers and celebrate the communities they so proudly serve.”

n KEF Media, a full-service media solutions provider specializing in television, radio, Internet and public relations services, has relocated to a new headquarters in Smyrna.

The company purchased its new, 10,000-square-foot headquarters late last year. It will house Genuine declares quarterly dividend

KEF Media’s consultants, production, media relations and digital departments, as well as a 1,000-square-foot studio.

“We’ve been growing and adding staff. It just made sense to finally buy a home we could call our own,” said Kevin Foley, KEF Media’s founder and chief executive officer.

n Allstate Insurance Company recognized Suhas Uppalapati, CEO of Marietta-based Mavins Group Inc., with the company’s National Conference award for high standards in customer satisfaction, customer retention and profitable business growth.

“It’s a tremendous honor to earn National Conference recognition,” said Uppalapati, a member of the Allstate National Advisory Board. “My agency’s commitment is to serve customers and the Atlanta and Marietta communities.”

n The QBE Divisional Foundation presented Habitat of NW Metro Atlanta with a $65,000 check to build a Habitat home in Marietta for a family in need. Construction started in March with the Cobb-based office, QBE First, supplying the volunteer labor.

The home will be dedicated to its new homeowner family on May 10.

Synovus posts $21.4M profit

COLUMBUS — Columbus-based Synovus Financial Corp. said Tuesday it posted a $21.4 million first-quarter profit, reversing a loss in the same period last year, as the bank set aside less money for bad loans and got a boost from hefty gains from investments.

Synovus’ profit amounted to 2 cents per share and compared with a loss of $93.7 million, or 12 cents per share, in the same quarter last year.

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