Pulitzer, Stieven help UMSL set record for gifts
Emily Pulitzer and Joe Stieven are among the eight donors who made donations of more than $1 million to the University of Missouri-St. Louis in fiscal 2014, which ended June 30.
Nine gifts of more than $1 million helped break the single-year record for the university, which raised $31.2 million in fiscal 2014.
The following individuals donated $1 million or more (one individual remained anonymous):
Kirk Richter, former vice president and treasurer of Sigma-Aldrich, and Maureen Richter
Reliance Bank posts $40 million profit on tax benefit
Reliance Bank posted a whopping $39.75 million profit for the first six months of this year, thanks to a one-time tax gain of $36 million for losses incurred from 2009 through 2011 and booked in the second quarter.
Of that total, the bank’s core or pre-tax earnings accounted for $2 million for the quarter and $3.85 million for the first six months, and Reliance is on track for core earnings of $8.5 million for the year, which would be a record, Chairman Tom Brouster told the Business Journal.
Pi Pizzeria hopes to complete $750,000 Miami expansion by December
Pi Pizzeria is banking on Miami’s population density and affluence as it expands its reach into yet another region of the country.
The company announced plans to add a pizzeria at 124 Collins Ave. in Miami just months after announcing a new location in Cincinnati.
“Miami is just an incredible opportunity,” said owner Chris Sommers. “This is an area where there is a lot of high-end dining, but not at our price point.”
With the city’s density, international character and wealth, Sommers…
Emerson to build $20 million innovation center in Ohio
Emerson Climate Technologies will spend $20 million to build a new innovation center on University of Dayton’s campus, according to a statement from the school.
The 40,000-square-foot center will employ as many as 50 people and is slated to be complete late next year. The center will focus on research and education for the global heating, ventilation, air conditioning and refrigeration (HVACR) industry.
St. Louis-based Emerson (NYSE: EMR) is a $24.7 billion technology and engineering company.…
Lehman, Davis win default judgment as suit against Hayes continues
Dr. Richard Lehman and business partner Don Davis have been awarded a $14 million judgment from Truman Bancorp, the holding company of Truman Bank, which collapsed in 2012.
But it remains unclear who would pay the judgment, as the bank that acquired some of Truman Bank’s assets from the Federal Deposit Insurance Corporation, Simmons First National Bank, was dropped in May 2013 from Lehman and Davis’ lawsuit.
U.S. District Judge Catherine Perry’s order, dated July 18, stated that Truman Bancorp…