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Posted by: stocktrader247

Friday October 23, 2009

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IBERIABANK (www.iberiabank.com), the 122-year bank subsidiary of IBERIABANK Corporation (Nasdaq: IBKC), is pleased to announce the naming of Gregory A. King as Executive Vice President and President of the Birmingham, Alabama market.

King started his career with Highland Bank in Birmingham. He joined AmSouth Bank in 1997 (later bought by Regions Bank) where he served in a number of roles. He worked in the Metropolitan Commercial Banking Group and served as Assistant Relationship Manager and then as Vice President and Commercial Banking Relationship Manager. King moved to Chattanooga, Tennessee, in 2005 as Senior Vice President and Sales Manager for Commercial and Industrial Banking in Southeast Tennessee and North Georgia.

He most recently served as Senior Vice President and Market Manager for Middle Market Commercial and Industrial Banking in North Central Alabama for Regions Bank.

Suncor Energy Inc. reports that it has submitted a regulatory application for changes to the company's oil sands mining and extraction operations that target significant improvement in the speed of reclamation of oil sands tailings at the company's existing oil sands operations near Fort McMurray. The proposed process changes and implementation of new technology, called Tailings Reduction Operations (TRO) are subject to approval by the Energy Resources Conservation Board, Alberta Environment and Suncor's Board of Directors.

"TRO is a significant advance in tailings management and reclamation," says Kirk Bailey, executive vice president, Oil Sands. "We believe it will help us meet new provincial regulatory requirements and, just as importantly, the changing expectations of stakeholders."

Tailings are a mixture of fine clay, sand, water and residual bitumen produced through the oil sands extraction process. As tailings settle, a portion will eventually form into mature fine tailings (MFT), a substance that historically has taken many decades to firm up sufficiently for planting and surface reclamation. Consolidated tailings (CT) technology, pioneered by Suncor in the 1990s, is the current method of speeding this settling process. The CT process adds coarse sand and gypsum to accelerate the release of water.

Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that the company has entered into definitive agreements with qualified institutional buyers and accredited investors to effect the sale of 900,000 shares of a new issuance of a 12 percent cumulative participating perpetual convertible preferred stock for $90 million in gross proceeds. The company has also granted the initial purchaser and placement agent a 45-day option to purchase up to an additional 100,000 shares of preferred stock.

The closing of the transaction is expected to occur on or about Nov. 6, 2009, and the company intends to use the offering proceeds to repay in full its credit facility at the agreed reduced principal amount equal to approximately 65 percent of the principal amount outstanding under such facility. The balance of the offering proceeds will be used for general working capital purposes and transaction costs. As part of the preferred stock offering, the $5 million subordinated loan provided on Oct. 2, 2009 to the company by an affiliate of its largest stockholder will be converted into the preferred stock at the offering price and accrued interest will be paid with respect to the subordinated loan.

Consorteum Holdings, Inc. (OTCBB: CSRH) is pleased to announce a corporate update with respect to its business activities. Over the course of the past 60 days, several meetings and presentations have occurred between the Company's management and various corporations, private and public, to further the development of the company’s Card Programs, Merchant Discount Rates and new Joint Venture business relationship. As a result of these meetings, we have identified several new key business opportunities that will lead to increased revenues in 2010-2011.

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