The weekly wrap: NY investment bank to open local office

Monday, July 28, 2008 at 2:36am

Healthcare-focused Shattuck Hammond will be the latest addition to the local investment banking scene. The firm is moving into Burton Hills space for its fifth office, which will join outposts New York, Atlanta, Chicago and San Francisco.

Leading the local crew will be SunTrust Robinson Humphrey banker Duncan Dashiff, who is set to come on board in late September. Dashiff was part of the healthcare team that moved from SunTrust to start a local Raymond James office in 2001. He returned to SunTrust Robinson Humphrey in 2006.

Otter’s inks first franchise deal

Otter’s Chicken Tenders will open a franchise restaurant in Murfreesboro’s Gateway district this December. The 2,652-square-foot locations will be the company’s fourth in Middle Tennessee.

Local attorneys Beau and Lauren Moss will operate the location, which will be close to the new Middle Tennessee Medical Center under construction. Nashville-based Otter’s also will open a location in East Nashville’s 5th & Main development later this summer.

Cigarran new Health Care Council chairman

The Nashville Health Care Council has named its board of directors for the coming year, with Healthways founder Tom Cigarran taking over the chairman’s slot from Community Health Systems CEO Wayne Smith, who has held the post since 2006.

Serving as vice chairman will be Psychiatric Solutions CEO Joey Jacobs. Other new board members serving three-year terms are Vic Campbell, a senior vice president with HCA, Jim Houser, president and CEO with Saint Thomas Health Services, and Healthways CEO Ben Leedle.

Fed: All district banks report ‘price pressures’

The Federal Reserve said all 12 of its regional bank districts reported “elevated or increasing” price pressures during June and July amid slower economic growth.

Five of the districts indicated “a weakening or softening” in their economies and consumer spending was “sluggish or slowing” in every region, the central bank said in its economic survey.

“The most changes have come about in prices being paid by consumers and by businesses,” Philadelphia Fed President Charles Plosser said in an interview with Bloomberg Television. While most policymakers believe inflation expectations are constrained, it’s important “we act before those expectations become unhinged,” he said.

— For breaking business news, visit Bloomberg News contributed to this roundup.

Filed under: City Business