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Gail DonaldsonHaving lived in my adopted hometown for over twenty years now, I have made many friends through the years who have come to Maxwell Air Force Base for Officer Training School (OTS) and the School of Advanced Air and Space Studies (SAASS) from all over the world.  When the news came that the U.S. Air Force decided to locate the new F-35A fighter jet program, I was excited for the possibilities for the future of Montgomery.

Any time there is a new industry to a community, there will be opportunities for an economic impact.  The 187th Fighter Wing will receive the latest fighter jet to replace its F-16 jets.  The Air Force expects the F-35A’s to begin arriving in early 2023.  The decision came after a two-year recruiting process and could mean $3 billion in investment and new jobs in the coming years for the Montgomery area.  Once the jets arrive, its expected the economic impact to be more than $100 million yearly.

“Selecting Truax Field and Dannelly Field will increase Air National Guard F-35A units providing 5th Generation airpower around the world,” said Secretary of the Air Force Heather Wilson. “As F-35As arrive at these locations, we will use the existing aircraft at these fields to replace the aging F-16s at other Air National Guard units.”

Read More from: Bonds & Botes, P.C.

1 week 3 days ago

chapter 13 success
When he started the Chapter 13 trek, he owed $370,000 in personal loans and credit cards.

As he completes his plan, he will have settled that debt for three cents on the dollar.

No tax is due on the forgiven debt and no listed creditor can legally come back to try to collect the difference.

And that’s why I love Chapter 13 bankruptcy.

Read More from: The Soap Box

1 week 4 days ago

Upcoming Committee Formation Meeting:  Thursday, February 15, 2018 10:00 AM

Case Name: 18-10248 (MFW)

Location: The Double Tree Hotel, 700 King Street, Wilmington, DE 19801

Notice of Formation Meeting for Official Committee of Unsecured Creditors can be found here. See the petition for relief here.

Contact Norman L. Pernick and Nicholas J. Brannick for more information.

1 week 4 days ago

Upcoming Committee Formation Meeting:  Thursday, February 15, 2018 10:00 AM

Case Name: 18-10248 (MFW)

Location: The Double Tree Hotel, 700 King Street, Wilmington, DE 19801

Notice of Formation Meeting for Official Committee of Unsecured Creditors can be found here. See the petition for relief here.

Contact Norman L. Pernick and Nicholas J. Brannick for more information.

1 week 4 days ago

Readers react to the Consumer Financial Protection Bureau pulling back from investigating the Equifax breach, opine on the Federal Reserve's tough enforcement against Wells Fargo, weigh in on gender pay issues and more.

Read More from: BankThink

1 week 4 days ago

Analysts are wondering what the big Japanese technology fund plans to do with its proposed stake in Swiss Re; the insurer takes a onetime $6.7 billion loss due to tax reform.

Read More from: BankThink

1 week 4 days ago

Rep. Emanuel Cleaver, D-Mo., sent a letter to two virtual currency trade associations on Thursday asking them what their members are doing to prevent hate groups from using cryptocurrencies to finance themselves.

Read More from: BankThink

1 week 4 days ago

Additional consolidation would not strengthen the industry, but would instead leave consumers with less choice and reduced access to financial services.

Read More from: BankThink

1 week 4 days ago

Nine lenders have been warned by the U.S. that they will be kicked out of a top mortgage program within months unless they find ways to stop costly rapid refinances of veterans' loans.

Read More from: BankThink

1 week 4 days ago

Delaying the rule's effective date or refocusing it on disclosure requirements are among the options for the Consumer Financial Protection Bureau's acting director to ease its impact on the industry.

Read More from: BankThink

1 week 4 days ago

Marquette Bank is proof that community banks don't have to be the fastest or flashiest to compete with online lenders. Instead, the Chicago bank closely mirrored fintech offerings while promoting personal service to set itself apart.

Read More from: BankThink

1 week 4 days ago

The legislation, a similar version of which passed in the last Congress, would give favorable regulatory treatment to certain loans even if real estate-related fees were paid to an affiliate of the lender.

Read More from: BankThink

1 week 4 days ago

A provision in the Senate’s two-year budget deal would cut the Federal Reserve's operating surplus by $2.5 billion, the second time in recent years that Congress has diverted Fed funds.

Read More from: BankThink

1 week 4 days ago

The full Senate will now consider the nomination of Jelena McWilliams to lead the FDIC, as well as nominees to sit on the Federal Reserve Board and the Financial Stability Oversight Council.

Read More from: BankThink

1 week 4 days ago

Capital One has been rolling out coffee shops where it can offer banking services — but are not considered branches. The cafes have been especially effective at gathering deposits, putting more pressure on community banks that have already been losing deposits to their larger rivals.

Read More from: BankThink

1 week 4 days ago

More than one-third of the Office of Financial Research’s staff could soon be laid off, but the agency seems to lack the political clout needed to block the move.

Read More from: BankThink

1 week 4 days ago

Andrew Sandler, who is also CEO of Treliant, co-founded Buckley Sandler in 2009. He will step down from the firm in March.

Read More from: BankThink

1 week 4 days ago

It’s not just hourly workers who struggle to make ends meet — many managers also often find themselves short on cash each month. To help employees cope, the retail chain is using a tool developed by the fintech Even to give them access to their wages before the next pay period.

Read More from: BankThink

1 week 4 days ago

The journey Diane Morais is taking Ally on is all about being more relevant to customers. Doritos offers a lesson on how to do the opposite. CIT's Ellen Alemany says banks are 'terrific' about addressing sexual harassment. But what about the gender pay gap and boardroom balance?

Read More from: BankThink

1 week 4 days ago

The Fed determined that Jacob Goldstein, who was also president of NBRS Financial Bank, improperly signed off on loans without telling the board that he would benefit from them. The bank failed in 2014.

Read More from: BankThink

1 week 4 days ago

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