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BANKING
• Bank of Utah, Ogden, has added a commercial lending office in its newly acquired full-service branch at 620 W. 100 S., Heber, to better serve Wasatch County-area businesses. Kevin Stocking has been hired to lead the effort and serve as senior vice president/commercial loan officer. Stocking formerly served as president of Grand Valley Bank in Heber. He has expertise in commercial and small-business lending, construction loans, lot loans, home equity loans, HELOC, consumer loans and credit analysis.
CONTESTS
• The deadline is Sept. 6 for submissions to the Best of the West Award program. To qualify, organizations must be located west of Interstate 15 in Salt Lake County. Submissions will be scored on achievement, innovation and community involvement. Award categories include arts and entertainment; business services; community development; dining establishments; education; hospitality, travel and tourism; merchandising and consumer services; production and manufacturing; science and technology; and sports and recreation. The awards ceremony is set for Nov. 5. Details are at saltlakesbestofthewest.com.
DIVIDENDS
• The board of directors of Extra Space Storage Inc., a Salt Lake City-based owner and/or operator of self-storage properties, has declared a quarterly dividend of 90 cents per share on the company’s common stock for the 2019 third quarter. The dividend is payable Sept. 30 to stockholders of record Sept. 16.
GOVERNMENT
• Boeing has been selected by the U.S. Air Force to continue A-10 Thunderbolt II sustainment work under an indefinite/indefinite quantity (IDIQ) contract, with a maximum value of $999 million. The 11-year award builds on more than a decade of A-10 support by Boeing. Under the contract, Boeing will be responsible for managing the production of up to 112 wing sets and spare kits. The Air Force ordered 27 wing sets immediately at contract award. Boeing will team with Korean Aerospace Industries and other suppliers to deliver the first wing sets to Hill Air Force Base. Under a previous contract, Boeing delivered 173 enhanced wing assemblies.
INVESTMENTS
• DW Healthcare Partners, a healthcare-focused private equity firm in Park City and Toronto, has announced several executive promotions, including Eric Moore being promoted to principal. Moore joined DWHP’s Toronto office in 2012 and now works in the firm’s Park City office. For two years between his Toronto and Park City careers, he took a stint working for sPower. He currently acts on the boards of Spectrum Solutions and Med-Pharmex. He started his career in investment banking at Nomura and currently serves on the Young Leaders Council of the Healthcare Private Equity Association.
LAW
• Holland & Hart has hired JP Tarbutton for its Salt Lake City corporate team. Tarbutton counsels emerging growth companies at all stages of the corporate life cycle in entity formation, venture capital financings, mergers and acquisitions, and other business transactions. His clients include venture capital firms, emerging growth technology startups, and large companies. He has extensive experience representing strategic investors in private company financings. Tarbutton previously was an associate at Orrick, Herrington and Sutcliffe LLP in its Technology Companies Group in Silicon Valley. His education includes a B.S. in business administration from the University of Utah’s David Eccles School of Business.
NONPROFITS
• Richard K. Ellis will be appointed executive director of my529, Utah’s official nonprofit 529 educational savings plan, on Sept. 13 at the USHE Board of Regents meeting at Utah State University. He will succeed Lynne N. Ward, who is stepping down Oct. 4 after 15 years as executive director. Ellis is senior director of compliance, finance and investments at my529 and has served in the role since November 2015. He previously served seven years as Utah state treasurer. Other professional experience includes serving as chief deputy state treasurer, director of the Governor’s Office of Planning and Budget, and executive director of the Department of Administrative Services for the state of Utah. He received his Master of Business Administration from the University of Utah and a bachelor of science degree in business from Brigham Young University.
PHILANTHROPY
• Mountain America Credit Union and Alex Boyé teamed up Aug. 22 to raise over $30,000, with all proceeds benefiting the Bend Not Break Foundation. The Mountain America Charity concert took place at the Sandy Amphitheater. The money raised will support suicide awareness and prevention. The foundation was founded by Boyé, who is an official advocate for the American Foundation for Suicide Prevention. He travels the country to uplift junior high and high school students struggling with depression and suicidal thoughts.
REAL ESTATE
• Oakwood Homes of Utah has broken ground on a new residential development, known as Wander, in Saratoga Springs. The community will have more than 1,600 homes, as well as seven parks, three churches and a community pool. Future additions will include retail offerings, restaurants and a new elementary school. The development will offer five home collections, from townhomes to carriage-style homes, ramblers and multi-level homes that can accommodate up to five or six bedrooms. Homesite sales are expected to begin this fall when Oakwood will also open its 18-model-home complex dubbed “Wanderland.”
• Columbus Pacific, a Los Angeles-based developer, has acquired Hyatt Centric Park City, a lifestyle hotel. Financial terms were not disclosed. The ski-in, ski-out property is Columbus Pacific’s second venture in hospitality. Situated at the base of Park City mountain, Hyatt Centric Park City offers 120 deluxe guest rooms, inclusive of 85 stacked flat one-, two-, three- and four-bedroom condominium residences. Columbus Pacific’s growing portfolio in the destination includes the Kimball Arts Center; Apex Residences at the top of Canyons Village; and Pendry Park City, a ski-in, ski-out resort and residential development to debut in 2021.
• The Zeller, a Class A, transit-oriented, multifamily development at 2255 S. 300 E., Salt Lake City, has been sold by a joint venture partnership between Watt Investment Partners and certain funds managed by Westport Capital Partners. Financial terms were not disclosed. The Zeller was completed in 2018 and consists of 293 modern-style apartment units. Eli Mills and Patrick Bodnar of CBRE represented the seller in the transaction.
RECOGNITIONS
• The Qualtrics Employee XM, an employee experience product line of Qualtrics, Salt Lake City, has been named a top 10 HR software provider in Newsweek’s inaugural “Best Business Tools” list. Qualtrics was the only employee engagement and experience provider listed as a top HR software. The list recognizes the best providers of business software and software services across 54 categories. The Best Business Tools were selected based on a nationwide survey of more than 10,000 professionals, conducted by Statista. Each provider was rated in several criteria, including: trust, service promise, reliability, security, improvement and satisfaction.
RETAIL
• U-Haul has opened a moving and self-storage facility at 610 W. Price River Drive, Price, at the site of a former Kmart store. U-Haul Moving & Storage of Price is offering truck and trailer sharing, towing equipment, moving supplies and more from a temporary showroom. U-Haul acquired the 96,848-square-foot building June 27. Adaptive reuse of the property will result in about 700 indoor self-storage units. Propane and professional hitch installation will be available on the 9.8-acre lot in the near future. When fully operational, the facility will have a staff of at least 15.
TECHNOLOGY/LIFE SCIENCES
• Canopy, a Lehi-based producer of cloud-based software for tax and accounting professionals, has hired Larry Furr as vice president of product. Furr’s responsibilities will include overseeing the strategy, management, and design of Canopy’s suite of products and charting Canopy’s product roadmap. Furr has nearly two decades of product strategy and development experience, most recently serving as COO and vice president of product at Lingotek.
• MX, a Lehi-based company that produces a data platform for banks, credit unions and fintech companies, has hired Shane Evans as a member of the executive committee and the company’s first chief revenue officer. Evans is responsible for revenue-generation strategy and execution, along with leading and scaling sales and partnership teams. Evans is a former senior vice president of sales at Qualtrics and held executive sales leadership roles at PROS, InMoment and AxisPointe.
• ATL Technology, a Springville-based producer of custom medical connector systems, custom interconnect assemblies and turnkey manufacturing solutions, has named John Scadden as chief financial officer. Scadden has more than 25 years of experience with high-growth companies, most recently serving as CFO at two Oregon-based companies. He also has also been treasurer of FEI Co. and held finance roles within Novell Inc.
TRANSPORTATION
• SkyWest Airlines, a subsidiary of St. George-based SkyWest Inc., has appointed Greg Wooley to the new position of vice president of airport operations. Wooley will be responsible for airport ground operations at all SkyWest and vendor-handled locations, as well as the development and implementation of their respective operational procedures and policies. He will oversee ground equipment, corporate real estate and ground personnel training, and will work with partners to support a reliable and positive customer experience. Wooley has more than 25 years of aviation experience, including leadership positions in airport services, inflight and maintenance training and standards, as well as flight standards and regulatory compliance. Most recently, he was vice president of flight operations for ExpressJet Airlines. Wooley succeeds Steve Black, who retires after 28 years with SkyWest Airlines.