Volume 16Issue 17

March 20, 2010

PRST STDU.S. Postage

PAIDPermit #353Columbia, MO

7Premier SaleFirst State Community Bank acquires Premier Bank’s three local branches, makes Columbia its largest market.

Anatomy of a BankA look at the leadership of Boone County National Bank, one of Columbia’s largest private companies. 14

25New Business UpdateAQ Beauty moves to a new location, offers wigs, hair products, make-up and more.

See Page 17

SPECIAL SECTION

Health and Fitness

www.columbiabusinesstimes.com $150

ph

oto

by

jen

nif

er

ke

ttle

r

By Dianna Borsi O’Brien

So much for the small talk. When I finally got to sit down with Jeff MacLellan for an interview, I casually mentioned that for someone recently retired, he’d been pretty hard to catch. Had he been out of town?

No, he answered. He had prostate cancer, and he’d been in the hospital having his prostrate removed.

That’s Jeff MacLellan: straightforward, honest, not one to mince words.

MacLellan dealt with his health crisis the same way he’s always dealt with banking challenges: collecting lots of information and staying determined to succeed.

MacLellan stepped down as chairman and CEO Landmark Bank at the end of December, though he’ll work

part-time for the next three years to help the company through the transition. The move came eight months after he orchestrated the consolidation of First National Bank & Trust in Columbia, First National Bank in Southern Missouri and Landmark Bank in Oklahoma and Texas into one bank with 36 locations in 25 communities and $1.5 bil-lion in assets.

Outside of Columbia’s banking circles, many people know MacLellan from his annual analysis of the local economy. For 23 years, MacLellan has been collecting and analyzing vast amounts of economic data and giving, at no charge, presentations to scores of service organizations such as Rotary and Kiwanis as well as Chamber of Commerce events.

Jeff MacLellan: The Man Behind the Numbers

(continued on Page 10)

The Columbia Chamber of Commerce Board of Directors has endorsed candidates in local elections for the first time.

Many members applaud the advocacy and are glad to see the leadership extend its recently established Voter Voice campaign from political issues to particular candidates. A survey of Chamber members indicated they wanted the organization to become more actively engaged in the political process, Chamber President Don Laird said.

But several members have complained about the unprecedented endorsements of individual candidates, and a few have threatened to quit the Chamber.

Like most organizations, the Chamber is not a democracy; its nine-member executive committee and 19 other board members decide who gets to join the board and pick what stands to take. Then they portray the positions as that of the 1,200-member Chamber as a whole.

The Chamber Chairman Byron Hill chose the five members of the Endorsement Task Force chaired by Randy Coil, but Laird declined to name the other four members.

For the next CBT, we’ll poll Chamber members and business operators to determine the extent of the discontent, and we encourage readers to call or e-mail the editor editor@businesstimescompany.com; 499-1830 ext. 2). v

Chamber picks election fight

MacLellan with four of his five grandchildren: 8-month-old Blake, second from left; and triplets Cole, left, Rory and Carly.

2 M

arch 20, 2010 Colum

bia Business Tim

es | Colum

biaBusinessTim

es.com

17

5Breast Cancer Debate: Interpreting the new USPSTF recommendations for breast-cancer screening

People You Should Know: Darin Preis, executive director of Central Missouri Community Action

Beckett and Taylor Agency .......................... 13Boone County National Bank ...................... 28Business Showcase .................................... 27CenturyLink ................................................. 18City of Columbia Water & Light ..................... 3Columbia Home & Lifestyle ........................... 6Columbia Turf & Landscape ........................ 25GFI ................................................................. 7Huber & Associates ..................................... 21Kelani Hair & Day Spa ................................. 17Landmark Bank ............................................. 2MU Trulaske College of Business ................ 26Naught Naught Insurance Group ................ 17Sandler Training ........................................... 12SOCKET ...................................................... 24The Insurance Group ..................................... 4The Village of Cherry Hill ............................. 23UMB ............................................................ 22US Bank ...................................................... 10West Bend ................................................... 19Whiskey Wild ............................................... 11Willie Smith's Magic Services ..................... 17Wine Celler & Bistro ..................................... 16

ABC 17 News ............................................................ 4ABC Laboratories Inc. ............................................. 16Addison’s ................................................................... 8Agents National Insurance Company ........................ 4AQ Beauty and Supply ........................................ 1, 25Arysta LifeScience ..................................................... 4Bengals Grill .............................................................. 8The Blue Note ............................................................ 5Boone County National Bank .................... 1, 4, 14, 15Boone Hospital Center ............................................ 18Café Berlin ................................................................. 8Central Dairy .............................................................. 4Central Missouri Community Action ...................... 2, 5CiCi’s Pizza ................................................................ 6Columbia Daily Tribune.............................................. 8Country Kitchen ......................................................... 3Diamond Pet Foods................................................... 4Ellis Fischel Cancer Center ............................... 19, 25Emerging Professionals in Columbia ......................... 3First State Community Bank ................................. 1, 7Ford, Parshall & Baker ............................................... 4FOX 22 ....................................................................... 4Heart of Missouri United Way.................................... 4Independent Stave Company .................................... 4Job Point ................................................................... 6Kohl’s ......................................................................... 8Kubota Tractor Corporation....................................... 4Landmark Bank ................................. 1, 10, 11, 12, 13Main Squeeze ............................................................ 8Mid-Missouri Bankruptcy Center .............................. 6Midwest Independent Bancshares Inc. ..................... 4Missouri Head Start ................................................... 5Osher Lifelong Learning Center ................................ 3Premier Bank ......................................................... 1, 7Ragtag Cinema ...................................................... 5, 8Red Oak Investment Company ................................. 8Re-Entry Opportunity Center..................................... 6Regional Economic Development Inc. ................ 8, 11RE/MAX Boone Realty ............................................ 13Services for Independent Living ................................ 6Shakespeare’s Pizza .................................................. 3Simon Oswald Architecture ....................................... 6Socket ....................................................................... 4Sophia’s ..................................................................... 8Susan G. Komen ..................................................... 19TimeLine Recruiting LLC ........................................... 4True/False Film Fest .................................................. 8University of Missouri Health Care ...................... 6, 17Van Matre, Harrison and Hollis P.C. ........................... 8Walmart ..................................................................... 8Women’s Network ..................................................... 3Woodruff Sweitzer ..................................................... 4

3 M

arch 20, 2010 Colum

bia Business Tim

es | Colum

biaBusinessTim

es.com

The Columbia Business Times is published every other Saturday by The Business Times Co. 2001 Corporate Place, Suite 100, Columbia, Mo 65202. (573) 499-1830.

Copyright The Business Times Co., 2008. All rights reserved. Reproduction or use of any editorial or graphic content without the express written permission of the publisher is prohibited. Third-class postage paid at Columbia, Mo. The annual subscription rate is $39.95 for 26 issues.

OUR MISSION STATEMENT:The Columbia Business Times strives to be Columbia’s leading source for timely and comprehensive news coverage of the local business community. This publication is dedicated to being the most relevant and useful vehicle for the exchange of information and ideas among Columbia’s business professionals.

Writers in this issue: Jacob Barker, Jennifer Kettler, Dianna O'Brien, David Reed, Nancy YangColumnists in this issue: Al Germond, Mike Martin, Bill Watkins

Chris Harrison | General Manager | Ext.1010David Reed | Group Editor | Ext.1013Alisha Moreland | Art DirectorSarah Handelman | Graphic DesignerJennifer Kettler | Photo Editor | 573-529-1789Renea Sapp | Business ManagerCindy Sheridan | Operations ManagerBetsy Bell | Marketing RepresentativeBecky Beul | Marketing RepresentativeJoe Schmitter | Marketing RepresentativeAshley Meyer | Creative Services

(573) 499-1830 | (573) 499-1831 faxeditor@businesstimescompany.com

CBt BUSINESS CAlENDAR

March 24Chamber of Commerce Membership luncheon11:30 a.m. to 1 p.m. at Shakespeare’s West, 3304 W. BroadwayThe Chamber of Commerce’s Membership Committee will hold a lunch networking session and roundtable designed to inform new and seasoned Chamber mem-bers about the benefits and opportunities presented by a Chamber membership. For more information contact Suzanne Rothwell at 817-9110.

Columbia City Hall Ribbon Cutting6 to 8 p.m. at the new Daniel Boone Building Addition, Eighth and BroadwayThe Chamber of Commerce Ambassadors will host a ribbon cutting for the new city center. The public is invited for refreshments and tours of the new Council chamber and offices.

Women’s Network Changing the Odds Committee Meeting8 to 9 a.m. at the Walton Building, 300 S. ProvidenceThe Women's Network Changing the Odds Committee provides an opportunity for Women's Network to assist individuals who are entering, re-entering or transitioning within the workforce.

25Emerging Professionals in Columbia Mixer5:30 to 7:30 p.m. at the Reynolds Alumni CenterEPIC will host a networking event for Columbia profes-sionals looking to share ideas or just catch up. The $5 cost includes appetizers. For more information, contact Emily Poore at epoore@ColumbiaMOChamber.com.

26Intermediate QuickBooks class9 a.m. to noon at Osher Lifelong Learning Center, Training Room 3, Room 127, 3215B Lemone Industrial Blvd. Registration deadline March 22.Students will deal with more advanced topics such as customizing forms, progress invoicing, billing for labor and materials, creating letters with Word, purchase orders, sales orders, inventory tracking and reporting. The cost is $49. Contact Durrender Sanders at sand-ersdc@missouri.edu for registration information.

Missouri Chamber of Commerce Forum7:30 to 9 a.m. MU Old Alumni Center on the Greens, 1105 Carrie Francke Drive The 2010 Business Innovation Series event, which starts with a breakfast, will focus on new business markets. The Chamber says the forums give business owners a way to learn about the latest changes in policy and the marketplace and provide the opportunity for in-depth discussion with other area business leaders on ways to address these challenges. Participants can register at www.mochamber.com. For more information, contact Amanda Yoder at the Missouri Chamber of Commerce and Industry at ayoder@mochamber.com or by phone at 573-634-3511.

April 2Executive Connections Meeting7:30 to 9 a.m. at the Country Kitchen, 1712 N. ProvidenceExecutive Connections is a subcommittee of the Small Business Committee and is designed to offer Chamber an opportunity to exchange ideas and solve problems. For more information, contact Liz Glockhoff at 817-9119.

4 M

arch 20, 2010 Colum

bia Business Tim

es | Colum

biaBusinessTim

es.com

Wilson

Conrad

Thompson

Putnam

Parshall

Miller

Howe

Kotovsky

(continued on Page 6)

Hirings Joe Putnam has joined Socket’s business sales team.

Putnam will be an account representative and will work with small businesses across the state to provide high-speed Internet, Web hosting and other telecommuni-cation services. He previously worked as a physician recruiter at Timeline Recruiting LLC and served as a pre-ventive medicine specialist in the Army for eight years.

Agents National Title Insurance Company hired Cheryl Cowherd as underwriting counsel. Cowherd grew up in the Kirkwood, Mo., area and moved to the Kansas City area, where she currently resides. Since 2000, Cowherd worked for a national title insurance underwriter, both as underwriting counsel and agency account manager.

PromotionsTracey Conrad has been selected to serve as the

next principal at Hickman High School. Conrad will replace Michael Jeffers, who announced his departure in February. Conrad is currently an assistant principal at Hickman High School. She has 25 years of experience in education and started out as a teacher. Conrad holds a doctorate in education from the University of Missouri-Columbia. Conrad’s selection is the culmination of a selection process that included a screening committee of teachers, parents and administrators, followed by a second round of interviews with the faculty interdisci-plinary council at Hickman High School. The process also included a PTSA parent reception to meet the final-ists and faculty presentations from the finalists. Faculty and staff were also provided an opportunity for input.

JW Broadcasting promoted Erica Nochlin to week-night co-anchor of ABC 17 News at 10 and ABC 17 News at 9 on FOX 22. Beginning March 7, Nochlin teamed with Ryan Tate to anchor the flagship station’s 10 p.m. news-cast Sunday through Thursday. She will also anchor the 9 p.m. news, which airs on FOX 22. Nochlin will continue to report for the stations on a daily basis. She took over the late night newscasts from Brynn Gingras, who took a reporting job in Hartford, Conn. Nochlin is a Kansas City-area native who has been with the stations since August 2007. She started as a reporter and was pro-moted to weekend anchor/reporter in June 2008.

Boone County National Bank appointed Jennifer Thoma as assistant vice president, compliance officer. Thoma, who has 14 years of financial service experience, is responsible for ensuring and monitoring compliance with all banking laws and regulations. She will coordi-nate the bank’s compliance and risk management pro-grams. Thoma began as an assistant branch manager for

BCNB and was later promoted to auditor. In 2005 Thoma became auditor and BSA officer and later added assis-tant vice president.

Boone County National Bank announced four employee promotions made in the month of February: Brad Shimmens, Devin Whetsel and Emily Roark were promoted to second-level tellers; Kasey Sloop, who joined BCNB as a consumer banking representative, was named insurance specialist for BCNB’s Dogwood Insurance Company.

Woodruff Sweitzer announced Cynthia Kotovsky and Kristal Kelly have both received promotions to senior account executive. Kotovsky has been with the agency for more than two years and leads numerous client accounts including Diamond Pet Foods, Boone County National Bank, Central Dairy and the University of Missouri Crosby MBA Program. With the agency almost two years, Kelly is the lead on many client accounts including Arysta LifeScience, Independent Stave Company and Kubota Tractor Corporation.

Appointments

The Boone County National Bank Board of Directors named Gary W. Thompson and Roger B. Wilson to the board at its annual meeting in February. Thompson is president and chief operating officer of Columbia Insurance Group. He also serves as co-chair of the major firms division of the Heart of Missouri United Way campaign and as a member of the finance committee for the University of Missouri Alumni Association. Wilson is president and chief executive officer of Missouri Employers Mutual. He previously was a state senator, lieutenant governor for two terms and governor, com-pleting Mel Carnahan’s term in 2000.

John Howe was elected to the board of directors of Midwest Independent Bancshares Inc. and Midwest Independent Bank. Howe is the Missouri Bankers chair and professor of finance at the University of Missouri-Columbia. He has been employed with the university since 1994.

Jeff Parshall has become a Fellow of the American College of Trial Lawyers, a group that limits member-ship to 1 percent of the total lawyer population of any state. Parshall is a partner in the firm of Ford, Parshall & Baker and has been practicing in Columbia for 33 years.

Jon Dalton, vice president of operations at Monarch Title Co., was one of 32 business and state leaders chosen to participate in Leadership Missouri, a seven-month leadership enhancement program sponsored by the Missouri Chamber of Commerce and Industry.

Stannard

5 M

arch 20, 2010 Colum

bia Business Tim

es | Colum

biaBusinessTim

es.com

PEOPLE YOu SHOUlD KNOW

Executive Director, Central Missouri Community Action

Darin Preis

AGE: 39 YEARS LIVED IN MID-MISSOURI: 10

JOB DESCRIPTION: Oversee all operations, staffing and management for eight-county Community Action agency. Communicate mission, priorities, fiscal responsibility and programmatic initiatives to 21-member board of directors. Lead the development of Central Missouri Community Action. Manage contract compliance, program development, staff development and resource mobilization.

ORIGINAL HOMETOWN: St. Louis (Go Cardinals!)

EDUCATION: University of Missouri, Truman School of Public Affairs, master of public administration, August 2005. Southwest Missouri State University, bachelor of arts degree in English, minor in communications, May 1994.

COMMUNITY INVOLVEMENT: Since I have been in Columbia, I have attached my own success to that of our community. I served on the Columbia Public Schools Board of Education from 2005 to 2008. Currently, I am the treasurer of the PedNet Coalition, a board advisor to First Chance for Children and am working on the Columbians for Continued Excellence in Columbia Public Schools campaign to get the school bond issue passed on April 6. I am also on the steering committee for the Healthy Environment Policy Initiative. I am a board member of the Missouri Association for Community Action, a member of the downtown Rotary and co-chair of the Education Committee for the Columbia Chamber of Commerce.

PROFESSIONAL BACKGROUND: I started my career as a grant writer for a large Community Action agency in Springfield, Mo. After a few years, I moved to Columbia to be the assistant director of the Missouri Head Start State Collaboration Office, a quasi-governmental organization charged with creating a link between local Head Start programs throughout the state and state government departments. In 2003 I was promoted to director. In 2005, I was hired as the executive director of Central Missouri Community Action.

A COLUMBIA BUSINESSPERSON I ADMIRE AND WHY: Richard King, The Blue Note. I don’t know Mr. King very well, but I’ve always admired the fact that he runs a successful business doing something that he appears to love and that is such an integral part of the entertainment fabric of our community.

WHY I’M PASSIONATE ABOUT MY JOB: I love going home every day feeling like I did everything I could do to make our community stronger and improve people’s lives. CMCA’s mission is to empower individuals and families to achieve self-reliance. We do this every day by offering a variety of programs and services designed to move people out of crises and give them the opportunity to set goals and reach them. With an engaged community, we can facilitate personal development and success so our entire community is stronger.

IF I WEREN’T DOING THIS FOR A LIVING, I WOULD: I’ve always wanted to run a restaurant/movie theater. I went to one in Washington, D.C. many years ago and always thought it was a fun idea. Fortunately, Ragtag has the market tied up, so I can enjoy the

concept without all the work. Other than that, I’d like to publish a novel. I used to write a lot until I got busy with a career and family, but I still think I’ve got a book in me somewhere.

BIGGEST CAREER OBSTACLE I’VE OVERCOME AND HOW: Early in my tenure with CMCA and while I was on the school board, I found it hard to say “no” to anything and was heavily overcommitted. Having too many obligations decreased my ability to do anything as well as I would have liked, and I felt like the more I did, the less effective I was as a father, husband and community leader. When my school board service ended, it gave me the opportunity to reprioritize my family and other obligations. Although I continue to work hard and support community initiatives, learning to accept that I can’t do everything has allowed me to focus on the things that are most important to me.

A FAVORITE RECENT PROJECT: CMCA has received several million dollars of American Recovery and Reinvestment Act funds during the past six months. The planning and development to expand existing programs and start new ones has been exhilarating, stressful and extremely rewarding. Because we have a “living” strategic plan, we already had the framework in place for applying new resources. CMCA is poised to help many people in mid-Missouri who are struggling to make ends meet and will be implementing innovative approaches to an old problem.

WHAT PEOPLE SHOULD KNOW ABOUT THIS PROFESSION: People in the non-profit community work extremely hard to make Columbia and mid-Missouri strong. Our collective work has an enormous impact on the quality of life in Columbia, and the dollars we use to serve our community have a multiplier effect that means hundreds of millions of dollars circulated through our local economy.

WHAT I DO FOR FUN: There are few things I enjoy more than hiking in the woods with my family and dogs or riding bikes on the MKT. I also enjoy time with friends, chasing my son around the yard and a good game of Super Mario Brothers. I love MU sports, and I am a big St. Louis Cardinals fan.

FAMILY: Stacey and I have been married for 10 years, and we have an 8-year-old son, Hayden, who is in second grade at Mill Creek Elementary. Stacey is the executive director of the Joint Committee on Education for the Missouri General Assembly and recently completed her Ph.D. in education policy at MU. Hayden has decided that tennis is his favorite sport and wants to be an explorer/zoologist/archaeologist/park ranger/teacher. Not a bad plan if you ask me. We also have a Black Labrador named Boo Radley and a Border Collie mix named Shelby (after my favorite car), both adopted from shelters, who might enjoy the outdoors even more than me.

FAVORITE PLACE IN COLUMBIA: Rock Bridge State Park.

MOST PEOPLE DON’T KNOW THAT I: I served in the U.S. Army Reserves for 11 years. Half of that time was in a field artillery unit, and the other half was in a transportation company.p

ho

to b

y je

nn

ife

r k

ett

ler

6 M

arch 20, 2010 Colum

bia Business Tim

es | Colum

biaBusinessTim

es.com

PEOPlE ON THE MOvE...continued from Page 4

February / March 2010

black history month

Attention Business Owners

www.columbiahl.com

Columbia Home & Lifestyle Magazine is Columbia's only magazine created exclusively for women.

• Annual household incomes greater than $75,000• More than 27,000 readers see your message in each issue• Women infl uence 80+% of purchasing decisions

• 73% of readers frequently purchase products/services from ads seen in CH&L Magazine

Your ad dollars are wisely invested in CH&L because your message is mailed directly into the homes of our readers where it can make an impact. Distribution makes a difference!

When you're ready for results, call (573) 499-1830

Certifications/AwardsDr. James Stannard, chair of the Department of Orthopaedics at the University

of Missouri School of Medicine and an orthopaedic surgeon at University of Missouri Health Care, has received subspecialty certification in orthopaedic sports medicine by the American Board of Orthopaedic Surgery. Stannard joined University Physicians in September 2009.

Simon Oswald Architecture announced that Jody Boulware Miller completed the Architectural Registration Exams. Jody is from Hatton and joined SOA in 2001.

Job Point announced that the following awards were presented at its annual ban-quet: Rhonda Matthews, a former legal assistant with Mid-Missouri Bankruptcy Center who recently accepted a position with the Re-Entry Opportunity Center in Columbia, was given an award of excellence for exemplary vocational and per-sonal achievement; Tania Cook, Job Point’s skills training coordinator, was hon-ored as employee of the year; CiCi’s Pizza was selected as employer of the year; and Services for Independent living was honored as partner of the year.

RestructuringThe University of Missouri Extension’s Business Development Program has gone

through a series of personnel moves recently. The program includes the Missouri Small Business & Technology Development Center and the Missouri Procurement Technical Assistance Center. The agency said the following changes have occurred in response to the growing importance of small business as an economic develop-ment driver and job creator throughout the state: Steve Wyatt, former program

leader of the Business Development Program, was chosen earlier this year as the vice provost for economic development for the MU campus. In his new role, he will work to coordinate MU’s numerous economic development activities and find new opportunities for business creation and support for existing business and commercialization.

Max Summers, state director of the MO SBTDC, is serving as interim program leader for the Business Development Program.

Chris Bouchard, associate state director of the MO SBTDC, is serving as interim state director.

Mary Paulsell, former director of the University Center for Innovation and Entrepreneurship, which houses the central Missouri offices of the MO SBTDC and MO PTAC, has assumed statewide responsibilities with both programs as director of strategic initiatives and communication.

Within the University Center, virginia Wilson has assumed duties as director of small-business development, and Jim Gann has assumed duties as director of technology business development. They share administrative responsibilities for the University Center and coordinate all business counseling and training activities in central Missouri.

Also joining the statewide team are John Brueck as director of strategic part-nerships and David Schmidt as director of Business Research and Information Development Group. v

Wyatt Summers Bouchard Paulsell Wilson Gann Brueck Schmidt

7 M

arch 20, 2010 Colum

bia Business Tim

es | Colum

biaBusinessTim

es.com

Columbia to become First State’s largest marketBy Jacob Barker

The announcement that Premier Bank is selling its three Columbia branches to First State Community Bank marked the beginning of the end for the city's most troubled lender and a huge expansion for the Farmington-based bank.

The boards of both banks have approved the transaction announced March 5. First State expects to close the deal in July after regulatory approval, Vice Chairman and CEO Greg Allen said.

First State is acquiring all of Premier’s Columbia deposits and physical assets, and “the majority of Premier employees will stay with us,” Allen said. But the bank is purchasing only a portion of Premier’s Columbia loans, between $55 and $60 million worth, he said.

First State just finished acquiring two branches of Truman Bank in Jefferson County, and the Premier purchase will make Columbia the bank’s largest market, Allen said.

“We’ve always looked at the Columbia market as being attractive,” he said.

The purchase continues a legacy of expansion throughout Eastern Missouri since First State opened in 1954. Since 1980, First State has been buying bank branches in small communities, and with the Premier purchase First State will have 32 locations in 24 com-munities. It has operations in Hillsboro, Sikeston, Warrenton, Owensville and Cape Girardeau, among others. It also runs insurance companies in addition to its banking operations.

“We’ve kind of pecked away at it,” Allen said about the bank’s growth. “We never were an organization that tried to grow 20 to 30 percent a year. We just try to take advantage of the opportunities we get.”

Allen said Premier’s strong customer base and employees in Columbia will be an asset to the organi-zation. He said the Columbia operations would grow depending on how First State grows with the market. When asked whether First State was interested in any of Premier’s other branches, in St. Louis for example, Allen said there had not been any discussions about that yet. First State has always focused on smaller communities, he said, and it’s not really interested in moving into the St. Louis metro area. Moving into the Columbia market is already a pretty big step for the bank.

“We’re very excited about it, and I think it will become a very important part of our organization,” he said.

Premier’s fast rise during the Columbia real estate boom led to a hard fall after the bubble burst. The Jefferson City-based bank opened in 1995 and expanded into Columbia in 1998 and the St. Louis metro area in 2003. By 2006, it had $1 billion in total assets. But as real estate values began plummeting and speculative borrowers could no longer flip their land or find tenants for their commercial projects, Premier’s Columbia portfolio quickly soured.

Last March, the Federal Reserve put the bank’s holding company under supervision. In September, Columbia Market President Steve Smith resigned. Premier lost $31 million in 2008 and $58 million in 2009.

“Premier sustained heavy losses in 2008 and 2009 due to our problem real estate portfolio,” Premier CEO Bruce Wiley said in a statement. “FSCB is an excellent bank to assume our quality assets and sub-stantial deposit relationships while providing excel-lent jobs and benefits to the Columbia employees that have been so important to Premier’s growth.”

John Howe, a finance professor and the Missouri Bankers Chair at the University of Missouri’s Trulaske College of Business, said it appeared that Premier “needed some cash” because of capital requirements set by federal regulators and other reasons.

“To raise cash they had to sell quality assets,” Howe said. “It’s hard to sell the bad assets in this environment.” (Quality assets include loans in which payments are being made on time and banking opera-tions in a market with strong growth potential, and bad assets primarily are non-performing loans.)

Howe pointed out that he does not know the spe-cifics of Premier’s financial situation, but said that selling the Columbia operations “is probably the best option in a set of bad options for Premier.”

Because of the anemic state of the economy, “their options were really limited. They are giving up some quality assets, but that’s really the only stuff that’s sellable in this environment.”

When a bank fails outright, the shareholders lose their investments, the federal government takes over and sells the assets and covers the deposits – which now are insured now to $250,000 for each account holder. Premier sold only a part of the company and will continue its other banking operations.

Howe said the ownership change “may actually increase the competitive environment for banking in Columbia.” FSCB has a relatively low percentage of non-performing loans and has been making money, and Howe said the bank demonstrated its strength by expanding in a weak economy.

“In some sense, these assets are moving from weak hands to strong hands,” Howe said, “or from a weak-ened competitor to a strong competitor.”

8 M

arch 20, 2010 Colum

bia Business Tim

es | Colum

biaBusinessTim

es.com

From the Roundtable

Let’s not miss new industrial, technological opportunities

City viewCharter amendments seek to modernize how city does business

Al Germond is the host of the "Sunday

Morning Roundtable" every Sunday at 8:15

a.m. on KFRu. al@columbiabusinesstimes.

com

Al Germond

Watkins is Columbia’s city manager. cityman@

gocolumbiamo.com

Bill Watkins

vOICES

It's an interesting exercise to review Columbia's hits and misses in the economic development contest.

The hits include: • landing and retaining the University of

Missouri and adjuncts, including the sprawling medical complex, a $1.8 billion enterprise with about 13,150 employees overall;

• landing and retaining the regional insur-ance companies State Farm and Shelter, with their extensive investment in our community and more than 1,000 employees apiece;

• ending up astride transcontinental Interstate 70 and U.S. Highway 63 as overland connection with the rest of the country.

But Columbia has also had its share of misses. The biggest might be ending up far away from mainline railroad and connected instead to snail's pace branch lines. (That also begs the curious decision to site the community nearly 10 miles inland from the Missouri River.)

Aside from a shoe factory and a couple of other relatively tiny industries, the town fathers avoided courting so-called "smokestack" industries or, for that matter, any enterprise that might be described as "heavy" or seasonal as to employment.

Now rumors are abuzz of close-to-closing deals that would bring new industries to Columbia.

Shovel-ready sites are attracting industry scouts, particularly those representing data center developers and tenants. But there’s an even bigger fish that the city is either about to land or lose from the hook. We’re a finalist to get a company to occupy a vacant structure in LeMone industrial park — one that would initially employ 200 workers and eventually employ more than 800. Recruiters used several kinds of bait, including a huge local tax break for large electricity usage recently approved by the City Council.

At the same time, community-wide discus-sions are taking place about Columbia's elec-tronic accessibility and accompanying delivery speeds over both wire and wireless communi-cations networks.

An entrepreneur friend recently spoke of Columbia's relatively undistinguished status in terms of Internet connectivity and described disparities between upstream vs. downstream data transfer speeds. It reminded me of my earliest experience using the telephone here years ago.

Columbia had a dial telephone 80 years ago, but it was strictly a four-digit intermural

system. I arrived here from the first commu-nity in the world to offer its residents direct distance dialing in 1951. I found that making a long distance call during much of the 1960s in Columbia could be a challenging exercise. With only a handful of wire-line connections to transcontinental cables in those pre-automatic equipment days, calling long distance via a limited number of operators was hardly an instantaneous procedure, especially on Sunday evening.

To most of us, the conventional telephone is an antique, retained by a diminishing number of us because its trail of wire still offers reassur-ance of reliability enforced through memories of clever advertising.

Columbia's former shameful, ignominious status as a backwater of telephone service must never be allowed to resurface as it applies to current and rapidly evolving technologies.

Columbia must keep up with Internet development and connectivity. One positive action every resident could take: join the campaign to persuade Google to pick Columbia for its fiber-optic broadband trial program. Individuals can nominate Columbia by going to a local Web site, comofiber.net. v

In 1892, a mayor/council government was adopted. In 1949, there was a push to reform municipal government by adopting a Home Rule Charter that incorporated an elected city council to handle policy and a professional city manager to administer the various departments.

According to the brochure designed by the 1949 Columbia Charter Committee, 13 citizens from all parts of Columbia worked together to “write a tailor-made charter suitable for the needs of Columbia.” Voters approved the Home Rule Charter on March 29, 1949.

Since 1949, voters have approved several changes to the charter; though not a complete list, a few of the election dates include January 1975, April 1981, November 1984, November 1992, April 1995, April 1997 and April 2001.

The City Council is proposing five amendments to the Home Rule Charter for the city of Columbia. The proposed amendments are primarily “housekeeping” in nature and are subject to voter approval at the April 6 municipal election.

Proposition 2: Allow the city manager to designate an assis-

tant city manager as acting city manager in the event of the city manager’s absence or disability.

This change would allow, but not require, the city manager to appoint one of the city’s assistant city managers to handle administrative duties should the city manager be unavailable. This duty currently must fall to a department head. Although our department directors per-form the duty admirably for short time periods, it makes sense to allow one of our assistant city managers to step in when the manager is out of pocket for longer periods.

Proposition 3: Eliminate the restriction on transfer of funds

within the first six months of a fiscal year.

At one point, it made sense for the charter to prohibit transfers of funds from one office, department or agency to another during the first six months of the city’s fiscal year. Today, the city is much more aggressive in pursuing grants and outside funding opportunities. The city is also more actively involved in cross-departmental and cross-agency partnerships. Without the ability to react quickly to budget issues, time-sensitive projects can be held up needlessly. The proposed change doesn’t mean that transactions can occur without oversight. It simply allows transactions to be approved by City Council more expeditiously and with more transparency.

Proposition 4:Remove the requirement that the director of

the Water and Light Department be a registered engineer.

In 1948, the city-owned Water and Light utility had a budget of $327,209. With a current budget of approximately $120 million, today’s Water and Light director needs to be more of a CEO than a technician. The department cur-rently has six registered engineers who handle the technical side. By removing the “engineer” requirement for the director, we can expand our pool of applicants and seek candidates who demonstrate the ability to be a strong operations manager and visionary leader.

Proposition 5: Amend the charter provisions pertaining to

elections and initiative, referendum and recall.Under the original charter, the city clerk was

the primary election official. We now work very closely with the Boone County clerk on election items. As Columbia grows and the number of voters and community petitions increases, more time is needed to process petitions for candi-dates and issues. Language in the proposed amendment clarifies that petitioner information

must be legible and, therefore, easier to verify. We are fortunate that the Boone County clerk now verifies signatures or helps the city do so, but the turnaround time in the current charter is difficult to accommodate. For example, the charter states that initiative petitions must have signatures representing 20 percent of voters or at least 400 voter signatures. Today, 20 percent means that at least 2,500 signatures must be verified. By modernizing the process, we can ensure better verification while saving signifi-cant overtime costs associated with the current time constraints.

Proposition 6:Allow city funds in any city depository to

be secured by the same kinds of securities that secure state funds in state depositories.

Right now, the city may only accept obliga-tions of the U.S. government as security for banking purposes. Through this proposed amendment, the city seeks to comply with state standards by adopting the acceptable collateral list established by state statute. Approval of this amendment would give the city greater flexibility in how municipal funds are secured and, potentially, what we pay for those services. Although this amendment would adopt modern financial standards, the city would continue its tradition of taking a conservative approach in protecting city assets.

A simple majority of qualified electors is required to pass any of the proposed amend-ments. Information about the charter amend-ments is posted at www.GoColumbiaMo.com. Copies of the amendments are also available in the office of the city clerk.

Along with the proposed charter amend-ments, there are many other important commu-nity issues on the April 6 ballot. I encourage you to exercise your right to vote. v

9 M

arch 20, 2010 Colum

bia Business Tim

es | Colum

biaBusinessTim

es.com

Mr. and Mrs. Columbia Small-Business Person, please ask yourselves some questions before voting April 6.

Is the narrative about expanding business opportunities in Columbia really about you? Do you need a shovel-ready site or a city sub-sidy to install electrical infrastructure?

Do you have $10,000 to apply for Tax Increment Financing? Do you or your firm operate a Transportation Development District?

Has billionaire developer Stan Kroenke offered to lease his long-empty Osco building to your business at a great rate? When was the last time Regional Economic Development vis-ited your office?

Are you able to build a big headquarters similar to the new City Hall? Are you getting lots of work from the local high and mighty?

If you answered “no” or “never” to these questions, then I want to talk about the snow job you’ve been receiving from city govern-ment, the Chamber of Commerce, Council can-didates and others who say they’re dedicated to improving our local business climate right around election time.

In Columbia, economic development is too much about land development. If small busi-nesses and the residents who work for them want to prosper, this narrow-minded, trickle-down philosophy that scolds Columbia’s bohe-mian streak must end.

Pinnacle of absurdity

Columbia Daily Tribune publisher Henry J. Waters has, during the past year, illustrated how little the local establishment supports the average small-business person.

Calling himself “The Butterfly,” Waters became the loudest voice in last year’s push to use eminent domain against Bengals Grill owners Jack and Julie Rader and the small-business people, including Adam Dushoff, who operate Addisons and Sophia’s restaurants.

Lining up behind Hank: a big-money army, from developer Jeff Smith to Realtor Otto Maly. And leading the charge at City Hall is not that guy in the vest the Chamber of Commerce can’t wait to be rid of or those Council people who vote for bikes and chickens; it’s “business-friendly” City Manager Bill Watkins.

That these establishment cronies would so easily “go nuclear” to secure land for a new State Historical Society museum is beyond the pale.

But just as bad: Local business people are herded into believing that their only real support lies with these establishment cronies.

We’re told that the enemies of capitalism — Columbia City Council members Karl Skala, Barb Hoppe; Ragtag Cinema and True/False Film impresario Paul Sturtz; and Jerry Wade (post-Bob McDavid) — are wrecking the local economy.

This thinking would represent the pinnacle of absurdity if Hank Waters weren’t sitting in judgment, once again, as the “endorser-in-chief” of April’s candidates and issues.

But he is.

little bohemiaIf those City Council members aren’t

enemies of capitalism, you ask, why are they focusing on chickens and bicycles instead of shovel-ready development sites?

Smart business people don’t ignore large demographics. For many small-business people, profiting in Columbia means selling goods and services to our bohemian brethren — they of the chicken coops and solar panels and biking to work instead of driving the car.

It means emulating successful entrepre-neurs such as Sturtz and his business partner, David Wilson, or the restaurateurs behind Main Squeeze and Café Berlin. It means John and Vicki Ott’s Berry Warehouse renovation, not the latest TDD-hungry Walmart.

It means what one downtown insurance agent wrote the Columbia City Council when the eminent domain push almost snuck through on the Council’s automatically approved Consent Agenda.

“Amidst this troubled economy, owning property in The District is a good thing,” he wrote. “Many stakeholders have nurtured their investments for decades, waiting to see them mature.

“I don’t know them personally, but they have been part of the solution to revitalize downtown. They are proud of their investment decision and excited to be part of downtown commerce.

“They have struggled to keep their small businesses alive, paid their property taxes and stood beside other District business owners while nurturing their retirement nest eggs.

“Eminent domain can be a nest egg thief. Don’t pull the rug out from under these folks.”

Those “enemies of capitalism” the Chamber of Commerce dislikes voted down eminent domain and left the rug in place. Remember that when you vote April 6. v

Columbia attorney Craig Van Matre recently wrote a letter to city officials criticizing the Planning & Zoning Commission’s decision to reject Red Oak Investment Company’s application to rezone property on the south side of Grindstone Parkway, across from the Walmart Supercenter, to Planned Commercial.

Van Matre represents THF Red Oak Development, which owns the site of the Kohl’s department store on the north side of Grindstone Parkway, and THF Grindstone Plaza Development, which owns the adjacent Grindstone Plaza Shopping Center anchored by the Walmart Supercenter. Attorney Bruce Beckett represented a separate company with a similar name, Red Oak Investment Co., in connection with the application.

Van Matre wrote that his clients and the Red Oak Investment Company, which are partners in a Transportation Development District, have reached a cost-sharing arrangement so the stoplight can be installed at the intersection.

Van Matre contends that during the hearing, P&Z members misconstrued the relationship between his clients and Red Oak Investment Co. and improperly interpreted a development agreement regarding Grindstone Parkway.

But the strongest assertions came at the conclusion of his letter of March 15 to Planning Director Tim Teddy. Here is the last section of Van Matre's letter with his headline:

Perversion of Zoning Process What follows… is certainly not necessary to

adequately and clearly state my clients' position on

the issues. Nor is what follows necessary to correct the misapprehension of the pertinent facts involved. However, I believe that the Planning and Zoning Commission needs to understand its proper role and proper focus in considering rezoning applications brought before it, and the lack of justification for its decision in the Red Oak Investment Company appli-cation provokes the following comment.

It is my understanding that the application was denied because the commissioners did not want a traffic light at the Grindstone Plaza Drive/Grindstone Parkway intersection. That is a traffic issue and not a zoning issue. The only issue properly before the Planning and Zoning Commission on the evening of March 4, 2010, was whether the zoning category or classification of Red Oak Investment Company's real estate should be changed.

Several of the commissioners stated that a com-mercial zoning for the Red Oak Investment tract was proper but that they did not want to grant that zoning for fear that would hasten the date when a stoplight was installed on Grindstone Parkway, a state highway.

In my opinion, that type of reasoning is both dan-gerous and improper in the extreme. It is like saying that it would be justifiable to withhold police or fire protection from a location in an effort to prevent its development. It is like refusing to grant a building permit for a new house because of fear that the new occupants will have school-aged children who will burden a school in the neighborhood.

There was no evidence before the Commission to the effect that some impermissible effect on traffic would be created because of the development of the Red Oak Investment Company's tract. Instead, the commissioners substituted their own personal prefer-ences with respect to traffic flow on a state highway for what should have been their proper analysis of the Red Oak application.

It is important for people to understand the rule of law in this country. Governmental bodies have lim-ited jurisdiction over others when they act within the course and scope of that limited jurisdiction.

The Planning and Zoning Commission is not a policy-making body where new rules and con-siderations can be imposed upon other citizens at the whim and caprice of the Commission. The City Council announces the criteria that will be utilized in assigning land use classifications. Nothing in the City's Ordinances states that a rezoning application can be denied solely because it might cause a traffic light somewhere adjacent to that property to become necessary.

The commissioners' belief that their personal travel time down Grindstone Parkway somehow trumps a property owner's right to the highest and best use of its land is both breathtaking and perverse.

Sincerely,Craig Van MatreVan Matre, Harrison and Hollis P.C.

Citizen Journalist

April’s elections and the “economic development” snow job

letter to the City

Attorney criticizes P&Z positions on Grindstone development

vOICES

Mike Martin is a Columbia resident and

science journalist mike.martin@nasw.org

Mike Martin

10 M

arch 20, 2010 Colum

bia Business Tim

es | Colum

biaBusinessTim

es.com

PERSONAlITY PROFIlE...Continued from Page 1

Jeff MacLellan: The Man Behind the NumbersWhy the devotion to economic indicators?

MacLellan started his banking career as a loan officer and was promoted to a management position in Texas’ biggest bank, Republic Bank Corp. In 1984, a quirk of fate pushed him up the ladder. The president of the North Dallas Bank was caught breaking the law, and MacLellan was offered his position, an opportu-nity he quickly seized.

“I wanted to run my own piece of the business,” said MacLellan, who became a bank president at age 36. “I had a blast doing so.” But then came the Great Texas Banking Crisis, which lasted until 1994 and left only one of the state’s 10 largest banks standing when it was all over. The price of oil, the lifeblood of Texas' economy, plummeted, as did the housing market.

“There were problem loans, problem credit, problem people,” MacLellan said.

Then in 1987, his uncle who served on the board of First National told them that the Columbia bank was looking for a new president. By now he and Becky, his wife, had two children, Carrie and Jay, and MacLellan wasn’t interested in uprooting his family. Nor was he planning on leaving Texas, where he had ample opportunity to use the Spanish he’d learned growing up in Mexico City, Mexico, where his father worked as a commercial photographer at the U.S. Embassy with the Rockefeller Foundation.

His initial reaction to the opportunity: “No; hell no.”

Yet, he was familiar with mid-Missouri. He’d attended high school at the Missouri Military School in Mexico, Mo. Becky had attended the University of Missouri-Columbia. “We knew the area well,” he said.

So he warmed to the idea, and by midyear he’d taken the job. They built a home on five acres and have since moved twice and built each time on large lots. “I’ve lived in the big city; I wanted a little more space,” MacLellan said.

Although he was relieved to land in Missouri, which had avoided the widespread reces-sion, MacLellan vowed he’d never be surprised by an eco-nomic downturn again. That’s why he began collecting the data.

Diagnosis, deliberate response When MacLellan heard his

diagnosis of prostate cancer in November, he characteristically responded by turning to the data.

MacLellan delayed his treat-ment until after Christmas so he could be with his family, which now includes five grandchildren, the lights of his life. His office is plastered with pages of coloring books inscribed to “Abi,” the kids’ name for their grandfa-ther and a shortened version of “abuelo,” Spanish for grandfather.

But MacLellan wasn’t just waiting. He was researching, collecting information. At 62, he’s young for a diagnosis of prostate cancer, he said, and he found data that outlined his options and indicated the

best procedure for a long-term cure was radical: Let doctors remove his prostate.

Then he went ahead. The surgery was performed in January, and he was

out of the office for 12 days, nine of them business days. Then he was back at work, back to walking four or more miles on the MKT Trail or at the Columbia Mall with Becky and back at being “Abi” to 3-year-old

ph

oto

s b

y je

nn

ife

r k

ett

ler

After 23 years MacLellan retires from Landmark Bank.

11 M

arch 20, 2010 Colum

bia Business Tim

es | Colum

biaBusinessTim

es.com

PERSONAlITY PROFIlE

triplets Cole, Carly and Rory; Blake, 6 months; and Nolan.

“The path(ology) report said I was clean,” MacLellan said. “That made my day, my week, my month, my life.” He said he now has a 90-percent-plus possibility of being cancer-free for life. “I’ll take those odds.”

Focus and driveKevin Gibbens, who worked with MacLellan

for about a dozen years before replacing him as CEO of Landmark Bank, said his predecessor displayed an admirable focus, drive and balance while overseeing the bank’s growth.

“Jeff’s an excellent manager of people,” Gibbens said. “He’s decisive, and he has a clear sense of what he wants to do.”

MacLellan has an uncanny knack for getting at underlying issues and reaching a decision, Gibbens added. But he also never loses sight of the effect of his decisions, whether it is on cus-tomers or employees.

That — keeping an eye on the consequences and, as always, on the numbers — is why Landmark Bank weathered the recent downturn so well, Gibbens said.

“We were profitable through the recession,” Gibbens pointed out.

“Ahead of the curve”Sabrina McDonnell, executive vice presi-

dent/chief administrative officer of Landmark, recalls the exact moment MacLellan took action to ensure the bank was ready to weather the storm. It was fall 2008, and stories of economic difficulties were already coming out of Wall Street and moving across the country.

“Jeff switched into high gear,” McDonnell said. At an executive council meeting, he brought a list of actions the company was going to take immediately. She recalls MacLellan saying, “Here are four things we’re going to do today.” McDonnell, however, thought, “Are we sure?” They were already planning for the company consolidation, and she felt there were many other urgent matters to deal with.

But as it turned out, MacLellan was right. “He was ahead of the curve,” McDonnell said. Bank officers began calling customers, terming them “listening calls” and making suggestions to their customers to help them prepare for lean times.

MacLellan credits Landmark’s continued focus on conservative community banking. Making high-risk loans wasn’t in the best interest of the bank — or for the community.

Yet, MacDonnell credits MacLellan’s vision for the company’s success. “People who learn from their experience (such as MacLellan’s in Texas) are the people you want to work with.”

Maintaining balance and supportGibbens said MacLellan is always telling

his employees about balance. Known for his fast driving and even for putting his watch on the table during meetings — a visual reminder for everyone to stay on their toes and on topic — MacLellan is also known for supporting his people.

McDonnell remembers when her father died, MacLellan was at the funeral. She said he’s always interested when someone is facing prob-lems — and when they’re doing well.

When MacLellan came on board, McDonnell was in charge of the tellers. Today she’s an exec-utive vice president. McDonnell said she was discussing his style of mentoring with another member of the executive management team recently, and they agreed that MacLellan sees beyond what people think they can do to what they can do. She also noted that many times MacLellan has given her or others tasks they thought were impossible but then completed as the boss expected.

Although MacLellan had a habit of coming into work early and staying late on weekdays, when Friday afternoon came around, he was ready to go home and told his fellow workers to do the same, Gibbens said. Many times, he said, MacLellan tried to scoot him out of the office.

MacLellan also has a long record of commu-nity service. He’s been involved in United Way and the Rotary Club and serves on the University of Missouri Flagship Council, a nonprofit devoted to boosting MU’s interests, and on the board of Regional Economic Development Inc. Earlier this month, MacLellan was reappointed to the board of Columbia Area Jobs Foundation, a nonprofit devoted to developing shovel-ready development sites.

Driving to the lakeColleagues joke that on retirement MacLellan

might consider a NASCAR career. They specu-late that his penchant for road racing might have been honed by frequent drives to his second home at the Lake of the Ozarks. It’s a refuge where he and his family spend so much time and to which he’s so devoted that they added a third story to accommodate his two children, their spouses and the five grandchildren along with other visiting relatives.

Piles of paper engulf MacLellan as he sorts through projects in his office at Landmark Bank. The former CEO turned the reins over to Kevin Gibbens in January and plans to work half-time until he officially retires in three years.

12 M

arch 20, 2010 Colum

bia Business Tim

es | Colum

biaBusinessTim

es.com

“Man, it feels good to be a banker.”By Dianna Borsi O’Brien

So you think bankers are boring? Check out Landmark Bank’s rap videos on Youtube, and think again.

After all, more than 3,000 viewers can’t be wrong.that’s how many viewers have watched Landmark’s

first rap video, which was posted to Youtube on May 20, 2009.

Rhiannon trask, vice president of marketing at Landmark, said the first rap video was an effort to help create a company culture to bring together the employees of the 36 locations in 25 communities brought under the umbrella of Landmark Bank on April 25, 2009. that’s the day when First National Bank & trust in Columbia, First National Bank & trust in Southern

Missouri and Landmark Bank in Oklahoma and texas were combined into Landmark.

trask knew she wanted to create a common company culture, but she also wanted to have fun with the project and the name change. So the very scientific way she went about this, said trask, tongue-in-cheek, was to look through the photos she had from when First National participated in Columbia’s Moo-Dah Parade. She came across a picture of four men who were acting, well, silly.

these four quickly became the band Money ‘N tha Bank and turned out the first rap video in less than two hours. the videos all feature the four men, who are Landmark employees during working hours: Geoff Karr, “D.J. Jazzy G-Off,” branch manager at Rock Bridge; Joe Ritter, “J-Riddy,” branch manager at the Garth Street location; Aaron Armentrout, “Peanut M&M,” branch manager at 63 South; and Nate Cain, “Big Delicious,” teller supervisor at the Stadium Boulevard location.

Initially, the name-change rap was only going to be shown at employee functions, but when trask and others saw it, she said, “We were blown away.”

the next step was to do a rap to introduce all the Landmark employees to the company’s real estate

lenders. that one was posted to Youtube on July 24, 2009, and has since received more than 3,000 views.

Later, Landmark Bank was involved in welcoming new members to the Columbia Chamber of Commerce, and trask and her team of rappers saw another oppor-tunity to change what could be a boring event into something more memorable.

the fourth video, “Man, It Feels Good to Be A Banker,” was designed to help kick off the executive team’s strategic planning and budgeting event.

Apparently even rap can’t make some information interesting. Posted to Youtube on Sept. 28, 2009, it has received only 1,074 views. Yet this video shows Jeff MacLellan, then chairman and CEO, bobbing his head and participating, even saying in Spanish, “Landmark Bank, es el mejor” (translated in the video as, “Landmark Bank is the best”). MacLellan has since retired and is now vice chairman.

“We’ve always had fun,” said trask, noting the company’s relaxed atmosphere. they wanted to have fun with the name change and other bank events, but the opportunities for the bank’s rap group have kept coming.

In December, when MacLellan retired, Money N’ tha Bank created a rap for that, too. Posted on Dec. 18, 2009, it has garnered 316 views so far.So what’s next?

More rap videos are in the works, and trask said the ones posted to Youtube have taken on lives of their own, with word being spread about them through Facebook and twitter. the bank also has a link to Youtube on its Web site.

She’s even heard the rap videos have been cited at presentations at various banking conventions including the New England Financial Marketing Association.

“We were thrilled,” trask said.

Visit www.columbiabusinesstimes.com for links to all Landmark rap videos.

photo Courtesy of jay pelzer

13 M

arch 20, 2010 Colum

bia Business Tim

es | Colum

biaBusinessTim

es.com

PERSONAlITY PROFIlE

Or it might be that he developed his hard-driving habits during his frequent visits to the banking company’s 36 locations, his wife often in the passenger seat.

Becky, however, said she first noticed that he liked to drive fast in Mexico City, where they met in 1970. Jeff was still attending Southern Methodist University in Texas and was three years younger than Becky. She said it wasn’t love at first sight, but she was attracted to his maturity and his foreign patina from his years of living in Mexico.

After they married, MacLellan joined the military, which was a great training ground, he said, because it taught him to work hard and to accept whatever task he was given and do it well without complaining.

He served in the U.S. Air Force during the Vietnam War, though he was not in Vietnam. He was assigned to the Strategic Air Command in Nebraska and Guam, where his job was to ana-lyze the data, intelligence and photographs col-lected overnight to brief his commanding officer each morning.

The beauty of the numbersMaking those daily reports understandable

might have led to the popularity of his economic presentations he continues to give, just as he has for decades.

Don Laird, president of the Chamber of Commerce, said what makes MacLellan’s anal-ysis of Columbia’s economic data stand out is that he makes the numbers and his conclusions clear. There are no difficult, weird ratios, he said. “He tells it like it is, and he has a good finger on the pulse of Columbia.”

Richard Mendenhall, owner of RE/MAX Boone Realty, was a member of the bank’s board when they hired MacLellan, and the two became friends during the past two decades. Calling MacLellan one of the hardest working

and best bankers he’s ever known — and in several decades of the real estate business, he’s known many — Mendenhall said he’s relied on MacLellan’s analyses when making deci-sions affecting RE/MAX as well as his personal investments.

His reports and presentations include multiple indicators including housing starts, employment figures, population growth and other information available at a multitude of venues, but MacLellan brings it all together.

“It isn’t just part of the story; it’s the whole story,” Mendenhall said.

Mendenhall said the best thing about MacLellan’s information is that his presenta-tions and reports are based on facts, not percep-tions or rumors.

Yet, MacLellan isn’t just a numbers person. As a member of the board, Mendenhall has watched MacLellan move employees up the cor-porate ladder and guide the banking company as it grew from fewer than 90 employees in the Columbia location to 620 employees in three states when he retired in 2009.

“He has an uncanny sense of numbers,” Mendenhall said, but just as important, he noted, “Jeff’s a people person.”

MacLellan rarely wears a collared shirt and tie and typically is dressed in a short-sleeved polo shirt — including the day when he appeared in the bank’s video rap, “Man, It Is Good To Be A Banker.” Not a lot of CEOs would be willing to try bobbing their heads to rap music for a pro-motional video.

And now, with his cancer bout behind him, working fewer hours and spending more time as granddad, “Jeff Mack” is finding it is, indeed, good to be a banker. v

MacLellan and Gibbens have worked on passing the torch for the past 12 years.

Bo Fraser, Board Chairman

Former BCNB president/CEO

Mark AdamsPresident, Columbia Orthopaedic Group

Jay BurchfieldManager, Wilgate Development LLC

Charles Digges Jr.President,

The Insurance Group

Steve ErdelPresident/CEO BCNB

Robert GerdingPresident, Gerding, Korte & Chitwood

Susan Stalcup Gray

Co-founder, Isabel’s Country Mustard

Erdel

Marcks Stepanek Steinhoff Taylor

VP, Mortgage Loan Officer

Terry Collier

VP, Mortgage Loan Officer

Lynn Limback

AVP, Mortgage Loan Officer

Scott Smith

VP, Mortgage Loan Officer

Mike Gilbert

VP, Business Banking Officer

Rob Quinn

AVP, Cash Management Officer

Bonnie Lawler

Business Banking Supervisor

Tatha Todd

SVP, Marketing

Mary Wilkerson

Board of Directors

SVP, Regional Manager, Central Trust & Investment Company

Dave Stepanek

Starr Wilkerson

VP, Department Manager,InvestorServices

Jo Crumpacker

VP, Consumer Loan Department Manager

Mike Wagner

EVP, Consumer Banking

Karen Taylor

Bank Sales Managers

BCNB Board of Directors

EVP, Relationship Banking & Sales

Greg Steinhoff

VP, Chief Fiduciary Officer & Relationship Manager

Patricia Coriden

Executive VP & CFO

Judy Starr

AVP, FacilitiesManagement

Kerry Farnham

AVP, Controller, Accounting Department Manager

Julie Houseworth

AVP, Operations &Security Officer

Reggie Wilhite

Senior VP, Director of Human Resources and Development

Melody Marcks

AVP, Human Resources

Pam Knowlees

AVP, Professional Development and Information Security Officer

Julie Arnett

AVP, Professional Development

Denise Boyd

President & CEO

Steve Erdel

VP, Business Development

John Bailey

VP, Relationship Manager

Keith Schawo

VP, Relationship Manager

Michel Plut

VP, Investment Team Leader

Greg Berg

VP, Senior Portfolio Manager

Steve JeffreyVP, Senior Portfolio Manager

Mark MatejkaVP, Senior Portfolio Manager

Ken Frevert

Stanley KroenkePresident,

The Kroenke Group

Jerry PriceManager,

Suzi Davis Travel

Shelly SimonPresident,

Simon Oswald Associates

Gary ThompsonPresident/

COO, Columbia Insurance Group

Mike VangelPresident, VANGEL

Bruce WalkerDean, Trulaske College

of Business, MU

Roger WilsonPresident/

CEO, Missouri Employers Mutual

Graves Bornhauser

SVP, Commercial Banking

Rick PoeAVP, Credit Administration

Karen Cornell

EVP, Commercial Banking Department Manager

Jim Bornhauser

SVP, Commercial Banking

Ed Scavone

AVP, Commercial Banking

Ryan Bross

VP, Commercial Banking

Stan Gerling

SVP, Commercial Banking

Rick Ravenhill

AVP, Commercial Banking

Chris Rosskopf

VP, Commercial Banking & Administration

Jill Cox

VP, Mortgage Loan Officer

Terry Collier

VP, Mortgage Loan Officer

Lynn Limback

AVP, Mortgage Loan Officer

Scott Smith

VP, Mortgage Loan Officer

Mike Gilbert

BCNB, with 326 employees, is one of Columbia’s largest private companies.

At the start of the year, BCNB had $1.2 billion in assets, including $710 million in loans and $974 million in deposits.

BCNB gave more than $250,000 in cash to nonprofit groups in 2009, and employees are involved in nearly 150 nonprofit organizations and volunteer efforts.

BCNB traces its roots back to 1857, when Columbia merchant Moss Prewitt

and his son-in-law, R.B. Price Sr., came up with $250,000 in capital to start the local branch of St. Louis-based Exchange Bank.

Most of the deposits back then were from farmers who wanted the bank to hold money they received in the sale of crops, livestock and other products until they needed it. After the Civil War, the bank changed its name to Boone County National Bank.

In 1974, BCNB joined Central Ban-company, a Jefferson City-based hold-ing company. #

Boone County National Bank

VP, Consumer Banking

Sherry WaddillVP, Relationship Banking &

Classic Director

Cindy Whaley

Director, Customer Service Center

Mary Beth Gillum

VP, Consumer Loan Department Manager

Mike Wagner

EVP, Consumer Banking

Karen Taylor

BCNB Board of Directors

SVP, Mortgage Loan Department Manager

Deborah Graves

Relationship Manager

Stephen Parshall

Manages 17 branch locations

VP, Relationship Manager

Chris StevensAVP, Relationship Manager

Deb HarmonVP, Senior Portfolio Manager

Ken Frevert

16March20,2010C

olumbia B

usiness Times|C

olumbiaB

usinessTimes.com

ConsTruCTion update

Location: 7200 E. ABC LaneCost: $4.2 millionContractor: ARCO Construction Company, St. LouisCompletion: June

The construction project undertaken to accommodate the expansion of ABC’s chemical division is taking place at the company’s original campus.

The project is the second major assignment ABC Laboratories has awarded to ARCO, the design/build firm, in three years. In 2008, ARCO completed a new 90,000-square-foot pharmaceutical de-velopment facility at the University of Missouri’s Discovery Ridge Research Park for ABC’s phar-maceutical division.

“ARCO’s ability to understand our design needs, provide competitive pricing and meet a very rigorous timeline on this project made them a great choice,” said Byron E. Hill, president and CEO of ABC Laboratories. “We also value that they hire local subcontractors, which benefits our local economy and shows our commitment to the Columbia community.”

ARCO is updating the exterior finish of the 25-year-old building, redesigning and modernizing 27,000 square feet of laboratory and office space and crafting a 10,000-square-foot addition, which includes a 2,000-square-foot walk-in freezer and a 5,000-square-foot sample prep area. The sample area uses durable clean-room finishes with walk-in exhaust chambers for the testing and analysis of chemical compounds. From the lighting, heating, ventilation and air conditioning and electrical systems, the entire facility is being designed to be more energy-efficient.

All laboratory space is being completed to the highest regulatory standards for drug and chemi-cal analysis. The sample prep lab will circulate 100 percent outside air and have six walk-in exhaust chambers with high-efficiency, particulate-absorbing (HEPA) bag-in/bag-out filtration systems as well as four exhaust wash-down stations.

Additionally, ARCO is installing new fire protection, communication and building management systems; bringing underground plumbing up to code; modifying the existing heat pump system; adding new high-efficiency chiller and boiler systems; expanding the electrical system and adding back-up generators; and renovating the IT area and computer room air conditioning units.

Together, ARCO and ABC Laboratories have planned and sequenced the construction work to allow ABC to operate at full capacity throughout the entire project.

Established in 1968 and headquartered in Columbia, ABC Laboratories provides contract devel-opment services to the pharmaceutical, animal health, crop protection and chemical industries. The company currently employs approximately 330 scientists and support personnel. v

Construction permits: Permitsvaluedmorethan$100,000,issuedFeb.15-28

Coil Construction2102N.Garth$1,600,000Commercialaddition

sunco investment Group LLC3401Clark$450,000Commercialalteration

Wilcoxson Custom Homes LLC3300GraniteCreek$270,000Newsinglefamilydetached

Beacon street Properties LLC5002Laredo$210,000Newsinglefamilydetached

Mike Haynes Construction3203FunderburgMill$200,000Newsinglefamilydetached

Wilcoxson Custom Homes LLC703Python$200,000Newsinglefamilydetached

John Hansman Construction4605McMickle$180,000Newsinglefamilydetached

John Hansman Construction4502McMickle203CedarFalls306Reedsport$170,000eachNewsinglefamilydetached

Fairway Meadows Corporation4004EagleView$165,000Newsinglefamilydetached

rKi Custom Homes4601McMickle$155,000Newsinglefamilydetached

Wilcoxson Custom Homes LLC2608SpanishBay$120,000Newsinglefamilydetached

sneed Building & Design LLC5103LakeTrout$110,000Newsinglefamilydetached

Total February construction valuation: $6,489,367

construction PerMiTs

ABC Labs Renovation, Expansion

Re

nd

eR

ing

by

gM

A d

es

ign

gR

ou

p in

C.

17March20,2010C

olumbia B

usiness Times|C

olumbiaB

usinessTimes.com

sPeCiAL seCTion | health & fitness

(continued on Page 18)

Picture imperfect:Interpreting the new recommendations for breast-cancer screeningBynancy Yang

Breast cancer advocacy starts with a tear. It gathers strength in solidarity and marches to the drumbeat of awareness in torrents of pink rib-bons. No other medical condition, with the pos-sible exception of HIV, has rallied more support for screening and prevention. Now, USPSTF rec-ommendations are questioning the effectiveness of some breast-cancer screening and stirring up a political and emotional storm.

Dr. Michael LeFevre and his colleagues are an island in a swirling stream of controversy. Much has been generated by the media, said the pro-fessor and associate chair of Family Medicine at the University of Missouri, but he’s willing to take part of the blame. LeFevre serves on the U.S. Preventive Services Task Force and is one of 16 medical and public health professionals from across the country responsible for the new rec-ommendations for breast-cancer screening.

“The recommendations could not have come out at a worse time,” LeFevre said. “The notion that this was part of somebody’s health reform package or was politically motivated or was a cost-savings reduction is unequivocally false. It couldn’t be more untrue.”

Back in the summer of 2008, the USPSTF voted on the recommendations without know-ing when they would be pub-lished. Fifteen months later, in the midst of a debate on health care reform, they appeared in the Annals of Internal Medicine. (See “To Screen or not to Screen.”) The recommenda-tions, some of which were meant to encourage discussion between patient and doctor, have set off a divisive national dialogue.

Three recommendations sparked controversy: elimi-nating routine mammograms for patients 40 to 49; biennial rather than yearly mammo-grams for ages 50 to 74; and eliminating a systematic pro-gram of breast self-exam. The departure from the 2002 rec-ommendations advising rou-tine mammograms beginning at 40 has polarized the breast-cancer community. Responses from organizations such as the American Cancer Society, the National Cancer Institute and the American Congress of Obstetricians and Gynecologists range from outright rejection to full acceptance, which leaves many women in no man’s land.

LeFevre said that, ironically, the recom-mendations were meant to empower women. “We’re not saying women shouldn’t have mam-mograms in their 40s,” he said. “We are saying that the net benefit is small and that a woman and her physician should make that decision together based on her individual circumstances

and her own values. We didn’t think turning 40 should trigger a mammogram. It should trigger a discussion.”

The USPSTF concluded that the biggest draw-back to mammography for women in their 40s is the relatively high incidence of false positives, which can result in unneeded biopsies, tests or unnecessary treatment. These figures range from 1 percent to as high as one-third, said LeFevre. But he doubts the resulting recommendations will change access to mammograms. “It’s a po-litical football,” he said. “I’d be very surprised if health reform and insurance will deny mammo-grams to women in their 40s if they want them.”

Regarding recommendations for women 50 to 74, the USPSTF found that biennial mammo-grams garnered a greater net benefit than yearly tests. Reducing mammograms by one-half re-sulted in a slightly lower detection rate, but it was offset by the fact that fewer screenings over-all resulted in fewer negatives.

The job of the task force was to come up with recommendations that would give patients the greatest chance of benefiting from breast-cancer screening while reducing the drawbacks. In short, the USPSTF measured potential benefits against human costs, which they called harms. This resulted in a net benefit, which they graded according to magnitude and level of certainty.

“It’s something that’s fairly unique about the USPSTF,” LeFevre said. “Most people choose to look mainly at the benefit side. When you do look at the harms, it becomes a qualitative judgment rather than quantitative.”

Applying science to quali-tative information can be a challenge, and LeFevre said that personally, he has never been engaged in a more rig-orous scientific process. “This was really about when to start, how often to screen and when to stop.”

In the end, the task force didn’t answer the question of when to stop. There were no trials of women older than 70, so evidence didn’t allow a fair comparison of benefits and harms. What researchers do know is that though the ability

for mammography to make a difference increas-es with age, it takes 10 to 12 years for a woman to benefit. When breast cancer is detected in this age group, there’s a good chance something else will take a woman’s life.

These sobering conclusions challenge the be-lief that early detection and technology always improve health and prolong lives. They might even suggest that screening as the solution to breast cancer has been oversold.

“The notion that early detection is the answer to cancer has almost become a faith,” LeFevre

...I hear your anger.

I'm angry, too. But

not for the same

reason. I'm angry

because we've

oversold the benefits

of mammography to

the extent that there

is no longer room to

look objectively at

the evidence.

— excerpt from the dr. susan love research foundation blog,

nov. 20, 2009

18March20,2010C

olumbia B

usiness Times|C

olumbiaB

usinessTimes.com

sPeCiAL seCTion | health & fitness

said. “We need better prevention and better and less toxic treatment. Understanding which dis-eases need to be treated and which don’t is an important piece of that.”

As a family physician, LeFevre advises his patients against obsessing over breast cancer. “If you’re trying to stay healthy, there are bigger fish to fry,” he said. “Heart disease is a far bigger killer of women than breast cancer.”

LeFevre said he believes that women are best served when members of the breast-cancer com-munity look for areas of agreement. One area might be the recommendation against breast self-exam, which was targeted at health care workers teaching rote monthly exams. When all is said and done, the USPSTF supports the spirit of the exam: Women should be aware of their bodies and report any lumps or changes. Nearly everyone agrees. And where there’s common ground, there’s a beginning.

Radiologist Terry Elwing, M.D., wants her patients to know that along with the twinkling

promise of research and technology, some things are better left unchanged. As director of Women’s Imaging at Boone Hospital’s Harris Breast Center, Elwing takes issue with the new USPSTF recommendations for breast-cancer screening. Some replace early detection with what she and others might consider a shot in the dark.

“The way they looked at the data is very questionable,” Elwing said. Some of the best data, they didn’t use; some of the worst data, they did use. So their statistics are flawed, and I think they’re blowing out of proportion these potential risks.”

Elwing said the task force excluded data from an important study in Sweden while includ-ing trials in which patients weren’t rigorously screened. The Swedish study reported a 40 per-cent reduction in mortality when mammograms were introduced to women in their 40s. In com-parison, the USPSTF estimates a 15 percent mor-tality reduction in the same age group.

The disparity raises questions because the USPSTF recommends against routine mammo-grams for women in their 40s. (See “To Screen or not to Screen.”) These younger patients de-velop fewer but more aggressive cancers that can also be tricky to diagnose. They tend to have dense breasts, which increases potential harms such as false positives, biopsies, anxiety and over-treatment.

To screen or not to screen: usPsTF recommendations for breast-cancer screening

• the uspstf recommends against routine screening mammography in women aged 40 to 49 years. the decision to start regular, biennial screening mammography before the age of 50 years should be an individual one and take into account patient context including the patient’s values regarding specific benefits and harms. (Grade c recommendation)

• the uspstf recommends biennial screening mammography for women between the ages of 50 and 74 years. (Grade B recommendation)

• the uspstf concludes that the current evidence is insufficient to assess the additional benefits and harms of screening mammography in women 75 years or older. (i statement)

• the uspstf recommends against clinicians teaching women how to perform breast self-examination. (Grade d recommendation)

• the uspstf concludes that the current evidence is insufficient to assess additional benefits and harms of either digital mammography or magnetic resonance imaging instead of film mammography as screening modalities for breast cancer. (i statement)

ratings grade the magnitude of net benefit, with B representing moderate; c representing small; d representing zero or negative; i representing insufficient evidence. annals of internal Medicine, nov. 17, 2009.

Breast-cancer screening ... continuedfromPage17

If there’s a 5 percent chance

of rain, and it’s raining on you,

you’re 100 percent wet. Get it?

— a blogger in response to recent uspstf recommendations for breast-cancer screening

19March20,2010C

olumbia B

usiness Times|C

olumbiaB

usinessTimes.com

sPeCiAL seCTion | health & fitness“I think in a good breast center, the harms can be

minimized significantly,” Elwing said. “We minimize harms by talking to patients and being very diligent on the technologist side, finding the problems so we don’t have to recall the patient. A radiologist always talks to a patient when they have a problem. Most pa-tients come and go without any concern. When we do find something, we’re going to take care of you.”

Elwing believes that for all its diligence, what’s lacking on the highly credentialed task force is practi-cality. Its members include academicians and public-health professionals but no radiologists or oncologists, who deal with breast-cancer patients on a daily basis. This perhaps explains what she sees as a disconnect between some of the recommendations and their im-

plementation. For example, the USPSTF suggests that women in their 40s make individual decisions about screening based on “patient context,” or risk. But 75 percent of the people who get breast cancer aren’t high-risk.

“I thought this was over and done with,” Elwing said. After much debate back in 2002, the panel came out in favor of annual mammograms for all women older than 40. “We should go on to studying digital mammography, tomosynthesis or MRI — or how we stratify risk. There are so many things we could look at besides who should get a mammogram. Oncologists will tell you that it’s not new drugs or radiation that

are the forces behind decreased mortality. It’s early de-tection. It’s finding the cancer when it’s still small and contained in the breast so we can remove it.”

Dr. Paul Dale, chief of Surgical Oncology at Ellis Fischel Cancer Center, said new technology of-fers hope in detecting increasingly smaller cancers. Because mammographic images are getting clearer due to digital technology, physicians have more con-fidence in what they deem benign. One of the most promising technologies is tomosynthesis, which is like a CAT scan of the breast without the additional radia-tion, time or cost. Once approved by the FDA, it will allow doctors to view multiple slices of the breast and see through dense breast tissue.

For now, most doctors rely on mammography.

Although it’s imperfect, it has been responsible for a steady decline in breast-cancer deaths since it was introduced in the 1980s. “A mammogram is uncom-fortable for some women,’” Dale said, “but most of them get through it just fine. It does provoke anxiety if there’s an abnormality — as does a test of any type. But it’s better if it’s found early.”

Dale believes the USPSTF recommendations could influence the future of health care legislation. Women outside the recommended parameters might have to pay out-of-pocket for breast-cancer screening, which could create a chilling effect on early detection. Breast

cancer in otherwise healthy older women can become life-threatening, he said.

“If a woman is healthy and has a good chance of living five years or longer, she should continue getting mammograms,” Dale said. “It’s very treatable. In this age group, they often do exceptionally well. Two of the biggest risk factors for breast cancer are being a woman and getting older.”

Dr. Mary Muscato, a hematologist medical oncolo-gist and Susan G. Komen board member, views the recommendations from two perspectives. “It’s a tough problem,” she wrote in a recent e-mail. “But just think-ing of this as a population problem (need many tested to find one positive) rather than a personal problem (I have many patients in their 30s and 40s with breast cancer), it’s doomed to be rejected by people, even if accepted by public health officials.” Muscato’s re-marks illustrate some of what’s fueling the contro-versy. Although research might tell us what’s best for the general population, personal and anecdotal stories can be more powerful.

Elwing said that when it comes to the general population, about two-thirds of patients who should get mammograms do. She would like these figures to increase. Lately she’s noticed that in the wake of the USPSTF recommendations, women are asking if they really need to come in.

“Our response is, ‘Yes,’” Elwing said. “We have not changed our position about breast-cancer screen-ing. When you put out something like this, it gives people on the fence more ammunition not to do their screening.”

Once cancers become palpable, their prognoses worsen, which costs patients and society, she said. “I’m all for cost containment — as long as it doesn’t cost someone their life.” v

Women outside the recommended parameters might have to pay

out-of-pocket for breast-cancer screening, which could create a chilling effect on

early detection.

20March20,2010C

olumbia B

usiness Times|C

olumbiaB

usinessTimes.com

sPeCiAL seCTion | health & fitness

Take a hike: City Council to consider 2010 Trails PlanThe Parks and Recreation Department will ask the City Council

on April 5 to approve the 2010 Trails Plan, a network of nature trails and urban roadway trails.

The goal is to integrate trails into the overall city’s infrastruc-ture planning to allow for safe non-motorized transportation to all parts of Columbia. Of the $22 million in federal funds allocated for the GetAbout Columbia program to encourage hiking and bik-ing to work, $8 million was set aside for trail development. These pedways fill in the gaps where barriers exist along the preferred natural trail corridors.

The Trails Plan says the development effort is intended to pro-vide an effective system of interconnectivity between: residential subdivisions, employment centers, businesses, parks, schools and colleges, the public library, the recreation center and downtown.

Trails under various stages of design, engineering and construction:• Hominy Branch Trail- stephens lake park under u.s. highway 63 and interstate 70 to the thessalia neighborhood near clark lane• Hinkson Creek Trail- Grindstone nature area to stephens lake park and the county house Branch trail connecting the twin lakes recreation area at the MKt• scott’s Branch- Bonnie View park through dublin neighborhood park to Gillespie Bridge road• County House Branch- twin lakes recreation area/MKt trail to the north side of stadium Boulevard

Trails added to plan and funded:• MKT Grasslands to Garth- connects Grasslands and stewart road neighborhoods to MKt trail• Hinkson Trail Greenbriar Connector- connects the residential areas along Green Meadows road to hinkson creek trail• Bear Creek Trail Connector- connects Vanderveen area to Bear creek trail• Bear Creek Trail Python Connector- provides access for the west end of the Vanderveen area to the Bear creek trail

21March20,2010C

olumbia B

usiness Times|C

olumbiaB

usinessTimes.com

sPeCiAL seCTion | health & fitness

Missouri: The 50th state for spending on public healthSt. Louis Post-Dispatch*

Missouri spends fewer state dollars on pub-lic health than all but one state, according to a newly released national report.

Last year, Missouri spent just $9.26 for each resident. Of the 50 states and the District of Columbia, only Nevada spent less. Illinois, with a population roughly double the size of Missouri, spends $24.32 per person on public health — 5.6 times as much. The national medi-an is $28.92, meaning half the states spend more than that amount.

As low as the Missouri figures are, they're about to get worse.

State funding for public health already has been cut by more than $19.3 million this year. Gov. Jay Nixon recommended cutting another $9.8 million for the fiscal year that begins July 1.

Public health often is confused with health care, but they're not the same thing. Public health focuses on the health of populations through such activities as disease tracking and prevention.

When someone loses access to health care, he or she is at risk of serious illness or death. But when public health is neglected, we're all at risk.

The new report comes from the Trust for America's Health, which is affiliated with the nonpartisan Robert Wood Johnson Foundation.

It tracks federal and state spending on public health in each state. On both measures, Missouri comes out below average.

Just seven states received less money for public health activities from the U.S. Centers for Disease Control and Prevention. Missouri did a better job of attracting money for AIDS programs, which comes from a different pot of federal money.

Still, the drop in state financial support has led to a 15 percent decline in the number of state public health workers since 2003. Just since 2007, the state health department has lost 56 full-time employees.

State health departments across the nation are being pinched by the recession. The Association of State and Territorial Health Officials recently reported that about 12,000 local health depart-ment employees had been furloughed or had their work hours reduced.

The simultaneous arrival of swine flu and budget cuts last spring stressed health depart-ments nearly to the breaking point.

The irony of the budget cuts is that public health is one of the most cost-effective invest-ments any state can make.

A 2008 study found that investing in public health and disease prevention can reduce rates of chronic illnesses such as cancer, health disease and diabetes.

Missouri has high rates of obesity, diabetes and high blood pressure. Smoking rates among adults — and, more ominous for the future, young people — also are high.

That 2008 study estimated that every $1 in-vested in those programs would return $5.60 in benefits over five years. But earlier this week, state officials announced that February revenue fell 12 percent, which probably means even sharper cuts in next year's budget.

Even as those cuts are being planned, two Republican senators — in a shot at the Nixon administration's botched handling of water quality problems at the Lake of the Ozarks — have proposed moving responsibility for testing water quality at the lake from the Department of Natural Resources to the health department.

It's a silly and patently political suggestion. And further reflexive cuts to public health are self-defeating. There's a point at which further

cuts are not a legitimate response to falling rev-enue; they become a dangerous gamble with public health. Missouri passed that point years ago. v

*Stephanie Browning, director of the Columbia/Boone County Department of Health, copied and distributed this editorial, published March 8, to city officials.

A 2008 study found that investing

in public health and disease

prevention can reduce rates of

chronic illnesses such as cancer,

health disease and diabetes.

Public health often is confused

with health care, but they're

not the same thing. Public

health focuses on the health

of populations through such

activities as disease tracking and

prevention.

23March20,2010C

olumbia B

usiness Times|C

olumbiaB

usinessTimes.com

(continued on Page 24)

The Village of

Cherry Hill

“I researched office space all over Columbia and I could not find anything that compared to the value I found here in the Market Street Building in the Village of Cherry Hill”

Steve Kincheloe, CMPSPrimary Residential Mortgage, Inc.

Office Space Available. Amenities include: confer-ence room, kitchenette, covered garage parking with elevator access.

Operating expenses covered in the rent include: high speed in-ternet and utilities (gas, water & electric).

Call Kevin Bartolacci (573) 489-4781 with inquiries.

puBlic reCorDBoone County Deeds of Trust greater than $190,000 Feb. 23 – March 8$7,000,000 VH PROPERTIES LLCBOONE COUNTY NATIONAL BANKSTR 7-48-13 W/NW/NE SUR BK/PG: 566/404 AC 1.31

$5,357,788 B-SIB LLCBURNAM, R GORDON & BONNIEPARKADE SUB

$5,357,788 WINDY POINT PARTNERS LLCBURNAM, R GORDON & BONNIELT 1 KITTY HAWK MANOR PLAT NO 4

$4,707,788 BURNAM HOLDING COMPANIES INCBURNAM, BONNIE & R GORDONLT 85 KITTY HAWK MANOR PLAT 2

$2,345,500 GRINDSTONE VILLAGE PROPERTIES LLCBANK OF MISSOURI THELT 1 GRINDSTONE VILLAGE

$2,000,000 METAL CULVERTS INCJEFFERSON BANK OF MISSOURILT 27 CONLEY & PERKINS SUB

$1,585,000 HARPO'S CHERRY STREET LLCPROVIDENCE BANKLT 155 PT COLUMBIA

$800,000 OLD PLANK LLCBOONE COUNTY NATIONAL BANKBROOKSIDE TOWNHOMES PLAT 1

$597,824 BOONE DEVELOPMENT INCCOMMERCE BANKARBOR FALLS PLAT 1

$417,000 BAUMSTARK, FRANCIS T & MICHELLE N JR LIVING TRUSTHAWTHORN BANKLT 20C COUNTRY FARMS LOT 20

$417,000 YOUNG, MATTHEW & AMANDABANK OF AMERICASTR 19-49-13 /W/SW SUR BK/PG: 2824/127 FF TRACT 2

$417,000 DELWOOD, DON & SALLY FAMILY TRUSTLANDMARK BANKLT 3B HIGHLANDS PLAT 3

$404,413 FOSTER, RAYMOND T SR & SHARON EWELLS FARGO BANKLT 137 HERITAGE ESTATES PLAT NO 1

$404,000 GOODING, PHILIP EU S BANK NATIONAL ASSNSTR 4-50-11 /SW/NE

$373,711 PREWITT, MICHAEL W & CAROLYN KWELLS FARGO BANKLT 5 THORNBROOK PLAT NO 1

$340,000 JQB CONSTRUCTION INCBOONE COUNTY NATIONAL BANKLT 257 COPPERSTONE PLAT 2

$324,650 HORD, BENJAMIN F & LORIWELLS FARGO BANKLT 364 CASCADES PLAT NO 3 THE

$305,015 HAYES, JEFFERY D & SHERRI LMAINSTREET BANKLT 217A VINEYARDS PLAT NO 2-A

$297,500 ANDERSON, KENNETH & DEBORAHCENTRAL BANK OF LAKE OF THE OZARKSLT 816 VANDERVEEN CROSSING PLAT NO 14

$296,000 FRANKLIN, CHARLES W & SUE EFLAT BRANCH MORTGAGE INCLT 10 PEPPER TREE ESTATES BLK 3

$282,000 THORNTON, CURTIS E & BRENDA LCOMMERCE BANKSTR 32-48-11 //NW AC 10.00

$275,000 GROSSMANN, LARRY R & JANICE RBOONE COUNTY NATIONAL BANKLT 11 WOODRAIL SUB PLAT 6

$264,412 BROWN, JOHN & MARRISAHAWTHORN BANKLT 166 PINES THE

$264,361 BROWN, JOHN & MARRISAHAWTHORN BANKLT 2 GALLAGHER SUB

$260,000 RAWLINS, RANDA & EINSPAHR, BLAINE LBOONE COUNTY NATIONAL BANKLT 1046 HIGHLANDS PLAT 10A

$252,000 HARPER, RANDALL LST LOUIS BANKLT 1218 HIGHLANDS PLAT 12-B THE

$244,000 SCHOLTEN, JAMES E & CATHERINE RDAS ACQUISITION COMPANY LLCLT 308 STONERIDGE ESTATES PLAT 3

$236,260 DOCKINS, ELIZABETH B & JOSEPH WWELLS FARGO BANKLT 328 THORNBROOK PLAT NO 10

$234,650 GERDING, TIMOTHY & LAURABOONE COUNTY NATIONAL BANKLT 186 BELLWOOD PLAT NO 1

$232,800 HEMMEL, SILVER GWELLS FARGO BANKLT 67 CASCADES PLAT 1 THE

$230,000 SANDSTEDT, SCOTT D & KRISTINA SMISSOURI CREDIT UNIONLT 104 STONERIDGE ESTATES PLAT 1

$227,995 COLE, FREDRICK L & STACEY DEANNHAWTHORN BANKSTR 21-50-13 //S SUR BK/PG: 2099/415 AC 16.760

$224,275 FIKE, GREGORY EBOONE COUNTY NATIONAL BANKSTR 35-51-13 /SW/NW

$222,000 SCHIWINGER, STEVEN J & JENNIFER LBANK OF MISSOURI THELT 37 WELLINGTON MANOR PLAT NO 3

$212,670 HARRIS, BRAD W & KAREN CPREMIER MORTGAGE SERVICES LLCLT 2 PL 1 COUNTRY CLUB MEADOWS

24March20,2010C

olumbia B

usiness Times|C

olumbiaB

usinessTimes.com

$212,000 PADOVAN, ANGELOCENTRAL TRUST BANKLT 12 LIBERTY ACRES SUB BLK 2

$210,000 COLEMAN, DANNY & JANNE FBANK OF AMERICASTR 27-49-14 //NE SUR BK/PG: 1737/373 AC 10.076

$210,000 EDINGTON, GREGORY P & CHERYL VCALLAWAY BANK THESTR 25-48-12 /S/NW FF TRACT 10 SUR 7915 WITH EXCEP

$208,400 HOENES, CHARLES K & PAULA MLANDMARK BANKLT 252 UNIVERSITY PARK ADD #14

$205,882 MCDOW, MARK K & CHRISTY LPREMIER BANKSTR 18-47-12 //NW SUR BK/PG: 2762/158 AC 3.717

$202,000 MESSBARGER, QUINTEN C & JOANN LBANK OF MISSOURI THELT 50 LIMERICK HEIGHTS PLAT 6

$200,450 KVANVIG, JARED & SAVANNAHMISSOURI CREDIT UNIONLT 181 BELLWOOD PLAT NO 1

$200,000 MILL CREEK MANOR INCBOONE COUNTY NATIONAL BANKLT 125 WYNDHAM RIDGE PLAT NO 1

$200,000 MILES, CHARLES DONALD & JUDITH HELEN JOINT REVOCABLE TRUST AGREEMENT THECOMMERCE BANKSTR 16-49-13 W/NW/SW FF WITH ESMT

$200,000 STEINHAUS, CHARLES L & ROBIN BBANK OF MISSOURI THESTR 13-45-12 //NW

$196,000 FIELDHOUSE INCPROVIDENCE BANKLT 1 PT FF BOUCHELLE'S ADD

$195,676 CLOOTEN, MICHAEL C & INGRID CALLIED MORTGAGE GROUP INCLT 545 ARCADIA PLAT 5

$195,000 HARDT, HERMAN JR & ELIZABETHHAWTHORN BANKLT 30 PHENORA SUB

$192,000 JOHN HANSMAN CONSTRUCTION LLCLANDMARK BANKLT 117 BELLWOOD PLAT NO 1

$192,000 CLAUNCH, CHARLES CHRISTO-PHER & RACHELCENTRAL TRUST BANKLT 15 BAY HILLS PLAT NO 1

$191,369 ZENNER, PATRICK R & JEAN ABANK OF MISSOURI THELT 90 WOODRAIL SOUTH PLAT 4

Public record ... continuedfromPage23

ByKelsey Jackson

MU News BureauA University of Missouri researcher is developing a tiny sensor

that is smaller than a human hair and could test bodily fluids for a variety of diseases, including breast and prostate cancers.

“Many disease-related substances in liquids are not easily tracked,” said Jae Kwon, assistant professor of electrical and com-puter engineering at MU. “In a liquid environment, most sensors experience a significant loss of signal quality, but by using highly sensitive, low-signal-loss acoustic resonant sensors in a liquid, these substances can be effectively and quickly detected.” The new concept, he said, “ will result in a noninvasive approach for breast-cancer detection.”

Kwon’s real-time acoustic resonant sensor uses micro/nano-electromechanical systems, which are tiny devices many times smaller than the diameter of a human hair, to directly detect dis-eases in body fluids.

The sensor doesn’t require bulky data reading or analyzing equipment and can be integrated with equally small circuits; this creates the potential for small stand-alone disease-screening sys-tems. Kwon’s sensor also produces rapid, almost immediate re-sults that could reduce patient anxiety often felt after waiting for other detection methods such as biopsies, which can take several days or weeks before results are known.

Last January, Kwon was awarded a $400,000, five-year National Science Foundation CAREER Award to continue his effort on this sensor research. The CAREER award is the NSF’s most prestigious award in support of junior faculty members who exemplify the role of teacher-scholars through outstanding research, excellent teaching and the integration of education and research. Kwon’s sensor research has been published in the IEEE International Conference on Solid-state, Sensors, Actuators and Microsystems and the IEEE Conference on Sensors. v

Engineer developing cancer detection device

25March20,2010C

olumbia B

usiness Times|C

olumbiaB

usinessTimes.com

new Business uPDATe

Big WigBeauty supply store moves to larger Providence locationByJennifer Kettler

AQ Beauty and Supply, a 14-year-old family business, has moved from Park Avenue to a new 7,000-square-foot building on Providence Road with twice as much space.

“Customers wanted more selection, so we needed a bigger, better place,” owner David Shim said. “With more space for my merchandise, I can give my customers more of a choice. I buy more, so I can pass the savings on to them and keep them happy."

Shim said he plans to open a salon in an adjacent portion of the newly constructed building in the next two months.

AQ sells everything from wigs and hair products to make-up, handbags and even shoes.

“We hope that it is a one-stop shop, so we carry everything and specialize in wigs and hair extensions,” Shim said.

As you walk in the door, customers are greeted by a 48-foot-long wall that’s covered from floor to ceiling with hundreds of heads covered with wigs of every style and color imaginable. The handmade wigs — 500 in all — cost from $20 to $2,000 and in many cases are made from human hair.

“We have wigs for everyone here,” said Shim’s 14-year-old daughter Grace, who helps her dad run the shop after school.

“It’s not just for African-American people; we have a whole section of Caucasian wigs as well,” she added as she pointed to another floor-to-ceiling display of heads that includes bob cuts for redheads and long hair with bangs for blonds. “We have a lot of cancer patients from Ellis Fischel come in for wigs, and we even sell toupees for men.”

Shim’s family also owns a group of beauty supply stores in Kansas City. “The Columbia area doesn’t have many choices, and

my store allows them to stay here and not spend money on gas to go to a bigger city to get what they need,” Shim said. “Now more customers come because the new location is easier to see and get to. Before, most people couldn’t see my old store on Park Avenue, and it was only the custom-ers who knew about us in the neighborhood that came.”

The store is open Monday through Saturday from 9 a.m. to 8 p.m. and Sunday from noon to 6 p.m. For more information call 573-449-2602. v

Owner David Shim

pH

oT

os

by

Jen

nif

eR

ke

TT

le

R

27March20,2010C

olumbia B

usiness Times|C

olumbiaB

usinessTimes.com

Missouri Training Institute recruits Covey to MUMTI is part of the Trulaske College of Business at

the University of Missouri and provides professional development, training and consulting services to busi-nesses and government agencies.

Alan St. John joined MTI as its assistant director in 1987 and has served as director since 1992. He has more than 25 years of experience administering train-ing and professional development programs; training consultation; conducting needs assessments; and de-signing, delivering and evaluating training programs.

The CBT interviewed St. John about MTI’s big event for the spring, a presentation by author Stephen M.R. Covey at Cornell Hall’s Bush Auditorium on March 26:

Why did you decide to recruit Covey as a speaker? St. John: “We have been hearing a lot about trust from our customers. Over the past several years, we have been working with different groups to help them strengthen trust within their teams and organizations. Covey’s book The Speed of Trust has been a national bestseller, and he works with groups all over the world. In fact, he presented at the World Economic Forum in Beijing, where leaders voted a “crisis of trust and confidence” as the No. 1 challenge facing organi-zations. So that fact and our experience suggested to us that it’s a timely issue.”

Tell us a bit of the back story about getting such a big-name author to come to MU.St. John: “The story on how we got him to come to MU is simple: We asked. He is known the world over, but he told us he especially likes working with the kind of diverse audience that we will have at our event: representatives of for-profit and not-for-profit businesses, government, education, students, faculty and staff. I think he would also tell you that he likes working with the leaders of tomorrow.”

MTI (mti.missouri.edu) is known in the local business community for its training seminars and business consulting services. How does this presentation fit into your mission? St. John: “Our mission is to partner with clients to provide high-quality training and consulting services to improve an individual’s effectiveness and an orga-nization’s performance. Our business is to help people do business more effectively, and trust is critical to an organization’s success. Cultivating trust has been called the leadership challenge of the new millenni-um. Steve Forbes, president of Forbes, was quoted as saying, 'Covey brilliantly focuses on that overlooked bedrock of democratic capitalism — trust.' Covey in-spires. He offers insights and practical tools that will produce results.”

excerpts from Covey’s summary of The Speed of Trust

There is one thing that is common to every indi-vidual, relationship, team, family, organization, na-tion, economy and civilization throughout the world — one thing which, if removed, will destroy the most powerful government, the most successful business, the most thriving economy, the most influential lead-ership, the greatest friendship, the strongest character, the deepest love.

On the other hand, if developed and leveraged, that one thing has the potential to create unparalleled success and prosperity in every dimension of life.

That one thing is trust. The Five Waves of Trust model serves as a meta-

phor for how trust operates in our lives. v

Myth vs. reality

Myth realitytrust is soft trust is hard, real and quantifiable. it measurably affects both speed and cost.

trust is slow nothing is as fast as the speed of trust.

trust is built solely trust is a function of both on integrity character and competence.

You either have trust trust can be both created or you don’t and destroyed.