Business Briefs: Storage facility opens in Chattanooga's Southside

Business Briefs: Storage facility opens in Chattanooga's Southside

April 23rd, 2014 by Staff Reports and Wire Service in Business Around the Region

Storage facility opens in Chattanooga's Southside

A three-story self-storage building with 582 units is now open at 1380 Broad Street.

The $4 million Uncle Bob's Self Storage is the sixth Uncle Bob's in the Chattanooga region, and includes units sized between 3 by 5 feet up to 10 by 30 feet.

The climate-controlled facility offers customers wifi access, security systems, 24-hour access to units upon request and two entries -- one on Broad and one on Cowart.

Synovus earningsup in 1st quarter

Synovus, the parent company of Cohutta Banking Co. in Chattanooga, boosted its first quarter net income by nearly 28 percent from the previous quarter to $45.9 million, or 5 cents per share. Earnings results for the Columbus, Ga.,-based bank holding company were in line with analysts expectations.

Kessel D. Stelling, chairman and CEO for Synovus, said the bank's "steady progress over the past several quarters is a direct result of investments in additional talent in high-opportunity markets, effective partnerships between our core and specialty line bankers, and our team's unwavering commitment to delivering exceptional customer service."

Stelling said he expects continued loan growth and improving credit quality through the remainder or 2014.