Springfield Business Journal_2020-09-28

CLEANING FOR HEALTH WE FOCUS ON YOUR BUILDING. YOU FOCUS ON YOUR BUSINESS. Traditional Services Janitorial Services Carpet Cleaning Hard Floor Cleaning Looking for peace of mind? Let us design a cleaning or infection control program that fits your needs. 2020 COVID-19DISINFECTION ANDSAFETYCOURSE sq.ft. cleaned daily MILLION sq. ft. disinfected since March '20 MILLION Emergency COVID Response Cleans Infection Control Services Electrostatic Disinfecting Confirmed Case COVID Cleans Cleaning for Health Programs SPRINGFIELD BUSINESS JOURNAL · 7 SEPT. 28-OCT. 4, 2020 NEWS BRIEFS Aquarium expected to open in November by Geoff Pickle · gpickle@sbj.net Aquarium at the Boardwalk, a $51 million project in the works in Branson, is expected to open by year’s end. Aileen Stein, spokesperson for Los Angeles-based developer Kuvera Partners, said mid-November is the target date for launch. “We’re currently in the process of preparing the aquarium for our fish population,” Stein said, noting the attraction would have more than 7,000 individual animals representing some 250 species. Finishing touches at the attraction include a 76-feet- wide by 36-feet-tall mural by artist John Pugh. Known for his murals that give the illusion of a three-dimen- sional view, Pugh is slated to work on the Branson project for about a month. Pugh’s Branson mural will focus on the aquarium and sea animals, according to a news release. “This project is providing me with an opportunity to visit Branson for the first time,” said Pugh, who’s from Truckee, California, in the release. “I’ve been very tak- en with the natural beauty and history of the area, and I’m looking forward to spending the next month here, creating something that will be unique to this destina- tion.” Crossland Construction Co. Inc. started construc- tion on the 46,000-square-foot aquarium early last year. The aquarium is the first attraction by Kuvera Partners for a development called Branson Boardwalk, located at the site of the former Grand Palace. The aquarium project is in line for $7 million in tax increment financing assistance over 15-23 years, ac- cording to past Springfield Business Journal reporting. provided by KUVERA PARTNERS Aquarium at the Boardwalk spans roughly 46,000 square feet. by Geoff Pickle · gpickle@sbj.net Systematic Savings Bank is moving closer to a conversion of its charter. President and CEO Derek Fraley said account holders offi- cially approved the change during a special meeting Sept. 21. Proxy votes were due by Sept. 18, he said. With the approval, Systematic is moving to submit its final securi- ties applications to regulators in order to shift the company into a stock savings bank from a mutual savings bank. Fraley said the decision by regulators would come after he, the company’s investment banking firm and attorney submit the proper paperwork and requests. “The regulators have been great to work with, and of course they are always happy to see capital added to an institution, so I am hopeful it will not take more than a week or two to turn around,” he said via email. With regulatory approval, Systematic would finalize its public of- fering of common stock shares. The change means the company no longer has members, and depositors and borrowers do not have vot- ing rights going forward, unless they own stock in the firm, Fraley said. The public offering allows the bank to trade pink-sheet shares over the counter, according to past Springfield Business Journal reporting. The company also would release quarterly and earnings data after creating an investor relations website. Systematic announced its public offering plans in March. It had $37.7 million in assets and roughly $5 million in total equity capital, as of Dec. 31, according to past reporting. Systematic was founded in 1923, according to its website. Systematic Savings Bank moves closer to charter conversion