Steve Ritchie: The Importance Of A Diverse Workplace

For companies today, diversity in the workplace is a must. This has become increasingly important to Papa John’s Pizza, as the company continues to make a variety of changes to its corporate structure. According to CEO Steve Ritchie, numerous types of training and meetings are taking place or are in the works, showing the company’s commitment to diversity and inclusion.

Despite sales figures that have been a bit lower than expected, Steve Ritchie does see a light at the end of the tunnel. To get things started, he and many other company executives have hit the road, traveling to various cities such as Dallas, Detroit, Chicago, and others in an effort to meet with Papa John’s franchisees, employees, and customers. In doing so, they feel as if one-on-one conversations in these environments will allow them to gain a much better feel for not only what is currently working well for the company, but also what changes need to take place for continued improvement.

To demonstrate the long-term commitment Papa John’s Pizza has to diversity and inclusion within its company, Steve Ritchie recently announced two major initiatives for the company. One involves the company’s minority-owned franchise expansion and development program, while the other is the creation of a foundation aimed at working with local communities where Papa John’s employees live and work. By helping to build stronger communities, Steve Ritchie believes people will be able to come together in a positive atmosphere that fosters increased diversity and inclusion.

In keeping with the company’s promise to create a better and more inclusive company, Steve Ritchie and Papa John’s Pizza also announced a newly-created position within the company, that of Chief of Diversity and Inclusion. This position, which will be responsible for helping introduce new and innovative marketing and branding campaigns highlighting the company’s diversity, is expected to help Papa John’s Pizza bring its message of diversity and inclusion to its customers much more effectively.

As Papa John’s pushes ahead with its plans, Steve Ritchie has no doubt the company’s commitment to a more inclusive and diverse workplace will pay off for everyone.

Find out more about Steve Ritchie: http://stevemritchie.com/

Nexbank, the Growing Texas Bank

Nexbank has just completed a private placement of fixed-to-floating rate subordinated notes in the amount of $54 million. This brings the total for the equity and debt Nexbank has raised to $283 million. The subordinated notes were purchased by institutional and high-net worth individuals.

 

The fixed interest for the notes is 6.375% for the first five years. They are also non-callable for five years. The bonds will be at a floating rate after the initial five years and the rate will be based on a spread above the 3-month LIBOR or 458.5 basis points. The Kroll Bond Rating Agency has rated these notes BBB- as they qualify as 2-Tier capital.

 

Nexbank Capital Inc. handles commercial banking, institutional services and mortgage banking. It is a Dallas, Texas-based financial services institution. It serves its nationwide customers by using its 8.4 billion in assets as a stabilizing resource to offer commercial lending, treasury management, credit services and mortgage lending.

 

Nexbank is a regional bank with a charter that goes back to 1922. As the fourth largest bank in Dallas, it has a legal lending limit of $137 million and the capacity to loan larger amounts in syndication with other banks. Nexbank is an SBA preferred lender.

 

Nexbank services one in four residential mortgages in Texas with many of its loans being for Fannie Mae, Freddie Mac, Ginnie Mae financing. Nexbank has won notable recognition in the banking industry with awards for being the Best Performing U.S. Community Bank. It was the number five Return of Equity Banking institution and it was the number 10 best performing bank.

 

For 100 years, Nexbank has had a client-focused approach to serving its individual clients. Deposited funds are FDIC-insured for up to $250,000 in multiple ownership categories. Those accounts include checking, savings, money market and certificate of deposit accounts. As with all banking institutions, Nexbank does not offer FDIC-insurance for investment accounts. Nexbank also offers online banking and mobile banking to its customers.