PremierWest announces approval of proposals to effect reverse split

PremierWest Bancorp, parent company of PremierWest Bank, announced Monday its shareholders overwhelmingly approved three proposals last week, giving its board authority to implement a reverse stock split before the 2011 annual shareholder meeting.

The proposals included three reverse stock split exchange ratios. Should the PremierWest board implement a stock split, the number of shares authorized would remain at 150 million with each proposal.

President and Chief Executive Officer James Ford said in a statement the board is evaluating current stock prices and other financial metrics.

Freight activity at the Medford airport rose by nearly 29 percent in November, according to data compiled by Jackson County.

A total of 430,399 pounds of cargo was transported in and out of airport, up from the 333,990 pounds in November 2009. For the year, the airport has seen a gain of nearly 3.5 percent, but will need a strong December to avoid a fifth-straight annual decline based on overall weight.

About 54 percent of the freight was shipped into Southern Oregon.

People who want to apply for money available from a new investors' network in Southern Oregon have until Friday to do so and receive a break on the fee.

Southern Oregon Angel Investment Network is offering an estimated $125,000 for start-ups or expanding businesses. The network extended the deadline until Friday for applicants to pay a $99 "early bird" fee, it announced. After that, the application fee will be $149 until the Jan. 7 deadline.

In January investors will begin to narrow business plans to a group of finalists who will present at the first Southern Oregon Angel Conference on March 9 at the Rogue Valley Country Club.

To compete, businesses must submit plans through www.southernoregonangelinvestors.com.

Medford Builders Exchange will hold an open house from 1 to 4 p.m. Wednesday, Dec. 22, at its new location at 701 E. Jackson St., Medford.

The firm moved from its Bartlett and Fourth streets location this fall.