Business briefs, August 1-4
LCA Bank Corporation honored
LCA Bank Corporation, which is headquartered in Park City, has been named one of the top 200 healthiest banks in America by depositaccounts.com, a website that tracks banks and credit unions. According to a press release, the rankings consider factors including deposit growth, capitalization and loan-to-reserve ratios. LCA Bank Corporation was ranked No. 56 on the list and was one of five Utah-based banks on the list. For more information, or to view the full list, visit depositaccounts.com.
DWV Entertainment sells audio brand
Park City-based DWV Entertainment has sold its audio brand, Aphex, to the Australian company RØDE Microphones. According to a press release, Aphex, which was founded in the 1970s, is known for its audio signal processing equipment. Financial details of the deal were not disclosed. "Growing up in professional audio as I did, I have always had incredible respect for Aphex," said Peter Freedman, CEO of RØDE Microphones, in the release. "They’ve always been the best in the business at enhancing the recorded audio experience, and that is as true today as it was when the company was founded 40 years ago."
Lodging in mountain states remains strong
Summer lodging for the six-month stretch from May to October is trending up in mountain resort towns, according to DestiMetrics, a Denver-based company that tracks occupancy for 19 mountain destinations. A press release states that summer occupancy among the destinations, which include Park City, is up 6.8 compared to the same stretch last summer, while revenue has risen 12.5 percent. The statistics, which are based on existing bookings, were compiled as of June 30. The release noted that mixed national and global economic news doesn’t seem to be having an impact on summer travel to the destinations.
The Christian Center of Park City had a makeover last year, and its boutique felt it was time for one, too.