Make us your home page
Instagram
Everybody's Business

Tampa Ya-Ya's closing opens door for bank

MIDTOWN — Hillsborough County's only Ya-Ya's Flamebroiled Chicken franchise has closed, paving the way for a new community bank.

John Cox, who owned the Ya-Ya's and the building that housed it at 2514 W Kennedy Blvd., closed the 5-year-old restaurant this month and sold the property to Anderen Bank.

The Palm Harbor-based banking startup has aggressive expansion plans and wants to open a Tampa office in the fourth quarter of this year or the first quarter of 2009, said Charles Allcott III, the bank's chairman and chief executive.

Hungry drivers in need of a quick dinner were surprised by the closure. Even Ya-Ya's officials were a bit taken aback when contacted last week.

"We knew that something was cooking, but we didn't know it would be that quick," said John Chinonis, president of the Flint, Mich.-based Ya-Ya's Inc.

Cox, who also owns a Ya-Ya's franchise on Fourth Street in St. Petersburg, said he did not want to pass up the opportunity to sell the building. Chinonis said Ya-Ya's has a liberal policy of letting franchisees out of their agreements, even if the company wants to keep a store in the area.

"Now that (Cox) is out of the picture, I'll possibly develop something," Chinonis said. "We'd like to be in Tampa. It's been a great market for us."

He said he already has one potential franchisee interested in a Florida location. If — or when — Ya Ya's does reopen in Tampa, "I would imagine it would be somewhere nearby, because people know about the business," Chinonis said.

Meanwhile, Anderen Bank is hoping to make a name for itself. The bank opened in November 2007 with $34-million in financial backing, which Allcott called "significant for a community bank."

Anderen has plans to expand to Hernando and Citrus counties and the Orlando and Jacksonville markets, despite the nation's current woeful banking climate.

"Right now, I think that there is still an opportunity for banks to be successful," Allcott said. "We've got a really good group of shareholders that are strong supporters of the bank. Even though the general economy is still struggling, there still are plenty of good businesses out in the market, looking for that personal relationship with a community bank."

South Tampa closings

Hawk's Neighborhood Grill, at 3114 W Bay to Bay Blvd., has closed. The sign outside says the restaurant is closed for remodeling.

The owner of the restaurant, Tampa attorney Michael Addison, did not return calls last week seeking comment.

In recent years the Hawk's building, which is near the corner of MacDill Avenue and Bay to Bay, also has housed a similar incarnation called Cherry's Bar and Grill, as well as Divino Bar Ristorante Italiano and Caffe Italia.

Meanwhile, South Tampa is home to one less tanning salon. Ecstasy Tanning, which was at 701 S Dale Mabry, next door to Berryism yogurt, closed this month.

The owners of Ecstacy could not be reached.

Do you know something that should be everybody's business? Call 226-3394 or e-mail sharonlginn@yahoo.com.

Sidewalk sale

Need a book to take to the beach or a couple to pack for that long overseas flight? Hit the $1 sidewalk sale at Old Tampa Book Co. to find your pick of hundreds of used books — fiction, nonfiction, maybe even collectibles. The sale is Monday through Saturday at 507 N Tampa St. Visit www.oldtampabookcompany.com or call 209-2151.

Tampa Ya-Ya's closing opens door for bank 07/24/08 [Last modified: Thursday, July 31, 2008 9:58am]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Florida GDP growth in first quarter 2017 ranks 21st among states, still outpacing U.S.

    Economic Development

    Florida's gross domestic product or GDP rose 1.4 percent in the first quarter, slightly faster than the nation's growth of 1.2 percent and placing Florida 21st among the states for growth rates, according to the U.S. Bureau of Economic Analysis.

    Not too hot. Not too cold.

    These Jackson Square Townhomes began hitting the west Hillsborough County market late last year and continued to be sold into the first quarter of 2017. The real estate sector was the biggest driver of Florida's gross domestic product, which rose 1.4 percent in the first quartrer of 2017.  [JAMES BORCHUCK   |   Times]
  2. A new app will help you find your favorite Tampa Bay food trucks

    Food & Dining

    What's new: Food tech

    Local food businesses are embracing new technologies and partnerships to bring us extra deliciousness.

    Michael Blasco of Tampa Bay Food Trucks says that everyone always asked about an app to help find their favorite food trucks. There is, available for iPhones and Droids.
  3. Another Pinellas foreclosure auction fools bidders, raises questions

    Real Estate

    For the second time in six weeks, a company connected to lawyer Roy C. Skelton stood poised to profit from a Pinellas County foreclosure auction that confused even experienced real estate investors.

    A Palm Harbor company bid  $112,300 for  this Largo townhome at a foreclosure auction July 21 not realizing the auction involved a second mortgage, connected to lawyer and  real estate investor Roy Skelton -- and that the bank could still foreclose on the  first mortgage.
[SUSAN TAYLOR MARTIN   |   Times]
  4. Clearwater-based USAmeriBank acquired by New Jersey bank in $816 million deal

    Banking

    CLEARWATER — USAmeriBancorp, Inc., based in Clearwater, is being acquired by New Jersey's Valley National Bancorp in an $816 million deal, it was announced today.

    Joe Chillura, CEO of USAmeribank, shown inside a branch in Ybor City in this file photo.
[KATHLEEN FLYNN l Times]
  5. Outback Steakhouse sees growth in U.S. and Brazil markets in second quarter

    Retail

    TAMPA — Restaurant sales were up at Outback Steakhouse and Carrabba's Italian Grill during the second quarter of 2017, but Bonefish Grill continues to lag at Tampa-based Bloomin' Brands.

    The Outback Steakhouse, on 4088 Park St. N, is showin on July 26, 2017. Restaurant sales were up at Outback Steakhouse  and Carrabba's Italian Grill during the second quarter of 2017, but Bonefish Grill continues to lag at Tampa-based Bloomin' Brands. [SCOTT KEELER | Times]