VOL. 128 | NO. 52 | Friday, March 15, 2013
A new study out from the Federal Reserve Bank of St. Louis underscores one reason most banks in the Memphis area are smaller, community institutions.

Historic Magevney House may reopen to public in spring
High-rise office buildings surround it on two sides and even the multistoried rectory at St. Peter Catholic Church offers a downward view of the Magevney House on Adams Avenue, east of Third Street.
Memphis’ oldest continuously practicing law firm is expanding its presence in Triad III.
Countywide school board members could hear the first crucial details Tuesday, March 19, of contract buyout talks under way between their attorney and Shelby County Schools superintendent John Aitken.
Local Democrats gather Saturday, March 16, for what is already a high-profile race for the chairmanship of the Shelby County Democratic Party.
Gramercy Capital Corp. has acquired Hacks Cross Logistics Center Building 1 in Olive Branch for $24.65 million from Hillwood Investment Properties.
Tigers coach Josh Pastner likes to talk about how there are three parts to the college basketball season. The University of Memphis aced their final run through the Conference USA regular season (going 16-0 in Part 1).
When Rudy Gay talked to Yahoo Sports about needing a change, about the trade from Memphis to Toronto being good for him, all the focus fell on the following quote about Memphis’s new ownership group:
MEMPHIS STANDOUT
Wade Hartsfield’s career plan to become a nurse took a detour when he took a part-time job with a catering company to help pay for nursing school.
LOCAL COLUMNISTS
OF KATZ AND RATS, DADS AND DONUTS. Howard and I were having breakfast. It was supposed to be about business. Turns out it was about monkeys and parakeets and donuts and dawns and day-olds, about his Memphis and mine, about ours.
Sheryl Sandberg, the chief operating officer of Facebook has a new book out. “Lean In” has generated a lot of media attention. It’s all about women and leadership in the business world. Bottom line: she encourages women to seek leadership-level positions. Listening to the news stories we asked ourselves, “what about the nonprofit sector?”
STATE GOVERNMENT
NASHVILLE (AP) – Senate Speaker Ron Ramsey says he wants to a supermarket wine bill to clear his chamber's committees even though the House version failed this week.
NASHVILLE (AP) – The state's attorney general has raised constitutional concerns over an effort to strip Vanderbilt University of its police force because of a nondiscrimination policy for student groups.
NASHVILLE (AP) – The Senate has approved legislation that would protect student counselors at public higher education institutions who withhold their services because of religious beliefs.
NASHVILLE (AP) – Gov. Bill Haslam's proposal to tighten enrollment requirements at privately run online schools has passed the Senate.
NASHVILLE (AP) – Rep. Curtis Johnson is presiding over the Tennesee House while Speaker Beth Harwell is away to attend to her mother's funeral.
NASHVILLE (AP) – As Tennessee lawmakers consider a proposal to crack down on ticket scalping, a Nashville lawyer who opposes the bill alleges that a manager of The Black Keys tried to persuade him to change his position in exchange for tickets to a performance by the band.
NASHVILLE (AP) – A proposal to do away with the state's motorcycle helmet law passed a Senate panel on Wednesday despite Gov. Bill Haslam's opposition.
NATIONAL BUSINESS
WASHINGTON (AP) – Working mothers increasingly want full-time jobs, and tough economic times might be a big reason, according to a national survey.
CHARLOTTE, N.C. (AP) – Steelmaker Nucor Corp. on Thursday projected a first-quarter profit well below current Wall Street predictions, saying that its mills haven't gotten the seasonal boost that they typically do during the quarter.