4569 Summer Ave. Memphis, TN 38122

Sale Amount: $2.7 million

Sale Date: May 17, 2013

2. Iberiabank Installs New Executive in Memphis - Saturday, May 25, 2013

Iberiabank has a new senior vice president and commercial relationship manager in the bank’s Memphis market.

Brandon Cooper will be in the bank’s Memphis-area corporate office at 4984 Poplar Ave. He comes to Iberiabank from Trustmark National Bank, where he was first vice president and commercial relationship manager.

3. Former Ike’s on Summer Sells for $2.7 Million - Friday, May 24, 2013

A 16,085-square-foot former Ike’s drug store at the corner of Summer Avenue and North Perkins Road in Berclair has sold for $2.7 million.

FSC FMC-FD Memphis TN LLC, which lists a Lake Como, N.J., address, bought the property at 4569 Summer Ave. on May 17 from FDS Holdings LLC and Blue Cedar Properties LLC.

4. Iberiabank Installs New Executive in Memphis - Tuesday, May 21, 2013

Iberiabank has a new senior vice president and commercial relationship manager in the bank’s Memphis market.

Brandon Cooper will be in the bank’s Memphis-area corporate office at 4984 Poplar Ave. He comes to Iberiabank from Trustmark National Bank, where he was first vice president and commercial relationship manager.

5. Rhodes Honors Gray for Outstanding Research - Wednesday, May 08, 2013

Dr. Patrick Gray, an associate professor in Rhodes College’s department of religious studies, has received the college’s Clarence Day Award for Outstanding Research. Gray’s research centers on biblical studies, specifically the history and literature of early Christianity and the Greco-Roman context.

6. Lender Buys Bartlett Office Building After Default - Tuesday, April 16, 2013

The 59,882-square-foot Bartlett Square office building at 5705 Stage Road in Bartlett has been sold back to the lender following a foreclosure.

7. Trustmark Buys Branches From SOUTHBank - Saturday, April 06, 2013

Trustmark National Bank has inked a branch purchase and assumption agreement to acquire two branches of SOUTHBank to serve the Oxford, Miss., market.

8. Trustmark Buys Two Branches From SOUTHBank - Monday, April 01, 2013

Trustmark National Bank has inked a branch purchase and assumption agreement to acquire two branches of SOUTHBank to serve the Oxford, Miss., market.

9. Nike Buys Frayser Land From Belz for Expansion - Tuesday, February 05, 2013

200 acres in Frayser Sale Amount: $2.2 million

Sale Date: Jan. 24, 2013

Buyer: Nike TN Inc.

10. Mayor, Banks Revive Program Targeting City’s Unbanked - Monday, February 04, 2013

It started with a letter. More than two dozen of them, actually. Bankers from around Memphis got a missive from Memphis Mayor A C Wharton Jr. in 2010 that solicited help from bankers like Joe DiNicolantonio, West Tennessee area president for Regions Bank.

11. Aluma-Form Files $1.8 Million Loan on Facility - Thursday, January 31, 2013

Memphis-based Aluma-Form Inc., whose headquarters are at 3625 Old Getwell Road in Oakhaven, has filed a $1.8 million loan on the property through Trustmark Inc.

12. Fewer US Banks Fail as Industry Strengthens - Wednesday, January 02, 2013

WASHINGTON (AP) – U.S. banks ended 2012 with their best profits since 2006 and fewer failures than at any time since the financial crisis struck in 2008. They're helping support an economy slowed by high unemployment, flat pay, sluggish manufacturing and anxious consumers.

13. Rheumatology Clinic Buys Germantown Office Building - Tuesday, November 27, 2012

7660 Poplar Pike Germantown, TN 38138

Sale Amount: $986,850

Sale Date: Nov. 14, 2012

14. Rheumatology Clinic Buys Germantown Office Building - Monday, November 26, 2012

Rheumatology Specialty Clinic PLLC has bought the 4,728-square-foot building at 7660 Poplar Pike in Germantown for slightly less than $1 million.

15. Third-Quarter Earnings Vary Widely - Monday, October 29, 2012

Third-quarter earnings season is wrapping up, and the results have been all over the map for banks and financial institutions with ties to Memphis.

One common thread: many are still making money – an increase in profits, in fact. But the low interest rate environment is eating into how much some of them are able to achieve.

16. Trustmark Profit Rises as Bad Loans Fall - Thursday, October 25, 2012

JACKSON, Miss. (AP) — Trustmark Corp. says profit in 2012's third quarter rose 10.9 percent from the same three months of 2011, as it paid less interest on deposits and set aside less money to cover future bad loans.

17. Shelby Oaks Red Roof Inn Sells for $1.6 Million - Tuesday, September 25, 2012

6055 Shelby Oaks Drive
Memphis, TN 38134

Sale Amount: $1.6 million

Sale Date: Sept. 19, 2012

18. Courtyard by Marriott Owner Files $15M Loan - Friday, September 21, 2012

The company that developed and owns the Courtyard by Marriott hotel at 75 Jefferson Ave. has filed a $15 million loan on the Downtown property.

19. Herbalife Plans to Expand Memphis Distribution Center - Tuesday, August 21, 2012

5025 Crumpler Road
Memphis, TN 38141

Permit Cost: $4.8 million

Permit Date: Applied August 2012

20. Former Ike's Sells for $1.3 Million - Friday, August 17, 2012

A 16,085-square-foot former Ike’s drug store at the corner of Summer Avenue and North Perkins Road has sold for $1.3 million, or about $81 a square foot.

3C Summer Partners LLC, which lists a residential address in Brentwood, Tenn., bought the property from Stephen L. LaFrance Pharmacy Inc., filing a $1.7 million loan through Trustmark National Bank at the time of purchase.

21. Trustmark Corp. Reports Solid Q2 Profit - Thursday, July 26, 2012

Jackson, Miss.-based Trustmark Corp. reported net income this week of $29.3 million for the second quarter, representing earnings of $0.45.

22. Trustmark Buying BancTrust in $55.4 Million Transaction - Wednesday, May 30, 2012

Trustmark Corp. is buying BancTrust Financial Group Inc. in a stock deal valued at approximately $55.4 million, helping the bank to expand in Florida and Alabama.

23. Humane Soc. Names Walker Development, Marketing Mgr. - Wednesday, March 21, 2012

Leah Walker has joined the Humane Society of Memphis & Shelby County as development and marketing manager. Walker represented her home state as Miss Georgia in 2008 before joining the Greater Memphis Chamber as a development consultant.

24. Trustmark Bank Promotes Memphis-Area Employees - Friday, February 24, 2012

Trustmark Bank has announced a round of promotions in its Memphis region.

Steve Childress, the branch manager at the Poplar-Ridgeway branch and who joined Trustmark in May 2010, has been promoted to assistant vice president.

25. Land South of Shelby Forest Sells for $2.3 Million - Tuesday, December 06, 2011

Vacant Land
Near Shelby Forest Park
Sale Amount: $2.3 million

Sale Date: Nov. 17, 2011
Buyer: Warren Nickolas Nunn
Seller: Estate of William S. Howard Sr.
Loan Amount: $2.5 million
Loan Date: Nov. 18, 2011
Maturity Date: n/a
Lender: Patriot Bank
Details: Warren Nickolas Nunn has bought several large parcels of vacant land from the estate of William S. Howard Sr. for $2.3 million, financing it with a $2.5 million loan through Patriot Bank.

26. Off the Dock Seafood Plant Sells for $1.3 Million - Wednesday, November 30, 2011

Nashville-based Seafood Property Partners GP has bought a 9,224-square-foot seafood packing plant at 3511 Sky Harbor Cove from David Feinstone and Andria Feinstone for $1.3 million.

27. Peppers Joins Lifeblood To Grow Donor Base - Wednesday, November 16, 2011

Jeanie Peppers has joined Lifeblood as senior donor relations account manager.

Hometown: Drummonds, Tenn.

28. Trust One Parent Has Profitable Q3 - Monday, October 31, 2011

Columbus, Ga.-based Synovus Financial Corp. reported earnings of $15.7 million for the third quarter, the company’s first quarterly profit since Q2 2008.

29. Trustmark Corp. Reports Profitable Q3 - Thursday, October 27, 2011

Trustmark Corp., the parent of Trustmark National Bank, reported net income of $27 million in the third quarter.

30. Trustmark Announces Several Promotions - Friday, October 14, 2011

Trustmark has named Thomas Harrison corporate treasury services relationship manager for the bank’s Memphis region.

31. Arlington Shopping Center Financed for $1.5 Million - Thursday, July 14, 2011

Slidell, La.-based Southeast Investments LLC has financed a nearly 24,000-square-foot shopping center at 6050 Air Line Road in Arlington for $1.5 million through Trustmark National Bank. The loan matures July 5, 2016.

32. $7.8 Million Loan Filed For Ridge Lake Doctor’s Office - Wednesday, July 06, 2011

VRF Building Partners LLC has filed a $7.8 million loan through Trustmark National Bank for 825 Ridge Lake Blvd.

33. Local Musician Prepares for a Media Blitz - Wednesday, June 29, 2011

Christian musician Jill Dyson is preparing for a media blitz to promote the original song she recorded as the winner of the Memphis Star talent competition in 2010. As the 2010 winner of the contest – sponsored by Trustmark Bank, WGKX Kix 106 and Ardent Studios – Dyson has completed recording her song “Wears the Love.”

34. Smith & Nephew Files Permit For Goodlett Farms Building - Tuesday, May 03, 2011

7135 Goodlett Farms Parkway
Cordova, TN 38016
Permit Amount: $8 million

35. Trustmark Q1 Earnings Largely Flat - Thursday, April 28, 2011

JACKSON, Miss. (AP) – Trustmark Corp., which has 150 banking offices in the South, posted a first-quarter profit largely unchanged from a year ago as the company continued reducing its number of bad loans, the company reported.

36. Stonebriar Properties Buys Land in Stonebriar Phase 5 - Tuesday, April 26, 2011

Germantown-based Stonebriar Properties LLC has bought 63 lots in Stonebriar Planned Development, phase 5, as well as 30 acres of vacant land in the development, from Land Solutions LLC for $2.5 million.

37. IBERIABANK Makes Several Local Hires - Tuesday, April 05, 2011

IBERIABANK has been on a hiring spree in Memphis.

The bank has made a handful of local hires within the past several months. They include Luke Yancy, formerly with SunTrust, who will be a relationship manager in IBERIABANK’s commercial group.

38. Takeuchi Joins Memphis Veterinary Specialists - Wednesday, February 23, 2011

Dr. Ai Takeuchi has joined Memphis Veterinary Specialists and PetMed Emergency Center as the facility’s first hospitalist.

Hometown: Kugenuma, Japan, but I grew up in Trinidad, U.S., Indonesia and Singapore as well.
Education: University of Pennsylvania, VMD; Mount Holyoke College, BA
Family: I am in Memphis with my husband, Chris, and my son, Aiden, who is almost 4 months old. We have a dog named Bovie and three cats: Rex, Mika and Lailee.
Activities you enjoy outside of work: Eating good food; I’m a foodie and love trying new restaurants. I also love to cook, horseback ride, read books and go on hikes or long walks with the family and our dog, Bovie.
Who has had the greatest influence on you? My mom had the most influence over me. She was a “Tiger Mom” and raising me in different countries while upholding cultural traditions must have been a challenge. She always pushed me to excel and I wouldn’t be where I am today without her support.
Why did you pursue a career as a veterinarian? At the age of 4, I went from wanting to be a bus driver to a veterinarian. I’ve always loved animals, and taking care of them is my dream job. They have no voice of their own and need someone to champion for them and take their interests at heart. They are all innocent little souls that need someone to watch over them.
What drew you to Memphis Veterinary Specialists? I wanted to work with boarded specialists who offered the highest level of medicine available. I enjoy emergency work as well as the challenges of complicated cases. It is imperative that I can give my clients a variety of medical options, including seeing a premier specialist.
What do you consider your greatest professional accomplishments? Whenever I can say I helped a family cope with their pet’s illness and was able to ease both their pain and help their pet. That is a great accomplishment for me.
What do you most enjoy about your work? Making a difference in an animal’s life and their family’s life. Being able to bring comfort to both the pet and the family makes my job fabulous. Even if the diagnosis is not a good one, at least I can answer their questions and help them make the right decision for their family.

39. Cadence Bank CEO Stepping Down - Monday, February 21, 2011

Lewis Mallory, the chairman and CEO of the holding company for Cadence Bank, is stepping down.

40. Cadence Bank CEO Stepping Down - Friday, February 18, 2011

Lewis Mallory, the chairman and CEO of the holding company for Cadence Bank, is stepping down.

41. Foreign Investors Buy Treasure Park Apartments - Tuesday, February 15, 2011

2601 N. Watkins St.
Memphis, TN 38127
First Sale: $1.1 million

Sale Date: Jan. 31, 2011
Buyer: City National Bank
Seller: Federal Deposit Insurance Corp. as receiver for Imperial Capital Bank of La Jolla, Calif.
Second Sale: $450,000
Sale Date: Jan. 28, 2011
Buyer: Square Mile Investments LLC
Seller: City National Bank
Details: A foreign investment group named Square Mile Investments LLC has bought Treasure Park Apartments at 2601 N. Watkins St. in Frayser from City National Bank for $450,000.
Details: A foreign investment group named Square Mile Investments LLC has bought Treasure Park Apartments at 2601 N. Watkins St. in Frayser from City National Bank for $450,000.

42. Cordova Strip Center Sells for $800,000 - Thursday, February 10, 2011

Cordova-based Monopoly Properties LLC has bought a strip shopping center at 990 N. Germantown Parkway from U.S. Bank NA, as trustee for Morgan Stanley Capital I Inc. Commercial Mortgage Pass-Through Certificates Series 2005-HQ7, for $800,000.

43. Trustmark Nearly Doubles 4Q Profit - Thursday, January 27, 2011

JACKSON, Miss. (AP) – Regional banker Trustmark Corp. said it nearly doubled its fourth-quarter profit from a year ago as the company recorded declines in bad loans and cut its exposure to Florida real estate problems.

44. Trustmark Forecloses on 46 Lots in Gailyn Manor - Wednesday, January 26, 2011

Trustmark National Bank has foreclosed on 46 lots in Gailyn Manor Planned Development, phase II, according to a first-run foreclosure notice in today’s Daily News. The foreclosure notice was filed because borrower Gailyn Manor Inc. defaulted on a $2.1 million loan through Trustmark. That loan was a construction deed of trust dated Nov. 15, 2005, for what at the time was 34.3 vacant acres on Old Brownsville Road.

45. Cadence Shareholders Approve Merger - Friday, December 10, 2010

The vast majority of voting shareholders of Cadence Financial Corp. – 89 percent – voted Thursday for publicly traded Cadence to be taken private via the company’s acquisition by a private equity company.

46. Polly Installed as President of Downtown Kiwanis Club - Wednesday, December 01, 2010

Dianne Polly, vice president of compliance and community relations for Metropolitan Inter-Faith Association, has been installed as president of the Downtown Memphis Kiwanis Club. Also, she has been appointed chairman of the American Dietetic Association’s Ethics Committee.

47. Trustmark Boosts Q3 Earnings 15 Percent - Thursday, October 28, 2010

JACKSON, Miss. (AP) – Regional banking company Trustmark Corp. said it posted a 15 percent increase in third-quarter profit as the company while making progress in reducing its exposure in Florida.

48. Cadence Deal: Four-Month Whirlwind - Monday, October 25, 2010

A whirlwind of negotiations spanning four months and involving multiple suitors led to Cadence Bank’s acceptance two weeks ago of a buyout by a Houston-based private equity firm.

49. Trustmark: Cadence Deal May Be Primer on How to Do It - Friday, October 22, 2010

JACKSON, Miss. (AP) — Trustmark Corp. believes its attempt to acquire Cadence Bank — even though it failed — can serve as a blueprint for other banks seeking to buy distressed institutions not yet under Federal Deposit Insurance Corporation control.

50. Local TARP Profits Lining Up For Fed - Tuesday, October 19, 2010

The federal government has so far turned a nearly $93 million profit from the investment of emergency capital into Memphis-area banks as part of its larger rescue of the nation’s financial system in 2008.

51. Cadence Shareholders to Vote on Sale - Monday, October 11, 2010

Cadence Bank shareholders are expected to vote within the next two months on the bank’s sale to a Houston-based private equity firm, with the surprising and hastily arranged deal closing by the end of this year or in early 2011.

52. Cadence Snubs Trustmark, Finds Another Partner - Thursday, October 07, 2010

Never mind – turns out, Cadence Bank isn’t getting acquired by Trustmark Bank after all.

53. Cadence-Trustmark Deal is Off - Wednesday, October 06, 2010

Never mind – turns out, Cadence Bank isn’t getting acquired by Trustmark Bank after all.

54. Morgan Keegan Turns Focus to Growing Banks - Monday, October 04, 2010

The equity research department of Morgan Keegan & Co. Inc. has initiated coverage on a handful of Mid-South banks that are relatively small in size but have big ambitions and plenty of promise with which to grab investor attention.

55. Weeks of Talks Preceded Merger - Monday, September 27, 2010

The merger of Cadence Financial Corp. into Trustmark Corp., an all-stock deal announced late Wednesday, came to fruition relatively quickly, ending a period of uncertainty and volatility for Cadence and re-iterating Trustmark’s strength.

56. Trustmark-Cadence Merger Shows Different Outcomes - Friday, September 24, 2010

The merger of Trustmark National Bank and Cadence Bank offers a reminder of the arguably scattershot approach with which the federal government implemented the Troubled Asset Relief Program.

57. Trustmark, Cadence Banks Merging - Thursday, September 23, 2010

Two Mid-South banks – Trustmark Corp. and Cadence Financial Corp., each with a handful of branches in Shelby County – announced the signing of a merger agreement Wednesday afternoon.

58. Trustmark CEO Prepares to Retire - Wednesday, September 22, 2010

Trustmark Corp. CEO Richard Hickson is preparing to hand off the reins of the Jackson, Miss.-based bank to Gerard (Jerry) Host at the end of the year, when Hickson retires from the post Dec. 31.

59. Host to Become CEO of Trustmark - Thursday, September 16, 2010

JACKSON, Miss. (AP) – Trustmark Corp. and its subsidiary, Trustmark National Bank, said Tuesday that Gerard Host will serve as president and CEO of both companies starting Jan. 1.

60. Trustmark Boosts Q2 Profit - Thursday, July 29, 2010

JACKSON, Miss. (AP) – Regional banker Trustmark Corp. nearly doubled its second-quarter profit through the combination of more revenue and reductions in problem loans, the company reported.

61. Great Oaks Church of Christ Begins Work on New Wing - Tuesday, June 22, 2010

3355 Brunswick Road
Bartlett, TN 38133
Loan Amount: $1 million
Loan Date: June 16, 2010
Maturity Date: June 10, 2011
Borrower: Great Oaks Church of Christ
Lender: BancorpBank South

62. Paintball Park Sells For $3.5M After Foreclosure - Wednesday, June 16, 2010

The property that houses the Paintball Park at 9640 Davies Plantation in Lakeland has sold for $3.5 million in a substitute trustee’s deed following a foreclosure.

The sale closed June 10 with Trustmark National Bank reclaiming the 101.95-acre property on the Shelby County Courthouse steps from substitute trustee Kelly E. McCarthy of Morton & Germany LLC.

63. Wharton, Local Bankers Launch Financial Literacy Push - Thursday, April 01, 2010

Memphis Mayor A C Wharton Jr. gathered about two dozen bankers and finance professionals in his seventh-floor conference room at City Hall Wednesday to launch an ambitious financial literacy campaign.

64. Wharton, Local Bankers Launch Bank On Memphis - Wednesday, March 31, 2010

Memphis Mayor A C Wharton Jr. gathered about two dozen bankers and finance professionals in his seventh-floor conference room at City Hall Wednesday to launch an ambitious financial literacy campaign.

65. Stephenson Finds Success In Memphis - Monday, March 29, 2010

Susan Stephenson grew up in East Tennessee and followed her heart to Memphis when a young man she knew decided to attend graduate school here.

66. Former Orgill Distribution Center Sold Following Foreclosure - Tuesday, March 23, 2010

2108 Latham St.
Memphis, TN 38109
Sale Amount: $2.5 Million

Sale Date: March 9, 2010
Buyer: NW-2100 Latham Street LLC
Seller: Bradley Ottinger, trustee

67. Onyx Medical Files $3.5 Million Permit - Monday, March 22, 2010

Onyx Medical Corp. last week filed a $3.5 million permit with the city-county Office of Construction Code Enforcement to build a facility at 5121 N. Shelby Oaks Drive.

68. Six Permits Issued to Airport For Ground Transportation Center - Tuesday, March 09, 2010

2491 Winchester Road
Memphis, TN 38116
Permit Amounts: $89.5 Million

Project Cost: $121 million
Permit Date: Issued March 2010
Completion: Spring 2012
Owner: Memphis-Shelby County Airport Authority
Tenant: Memphis-Shelby County Airport Authority
Contractor: The Flintco Cos. Inc.
Architect: Walker Parking Consultants

69. RBM Venture Files Two Loans on Cordova Lots - Monday, March 08, 2010

RBM Partners LP and RBM Trinity LP, two related entities connected to RBM Venture Co., have filed $1.6 million and $700,000 loans, respectively, on two lots near Trinity and Dexter roads in Cordova.

70. Onyx Files Loan For New HQ - Thursday, March 04, 2010

Onyx Medical Corp. on Monday filed a $3.9 million construction loan through Trustmark National Bank to build a facility at 5121 N. Shelby Oaks Drive.

71. Trustmark Looks to Future Thanks to Strong 2009 - Wednesday, March 03, 2010

Richard Hickson, chairman, president and CEO of Jackson, Miss.-based Trustmark Corp., has plenty of reasons to say four words not heard often among bankers these days:

72. Little Guys, Big Guys - Monday, February 22, 2010

No one would mistake a local institution like Tri-State Bank for one of Wall Street’s mighty titans of finance, whose recent woes brought the U.S. and world economies to their knees.

73. Banks Find Time Right to Repay TARP - Monday, February 01, 2010

President Barack Obama made an effort to show his disdain for the taxpayer-funded bank bailout during his State of the Union address Wednesday night, likening its popularity to that of a root canal.

74. TARP paybacks spell end for Wall Street, Washington marriage - Friday, January 08, 2010

About 230 miles separate the centers of political and financial power in the United States.

But in 2010, Wall Street and Washington will remain as interlocked as they’ve been for the past two years, ever since the federal government first began using the public credit card to shore up the wobbly financial marketplace.

75. Trustmark Corp. Buys Back Warrants From Treasury - Tuesday, January 05, 2010

Jackson, Miss.-based Trustmark Corp. has spent $10 million to buy back warrants from the U.S. Treasury that were included in the bank’s Troubled Asset Relief Program (TARP) aid it got last year.

76. Renal Company Sells Clinic, Leases It Back From New Owner - Tuesday, December 29, 2009

4185 Pace Road
Memphis, TN 38116
Sale Amount: $2 Million

Sale Date: Dec. 17, 2009
Buyer: BanBan South Memphis LLC
Seller: RAI II LLC
Loan Amount: $1.5 million
Loan Date: Dec. 15, 2009
Maturity Date: March 7, 2011
Lender: First Security Bank

77. Owner Files $2.3M Loan On Retail Center - Thursday, December 24, 2009

The owner of the Kirby Gate shopping center in the Quince/Ridgeway area on Dec. 16 filed a $2.3 million loan through Trustmark National Bank against a portion of the property.

78. Mixed Signals Remain for Local Banking Industry - Monday, December 21, 2009

The old proverb about the fear of dismounting a tiger – once you’re riding one, you can’t hop off without becoming easy prey for the beast – seems applicable to the banking industry at the moment.

The tiger it’s riding is an economy marked by delinquent mortgages, companies shedding jobs and unpaid consumer loans stacking up as borrowers fall further behind. As a result of that upheaval, the U.S. government has basically turned into a vast holding company sitting on giant stakes in automakers and hundreds of banks.

79. Migliara Buys Summer Avenue Retail Center from Las Vegas Owner - Tuesday, December 15, 2009

6343 U.S. 70 (Summer Ave.)
Memphis, TN 38134
Sale Amount: $1.2 Million

Sale Date: Nov. 25, 2009
Buyer: Lawrence Migliara
Seller: Biz Point Property Group LLC
Loan Amount: $1.2 million
Loan Date: Nov. 25, 2009
Maturity Date: Dec. 5, 2014
Lender: Trustmark National Bank

80. Trustmark Corp. Repays $215 Million in TARP Funds - Monday, December 14, 2009

Jackson, Miss.-based Trustmark Corp. has repaid the $215 million in taxpayer bailout money the bank received last year under the Troubled Asset Relief Program (TARP).

81. Migliara Buys Summer Ave. Retail Center for $1.2M - Tuesday, December 08, 2009

Local real estate investor and retail owner Lawrence Migliara has bought the 14,700-square-foot strip center at 6343 U.S. 70 (Summer Ave.) near Bartlett for $1.2 million from Biz Point Property Group LLC of Las Vegas.

The retail building, part of the Bartlett Commercial Center Planned Development, sits on the east side of Summer Avenue near its intersection with Elmore Road and across the street from the Summer Avenue driver testing station.

82. Trustmark Anxious to Shed TARP Assistance - Tuesday, December 08, 2009

Dominating headlines in the financial press a few days ago was the news Bank of America Corp. has firmed up a plan to repay $45 billion in bailout money with the blessing of Uncle Sam.
At least one bank with a presence in the Memphis market that also got a sliver of last year’s Troubled Asset Relief Program funding may not be far behind the Charlotte, N.C.-based banking giant.
Jackson, Miss.-based Trustmark Corp. soon will ask representatives of the Office of the Comptroller of the Currency, Federal Reserve and U.S. Treasury for permission to repay the government’s $215 million TARP investment in the bank.
Trustmark will seek that approval upon Monday’s completion of a public offering of common shares intended to raise $100 million, some or all of which could be used to buy back preferred shares of stock Trustmark sold to the government.

83. Hinds Co. to Borrow $6M to Cover Expenses - Wednesday, November 18, 2009

JACKSON, Miss. (AP) - Hinds County will borrow $6 million from BancorpSouth to cover operating expenses for the first three months of this fiscal year.

The Board of Supervisors voted Oct. 19 to take out a loan for October, November and December and to repay it with taxes collected in 2011.

84. Loan Losses Still Up at Area Banks - Monday, November 16, 2009

With a few exceptions, most major regional and community banks with a presence in the Memphis market are socking away more money these days to cover troubled parts of their loan portfolios.

The degrees to which they’re piling up those cushions vary widely, with the figure more than doubling at banks like Cadence and Renasant when comparing the just-ended third quarter to the same period last year. And the trend is important to watch, because when provisions for loan losses are on the rise it eats into a bank’s earnings, which in turn postpones the return of stability to the industry.

85. Banks Report Mixed Q3 Results - Monday, October 26, 2009

The spate of third-quarter reports from banks with ties to Memphis continues this week, with Mississippi-based Cadence Bank and Trustmark next up to show how they fared between July and September.

86. Treasury: Local Banks Have Paid $42M in Interest - Monday, October 12, 2009

Memphis-area banks have paid more than $42 million in interest to the federal government as part of the strings attached to emergency capital they received starting last year.

The desperately needed cash was doled out to banks to help them ride out the economic storm, and was one of the most significant planks in the government’s rescue of the financial system. Banks are making quarterly interest payments on those capital infusions, and the tally from banks in and around Memphis comes from a new report from the U.S. Treasury.

87. Dollar General Coming To James Road in Raleigh - Tuesday, September 29, 2009

3609 James Road
Memphis, TN 38128
Permit Amount: $497,000

Project Cost: $497,000
Permit Date: Applied September 2009
Completion: TBA
Owner: SW Properties LLC
Tenant: Dollar General Corp.
Contractor: SW Properties LLC
Architect: N/A

88. ‘Hoops of Fire’ Squelch Commercial Real Estate Activity - Wednesday, September 23, 2009

The economy hasn’t extinguished commercial real estate deals, but it certainly has changed the way they get done.

Shane McElveen learned about the tedious process of property acquisition when he looked into buying the High Point Funeral Chapel at 3788 Summer Ave. in the Berclair area. McElveen, who had worked at the chapel as senior vice president, was trying to buy the business from owner G. David Keller.

89. Waddells Buy Ashley Manor Condominiums - Tuesday, September 22, 2009

John and Nancy Waddell have bought the two-building, 16-unit Ashley Manor condominiums at 129 and 137 N. Belvedere St. in Midtown for $1.6 million from Chamberlain, McCreery and Rice GP. The sale closed Sept. 4.

90. Caputo Joins Baker Donelson’s Construction Law Practice - Wednesday, September 16, 2009

Chris Caputo has joined Baker, Donelson, Bearman, Caldwell & Berkowitz PC. Caputo concentrates his practice in construction law and has experience in representing public and private owners, contractors and subcontractors, suppliers, insurers, financial institutions and design professionals.

91. Enclave Partnership Files Loan For 19 Lots of Enclave at Sparkle Creek - Tuesday, August 25, 2009

Enclave at Sparkle Creek Planned Development
Unincorporated Shelby County
Loan Amount: $1.5 Million

Loan Date: Aug. 13, 2009
Maturity Date: Aug. 15, 2011
Borrower: The Enclave Partnership
Lender: Merchants & Planters Bank

92. Funeral Home and Office Sell for $3.4 Million - Monday, August 24, 2009

A Berclair commercial portfolio anchored by the High Point Funeral Chapel sold Aug. 10 for $3.4 million in an internal transaction. The seller, G. David Keller, is listed as president and owner of the funeral home at 3788 Summer Ave.

93. Banks Pay Back $30M in Interest on TARP Money - Monday, July 27, 2009

The federal government has collected almost $30 million in interest payments from Memphis-area banks that got emergency capital starting last year, according to a new report from the U.S. Treasury.

94. Trustmark Expected to Hit Confident Note At Meeting - Tuesday, May 12, 2009

Trustmark Corp. chairman and CEO Richard Hickson told an audience at last week’s Gulf South Bank Conference that his bank is ready to ride out the economy’s storm.

95. Trustmark’s Earnings Dip For Quarter, Year - Thursday, January 29, 2009

Jackson, Miss.-based Trustmark Corp. has reported that earnings fell 16 percent to $91.1 million, or $1.59 per basic share, in 2008 from $108.6 million, or $1.88 per basic share, a year earlier.

96. Stronger Banks Keep Opting Into Bailout Program - Monday, November 24, 2008

The impact that the U.S. Treasury Department’s capital purchase program will have on the banking landscape in Memphis is coming more clearly into view.

Bank of Bartlett has applied to participate in the government program, and bank chairman and CEO Bob Byrd said the bank probably will end up taking part in the program. Independent Bank is still evaluating whether it wants to participate.

97. BNSF Adds Fueling Facility To Memphis Intermodal Yard - Tuesday, October 07, 2008

5280 E. Shelby Drive
Memphis, TN 38118
Permit Amount: $1.6 Million

Project Cost:$100 million
Permit Date:Applied October 2008
Completion:Second Quarter 2009
Owner:BNSF
Tenant:BNSF
Contractor:Ames Construction

98. Warren Named Bursar At University of Memphis - Wednesday, October 01, 2008

Carol Warren has accepted the position of bursar in the Division of Business & Finance at the University of Memphis. Warren is a graduate of the University of Memphis and has experience in student financial service operations working for the U of M previously as the assistant bursar. Before joining the university, Warren spent several years in the Loan Division at First Tennessee Bank.

99. G’Town Office Building Sells for $1 Million - Monday, September 29, 2008

The office building at 7660 Poplar Pike in Germantown isn’t quite finished, but it already has a new owner. Bregenzer Properties LLC paid $1 million for the 5,000-square-foot structure. The company bought the office building from Nancy S. Waddell, who acquired it in March from the builder, The Salvaggio Group LLC.

100. THM to Build Nursing Facility Near Downtown - Tuesday, September 16, 2008

1513 N. Second St.
Memphis, TN 38107
Permit Amount: $12.5 Million

Project Cost: $12.5 million
Permit Date: Applied September 2008
Completion: Winter 2009
Owner: Harbor View Properties Inc.
Tenant: Harbor View Properties Inc.
Contractor: Inman Construction Co.
Architect: Askew Nixon Ferguson Architects Inc.