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Editorial Results (free)

1. Community Impact -

Attendees on the opening night of the Indie Memphis Film Festival a few weeks ago saw splashed on movie screens, before their features got underway, the logo of Memphis-based investment firm Duncan-Williams Inc. and its two-word motto of “Do Well.”

2. Evolve Bank & Trust Expands to Jonesboro -

Evolve Bank & Trust has announced it will be opening a new office in Jonesboro, Ark., next month.

The Memphis-based bank’s new office there includes a group formerly with Liberty Bank, the arrival of which Evolve president and CEO Scott Stafford said “is a great score for us.”

3. Evolve Bank & Trust Honored for Creating Jobs -

Memphis-based Evolve Bank & Trust generated 203 jobs from Jan. 1, 2012, through June 30 of this year, a feat that was honored in Inc. Magazine’s second annual Hire Power Awards.

4. Hammond Joins Evolve Bank to Expand Lending -

Chris Hammond, formerly with Nashville-based Physicians Capital, has joined Memphis-based Evolve Bank & Trust to help expand Evolve’s lending operations.

5. Shelby County Mortgages Show Nearly 4 Percent Gain -

The mortgage market is starting to get interesting, in a manner of speaking. Earlier this month, interest rates for mortgages rose in what was described as the largest one-day jump in at least 10 years, according to Mortgage News Daily. That in large part stemmed from the Federal Reserve, which has been snatching up $85 billion worth of mortgage-backed securities a month.

6. Summer Travel Forecast: Better, but No Blowout -

NEW YORK (AP) – This summer, high rollers are flying to lavish hot spots for their vacations. The rest of us are driving to less luxurious places like nearby campgrounds.

The good news: At some U.S. campgrounds these days you get live bands, air guitar contests and chocolate pudding slip 'n slides.

7. Banks Showcase Artwork, Local Artists -

Since December, Paragon National Bank has been showcasing art pieces from Dogwood Elementary School students at its Saddle Creek bank branch at 7600 Poplar Ave.

8. County’s Mortgage Market Up 7 Percent -

If they had any worries about next year’s taxes, the fiscal cliff and economic uncertainty, the local mortgage market saw borrowers brush them aside during November.

Continuing a pattern that’s been more the rule than the exception this year, Shelby County’s mortgage market keeps growing at a steady clip, and continued doing so through last month. Total mortgage volume countywide in November was up 7 percent over November 2011, climbing to almost $93 million in November 2012 from about $87 million during the same period last year, according to real estate information company Chandler Reports, www.chandlerreports.com.

9. Easy Money -

When the Federal Reserve announced a few weeks ago its newest – i.e., third – round of quantitative easing intended to once again try to juice a sluggish economy, an employee of FTN Financial couldn’t resist a metaphor for the Fed’s open-ended commitment.

10. Local Mortgage Market Up 22 Percent -

It’s been an old story for several quarters – for a few years now, in fact: Rates are low, and homebuyers keep tiptoeing back into the market.

That’s especially liable to be the case going forward, in light of the Federal Reserve’s steps last week to keep interest rates low for an indefinite period of time. Indeed, the local mortgage market continues to feel the effects of those low rates.

11. Evolve Bank ‘Hitting on All Cylinders’ -

Scott Stafford, president and CEO of Evolve Bank and Trust, said his bank is forecasting a strong second half of the year, and it’s not hard to see where that optimism comes from.

12. Evolve Bank & Trust Announces Additions -

Marty Ferguson has joined Evolve Bank & Trust as CEO of the bank’s Small Business Administration Division.

13. Back to Black -

The Friday after Thanksgiving, often dubbed, “Black Friday,” is considered by many to be the traditional start of the holiday season shopping in the U.S.

The origin of the term varies. Some sources attribute the Philadelphia Police Department’s coinage of the phrase in 1966 to describe the hectic traffic and chaotic crowds on the busy shopping day. Others deem the expression to reflect a retailer’s shift to profitability during the holiday season, when a boost in sales moves a business out of the “red” and into the “black.”

14. Industry Growth -

The local banking and finance industries have proven to be a temporary boon of late to a group of people hit hard by contractions in banking and housing: architects and construction workers.

At the moment, a handful of new branches or office locations are either in some phase of construction or are preparing to open for companies that include Independent Bank, Evolve Bank & Trust, Metropolitan Bank, Iberiabank and Shoemaker Financial.

15. Evolve Bank Moving Into Triad Centre III -

Evolve Bank & Trust is preparing to move into a new branch location next month at 6070 Poplar Ave. in the Triad Centre III office building.

16. Evolve Announces New Hires -

Dick Wittenberg has been hired as a senior vice president and private banking officer in the private banking division of Evolve Bank & Trust.

17. Evolve Bank & Trust Adds SBA Division -

Evolve Bank & Trust has added a Small Business Administration division with a nationwide platform to its portfolio of service offerings.

18. Mortgages Plummet 24 Percent -

If the quarterly period between July and September had been a normal one for the local housing market – or even one characterized by recovery – homebuyers should have been lining up to take advantage of plummeting mortgage rates.

19. Response Mixed to Government Small Biz Loan Programs -

Tri-State Bank of Memphis has exchanged its nearly $2.8 million in Troubled Asset Relief Program money for a lower-cost infusion of federal capital that has a slightly different purpose – to boost bank loans to small businesses.

20. Evolve Honors House With Law Scholarship -

A new scholarship established at the University of Memphis Cecil C. Humphreys School of Law honors the legacy of a respected Memphis lawyer and financial consultant who died in December.

E. James “Jim” House Jr. is still remembered for his wisdom, strong work ethic and place in the local business community. One colleague recalled him as a “man’s man” and a “prince of a guy” who would have been thrilled to know his name graces a scholarship that will cover a major part of a law student’s tuition.

21. Archived Article: Newsmakers - HAMILTON EYE INSTITUTE PHYSICIANS RECEIVE AWARDS

Shelby County DCS Administrator Named

Tennessee Department of Childrens Services Commissioner Viola P. Miller appointed Antoinette Holman Shelby County Regional Administrator for DCS. Holman pre...