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Editorial Results (free)

1. First Horizon Grows Net Income in First Quarter -

The first earnings announcement of the 150th anniversary year for First Tennessee Bank’s parent company was one of those seemingly uncommon things in banking these days – a surprise to the upside.

2. Fed Survey: Growth Picks Up Across Most of US -

WASHINGTON (AP) – A Federal Reserve survey shows economic growth picking up across most of the United States over the past two months as bitter winter weather subsided.

Ten of the Fed's 12 regions reported an increase in economic activity, according to the Beige Book survey released Wednesday. In most places, the Fed described the improvement as "modest or moderate." Only Cleveland and St. Louis reported slower growth.

3. The Business Case for Investing in Green Space -

Editor’s Note: This column will appear Tuesdays through April in honor of Sustainability Month for Memphis and Shelby County.

During 2013 the Greater Memphis Chamber formed the Chairman’s Circle, a group of over 100 Memphis business leaders organized to push for action on key issues to accelerate the regional economy. Early in the life of the organization we created “moon missions,” which are coordinated efforts to truly transform our community.

4. Methodist University Hospital Names Liebman New CEO -

Jeff Liebman has joined Methodist University Hospital as chief executive officer. In his new role, Liebman said, he will ensure the hospital continues to be a community resource providing the highest possible quality of care to the community while following the guidelines of the Methodist LeBonheur mission.

5. Fisher Finds Reward Sharing Local Economic Story -

When Conduit Global announced during a January event at FedExForum it would create 1,000 new jobs in Memphis over the next three to five years, Gwyn Fisher was finally able to exhale and show some emotion.

6. Buffett Says Economy Continues to Grow Steadily -

OMAHA, Neb. (AP) – Investor Warren Buffett says the economy continues the steady improvement that began in fall of 2009 and he remains optimistic despite Russia's advance into Ukraine.

7. Sector Capital Management Independent Again -

Three years after its acquisition by Argent Financial Group, Memphis-based Sector Capital Management is an independent company again.

Sector CEO Reed Walters led the negotiations to buy back the wealth management firm in the wake of Louisiana-based Argent going on something of an acquisition spree in recent years. Sector also has relocated from Argent’s office at The Crescent Center to the Atrium I building at 6800 Poplar Ave.

8. Caissa Public Strategy Opens DC Office -

Fueled by a demand for the specialized services it provides, Memphis-based consulting firm Caissa Public Strategy has expanded with the opening of a new office in the nation’s capital.

Caissa founder Brian Stephens said the reason for the expansion there isn’t necessarily obvious. Caissa didn’t hang out its shingle in Washington to focus on landing new work there – instead, the new office is intended to help Caissa have better relationships with its clients there who need work done in the South.

9. Arbors River Oaks Owner Files Loan -

The owner of the 191-unit Arbors Rivers Oaks apartment complex at 6369 Humphreys Blvd. in East Memphis has filed a $12.6 million loan on the property.

10. Frigid Weather Pulls January Auto Sales Down 3 Percent -

DETROIT (AP) – Auto sales slid 3 percent in January as bouts of snow, ice and frigid temperatures in much of the country kept buyers snug in their homes instead of venturing out to car dealers.

11. Trustee to Hold Workshops for Delinquent Taxpayers -

Shelby County Trustee David Lenoir has announced the 2014 schedule for the Project H.O.M.E. (Home Ownership Made Easier) financial literacy workshop series, increasing the number of workshops from 11 to 15.

12. Trustee to Hold Workshops on Delinquent Taxes -

Shelby County Trustee David Lenoir has announced the 2014 schedule for the Project H.O.M.E. (Home Ownership Made Easier) financial literacy workshop series, increasing the number of workshops from 11 to 15.

13. Farm Bill Deal Would Cut Food Stamps by 1 Percent -

WASHINGTON (AP) – Farm-state lawmakers are lobbying colleagues member by member, vote by vote as they push for House passage of a massive, five year farm bill that would make cuts to food stamps and continue generous subsidies for farmers.

14. Call Center ‘Gratifying’ for Local Office Sector -

Conduit Global’s announcement this week that it is locating a call center in Shelby County that will employ 1,000 people was a breath of fresh air for local office real estate professionals.

15. Jobs Explosion -

Conduit Global will hire 1,000 people over the next three to five years to staff a large call center in Shelby County, the company announced Wednesday, Jan. 22.

Conduit Global president Bryce Hayes said the New York-based company will start hiring 300 immediately for the $8 million call center serving Verizon.

16. US Bank Ending Short-Term Loan Product -

MINNEAPOLIS (AP) – U.S. Bank will eliminate a short-term loan offering to meet new federal rules.

The bank is dropping the option after federal regulators set new guidelines last year on "deposit advance" products, which are small-dollar, short-term loans made by banks to customers who have recurring direct deposits. It allows consumers to borrow money against future deposits into their checking accounts.

17. Fed: US Economic Growth Healthy Over Holidays -

WASHINGTON (AP) – A Federal Reserve survey shows economic growth remained healthy in most U.S. regions in late November and December, helped by gains in consumer spending and factory output.

18. Raymond James Looks to Sublease Space -

Raymond James Financial Inc. is marketing space it has vacated at its 21-story Downtown office tower for subleasing opportunities as the company continues to evaluate its real estate needs.

19. Out-of-Town Banks Target Memphis for Growth -

More than 40 percent of the customer deposit share in the Memphis-area banking market belongs to institutions that have a presence here but are based outside the area, the latest figures from the Federal Deposit Insurance Corp show.

20. Banks Tweak Checking, Online Options -

As the two banks with the biggest customer deposit shares in Memphis, First Tennessee Bank and Regions Bank must stay closely in touch with their clients’ checking and online banking needs.

21. Mortgage Market Up 12 Percent in October -

As the year is drawing to a close and the weather is cooling down, the local mortgage market keeps heating up. Continuing a trend that’s held somewhat steady, the market for mortgages in Shelby County continues to improve over the past year.

22. Regions Celebrates ‘Share the Good Week’ -

Through Friday, Nov. 8, Regions Bank associates in Memphis are participating in the company’s Share the Good Week, a coordinated effort across the 16 states Regions serves, including about 350 events to give back to the communities and people who support Regions.

23. Regions Financial Posts Lower Profit in 3rd Quarter -

Regions Financial Corp. said Tuesday its net income fell 5 percent in the third quarter as revenue from mortgage loans declined.

24. Regions Financial Posts Lower Profit in Third Quarter -

Regions Financial Corp. said Tuesday its net income fell 5 percent in the third quarter as revenue from mortgage loans declined.

25. Wunderlich Initiates Coverage of Regions -

Memphis-based Wunderlich Securities Inc. has initiated coverage of financial services giant Regions Financial Corp with a “buy” rating.

26. Fed: Growth Slows in Places on Shutdown Worries -

WASHINGTON (AP) – The Federal Reserve said economic growth slowed in a few key regions of the United States from September through early October, as businesses grew worried about a budget impasse that led to a partial government shutdown.

27. Wunderlich Initiates Coverage of Regions Financial Corp. -

Memphis-based Wunderlich Securities Inc. has initiated coverage of financial services giant Regions Financial Corp with a “buy” rating.

28. Government: Most Heating Bills to Rise This Winter -

The government forecast Tuesday that most households will pay more for heat this winter. Heating oil users will catch a slight break, but still pay near-record prices to keep warm.

Prices for natural gas, electricity and propane should be higher, the primary reason that more than 90 percent of U.S. homes will incur higher heating expenses.

29. Analysts Give Early Read on Government Shutdown -

Brian Sullivan, president and chief investment officer of Regions Investment Management – a division of Regions Wealth Management – is expecting the federal government shutdown to be short-lived.

30. FDIC Releases Latest Market Share Figures -

The Federal Deposit Insurance Corp. has come out with its latest annual ranking of the customer deposit share among banks, and not much has changed in the Memphis metropolitan statistical area over 2012.

31. Shutdown Gives Obama Unlikely Ally: Big Business -

WASHINGTON (AP) – Business leaders are taking sides with Democratic President Barack Obama after failing to persuade their traditional Republican allies in Congress to avert a government shutdown.

32. FDIC Releases Latest Market Share Figures -

The Federal Deposit Insurance Corp. has come out with its latest annual ranking of the customer deposit share among banks, and not much has changed in the Memphis metropolitan statistical area over 2012.

33. Affordable Care Act -

On Oct. 1, a new shopping website will launch in Tennessee.

Much like Amazon.com, it will offer a place where consumers can compare products from different sellers and buy the one that best suits their needs.

34. Influence1 Files $2.6 Million Loan for Former Bishop Byrne -

1475 E. Shelby Drive
Memphis, TN 38116
Loan Amount: $2.6 million

Loan Date: Aug. 23, 2013
Maturity Date: Aug. 23, 2024
Borrower: The Influence1 Foundation
Lender: Regions Bank
Details: The Influence1 Foundation, the Memphis-based organization that bought the former Bishop Byrne High School in June, has filed a $2.6 million loan on the property, at 1475 E. Shelby Drive in Whitehaven.

35. Wiseacre Set to Open City’s First Taproom -

The city’s newest craft brewery will be officially open for business at the end of the week.

Wiseacre Brewing Co. held a ribbon-cutting ceremony Wednesday, Aug. 28, for its 13,000-square-foot brewery at 2783 Broad Ave., and the fledgling brewery will unveil its taproom and some of its craft beers to the public Friday, Aug. 30, from 4 p.m. to 8 p.m.

36. Wiseacre Brewery Cuts Ribbon Wednesday -

A ribbon-cutting ceremony set for Wednesday morning at Wiseacre Brewing Co. is about a business vision coming to fruition – but also something more.

Wiseacre, at 2783 Broad Ave., will be officially open for business at its taproom at the end of the week. Wiseacre is opening a 13,000-square-foot brewery with a taproom and patio, and it announced a few months ago it will package its two year-round beers, Tiny Bomb American Pilsner and Ananda India Pale Ale, in a can, making it the first craft brewery in Tennessee to can beer.

37. Influence1 Files $2.6 Million Loan for Former Bishop Byrne -

The Influence1 Foundation, the Memphis-based organization that bought the former Bishop Byrne High School in June, has filed a $2.6 million loan on the property, at 1475 E. Shelby Drive in Whitehaven.

38. RE/MAX Holdings Files IPO Plans -

RE/MAX Holdings Inc. filed plans Monday to take the real estate brokerage firm public and raise up to $100 million.

39. Mapping the Way to a More Fair Wait for New Livers -

WASHINGTON (AP) – Where you live can affect your chances of getting a liver transplant, and your risk of dying while waiting. The nation's transplant network says it's time to make the system fairer – and it may take a cue from how politicians redraw voting maps.

40. RE/MAX Files Plans for IPO -

RE/MAX Holdings Inc. filed plans Monday to take the real estate brokerage firm public and raise up to $100 million.

41. Unemployment Rates Rise in Most US States -

Unemployment rates rose in more than half of U.S. states in July and fewer states added jobs, echoing national data that show the job market may have lost some momentum.

The Labor Department said Monday that unemployment rates increased in 28 states. They were unchanged in 14 and fell in eight states – the fewest to show a decline since January.

42. Obesity Very High in 13 States; Many in the South -

ATLANTA (AP) – Adult obesity still isn't budging, the latest government survey shows.

The national telephone survey found 13 states with very high rates of obesity last year. Overall, the proportion of U.S. adults deemed obese has been about the same for years now.

43. Agriculture Grants to Aid Mid-South Farming, Veterans -

Jimmy Hargett, a 69-year-old farmer in Crockett County, regularly parasails over his cotton, corn, soybean and wheat crops to make critical, time-sensitive observations.

44. Regions' Second-Quarter Net Income Falls 9 Percent -

BIRMINGHAM, Ala. (AP) – Regions Financial Corp. on Tuesday reported a 9 percent drop in second-quarter profit as expenses increased while the bank wrote fewer mortgage loans.

45. Survey: Poverty Rising for State’s Kids -

More Tennessee families are trying to raise children in the face of poverty and homelessness, according to an annual survey released Monday, June 24, by the Annie E. Casey Foundation.

The number of Tennessee children living in poverty increased to 26 percent in 2011, compared with 21 percent in 2005, before the recession. About 34 percent of the state’s children lack secure employment, while an estimated 35 percent live in a household with a high housing cost burden, the survey found. Overall, Tennessee ranks No. 39 for the overall economic well-being of children.

46. UT Heading Dairy Study in Southeast -

KNOXVILLE, Tenn. (AP) — A six-state study will attempt to pinpoint the causes of the decline in the Southeastern U.S. dairy industry.

The University of Tennessee Institute of Agriculture is the lead institution for the study, funded by a $3 million grant from the USDA National Institute of Food and Agriculture.

47. Food Stamp Cuts Key to Farm Bill's Fate in House -

WASHINGTON (AP) — Prospects for House passage of a new farm bill could turn on the level of food stamp cuts as key backers scrambled Wednesday to secure support for the five-year, half-trillion dollar measure.

48. Regions Morgan Keegan Fund Directors Settle Federal Claims -

Eight former mutual fund directors have settled federal claims that they allowed others at the firm to set values for subprime mortgage securities that were held by funds on which investors lost about $1.5 billion.

49. Birthrights -

As Deidra Stephens Clark’s due date approached, she made a straightforward birth plan that included a vaginal birth, an epidural for pain relief and her desire to breastfeed immediately after birth.

50. Scaling Up the Organization -

Remember the days when your startup team was crammed into a single office? Now you may have 150-plus employees and find it infinitely more difficult to know how to divide up into teams and set clear accountabilities. Worse, both customers and employees may seem confused about how to navigate your organization.

51. University Cabanas Sell for $2.1 Million -

2059 Vollintine Ave., Memphis, TN 38107

Sale Amount: $2.1 million

Sale Date: May 20, 2013

52. Balancing Act -

It’s past time to rethink the old 60/40 notion of investing, say a wide range of Memphis financial professionals, as the ground continues to shift beneath the feet of investors in this low-yield world of investing dominated by unprecedented action from the Federal Reserve.

53. Memphis Business Academy Files Permit for Building -

Memphis Business Academy has filed a $2.8 million permit with the city-county Office of Construction Code Enforcement for a new building on its Frayser campus.

The charter middle and high school at 3306 Overton Crossing filed the permit Friday, May 24, for a “new one-story prefab metal building with mezzanine.” No contractor or architect was listed on the permit, which shows the address of the new building as 3266 Overton Crossing.

54. Profitable Year Has Paragon Upbeat -

Executives with Paragon National Bank laid out for shareholders this week a set of strategic objectives for 2013 that included making continued progress toward wringing problem assets out of the bank and improving the bank’s earnings power.

55. Dream Home -

Mid-South residents have a chance to view a rising neighborhood in Eads – and possibly win a home – while helping children fight cancer.

St. Jude Children’s Research Hospital is using real estate as a vehicle to help fund the battle against childhood cancer and other deadly diseases through the 2013 St. Jude Dream Home Giveaway, a June 22 raffle for a $475,000 home in Eads.

56. Commission Votes Down Second Amendment Gun Resolution -

Shelby County Commissioners voted down a resolution Monday, May 6, that would have backed the idea of state legislators and county sheriffs across the state “nullifying” federal gun control laws they consider unconstitutional.

57. The Daily News Takes Two TAPME Awards -

The Daily News and The Memphis News took two awards at the annual Tennessee Associated Press Managing Editors competition.

The publications placed first in the competition for best editorial among Division 3 publications, which includes a daily circulation of up to 15,000, for an editorial in the July 27 Memphis News edition on the state of local green initiatives that also ran on the daily website.

58. The Daily News Takes Two TAPME Awards -

The Daily News and The Memphis News took two awards at the annual Tennessee Associated Press Managing Editors competition.

The publications placed first in the competition for best editorial among Division 3 publications, which includes a daily circulation of up to 15,000, for an editorial in the July 27 Memphis News edition on the state of local green initiatives that also ran on the daily website.

59. Regions Financial First-Quarter Income Climbs 76 Percent -

Regions Financial Corp. said Tuesday its net income climbed in the first quarter as it set aside less money to cover losses on loans.

60. Metropolitan Bank Still Growing 5 Years In -

Metropolitan Bank has come a long way in five short years. Since being founded amid the worst financial crisis in the U.S. in generations, the bank – which in March celebrated its fifth birthday – has grown its assets from $243 million at the end of 2008 to $722 million at the end of 2012.

61. School Board Votes Down Custodial Contract Twice -

Countywide school board members twice voted down outsourcing custodial services in the merged school district to the company GCA Thursday, April 25, leaving undone the second step of the board’s February decision to outsource the services.

62. Regions Financial Triples Quarterly Dividend -

Regions Financial Corp. is tripling its quarterly dividend payment to shareholders.

Since 2009, Regions’ quarterly dividend has been $0.01 per share, which the bank is now increasing to $0.03 per share starting July 1. This fulfills a stated goal of Regions to increase its dividend.

63. Regions Financial First-Quarter Income Climbs 76 Percent -

Regions Financial Corp. said Tuesday its net income climbed in the first quarter as it set aside less money to cover losses on loans.

64. Tennessee Lags in Hospital Care Spending -

Hospital care spending in Tennessee averaged $2,160 per person in 2009, a figure that is among the 10 lowest in the nation on a state-by-state comparison.

Tennessee ranked No. 10 in the country for the states with the lowest hospital care spending, including services for outpatient care, operating room fees and the services of physician residents, data from the Kaiser Family Foundation showed. Nationally, hospital spending averaged $2,475 per person in 2009. That’s about 14.6 higher than the average per person hospital spending in Tennessee.

65. Shelby County Mortgage Market Up 2 Percent -

Someone let out a cheer earlier this month at the Memphis Area Association of Realtors 2013 Residential Real Estate Summit as MAAR President Regina Hubbard gave her optimistic forecast for the local housing market.

66. Regions Bank Moves West Tennessee President -

Regions Bank has moved Joe DiNicolantonio, the bank’s West Tennessee area president, to be the head of a new business line.

67. International Paper Takes on Forest Protection -

International Paper Co. and a forest conservation group announced a plan Wednesday to protect endangered forests in key paper-producing areas of the South.

68. International Paper Takes on Forest Protection -

International Paper Co. and a forest conservation group announced a plan Wednesday to protect endangered forests in key paper-producing areas of the South.

69. Regions Bank Moves West Tennessee President -

Regions Bank has moved Joe DiNicolantonio, the bank’s West Tennessee area president, to be the head of a new business line.

70. Stemmler Joins Iberiabank as Branch Manager -

Bill Stemmler has joined Iberiabank as vice president and branch manager of the bank’s 4894 Poplar Ave. branch location.

71. Bank Sets $500 Million Loan Fund for Mississippi Firms -

RIDGELAND, Miss. (AP) – BancorpSouth Inc. is setting aside a $500 million loan fund aimed at Mississippi businesses, saying it will work with state officials to find qualified borrowers.

72. Events -

Kiwanis Club of Memphis will meet Wednesday, March 27, from noon to 1 p.m. at The University Club of Memphis, 1346 Central Ave. Bill Gracey, CEO of BlueCross BlueShield of Tennessee, will speak. Cost is $18 for nonmembers.

73. Events -

Memphis Rotary Club will meet Tuesday, March 26, at noon at the University Club of Memphis, 1346 Central Ave. Commercial Appeal publisher George Cogswell will speak. Cost is $18. R.S.V.P. to Taylor Hughes at taylor@memphisrotary.org.

74. Events -

Memphis Rotary Club will meet Tuesday, March 26, at noon at the University Club of Memphis, 1346 Central Ave. Commercial Appeal publisher George Cogswell will speak. Cost is $18. R.S.V.P. to Taylor Hughes at taylor@memphisrotary.org.

75. Events -

The Cotton Museum will host Patrick O’Daniel, discussing his book “When the Levee Breaks: Memphis and the Mississippi Valley Flood of 1927,” Thursday, March 28, at 5 p.m. at the museum, 65 Union Ave. Cost is free and includes a complimentary museum tour and reception. Visit memphiscottonmuseum.org.

76. The Power of Women Fundraisers -

Women are role models in so many sectors of our economy, and the nonprofit sector is no exception. In honor of women’s history month we salute women who step up to the challenge of raising money for nonprofit organizations and institutions they believe in. Their leadership and vision impact the lives of individuals, families, communities, regions and our nation as a whole.

77. Trustee Releases Slate of Financial Literacy Workshops -

Shelby County Trustee David Lenoir’s office has worked with almost 800 financially struggling taxpayers since the summer of 2011 to educate them via the trustee’s Project H.O.M.E. financial literacy workshop series.

78. First Tennessee Bank Grows Outside Tennessee -

First Tennessee Bank, a subsidiary of Memphis-based First Horizon National Corp., is moving its Raleigh, N.C., office to a larger and more prominent location.

79. First Tennessee Bank Grows Outside Tennessee -

First Tennessee Bank, a subsidiary of Memphis-based First Horizon National Corp., is moving its Raleigh, N.C., office to a larger and more prominent location.

80. Mo’ Money Building Facing Foreclosure -

The Mo’ Money Taxes building at 5090 Millbranch Road is facing foreclosure, according to a first-run foreclosure notice in the Friday, March 8, edition of the Daily News.

81. Countywide Board Approves Realignments -

When the first school year of the consolidated school system begins Aug. 5, the new school system will open its first new school.

And most of what are now city and county schools will have the same grade structures for elementary, middle and high schools.

82. US Pending Home Sales Rise to Highest Since 2010 -

WASHINGTON (AP) – A measure of the number of Americans who signed contracts to buy homes rose in January from December to the highest level in more than 2 ½ years. The increase suggests sales of previously occupied homes will continue rising in the coming months.

83. Lot of Love Remains for Tennis Tourney -

The U.S. National Indoor Tennis Championships at the Racquet Club of Memphis serves as a reminder of the city’s unique sports mix and how much that mix says about our civic aspirations.

It is a welcome reminder after the last month of incessant chatter about being a “small market” NBA franchise.

84. Changeover -

It was almost 40 years ago, but Nancy Smith remembers the one year the men’s pro tennis tournament was held at the Mid-South Coliseum; her father had box seats. But even more memorable is that not long after the tournament moved to The Racquet Club of Memphis, a young and unknown Czech player came to town and, in that far simpler time, stayed at her parents’ house.

85. Rix Discovers Everyone’s Perfect Chocolate Flavor -

“What does your business taste like?” That’s one of the first questions Chef Phillip Ashley Rix asks when company leaders commission his signature chocolates to represent their brands. It’s an unusual way to start a business conversation, and it usually jolts people into thinking outside the box, he says.

86. Nike Buys Frayser Land From Belz for Expansion -

200 acres in Frayser Sale Amount: $2.2 million

Sale Date: Jan. 24, 2013

Buyer: Nike TN Inc.

87. Mayor, Banks Revive Program Targeting City’s Unbanked -

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.

88. Aluma-Form Files $1.8 Million Loan on Facility -

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.

89. Tech Talk -

It is a pleasant lunchtime hour on a recent weekday, and a small gathering of technologists has huddled at Panera Bread in the Laurelwood shopping center for their monthly confab.

They’re participants in a recurring series of “Tech Lunches” spearheaded by Brian Swanson. He’s a software developer and the founder of Purple Ant Software, which focuses on Web and desktop software development.

90. CDC: Flu Seems to Level Off Except in the West -

New government figures show that flu cases seem to be leveling off nationwide. Flu activity is declining in most regions although still rising in the West.

The Centers for Disease Control and Prevention says hospitalizations and deaths spiked again last week, especially among the elderly. The CDC says quick treatment with antiviral medicines is important, in particular for the very young or old. The season's first flu case resistant to treatment with Tamiflu was reported Friday.

91. Fogelman Management Adds Seven Properties -

Fogelman Management Group has been awarded seven management contracts totaling more than 1,700 units in Tennessee, Georgia, Kansas and Oklahoma.

These newly managed communities are: 330-unit Miller Creek at Germantown, 202-unit Blair Towers and 344-unit Ten Mile Creek in Memphis; 216-unit Quail Landing in Oklahoma City; 192-unit Miller Station at Peachtree in Atlanta; 177-unit Park Place at Town Center in Leawood, Kan.; and 251-unit Bella Palazzo in Overland Park, Kan.

92. Regions Financial Swings to Gain in Fourth Quarter -

Regions Financial Corp. swung to a gain in the fourth quarter after a year-ago period weighed down by the sale of an investment management subsidiary.

93. Regions Financial Swings to Gain in Fourth Quarter -

Regions Financial Corp. swung to a gain in the fourth quarter after a year-ago period weighed down by the sale of an investment management subsidiary.

94. Fogelman Management Group Adds Seven Properties -

Fogelman Management Group has been awarded seven management contracts totaling more than 1,700 units in Tennessee, Georgia, Kansas and Oklahoma.

These newly managed communities are: 330-unit Miller Creek at Germantown, 202-unit Blair Towers and 344-unit Ten Mile Creek in Memphis; 216-unit Quail Landing in Oklahoma City; 192-unit Miller Station at Peachtree in Atlanta; 177-unit Park Place at Town Center in Leawood, Kan.; and 251-unit Bella Palazzo in Overland Park, Kan.

95. Mortgage Gains Point to Solid 2013 -

Shelby County’s mortgage market made decent strides during the past 12 months, posting gains over 2011 and foreshadowing a healthy 2013.

Banks and mortgage lenders made 8,028 purchase mortgages in Shelby County during 2012, a 17 percent improvement from the 6,862 mortgages during 2011, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

96. Diversified Trust Hires Associate Counsel -

In the financial services world, the compliance work overseen by legal counsel has grown in prominence and importance.

Banks and investment firms have been dealt a slew of new regulations – so much so that some small banks in Memphis and beyond say they’re now at the limit of the compliance costs they’re able to pay for. For other firms, expanding the company infrastructure to include new compliance and legal capabilities is a natural byproduct of business growth and staff additions.

97. Argent Financial, Highland Capital Merging -

Memphis-based Highland Capital Management LLC and Louisiana-based Argent Financial Group, which entered the Memphis market a few years ago, are merging.

98. Crowne Plaza Hotel Sells Out of Foreclosure -

300 N. Second St. Memphis, TN 38103

Sale Amount: $9.4 million

Sale Date: Dec. 28, 2012

99. Owner of Winchester Lit Files $1.1 Million Loan -

The partnership related to the Lit Refrigeration Co. restaurant supply stores has filed a $1.1 million loan on the Lit Jr. store at 1665 Winchester Road in Whitehaven.

100. Regions Bank Announces Financial Fitness Events -

Every Friday this month, select Regions Bank locations across 16 states will host “financial fitness” events in branches covering topics like budgeting, borrowing, identity protection, investing and more.