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Editorial Results (free)

1. Take a Right at Candyland, Cruise Down Memory Lane -

Bill Decker has confessed to committing an “old Nashville” act. The founder of Decker Wealth Management admits he recently gave a friend directions to a certain destination that included a turn at a now-demolished Nashville landmark.

2. Harold Ford Funeral Home Files Construction Loan -

1670 Sycamore View Road
Memphis, TN 38134
Loan Amount: $2.6 million

Loan Date: Sept. 4, 2014
Maturity Date: N/A
Borrower: Harold Ford Sycamore View LLC and Serenity Columbarium and Memorial Gardens LLC
Lender: Regions Bank
Details: The Harold Ford Funeral Chapel at 1670 Sycamore View Road in Northeast Memphis has filed a $2.6 million construction loan on the property.

3. New Owner Files Loan on Dexter Road BP -

The new owner of the BP gas station and convenience store at 7469 Dexter Road in unincorporated Northeast Shelby County near Cordova has filed a $1.4 million loan on the property.

4. D. Canale Affiliate Buys Property for Distillery -

301 S. Front St.
Memphis, TN 38103
Sale Amount: $785,000

Sale Date: July 10, 2014
Buyer: Dominick Properties LLC
Seller: 301 South Front Street GP

5. Owner Files Loan on 3 Gas Stations -

After receiving two convenience stores and gas stations in quitclaim deeds, the new owner filed a $2 million loan on those properties and one other.

The entity, N & S LLC, doing business as Hwy 64 BP, filed the deed of trust July 16 through Renasant Bank. Nizar Lalani Sr. signed the deed as member of the borrower, and he is also related to the ownership entities that quitclaimed the properties.

6. Knowledge Tree Buys Cordova Retail Center -

8195 Dexter Road
Memphis, TN 38016
Sale Amount: $1.3 million

Sale Date: July 8, 2014
Buyer: K Tree LLC
Seller: 8195 Dexter Road LLC
Loan Amount: $1.5 million
Loan Date: July 11, 2014
Maturity Date: N/A
Lender: First Tennessee Bank NA
Details: An affiliate of the Knowledge Tree learning center has paid $1.5 million for the 28,575-square-foot shopping center at 8195 Dexter Road in Cordova.

7. Lamar Gas Station, Store Sell for $850,000 -

The Best Corner Express BP gas station and convenience store at 3015 Lamar Ave. in the Defense Depot area has sold for $850,000.

8. Legacy Farm Owner Files $29.8 Million Loan -

1120 Winchester Road
Collierville, TN 38017
Loan Amount: $29.8 million

Loan Date: June 18, 2014
Maturity Date: July 1, 2021
Borrower: Legacy Farm LLC
Lender: CBRE Capital Markets Inc.
Details: The owner of the 368-unit Legacy Farm apartment complex at 1120 Winchester Road in Collierville has filed a $29.8 million loan on the property.

9. Brim’s Owner Files Loan on Bartlett Facility -

A company whose principal owns Brim’s Snack Foods has filed a $4.3 million construction loan on its 7940 A E Beaty Drive property in Bartlett.

TBLN Investments – whose principal, Terry Brimhall, is founder and president of Brim’s parent company Brimhall Foods Co. Inc. – filed the loan April 30 through Renasant Bank. Though the loan was filed in April, the Shelby County Register of Deeds didn’t record the loan until this week.

10. Perkins Hotel Sells After Foreclosure -

2700 S. Perkins Road
Memphis, TN 38118
Sale Amount: $2.2 million

Sale Date: May 23, 2014
Buyer: HC Memphis LLC
Seller: Douglas M. Alrutz, successor trustee
Details: The Inn at Thousand Oaks hotel at 2700 S. Perkins Road in Parkway Village has sold for $2.2 million following a first-run foreclosure notice filed earlier this year.

11. Titan Medical Buys Bartlett Warehouse -

An affiliate of Titan Medical Manufacturing LLC has paid $2.2 million for the 50,635-square-foot warehouse at 7580 Bartlett Corporate Drive in Bartlett.

12. Shelby County Mortgages Jump 12 Percent in February -

The latest monthly totals for Shelby County’s mortgage market show homebuying improved somewhat last month, with total mortgage volume up 12 percent compared to February 2013, according to real estate information company Chandler Reports,www.chandlerreports.com.

13. Mortgage Market Grows 3 Percent in 2013 -

The mortgage market in Shelby County ended 2013 with a modest improvement over 2012, with signs pointing to more advances in 2014.

Banks and mortgage lenders made 8,298 purchase mortgages in Shelby County during 2013, a 3 percent improvement from the 8,027 mortgages during 2012, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

14. 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.

15. Methodist Pays $22.5 Million for Germantown Facility -

7945 Wolf River Blvd.
Germantown, TN 38138
Sale Amount: $22.5 million

16. Owner Files Loan on Holmes Road BP -

The new owner of the recently built BP convenience store and gas station at 6465 Holmes Road in unincorporated Southeast Shelby County has filed a $1.2 million loan on the property.

17. Campbell Clinic Pays $3.2 Million for Surgery Center -

255 Dr. Martin Luther King Jr. Memphis, TN 38104
Sale Amount: $3.2 million

18. Owner of Two Autobody America Shops Files Loan -

The owner of Autobody America body shops at 6957 Stage Road and 7291 Winchester Road has filed a $2.1 million loan on the properties.

19. Visible Music College Files $3.2 Million Loan -

200 Madison Ave.
Memphis, TN 38103
Loan Amount: $3.2 million

Loan Date: Aug. 30, 2013
Maturity Date:
Borrower: Visible Music College
Lender: Renasant Bank
Details: Visible Music College has filed a $3.2 million loan on its Downtown campus at 200 Madison Ave.

20. Goodwin Henry Finances Arlington Retail Center -

Goodwin Henry Properties LLC has financed its 16,800-square-foot shopping center at 5870 Airline Road in Arlington for $1.5 million.

21. Visible Music College Files $3.2 Million Loan -

Visible Music College has filed a $3.2 million loan on its Downtown campus at 200 Madison Ave.

The music and worship arts school filed the Tennessee deed of trust, assignment of leases and rents and security agreement Aug. 30 through Renasant Bank. Ken Dale Steorts signed the trust deed as president of Visible Music College.

22. Doctor Files Loan on Chiropractic Clinic -

The owner of the Spinal Healthcare Associates, Cordova Pain Treatment Center at 8132 Country Village Drive in Cordova has filed a $1.4 million loan on the property.

23. Presidents Island Property Sells for $1.1 Million -

2269 Channel Ave.
Memphis, TN 38106
Sale Amount: $1.1 million

Sale Date: July 15, 2013
Buyer: CHS Inc.
Seller: Holcim (U.S.) Inc.

24. Kirby Parkway Center Owner Files Loan -

The owner of the retail strip center and gas station at 1781-1817 Kirby Parkway in East Memphis has filed a $1.1 million loan on the property.

25. Owner Files Loan on Kirby Parkway Center -

The owner of the retail strip center at 3275 Kirby Parkway in Hickory Hill has filed a $920,000 loan on the property.

26. Shareholders Approve Renasant Buying First M&F -

JACKSON, Miss. (AP) – Shareholders overwhelmingly approved Renasant Corp.'s purchase of fellow Mississippi bank First M&F Corp. Tuesday.

27. Collierville Office Building Owner Files $1.8 Million Loan -

The owner of the 15,632-square-foot office building at 60 Market Center Drive in Collierville has filed a $1.8 million loan on the property.

28. Cresthaven Medical Building Sells for $2.5 Million -

1068 Cresthaven Road Memphis, TN 38119

Sale Amount: $2.5 million

Sale Date: May 2, 2013

29. Renaissance Group Files Loan on Lakeland Office -

Architecture and engineering firm Renaissance Group has filed a $1.7 million loan on its headquarters at 9700 Village Circle in Lakeland.

30. Construction Lending Still Facing Tepid Improvement -

As the economy starts to rebound, local lenders like Magna Bank, First Tennessee Bank and Renasant Bank are seeing moderate improvement in activity for new commercial and residential construction projects, and competition is intensifying to land deals.

31. Core Focus -

The Great Recession silenced construction crews throughout the Memphis area, and that was especially evident Downtown, where ambitious, skyline-changing projects were put on hold, reconfigured or scrapped altogether.

32. New Apartments Planned for South Main -

Plans for 197 apartments on two corners of West Carolina Avenue and Florida Street go to the Downtown Memphis Commission Design Review Board at its May 1 meeting.

South Junction will rise on the vacant northwest and southeast corners of Carolina and Florida, in the South Main Historic Arts District.

33. Events -

University of Memphis Habitat for Humanity Campus Chapter and Students Advocating Service will kick off Act! Speak! Build! Week Monday, April 1, at 10 a.m. in the University Center Bluff Room, 499 University St. Guests include Sen. Reginald Tate and Jessica Hord of Habitat for Humanity of Greater Memphis. Cost is free. Visit memphishabitat.com.

34. Events -

Lipscomb Pitts Breakfast Club and the University of Memphis will host a Professional Connection Lunch Friday, March 29, from 12:30 p.m. to 2 p.m. in the University Center Shelby Room, 499 University St. The series connects students with business and community leaders for discussions and leadership exercises. Cost is free. R.S.V.P. to Jon Campbell at jcmpbll3@memphis.edu or 678-1781.

35. Events -

Sales and Marketing Society of the Mid-South will host a roundtable with Joel Henry, president of Intermodal Cartage, Thursday, March 28, at 7:30 a.m. at Cheffie’s Café, 483 High Point Terrace. Cost at the door is $20. Visit sms-midsouth.org.

36. East Memphis Squatter Removed From Home -

A woman who allegedly moved into a foreclosed East Memphis mansion is facing aggravated burglary, property theft and criminal trespass charges.

Tabitha Gentry, who also goes by the name Abka Re Bey, was arrested by Shelby County Sheriff’s deputies Thursday, March 8, on the warrants when she left the house at 600 S. Shady Grove Road.

37. Renasant to Buy First M&F in $119 Million Stock Deal -

TUPELO, Miss. (AP) – Renasant Corp. will buy fellow Mississippi bank First M&F Corp. in a $119 million stock transaction.

38. Events -

Memphis Rotary Club will meet Tuesday, Oct. 23, at noon at the University Club of Memphis, 1346 Central Ave. Bill Seely of Varsity Brands will discuss cheering as an NCAA sport. Cost is $18. R.S.V.P. to Taylor Hughes at taylor@memphisrotary.org.

39. Events -

The Church Health Center Komen Club will host a women’s health conference Monday, Oct. 22, from 8:30 a.m. to noon at Church Health Center Wellness, 1115 Union Ave. The event will include health screenings, consultations with a registered dietician, stress relief techniques and more. Visit churchhealthcenter.org.

40. Mississippi Tracks Possible Misuse of Nutrition Program -

TUPELO, Miss. (AP) – State officials say 1,705 people in Mississippi were disqualified last budget year from the Supplemental Nutrition Assistance Program for making false claims and improperly taking more than $2.7 million in benefits.

41. Lease Takes Appling Farms to Capacity -

A distributorship of Pella Corp. has inked 11,300 square feet in Appling Farms Corporate Park, 6972 Appling Farms Parkway.

42. Events -

The Church Health Center/MIFA Farmers Market will be open Tuesday, June 12, from 10 a.m. to 2 p.m. at Church Health Center Wellness, 1115 Union Ave. Visit churchhealthcenter.org or call Esther Wills at 250-4673, ext. 1604.

43. Events -

Kiwanis Club of Memphis will meet Wednesday, June 6, from noon to 1 p.m. at The Peabody hotel, 149 Union Ave. Hattiloo Theatre founder Ekundayo Bandele will speak. Cost is $25 for nonmembers.

44. CRE Lending Sees Slight Improvement -

The commercial lending landscape in the Memphis area continues to grind its way through an extended period of gradual improvement that began roughly two years ago after a dismal 2009.

“Loans for A- and B-class commercial properties are back. The owners have plenty of choices now,” said Frank Stallworth, president of Magna Bank’s commercial and multifamily division. “There’s no question that values have declined compared to 2007, but for the most part those values have stabilized. 2011 was better than 2010, 2012 is shaping up better than last year, and we expect 2013 to better than 2012 as it relates to occupancies as well as stabilizing and possibly increasing rents in the various sectors of commercial real estate.”

45. Union Ave. Medical Office Financed for $1.8 Million -

Roundabout Real Estate LLC and Visual Projects LLC, both based in Missouri, have filed a $1.8 million loan through Renasant Bank secured by a nearly 16,000-square-foot medical office building at 2076 Union Ave.

46. Garrett to Head Adult Programs At Literacy Mid-South -

Alfred Garrett has been promoted to director of adult programs at Literacy Mid-South. Previously the adult programs manager, Garrett’s new role will include establishing and maintaining program delivery policies, evaluating effectiveness and measuring outcomes for the nonprofit organization’s adult programs.

47. Highland Meadows Sells for $5.5 Million -

5045 Airways Blvd.
Memphis, TN 38116

Sale Amount: $5.5 million

Sale Date: April 25, 2012

48. Best Western Exec. Inn Financed for $1.4M -

The 60-room Best Western Executive Inn at 3105 Millbranch Road has been financed for $1.4 million, the second loan owner Jai Gayatri Inc. has filed for the Whitehaven property in as many months.

49. Southland Sells Parcels To Bank For $1 Million -

A Downtown property that real estate investor Terry Lynch once planned for residential and retail space was sold back to the lender for slightly less than $1 million.

50. Renasant Elects New Senior VP -

Alan Scrimager has been elected senior vice president and commercial relationship officer for Renasant Bank in the bank’s West Tennessee region.

51. Triumph Bank’s Mantra: Say ‘Yes’ to Customer -

Entrepreneurs get in the game for many different reasons. They do it to make money, certainly, and to maintain a degree of control over that money and their professional lives.

For many, though, there is an urge to participate within and for a community they understand, live and work in. These are the reasons Triumph Bank was founded, and why their board, 15-strong, is made up, not of bankers per se, but of entrepreneurs.

52. Askew Nixon Ferguson Announces Promotions -

Askew Nixon Ferguson Architects has announced a trio of promotions in its Memphis office, 1500 Union Ave.

53. Renasant Corp.'s Q4 Profit Rises -

TUPELO, Miss (AP) – Renasant Corp. says fourth-quarter profit rose on the strength of its expansion.

54. Assoc. Pharmacies Buys Mineral Wells Warehouse -

Scottsboro, Ala.-based Associated Pharmacies Inc. has bought a roughly 59,000-square-foot warehouse at 5375 Mineral Wells Road from Renasant Bank for $1.2 million.

55. Associated Pharmacies Buys Memphis Warehouse -

Scottsboro, Ala.-based Associated Pharmacies Inc. has bought a roughly 59,000-square-foot warehouse at 5375 Mineral Wells Road from Renasant Bank for $1.2 million.

56. Holmes Road Acreage, Lots Sell for $1.6M in Foreclosure -

Property on Holmes Road
Memphis, TN 38109

Sale Amount: $1.6 million

Sale Date: Nov. 18, 2011

Buyer: Renasant Bank

57. Holmes Road Property Sells in Foreclosure -

Renasant Bank has bought back three parcels on Holmes Road at a foreclosure sale for $1.6 million after former owner HBT Investments LLC defaulted on a $4.8 million loan through the bank. The substitute trustee was John B. Philip.

58. Cotton Council Building Sells for $3.1 Million -

1918 North Parkway
Memphis, TN 38112
Sale Amount: $1 million

Sale Date: Nov. 18, 2011

59. Cotton Council Bldg. Sells for $1 Million -

Cotton Council Apartments LLC has bought the former National Cotton Council headquarters at 1918 North Parkway from TC-Met Rhodes LLC for $1 million, filing a $3.1 million construction loan through Renasant Bank at the time of purchase.

60. Trust One Parent Has Profitable Q3 -

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.

61. Community Banks Resist Fees For Debit Cards -

Community banks have always possessed a certain charm among American financial institutions, one embodied by personal touches, friendly service and fewer headaches and hassles than their bigger brethren.

62. Jackson Joins Devcon Security as GM -

Eric Jackson has joined Devcon Security as general manager of the company’s Memphis branch. Jackson’s primary focus will be hiring and training sales people and technicians, as well as building daily branch operations and acting as the brand ambassador to building partnerships in the community.

63. Defense Depot Property Sells for $1.1 Million -

2085 W.E. Freeman Drive
Memphis, TN 38114
Sale Amount: $1.1 million

Sale Date: Sept. 14, 2011

Buyer: Varma Family LP

64. Third St. Warehouse Sells for $415K in Foreclosure -

Renasant Bank has bought an industrial property at 1700 S. Third St. at a foreclosure sale for $415,000.

65. Renasant Expands Into Tuscaloosa -

TUPELO, Miss. (AP) – Regional banker Renasant Corp. is entering the banking market in Tuscaloosa, Ala.

66. Renasant Taps Weaver as New Senior VP -

Renasant Bank has tapped Kim Weaver as senior vice president and commercial loan officer for Memphis.

67. Renasant Bucks Trends -

Tupelo, Miss.-based Renasant Corp. is doing something not seen too much in the banking world at the moment.

It’s growing, its profits are climbing and the $4.3 billion company is optimistic about its prospects for the rest of 2011.

68. 2950 Brother Warehouse Financed for $2.9M -

2950 Brother LLC has financed a warehouse at 2950 Brother Blvd. through Renasant Bank for $2.9 million. The loan matures in July 2016.

69. Renasant Places Temporary Mobile Bank in Smithville -

Renasant Corp. has placed a temporary mobile banking unit at the site of its Smithville, Miss., branch location that was destroyed by recent storms.

70. Renasant, Wunderlich Announce New Hires -

Tupelo, Miss.-based Renasant Bank has a new president for its regional market that includes Memphis.

Renasant chairman and CEO E. Robinson McGraw announced Wednesday that Jeff Hudson has been tapped as West Tennessee president for Renasant.

71. Sports Sponsorships Big Biz for Financial Institutions -

The banking sector’s image took a major hit during the recession, as banks took actions that included fee hikes, stepping up foreclosures, closing down some customer accounts and shutting down the lending spigot.

72. Gone Cold -

School children welcomed Jack Frost on Wednesday afternoon and the three to five inches of snow he brought with him, but for business owners, the snow that caused hazardous road conditions and closures across the city also caused dollar signs to melt like icicles in the sun.

73. Lending Slows to a Crawl -

According to commercial lending figures over the past two years, things are not going very well in the industry.

For the 12-month period from November 2009 to October 2010, Shelby County banks made 228 commercial mortgages, a 21 percent decline from 288 for the previous period, according to real estate information company Chandler Reports, www.chandlerreports.com.

74. Global Distriplex Warehouse Sells for $1.8M in Foreclosure -

Renasant Bank has bought a 58,953-square-foot warehouse at 5375 Mineral Wells Road from Global Distriplex for $1.8 million at a foreclosure sale. The Dec. 8 sale occurred because Global Distriplex defaulted on a $2.6 million loan through Renasant.

75. Girl Scouts Heart of the South Buys White Station Property -

717 S. White Station Road, Units A, B and C
Memphis, TN 38117
Sale Amount: $1.8 Million

76. Renasant Reclaims Lots in Eads Subdivision -

Renasant Bank has bought back 14 parcels totaling 42 acres in Eads’ Wynestone Estates Subdivision following a foreclosure.

77. Banks Look to Reshape Rocky Landscape -

The Memphis and Tennessee economies are looking brighter compared to the country at large.

Larger banks in the Memphis market will continue to lose market share to smaller competitors that are hungry and nimble. And many local banks have the cash and the desire to go on a buying spree – for other banks, that is.

78. Winbranch Apartments Sell for $2.4 Million -

3595 Millbranch Road
Memphis, TN 38116
Sale Amount: $2.4 million

Sale Date: Sept. 7, 2010
Buyer: Winbranch Realty Partners LLC
Seller: LBUBS 2004-C4 Millbranch Road LLC
Loan Amount: $975,000
Loan Date: Sept. 7, 2010
Maturity Date: Sept. 1, 2011
Lender: The Leshum Group LLC

79. 42 Acres in Eads in Foreclosure -

Forty-two acres in Eads’ Wynestone Estates Subdivision are scheduled to be sold in foreclosure, according to a first-run foreclosure notice in today’s Daily News. The notice states Wynestone Partners is in default of a $1.5 million construction loan through Renasant Bank dated January 2005 and matured in January 2007. The loan was modified in September 2006 to add $216,000 for a total of $1.7 million.

80. Germantown Storage Buys Vacant Land in Fieldstone -

Germantown Storage LLC has bought part of a 5.2-acre vacant parcel west of Hacks Cross Road from Players Crossing Partners LLC for $300,000. The sale was financed with a $1.3 million construction loan through Renasant Bank, with the note maturing in September 2030.

81. Lending Landscape Remains Bleak -

Commercial and residential construction lenders continue to see slow activity from developers, making it unlikely much dirt will get pushed on new projects in the next several months.

“We are seeing softness in the commercial market in almost all sectors,” said Rick Hall, executive vice president at Renasant Bank. “Not many projects have been presented, and demand is low for new loans.”

82. Renasant Bank Forecloses on $3.7M East Memphis Home -

Renasant Bank has foreclosed on a multimillion home on South Shady Grove Road, according to a first-run foreclosure notice in today’s Daily News. Richard K. Rice and April H. Rice bought the home in February 2006, according to the notice. The purchase was financed with a $3.1 million loan through Renasant.

83. Banks Raising Capital to Finance Growth -

Banks in the Memphis area are raising tens of millions of dollars in new capital to finance growth plans, to support a boost in lending and to make sure they’re in prime position to handle an acquisition.

84. 21 Acres in Lakeland in Foreclosure -

Twenty-one acres near Canada Road and Highway 64 in Lakeland have been foreclosed upon, according to a first-run notice in the foreclosures section of today’s Daily News.

Renasant Bank foreclosed on the property after Stonebridge Properties defaulted on a $1.5 million credit line trust deed taken out in September 2001. Stonebridge is a Tennessee partnership composed of William Koeneman and Clair D. Vanderschaaf Jr., according to the foreclosure notice.

85. Miller Amasses More Foreclosures -

More foreclosures have piled up against developer and homebuilder David Miller, who filed for Chapter 7 bankruptcy in May.

86. Wynstone Mill Lots Hit Auction Block -

Thirty-six lots in the Wynstone Mill subdivision of the Schilling Farms Planned Development have been foreclosed and will be sold in a substitute trustee’s sale, according to a pair of notices that begin on Page 38 of today’s print edition of The Daily News and also at The Daily News Online, www.memphisdailynews.com.

87. Loan Changes Could Alter Market -

The Federal Housing Administration will enact a couple of changes in its loan procedures, including one going into effect next week, but how much they bear on home sales remains to be seen.

Beginning Monday, FHA will increase its upfront mortgage insurance premium from 1.75 percent to 2.25 percent. So, for someone buying a $100,000 home, that’s an additional $500 they’ll have to finance into the loan.

88. Mortgage Numbers Drop In February -

Like anyone in the real estate business, mortgage bankers have April 30 circled on their calendars.

That’s when the federal homebuyers tax credit is set to expire, bringing an end to the program that gives cash for a home purchase.

89. Local CRE Market Falters in February -

All the talk about commercial real estate’s doldrums is bolstered by Shelby County’s latest numbers, which underscore how much the sector is still hurting.

Because of tightened lending guidelines and companies’ hesitance to make real estate moves, the numbers continue to shrink with each month of the recession.

90. NuVasive Files Permit to Renovate Southeast Memphis Facility -

4670 E. Shelby Drive
Memphis, TN 38118
Permit Amount: $1.6 Million

Project Cost: $1.6 million
Permit Date: Applied February 2010
Completion: TBA
Owner: NuVasive Inc.
Tenant: NuVasive Inc.
Contractor: Montgomery Martin Contractors LLC
Architect: Looney Ricks Kiss Architects Inc.

91. Mortgage Activity Sums Up Dreary ’09 -

Although the mortgage industry enjoyed an uptick in activity as the year ended, it by no means salvaged an otherwise abysmal 2009.

Lenders suffered one of their worst years for purchase mortgages in recent memory, making only 8,399 loans in 2009, according to real estate information company Chandler Reports, www.chandlerreports.com. (Data for this report included purchase mortgages only, not refinances.)

92. Slow Road to Rebound -

Don’t bother listening for the sound of champagne corks popping.

Instead of celebrating the end of 2009’s financial turmoil, many bankers and industry professionals in the Memphis area are greeting the arrival of a new year with a sigh of relief. And they’re recommitting themselves to game plans cobbled together either last year or back in 2008 to put their institutions on firmer footing.

93. Renal Company Sells Clinic, Leases It Back From New Owner -

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

94. Renasant Reclaims 16 Eads Parcels -

Renasant Bank has reclaimed 16 parcels – 13 of which are residential lots and three of which are common areas – in the Curtman Glenn Planned Development in unincorporated Shelby County near Eads following a foreclosure of the properties. The Tupelo, Miss.-based bank paid $1.6 million for the land from substitute trustee Paul N. Royal of the law firm Crislip, Philip and Associates.

95. Mixed Signals Remain for Local Banking Industry -

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.

96. Mortgage Activity Looks Up in November -

It stands to reason that whenever home sales have a good month, the mortgage industry will also. Not surprisingly, the latest loan data held up their end of the bargain and for the first time all year outpaced the same month of 2008.

97. French Quarter Suites Hotel Bought Back by Original Owner -

2144 Madison Ave.
Memphis, TN 38104
Sale Amounts: $1 Million; $300,000; $200,000

Sale Dates:Nov. 20, Nov. 5 and Nov. 12, 2009
Sellers:Lodgian Memphis Property Owner LLC, Horace and Ann Proctor, and Martha D. Sutton
Loan Amount:$1.3 million
Loan Date:Nov. 30, 2009
Maturity Date:Nov. 20, 2010
Lender:Triumph Bank

98. Renasant Reclaims 11 Highland Point Lots -

Renasant Bank has bought back 11 lots in the Highland Point Subdivision in unincorporated Shelby County from developer Latting Road Partners LLC following a foreclosure. The bank bought the parcels for a combined $1 million in a substitute trustee’s deed, acquiring the properties on the steps of the Shelby County Courthouse from trustee Paul Royal of the law firm Crislip, Philip and Associates.

99. Magna Bank Reports Stronger Numbers in Q3 -

It was only a few months ago that Kirk Bailey, chairman, president and CEO of Memphis-based Magna Bank, told shareholders the previous year had been nothing short of cataclysmic for the financial industry.

100. Renasant Changes 401(k) Administrators -

Renasant Corp. has informed employees of the Mississippi-based bank the company is changing administrators of its 401(k) plan.