Three Magna Bank employees from the bank’s mortgage division have garnered some new distinctions recently.

2. Magna Bank Executives Garner Distinctions - Wednesday, May 15, 2013

Three Magna Bank employees from the bank’s mortgage division have garnered some new distinctions recently.

3. Construction Lending Still Facing Tepid Improvement - Saturday, May 11, 2013

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.

4. Mortgages Near $107 Million in April - Friday, May 10, 2013

From where he sits, Renaissance Realty’s Jeff Jenkins is optimistic that 2013 will be a fruitful one for the local real estate industry.

5. Bank of Fayette County Repays TARP Funds - Saturday, May 04, 2013

The Bank of Fayette County has finished paying back the slightly more than $6 million it got from the federal government as part of the Troubled Asset Relief Program, or TARP, initiative.

6. Bank of Fayette County Repays TARP Funds - Wednesday, May 01, 2013

The Bank of Fayette County has finished paying back the slightly more than $6 million it got from the federal government as part of the Troubled Asset Relief Program, or TARP, initiative.

7. Briglia Joins Archer-Malmo as Web/Broadcast Artist - Wednesday, May 01, 2013

Kristen Briglia has joined archer-malmo as web/broadcast turbo artist. In her new role, Briglia will produce web graphics, HTML and video-editing services for the growing digital and broadcast departments, and will also help on print projects as needed.

8. Magna Intent on Raising Profile, Enhancing Services - Saturday, April 27, 2013

This year is turning out to be a big one for Magna Bank as it rolls out new products and services, adds key personnel and boosts its profile across the Mid-South.

9. Capital Requirement - Saturday, April 27, 2013

In early April, U.S. Sen. Bob Corker, R-Tenn., joined a handful of other senators in drafting a letter in part about new rules of the road governing bank capital requirements.

That letter was sent to Federal Reserve Gov. Daniel Tarullo, Comptroller of the Currency Thomas Curry and Federal Deposit Insurance Corp. Chairman Martin Gruenberg.

10. Wright Joins Magna Bank as Senior Vice President - Wednesday, April 24, 2013

Andy Wright has joined Memphis-based Magna Bank as senior vice president and manager of commercial banking. Wright, who previously held senior vice president positions at Iberiabank and First Tennessee Bank, has experience working with a variety of industries, with in-depth expertise in the transportation and logistics industries.

11. Magna Bank Makes Several Appointments - Saturday, April 20, 2013

Magna Bank has named Frazer Gieselmann as senior vice president and manager of construction lending.

As manager of construction lending, he will lead the bank in providing construction loans to individuals and builders.

12. Magna Bank Makes Several Appointments - Wednesday, April 17, 2013

Magna Bank has named Frazer Gieselmann as senior vice president and manager of construction lending.

As manager of construction lending, he will lead the bank in providing construction loans to individuals and builders.

13. March Mortgages Drop 8 Percent - Tuesday, April 16, 2013

From March 2012 to March 2013, the number of mortgages made in Shelby County dropped 8 percent – from 649 to 597.

March 2013 mortgage volume totaled a little more than $100 million, though, up from a little more than $97 million in March 2012.

14. Shelby County Mortgage Market Up 2 Percent - Tuesday, April 16, 2013

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.

15. Magna Bank Adds Investment Services - Wednesday, April 10, 2013

Magna Bank has added investment services to its mix of offerings available for customers.

The bank now is working with Cary Allen, a representative of independent investment securities firm LPL Financial Services. Allen will be based in Magna’s Quail Hollow branch at 6525 Quail Hollow Road, but he’ll be available to meet with customers at any of Magna’s other branches if they need.

16. Chism Joins BankTennessee as Mortgage Loan Specialist - Saturday, March 30, 2013

George Chism Sr. is a newly appointed mortgage loan specialist at BankTennessee.

Chism, who has been with the bank since February 2012, had been a commercial loan officer. During his tenure in the banking industry, Chism has worked at Magna Bank, Wells Fargo and Germantown Home Mortgage.

17. Chism Named BankTennessee Mortgage Loan Specialist - Friday, March 29, 2013

George Chism Sr. is a newly appointed mortgage loan specialist at BankTennessee.

Chism, who has been with the bank since February 2012, had been a commercial loan officer. During his tenure in the banking industry, Chism has worked at Magna Bank, Wells Fargo and Germantown Home Mortgage.

18. Magna Bank Runs First Television Ad - Saturday, March 23, 2013

Starting this week, Magna Bank will begin airing a 30-second TV ad as part of its “We’re For You” print, online and broadcast advertising campaign.

19. Magna Bank Runs First Television Ad - Tuesday, March 19, 2013

Starting this week, Magna Bank will begin airing a 30-second TV ad as part of its “We’re For You” print, online and broadcast advertising campaign.

20. Mortgage Activity Slows in February - Monday, March 18, 2013

Mortgage activity in Shelby County began 2013 by shifting into a higher gear, but someone tapped the brakes in February.

Total mortgage volume countywide had started the year showing double-digit percentage growth over the same period one year earlier. But in February, volume was up just 1 percent over the same month in 2012.

21. Keller Named President of Nonprofit Meritan - Wednesday, February 27, 2013

Melanie A. Keller has been named president of Meritan Inc. Keller, who joined the nonprofit social services agency in 2006, previously served as its executive vice president. In her new role, she is responsible for oversight of more than 500 employees and contractors as well as the agency’s $21 million annual budget. Keller also manages its quality improvement and strategic planning efforts.

22. Mortgages Jump 38 Percent in January - Monday, February 25, 2013

Mortgage banking isn’t looking as dreary right now as it has in recent years. In Shelby County, mortgage activity began the year bouncing strongly off totals from the first month of 2012.

23. Magna Bank Announces Four Employee Promotions - Saturday, February 23, 2013

Magna Bank has promoted four employees.

Chief lending officer Ted Simpson has been promoted from executive vice president to senior executive vice president. As senior executive vice president and chief lending officer, Simpson oversees retail banking, private banking, commercial lending, SBA lending, commercial real estate and construction lending.

24. Blazing a Trail - Saturday, February 23, 2013

Susan Stephenson is one of the most accomplished and highly visible women in the Memphis business community. She is the co-founder of Independent Bank, the city’s second-largest bank as ranked by assets and one that largely steered clear of the mortgage mess that dogged competitors during the financial bust.

25. Magna Bank Announces Four Employee Promotions - Tuesday, February 19, 2013

Magna Bank has promoted four employees.

Chief lending officer Ted Simpson has been promoted from executive vice president to senior executive vice president. As senior executive vice president and chief lending officer, Simpson oversees retail banking, private banking, commercial lending, SBA lending, commercial real estate and construction lending.

26. 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.

27. 2012 Most Profitable Year For Magna Bank - Saturday, February 02, 2013

Last year was the most profitable year ever for Magna Bank since its founding in 1999.

Magna recorded a profit of $3.1 million in 2012, a 24 percent improvement over 2011. The bank’s assets were up 12.1 percent, loans were up 10.8 percent and deposits were up almost 10 percent.

28. 2012 Most Profitable Year for Magna Bank - Thursday, January 31, 2013

Last year was the most profitable year ever for Magna Bank since its founding in 1999.

Magna recorded a profit of $3.1 million in 2012, a 24 percent improvement over 2011. The bank’s assets were up 12.1 percent, loans were up 10.8 percent and deposits were up almost 10 percent.

29. December Mortgages Up 34 Percent - Tuesday, January 15, 2013

Much like the fourth quarter, December was also an especially strong period for local mortgage activity.

From December 2011 to December 2012, total mortgage volume climbed 34 percent. December 2012 mortgages totaled a little more than $94 million, up from the nearly $70 million in December 2011.

30. Fourth-Quarter Mortgages Rise 21 Percent - Tuesday, January 15, 2013

The fourth quarter of 2012 in Shelby County essentially followed the same upward swing in mortgage activity as was seen throughout the year as a whole.

There were 1,925 mortgages during the fourth quarter of 2012, up 21 percent from the 1,592 during the same period the previous year.

31. Mortgage Gains Point to Solid 2013 - Tuesday, January 15, 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.

32. Banks Showcase Artwork, Local Artists - Monday, January 07, 2013

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.

33. County’s Mortgage Market Up 7 Percent - Monday, December 24, 2012

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.

34. Hickory Hill Warehouse Sells for $15.7 Million - Tuesday, December 11, 2012

6380 Holmes Road Memphis, TN 38141

Sale Amount: $15.7 million

Sale Date: Dec. 5, 2012

35. Village of Sycamore Ridge Owner Files $4.3 Million Loan - Thursday, December 06, 2012

The owner of the Village of Sycamore Ridge – a 114-unit apartment community at 1945 Sycamore View Road near Bartlett – has filed a $4.3 million multifamily deed of trust, absolute assignment of leases and rents and security agreement (including fixture filing) on the property.

36. Storage Facility Owner Files $2 Million Loan - Tuesday, November 27, 2012

Storage Towne of America LLC has filed a $2 million loan on its 66,802-square-foot storage facility at 5900 Stage Road in Bartlett.

37. Bank Profits Shrink in Third Quarter - Monday, November 26, 2012

Memphis-area banks on the whole were a lot less profitable at the end of the third quarter than they were during the same period in 2011.

The two dozen or so banks in the Memphis market reported a little more than $12 million in year-to-date net income at the end of the third quarter, according to data from the Federal Reserve Bank of St. Louis. That’s a big drop from the $136.3 million in year-to-date net income the same banks collectively reported in the third quarter of 2011.

38. Law Industry Closely Studying Social Media - Thursday, November 22, 2012

Corporate America has been warming to social media. Businesses as stodgy as banks have taken to platforms like Facebook and Twitter, including local institutions from Magna Bank to First Tennessee Bank and several others.

39. Magna Bank on Track for Record 2012 - Monday, November 19, 2012

Several banking industry leaders who have spoken with The Daily News in recent days have said banking in Memphis is seeing a lot of institutions simply taking market share from each other, as opposed to organic growth in the marketplace.

40. Center City Revenue Finance Corp. Passes Financing for Downtown Buildings - Thursday, November 15, 2012

The Downtown Memphis Commission’s Center City Revenue Finance Corp. passed several housekeeping items at its Tuesday, Nov. 13, board meeting, including assigning a payment-in-lieu-of-taxes (PILOT) lease agreement to Montreal-based Olymbec USA LLC for Brinkley Plaza, 80 Monroe Ave.

41. Shelby County Mortgages Up in October - Wednesday, November 14, 2012

The Federal Reserve has signaled its intent to buy mortgage-backed securities for much of the near future to try and goose the economy, which means mortgage rates are liable to keep skating along the bottom, as they are now.

42. Center City Revenue Finance Corp. to Consider Brinkley Plaza Tax Break - Thursday, November 08, 2012

The Downtown Memphis Commission’s Center City Revenue Finance Corp. (CCRFC) has a full agenda for its Tuesday, Nov. 13, board meeting, with leasing and financing requests for Brinkley Plaza, Toyota Plaza and the Peabody Hotel Tract.

43. Seminar Underscores Commercial Sectors’ Highs, Lows - Monday, November 05, 2012

Memphis’ commercial real estate market for the most part appears to mirror national trends, with all four sectors boasting challenges and bright spots so far this year.

That was a message a room full of real estate professionals received when The Daily News hosted its second annual Commercial Real Estate seminar Thursday, Nov.1, at the Memphis Brooks Museum of Art, sponsored by Magna Bank and Evans Petree PC.

44. Baker Donelson Adds Five Attorneys in Memphis - Thursday, November 01, 2012

Baker, Donelson, Bearman, Caldwell & Berkowitz PC has added five attorneys to its Memphis office.

They are Luke Cantrell, Kristin Clay Dunavant, William O’Connor, Sarah Pazar and Mary Wu.

45. Baker Donelson Awards Diversity Scholarships - Thursday, October 25, 2012

The law firm of Baker, Donelson, Bearman, Caldwell & Berkowitz PC has announced the 2012 recipients of the firm’s diversity scholarship.

They are Stephanie deJesus, Willie Santana and LaToyia Slay.

46. Seminar To Tackle Commercial Conditions - Tuesday, October 23, 2012

While many commercial real estate professionals would like to forget about 2011 altogether, celebrating increases in 2012 is necessary for morale.

Shelby County experienced the most second-quarter sales this year since the second quarter of 2008, and the highest quarterly sales revenue since the second quarter of 2007.

47. Song and Dance - Thursday, October 18, 2012

Collectively, Sue Stinson Turner, Lisa Reid and Amy Linthicum have more than a century’s worth of experience in the real estate and banking industries.

48. Senior Care Management Solutions Promotes Williams - Wednesday, October 17, 2012

Darla Williams has been promoted to health care administrator at Senior Care Management Solutions. In her new role, Williams will play a critical role in overseeing and customizing clients’ daily care plans to fit their specific needs.

49. Mortgage Market Sees Gains in Third Quarter - Tuesday, October 16, 2012

With the Federal Reserve taking steps to keep financing costs at extreme lows across the economy, it’s probably not surprising to hear an economist say he’s getting an earful from community banks and credit unions around the country.

50. Local Mortgage Market Up 25 Percent - Wednesday, October 10, 2012

Chris Low, chief economist for First Horizon National Corp.’s capital markets division FTN Financial, has been on the road in recent days.

51. Financial Industry Continues to Evolve - Monday, September 24, 2012

Here’s a roundup of what some of the city’s banks and bankers, investment professionals, and other financial services shops have been up to in recent weeks.

On the personnel front, Financial Federal recently appointed bank president William Tayloe to the board. Tayloe will be responsible for repositioning and expanding the company’s presence locally and elsewhere.

52. Return on Investment - Monday, September 24, 2012

Most people already know some of the basic elements of the banking business. From the large national lenders with a Memphis presence to the community banks in the suburbs, one common element is they make money by charging borrowers more than the bank pays in interest to depositors.

53. Local Mortgage Market Up 22 Percent - Wednesday, September 19, 2012

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.

54. Local Mortgage Market Up In July - Wednesday, August 22, 2012

Spurred by interest rates that look to stay at record lows for the near future, local homebuyers keep coming out of the woodwork.

The trend manifested itself in a healthy pickup in mortgage activity last month. Total mortgage volume throughout Shelby County was up almost 30 percent over July 2011, climbing to $143 million in July 2012 from $111.7 million during the same period last year, according to real estate information company Chandler Reports, www.chandlerreports.com.

55. Magna Bank Hits Five-Year Mark - Tuesday, August 21, 2012

This month, Magna Bank is marking its fifth year in existence as a full-service community bank, one born in 2007 amid the calm just before the calamitous storm of 2008 that brought sweeping changes to banking and finance.

56. Grant Entity Files $20M Loan For Collierville Construction - Tuesday, August 07, 2012

25 acres north
Of Shea Road

Loan Amount: $20.4 million

Loan Date: July 31, 2012

Maturity Date: Aug. 1, 2017

Borrower: Westbrook Crossing GP

Lender: Magna Bank

57. Fairwood Finances Hampton Inn Beale - Tuesday, July 31, 2012

Fairwood Investors, the entity that acquired Hampton Inn & Suites Memphis-Beale Street in early 2010, has filed a $15 million leasehold loan through Magna Bank for the hotel and adjacent parking garage.

58. Magna Bank Taps Stewart To Lead SBA Division - Wednesday, July 25, 2012

Tom Stewart has been named senior vice president and manager of the small business administration division at Magna Bank. Since joining Magna in March, Stewart has led the bank in obtaining national preferred lending provider status. In his new role, Stewart will oversee all business development activities for the Mid-South along with portfolio management and loan servicing.

59. Q2 Mortgages up 14 Percent - Tuesday, July 17, 2012

Shelby County’s mortgage market is continuing to turn a corner, with more buyers during the second quarter signing on the dotted line and bankers handing over a shiny new set of keys.

During the second three months of 2012, banks and mortgage lenders in Shelby County made 2,149 purchase mortgages, up 14 percent from the 1,878 mortgages during Q2 2011, according to real estate information company Chandler Reports, www.chandlerreports.com.

60. Greer Elected Vice Pres. Of West Tennessee TAJ - Wednesday, July 04, 2012

Thomas Greer, partner in Bailey & Greer PLLC, has been elected vice president of the West Tennessee grand division of the Tennessee Association for Justice.

61. Bank of Fayette County Begins TARP Payback - Monday, June 25, 2012

Another Memphis-area bank has started paying back money it got from the federal government amid the Great Recession of 2008.

The Bank of Fayette County has repaid $1.1 million of the more than $6 million it got as part of the Troubled Asset Relief Program (TARP), according to a report from the U.S. Treasury.

62. Land in G'town's Enclave Sells for $2 Million - Wednesday, June 20, 2012

Memphis-based entity Enclave 5 & 6 Joint Venture has bought land in Enclave Planned Development in Germantown from Magna Bank for $2 million. The land, which is on the north side of Wolf River Boulevard west of where Forest Hill-Irene Road would run if extended, is proposed as Enclave phases five and six, according to documents filed with the Shelby County Register of Deeds.

63. County’s Mortgage Lending Up in May - Monday, June 18, 2012

When bank customers are seen doing something seemingly as simple as making plans for the future – plans, of course, that involve spending money – that conveys a lot to someone like Mike Edwards, Paragon Bank’s president and chief operating officer.

64. MEPPI Files $155M Permit App For Rivergate Plant, Office - Tuesday, June 12, 2012

2865 Riverport Road
Memphis, TN 38109

Permit Cost: $155 million

Permit Date: Applied June 2012

65. Dodd-Frank Could Have ‘Dire Impact’ On Economy - Monday, June 11, 2012

As banks nationwide are feeling the pressure of regulatory change like the Dodd-Frank Wall Street Reform and Consumer Protection Act, commercial real estate lending standards by community banks will likely remain stringent for the foreseeable future.

66. Quince Road Acreage Sells for $400,000 - Friday, June 08, 2012

Memphis-Quince LLC has bought 1.7 acres on the north side of Quince Road from Wills & Wills LP, filing a $1.7 million construction loan through Magna Bank at the time of sale.

67. Executive Coach Burtch Earns Int’l Designation - Wednesday, June 06, 2012

Bill Burtch, founder and president of full-service management consultancy firm Harmony Coaching & Consulting, has received the Professional Certified Coach designation from the International Coach Federation, becoming the second PCC in Memphis. Burtch, who also holds the Senior Professional in Human Resources designation, focuses his consulting work in executive/team coaching, professional development training and human resources consulting.

68. $7.5 Million Permit App Filed for Fieldstone Apts. - Tuesday, June 05, 2012

7986 Tournament Drive
Memphis, TN 38125

Permit Cost: $7.5 million

Permit Date: Applied May 2012

Owner: Fieldstone Apartments III Co.

Contractor: Patton & Taylor Construction Co.

69. Hacks Cross Acreage Sells for $364,000 - Friday, June 01, 2012

Memphis-Shelby Drive LLC has bought a 1.9-acre parcel on Hacks Cross Road from 10 individuals and Omni Packaging Corp. for $364,032, concurrently filing a $1.6 million construction loan through Magna Bank.

70. CRE Lending Sees Slight Improvement - Monday, May 21, 2012

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.”

71. Mortgages Up 10 Pct. in April - Wednesday, May 09, 2012

T.S. Eliot described April as “the cruelest month” in his classic poem “The Waste Land” – but for Shelby County’s mortgage market, April turned out to be a bit more positive than that.

72. Former Easy-Way Site Sells for $290,000 - Thursday, April 26, 2012

A former Easy-Way Produce Store on North Cleveland Street has been bought by a Germantown limited liability company. KPS Laundry LLC bought the store at 337 N. Cleveland St. from Barry M. Carter Sr. for $290,000, financing it with a $1.1 million loan through Magna Bank.

73. Youth Villages 5K Preps for 30th Birthday Bash - Friday, April 20, 2012

Despite the ups and downs of the residential real estate market over the last three decades, one of the constants for the Memphis Area Association of Realtors is the support of the annual Youth Villages Inc. 5K.

74. Q1 Mortgages Up 12 Percent - Tuesday, April 17, 2012

As the new year got under way, it didn’t look like Shelby County’s mortgage market was going to be ringing in 2012 with a bang.

By the end of January, the market was in pretty much the same place as it was one year earlier, with total mortgage volume barely budging (to $67 million, barely up from January 2011’s mortgage volume of $65.3 million).

75. Regions Rolls Out New Product Offerings - Monday, April 02, 2012

Regions Financial Corp., the parent of the bank that has the second largest share of customer deposits in Memphis, has now finished a companywide rollout of a new suite of products to a new set of customers.

76. Ten Commandments Bill Approved in Tenn. House - Tuesday, March 20, 2012

NASHVILLE (AP) – The House has voted to allow public buildings to display such "historically significant documents" as the Ten Commandments, the Magna Carta and the Declaration of Independence.

77. $1.5 Million Loan Filed For Future Vantage Point Golf - Tuesday, March 06, 2012

Future Vantage Point Golf Center

Loan Amount: $1.5 million

Loan Date: Feb. 28, 2012

Maturity Date: March 1, 2037

Borrower: Vantage Point Holdings LLC

78. CK’s Moves Into Jackson as Part of Expansion - Friday, March 02, 2012

A longtime Memphis diner chain is expanding its presence into the Jackson, Tenn., market.

CK’s Coffee Shop has signed a five-year lease for 1,390 square feet of the existing 4,900-square-foot Old Medina Market Gas Station at 2800 Old Medina Road.

79. Midtown Apts. Sell for $1M - Thursday, March 01, 2012

Samuel Adefeyisan has purchased the Ashley Manor Apartments – two separate buildings totaling 16 one-bedroom condo units in Midtown – from John P. Waddell and Nancy S. Waddell for $1 million.

80. Privatization Thoughts Highlight Changes - Monday, February 27, 2012

Here’s a roundup of what some of the city’s banks and bankers, investment professionals, mortgage brokers, asset management firms and other financial services shops have been up to in recent weeks.

81. Jan. Mortgage Volume Up 2 Percent - Monday, February 13, 2012

As the first page was torn off the 2012 calendar, Shelby County’s mortgage market found itself pretty much in the same place as it did during the same period in 2011.

Mortgage volume was almost $67 million during January, not much higher than January 2011’s mortgage volume of $65.3 million, according to real estate information company Chandler Reports, www.chandlerreports.com.

82. Magna Bank Moves to Become Private - Monday, February 06, 2012

Magna Bank is taking steps to become a private banking company.

The Memphis-based bank, which is currently a public company and as such makes certain quarterly and annual financial information publicly available, has scheduled a special meeting of its stockholders for March 26. On the agenda is approval that’s being sought from shareholders to reclassify certain shares of the bank’s common stock and to convert from a federal savings bank to a state banking corporation.

83. Real Estate Pros Figuring Out New Reality - Monday, January 30, 2012

The real estate market isn’t projected to get back to the pre-bubble bursting days of 2007 anytime soon.

It’s part of the new reality that agents across the board are coping with, and it was the heart of the discussion Thursday, Jan. 26, when real estate information company Chandler Reports hosted its “Master Your Market: 4th Quarter 2011 Update.”

84. Seminar Addresses Housing’s ‘New Reality’ - Tuesday, January 24, 2012

As real estate professionals gather this week to take a look at the latest numbers and trends, they’ll also get a preview of the road ahead from some of the city’s top residential specialists.

85. Q4 Mortgages Remain Unchanged - Monday, January 16, 2012

The last three months of 2011 followed the same pattern of mortgage activity that occurred throughout all of 2011. To use an airline metaphor, the local industry still had ice on its wings during the fourth quarter.

86. Shelby Co. Mortgages Fall 8 Pct. - Monday, January 16, 2012

It’s still very much a buyer’s market for prospective homebuyers in Shelby County – there’s just not enough of those buyers.

Banks and mortgage lenders made 6,866 purchase mortgages in Shelby County during 2011. That total for the year was down 8 percent from the 7,491 mortgages during 2010, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com. (Data for this report included purchase mortgages only, not refinances.)

87. Hamm Drawn to Burch Porter For Firm’s Public Service - Thursday, January 12, 2012

Mary Hamm was probably destined to end up at Burch, Porter & Johnson PLLC, a Memphis law firm with a storied past, a roster of well-known legal talent and a history of social justice work.

88. Clinton Auto Parts Plant to Expand, Add 188 Jobs - Wednesday, January 11, 2012

CLINTON, Tenn. (AP) – Eagle Bend Manufacturing, Inc., is planning a $64 million expansion of its Clinton plant over the next five years. The move is expected to create 188 new jobs.

89. Lofty Heights - Tuesday, January 10, 2012

The Mid-South apartment market is riding high after a strong 2011.

Last year saw increasing occupancies and rents, as well as a shift from investors and lenders back to more stable properties, all of which followed a 2010 that was dominated by activity involving distressed product.

90. Holmes Road Acreage, Lots Sell for $1.6M in Foreclosure - Monday, December 26, 2011

Property on Holmes Road
Memphis, TN 38109

Sale Amount: $1.6 million

Sale Date: Nov. 18, 2011

Buyer: Renasant Bank

91. Tubing Maker Doubles Space in Willow Lake - Friday, December 16, 2011

A Memphis-based tubing supplier is renewing its lease and more than doubling its space in a distressed Hickory Hill industrial park.

Jacob Tubing LP – the U.S. subsidiary of European modular tubing manufacturer Jacob Soehne – has renewed its 10-year lease for 20,232 square feet and expanded into an additional 30,000 square feet at Willow Lake Business Park, 3948 Willow Lake Blvd., in the Southeast industrial submarket.

92. Mortgages Up 15 Percent in November - Wednesday, December 14, 2011

As families across Shelby County last month made turkey dinners and took note of things they’re thankful for, the area’s mortgage bankers no doubt found reason to be grateful for some positive industry news.

93. Magna Bank Leads County’s SBA Lenders - Wednesday, November 30, 2011

Memphis-based Magna Bank was the top Small Business Administration lender in Shelby County and among the top SBA lenders statewide for the 12 months ended Sept. 30, according to the SBA’s Tennessee District Office.

94. Trinity Ridge Business Ctr. Sells for $7.6 Million - Tuesday, November 15, 2011

7730 Trinity Road, 7740 Trinity Road, 7750 Trinity Road, 7760 Trinity Road and 7866 Trinity Road
Cordova, TN 38018
Sale Amount: $7.6 million

95. Union Avenue Dialysis Ctr. Sells for $1.7 Million - Friday, November 11, 2011

Haskell, Okla.-based WMEM LLC has bought a nearly 15,000-square-foot building at 2225 Union Ave. from CKC Development Co. for $1.7 million.

96. Gallina Centro Acreage Sells for $2.1 Million - Thursday, November 10, 2011

Vacant land in Gallina Centro shopping center has been bought for $2.1 million, with the property slated to become a HomeGoods home décor store.

It marks HomeGoods’ first store in the Memphis area.

97. September Mortgages Drop 3.2 Percent - Tuesday, October 11, 2011

The housing market saw a little bit of a pickup in the third quarter compared to Q3 2010 – but the same didn’t hold true for the month of September.

Banks and lenders made 564 mortgages in Shelby County in September 2011, down from 583 in September 2010 – a 3.2 percent drop. That resulted in total mortgage volume for September dropping to $84.7 million from $88.4 million in September 2010. And the average mortgage amount dropped from $151,557 to $150,188.

98. Q3 Mortgages Rise, Recovery Still Slow - Tuesday, October 11, 2011

It’s tempting to look at the third quarter’s local mortgage numbers and regard that thumping sound as the real estate market’s pulse, weak for so long but slowly regaining strength.

99. Community Banks Resist Fees For Debit Cards - Monday, October 10, 2011

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.

100. Landmark Bank Receives Small Business Funding - Friday, September 30, 2011

Landmark Community Bank of Collierville is the latest local community bank to get a chunk of funding through the Small Business Lending Fund.