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Editorial Results (free)

1. Metropolitan Bank Earnings Up 43 Percent -

Metropolitan Bank is starting off its fifth year by reporting another quarter of increased earnings – the 14th straight quarter in which that’s happened.

2. 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.

3. Wright Joins Magna Bank as Senior Vice President -

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.

4. Triumph Bank Takes Top SBA Lender Spot -

Memphis-based Triumph Bank is in the top spot on a recently released list by the U.S. Small Business Administration of lender rankings by loan dollar amounts in Tennessee.

5. Triumph Bank Takes Top SBA Lender Spot -

Memphis-based Triumph Bank is in the top spot on a recently released list by the U.S. Small Business Administration of lender rankings by loan dollar amounts in Tennessee.

6. Trustmark Buys Branches From SOUTHBank -

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

7. 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.

8. Trustmark Buys Two Branches From SOUTHBank -

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

9. Croom Appointed New Bankruptcy Judge -

James Croom, assistant U.S. attorney for the Western District of Tennessee, has been appointed by the U.S. Sixth Circuit Court of Appeals to be West Tennessee’s new bankruptcy judge.

10. Explore Alternatives to Banks -

Ray’s Take In decades past you built a relationship with your bank and, more importantly, your banker. After so many mergers, that’s become harder to do. Generation low interest rates have banks piling up fees on their customers as well as limiting services It might be worthwhile to at least consider options other than the neighborhood brick-and-mortar bank.

11. Triumph Bank Improved Earnings Picture in 2012 -

Memphis-based Triumph Bank saw a 28 percent gain in its pretax income in 2012 compared to 2011.

Triumph reported year-end pre-tax income of $3.5 million for 2012, up from about $2.7 million at year-end 2011.

12. 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.

13. Fed Study Supports Community Banking -

A new study out from the Federal Reserve Bank of St. Louis underscores one reason most banks in the Memphis area are smaller, community institutions.

14. 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.

15. Mortgage Bankers Honor Financial Federal Executives -

Financial Federal vice presidents and loan officers John Loebel and Judson Williford, of the bank’s residential lending division, recently were honored by the Memphis Mortgage Bankers Association.

16. Orion Federal Credit Union Partners with Food Bank -

Orion Federal Credit Union has partnered with the Mid-South Food Bank, donating more than $1,400 and about 600 food items to the nonprofit group.

17. Orion Federal Credit Union Partners With Food Bank -

Orion Federal Credit Union has partnered with the Mid-South Food Bank, donating more than $1,400 and about 600 food items to the nonprofit group.

18. JPMorgan to Trim 4,000 Jobs, Many in Consumer Banking -

NEW YORK (AP) – JPMorgan is trimming about 4,000 jobs, or about 1.5 percent of its work force, becoming the latest big bank to shrink its staff.

The bank said the cuts will be focused in consumer banking and mortgages. Many of the cuts would come through attrition, but the bank will lay off workers as well, a bank spokeswoman said.

19. Reader's Digest Parent Seeks Bankruptcy Protection -

NEW YORK (AP) – The parent company of Reader's Digest has filed for Chapter 11 bankruptcy protection for the second time in less than four years, saying it needs to cut its debt so it can keep restructuring.

20. Bank of Bartlett Launches Mobile Banking Product -

Bank of Bartlett has joined the list of banks that have launched a mobile banking service.

The bank now has mobile banking capability on all types of mobile devices, including iPhones and Android phones, Web-enabled smartphones and older cell phones through three formats including a Bank of Bartlett mobile banking app.

21. Bank of Bartlett Launches Mobile Banking Product -

Bank of Bartlett has joined the list of banks that have launched a mobile banking service.

The bank now has mobile banking capability on all types of mobile devices, including iPhones and Android phones, Web-enabled smartphones and older cell phones through three formats including a Bank of Bartlett mobile banking app.

22. 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.

23. Metropolitan Bank Reports Year-End Earnings -

Metropolitan BancGroup Inc., the holding company for Metropolitan Bank, has reported its 13th straight quarter and its fourth straight year of increased earnings.

24. 2012 Most Profitable Year For Magna Bank -

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.

25. 2012 Most Profitable Year for Magna Bank -

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.

26. Metropolitan Bank Reports Year-End Earnings -

Metropolitan BancGroup Inc., the holding company for Metropolitan Bank, has reported its 13th straight quarter and its fourth straight year of increased earnings.

27. SunTrust Banks Posts Jump in Fourth-Quarter Net Income -

SunTrust Banks Inc. said Friday that its fourth-quarter net income soared, helped by mortgage-related and investment banking income.

The Atlanta-based regional bank earned $350 million, or 65 cents per share, for the last three months of 2012, up from $71 million, or 13 cents per share, in the same quarter a year ago.

28. Paragon National Bank Expands Board of Directors -

Paragon National Bank has added three people to its board of directors.

The new members are Mary McDaniel, Lauren Boggs McHugh and Pete Stark. They’ll each serve a three-year term and work closely with the bank’s 10 other board members.

29. Pinnacle Reorganization OK’d in Bankruptcy Court -

A federal bankruptcy court in New York has approved the reorganization plan of Pinnacle Airlines Corp.

30. Fourth-Quarter Bankruptcies Decline -

The 3,144 bankruptcy filings in Shelby County during the last three months of 2012 equal about a fourth of the year’s total.

And like the year-end totals, according to The Daily News Online, most of those filings – 2,484 – were Chapter 13 filings with another 654 filed as Chapter 7 and 6 in the Chapter 11 category.

31. Paragon National Bank Expands Board of Directors -

Paragon National Bank has added three people to its board of directors.

The new members are Mary McDaniel, Lauren Boggs McHugh and Pete Stark. They’ll each serve a three-year term and work closely with the bank’s 10 other board members.

32. Pinnacle Reorganization Approved in Bankruptcy Court -

A federal bankruptcy court in New York has approved the reorganization plan of Pinnacle Airlines Corp.

33. Dippin' Dots Bankruptcy Case at End -

PADUCAH, Ky. (AP) – A remaining piece in the bankruptcy case of novelty ice cream maker Dippin' Dots has been resolved.

A spokesman for the company that purchased Dippin' Dots said Monday a hearing scheduled for later this week is expected to be cancelled because information sought by a federal bankruptcy judge was submitted.

34. First State Bank Opening Memphis Location -

First State Bank is opening a new Memphis location and has hired a new team to grow the customer base and develop a branch network here.

35. Pinnacle to Emerge From Bankruptcy as Delta Subsidiary -

MEMPHIS (AP) -- Pinnacle Airlines Corp. said Thursday that it reached agreements, including additional financing, that will allow it to emerge from bankruptcy protection as a subsidiary of Delta Air Lines Inc.

36. First State Bank Opening Memphis Location -

First State Bank is opening a new Memphis location and has hired a new team to grow the customer base and develop a branch network here.

37. Paragon Makes Donation to Mid-South Food Bank -

Paragon National Bank collected $14,200 and 568 pounds of food for the Mid-South Food Bank during the fifth annual Mid-South Food Bank Student Food Drive.

38. Paragon Makes Donation to Mid-South Food Bank -

Paragon National Bank collected $14,200 and 568 pounds of food for the Mid-South Food Bank during the fifth annual Mid-South Food Bank Student Food Drive.

39. Paragon National Bank Hosts Student Artwork -

Paragon National Bank’s Saddle Creek branch at 7600 Poplar Ave. is showing art pieces from Dogwood Elementary School students through January.

40. Paragon National Bank Hosts Student Artwork -

Paragon National Bank’s Saddle Creek branch at 7600 Poplar Ave. is showing art pieces from Dogwood Elementary School students through January.

41. Pinnacle, Delta Extend Date for Bankruptcy Order -

Pinnacle Airlines Corp. and Delta Air Lines Inc. announced Monday, Dec. 17, an extension of the deadline for a final order approving Pinnacle’s bankruptcy settlement in federal bankruptcy court including new contract agreements with Pinnacle employees.

42. Wharton, Lenoir Relaunch ‘Bank on Memphis’ Program -

Memphis Mayor A C Wharton Jr. and Shelby County Trustee David Lenoir are relaunching a financial literacy program, “Bank On Memphis,” with a $10,000 contribution from Regions Bank for renewed marketing and other outreach costs.

43. BancorpSouth Keeps Focus on Staying True to Banking Basics -

BancorpSouth Inc. may have new leadership, but the Tupelo, Miss.-based company likes to say it still has an old way of doing business.

44. Wharton, Lenoir Relaunch ‘Bank on Memphis’ -

Memphis Mayor A C Wharton Jr. and Shelby County Trustee David Lenoir are relaunching a financial literacy program, “Bank On Memphis,” with a $10,000 contribution from Regions Bank for renewed marketing and other outreach costs.

45. Citibank Cuts FedEx Earnings Estimates -

The string may have run out in the air cargo market, Citibank said Monday, which cut its FedEx Corp. earnings estimates for this year and next.

46. Triumph Bank Reports 15th Straight Profit -

Triumph Bank has enjoyed one of the most consistent success stories among Memphis-area community banks.

Triumph, which was founded in 2005, has reported its 15th straight quarterly profit, meaning even 2008’s Great Recession was not enough to ding Triumph’s prospects.

47. Family Dollar Teams Up With Mid-South Food Bank -

Family Dollar is teaming up with the Mid-South Food Bank for a four-week holiday fundraising initiative that will be held at Memphis-area Family Dollar stores through Dec. 19.

48. FedEx Helps Sandy Victims With Food Bank Donations -

FedEx Office is helping the victims of Superstorm Sandy by donating $1 to New York and New Jersey food banks for each Pack and Ship transaction through Dec. 2.

According to the company, each dollar donated will provide five warm meals through the Food Bank For New York City or $10 worth of groceries through the Community Food Bank of New Jersey.

49. Landmark Community Bank Reports Third-Quarter Profit -

Collierville-based Landmark Community Bank has reported a profit of $648,000 during the three months ended Sept. 30, compared to a $2.2 million profit during the same period in 2011.

50. Tayloe Brings Banking Knowledge, Energy to Financial Federal Board -

At the age of 34, William Tayloe became the youngest president in the 27-year history of Financial Federal Savings Bank. Now, at 39, he has been named to the bank’s board of directors.

51. Optimism Finds Way Into Local Banks, Financial Institutions -

Here’s a look at what’s going on in the world of finance, and the ways it’s all affecting Memphis.

First up, to quote the Bard, “But soft: what light through yonder window breaks?”

52. Metropolitan Bank Expands With Nashville Headquarters -

Metropolitan Bank is moving forward with a major expansion as the company prepares to start renovations on its new Nashville headquarters at 1701 West End Ave. in the Midtown/Vanderbilt area.

53. Beale Street Bankruptcy Ruling Clears Way for City Control -

More than two years after the city of Memphis reached a settlement with the company that managed and developed the Beale Street entertainment district, a federal bankruptcy court ruling Tuesday, Oct. 30, cleared the way for the city of Memphis to regain day to day control of the district.

54. Trio of New Branch Managers Chosen at Bank of Bartlett -

Bank of Bartlett has chosen three new bank branch managers.

They are Timothy Nick Hobbs, Tim Martin and John Paul Kavin.

55. Luttrell’s Executive Assistant Moving to Evolve Bank & Trust -

Shelby County Mayor Mark Luttrell’s executive assistant is leaving his position soon to become director of communications for Evolve Bank & Trust.

56. SunTrust Banks Falls as Third Quarter Expenses Climb -

NEW YORK (AP) — Shares of SunTrust Banks continued to fall on Tuesday, after the regional bank posted higher third-quarter expenses amid low interest rates.

THE SPARK: SunTrust Banks Inc. reported Monday that its third-quarter earnings climbed sharply, but the gain was mainly because it sold shares it owned in The Coca-Cola Co. Its performance beat the expectations of analysts polled by FactSet.

57. Triumph Bank Turns in Another Profit -

It’s hiring, making plenty of new loans, growing its pool of assets, opening new offices – and enjoying a now long-unbroken run in profitability.

Triumph Bank’s latest quarterly numbers are in, and the result is the bank ending comfortably in the black for the 14th straight quarter. The bank in recent weeks presented its second quarter financials to shareholders. And they included raising more than $12 million in new capital, money that was used to purchase investments and for other general corporate purposes.

58. Tennessee Banks Increase Small Business Lending -

Tennessee banks receiving capital through the Small Business Lending Fund have increased their small business lending by $275.1 million over their baselines, according to the U.S. Department of Treasury in a new report.

59. Oil Prices Fall After Warning From World Bank -

NEW YORK (AP) – A strong warning from the World Bank that growth in Asia may slow further dragged down the price of oil Monday.

60. Food Commodities to Switch to Mid-South Food Bank -

The Mid-South Food Bank will handle the weekly distribution of government food commodities starting later in October.

61. MATA, Food Bank Team Up for Food Drive -

The Memphis Area Transit Authority is teaming up with Mid-South Food Bank this month for the second annual “Stuff a MATA Bus” food drive.

62. Piccadilly Files for Chapter 11 Bankruptcy -

BATON ROUGE, La. (AP) – Piccadilly Restaurants, a Baton Rouge-based cafeteria chain, has filed Chapter 11 bankruptcy.

Thomas Sandeman, the company's CEO, told The Advocate that the filing, which was made Tuesday in U.S. Bankruptcy Court in Lafayette, will protect the value of Piccadilly, along with its employees and restaurants.

63. Trade Group Honors Evolve Bank & Trust -

Memphis-based Evolve Bank & Trust has hit a big milestone as a member of the Independent Community Bankers of America.

64. FirstBank Looks to Grow Memphis Presence -

The third-largest bank based in Tennessee is on the move. Lexington-based FirstBank has been adding new talent to its ranks around the state, and it’s looking to do the same in Memphis.

65. US Makes $62.4M on Sale of Stock in 4 Small Banks -

WASHINGTON (AP) – The government says it made $62.4 million on the sale of its stock in four small banks that were bailed out during the 2008 financial crisis.

The Treasury Department announced Friday the results of its latest auction of its preferred stock in small banks. The government sold its shares for $5.1 million less than its original investment in the four banks of $67.5 million. But overall the Treasury says the investment was profitable after counting $12.1 million in dividends it received from the banks, for total income of $74.5 million.

66. Trustee and County Land Bank Prepping Road Show -

The office of Shelby County Trustee David Lenoir and the Shelby County Land Bank are teaming up to present a “Real Estate Road Show” starting later this month.

67. Landmark Community Bank Reports Earnings Increase -

Collierville-based Landmark Community Bank has reported earnings from operations of $594,000 during the three months ended June 30, compared to earnings of $554,000 during the same period in 2011.

68. Survey: Tighter US Loan Standards for Europe Banks -

WASHINGTON (AP) — A Federal Reserve survey finds that more than half of U.S. banks that lend to European banks continue to tighten their credit standards. That reflects the U.S. banks' concern over the deepening European debt crisis.

69. Morgan Stanley Closes a Bleak Bank Earnings Season -

NEW YORK (AP) — It's tough being a big bank these days.

Morgan Stanley, the storied investment house, reported Thursday that its revenue was down sharply for April through June and its profit missed Wall Street expectations. Its stock was clobbered — down more than 5 percent.

70. Parktown Place Condos Sold Back to BankPlus -

Ridgeland, Miss.-based BankPlus has bought back the Parktown Place Condominiums in Midtown following a foreclosure of the eight-unit multifamily complex and its owner, Dogwood Properties of Memphis.

71. Ramsey: State Revenue Surplus Should Stay in Bank -

NASHVILLE, Tenn. (AP) — Senate Speaker Ron Ramsey says the state's revenue surplus of more than a half-billion dollars should stay in the bank despite calls from Democrats to use it to offset tuition costs.

72. As US Economy Steadies, Bank Closings Become Rarer -

WASHINGTON (AP) – Fewer U.S. banks are failing than at any time since the financial crisis erupted in 2008. The healthier banking industry is helping sustain an economy slowed by lackluster hiring, weak manufacturing and Europe's debt crisis.

73. Deutsche Bank Analyst Boosts AutoZone to "Buy" -

NEW YORK (AP) – A Deutsche Bank analyst on Tuesday raised his rating for AutoZone Inc. to "Buy" from Hold," saying that the auto parts retailer will soon get a boost from slowing new car sales and falling gas prices.

74. Cooper Young Biz Association Helps Mid-South Food Bank -

Members of the Cooper Young Business Association are working together in a money and food drive for Operation Feed, the Mid-South Food Bank’s largest drive.

75. Ackermann Joins FirstBank as Financial Manager and VP -

Thomas “Lynn” Ackermann has been hired as financial manager and vice president of the Memphis Poplar branch of FirstBank.

76. Fed Proposes Stricter Capital Rules for Banks -

WASHINGTON (AP) – The Federal Reserve wants U.S. banks to set aside more money to cushion against unexpected losses, a key step in preventing another financial crisis.

The Fed on Thursday proposed rules requiring the nation's largest banks hold at least 6 percent of their assets in capital reserves. That's up from a minimum of 4 percent currently required and in line with international standards.

77. Metropolitan Bank Releases New Smartphone App -

Metropolitan Bank has released its newest smartphone app, Xpress Deposit, which allows clients to make a deposit by taking a photo of a check on a mobile phone.

78. President Obama Signs Bankruptcy Judgeship Bill -

President Barack Obama has signed HR 4967 a bill that extends certain temporary federal bankruptcy judgeships around the country.

The bill will have a local impact, because one of the five bankruptcy judges in the Western District of Tennessee, which includes bankruptcy courts in Memphis and Jackson, is retiring soon. U.S. Bankruptcy Court Judge G. Harvey Boswell is leaving the bench effective July 8.

79. Regulators Probe Bank's Role in Facebook IPO -

WASHINGTON (AP) – Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst's negative report about the company before the stock started trading.

80. JPMorgan Names Vice Chairman of Investment Banking -

NEW YORK (AP) – JPMorgan says that Joseph Walker is rejoining the bank as a vice chairman of investment banking.

81. Portable Banking -

First Tennessee Bank is spending tens of millions of dollars at the moment on upgrades of its technology infrastructure as well as new product development.

82. FDIC Head Outlines Strategy for Seizing Banks -

WASHINGTON (AP) – Regulators plan to employ a strategy for handling big failing banks that would help stabilize the financial system by preserving the banks' healthy operations, the head of the Federal Deposit Insurance Corp. says.

83. Triumph Bank Raises $12 Million in Capital -

Memphis-based Triumph Bank has just completed a capital raise that’s bringing in slightly more than $12 million for the 6-year-old bank.

84. Kustoff Elected to BankTennessee Board -

David Kustoff, the former U.S. attorney for the Western District of Tennessee, has been elected to the BankTennessee board of directors.

85. Triumph Bank Reports First-Quarter Profit -

Triumph Bank had a smaller profit in the first quarter than it did during the same period in 2011. However, part of that is attributable to the bank setting aside more in loan loss reserves to protect against future economic uncertainty.

86. White Joins BankTennessee As Mortgage Specialist -

Judy Sulton White has joined BankTennessee as a mortgage loan specialist. White has worked in the mortgage industry for 30 years and will focus on new-home financing options, mortgage refinances and custom construction loans.

87. Iberiabank Relocates Cordova Bank Branch -

Iberiabank is moving its Cordova branch out from behind the shadow of a rival – literally.

The Iberiabank branch at 1605 Germantown Parkway is being relocated a little more than a mile south of that location into a vacant space formerly occupied by Trust One Bank, which closed several of its locations recently.

88. Struggling Economy Keeps Bankruptcy Filings on Rise -

The first quarter of 2012 showed a slight increase in bankruptcy filings in West Tennessee, according to The Daily News Online, www.memphisdailynews.com.

89. Don’t Be Your Kids’ Piggy Bank -

Ray’s Take Whether 5 or 55, kids tend to turn to their parents first when they encounter financial difficulties. There’s nothing inherently wrong with that, but there can be a lot wrong with bailing them out with no consequences or questions asked.

90. Cuts in European Bank Lending to Drag Growth -

WASHINGTON (AP) — The International Monetary Fund warned Wednesday that European banks are under pressure to preserve capital and could cut back sharply on lending over the next two years, slowing the region’s growth.

91. 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.

92. Mid-South Food Bank Seeks Donations -

The Mid-South Food Bank is currently accepting monetary donations online at http://bit.ly/kfJ6iT and will be taking food donations through Saturday, April 14.

93. Govt Loses About $49M on Sale of Small-Bank Stocks -

WASHINGTON (AP) – The government has lost roughly $50 million on its sale of stock in six small banks bailed out in the 2008 financial crisis. But the Treasury Department says the three-year investment was profitable after counting dividends and investments.

94. Iberiabank Reaches Deal To Acquire Florida Bank -

It has a pristine new local market headquarters building on Poplar Avenue near the Erin Way Shopping Center.

But there are plenty of other indications of the health of Louisiana-based Iberiabank, which turns 125 years old this year.

95. Mid-South Food Bank Appoints Board Members -

Mid-South Food Bank has appointed Rafael Durand from International Paper Co. and James Gibbs from Riviana Foods Inc. to its board of directors.

96. West Tenn. Bankruptcy Judge Retires -

Everybody is having to do more with less these days – including bankruptcy judges in one of the busiest areas of the country in terms of bankrupt debtors.

U.S. Bankruptcy Court Judge G. Harvey Boswell has announced his retirement effective July 8. Boswell’s court is in Jackson, Tenn., which is part of the Western District of Tennessee, the same district that includes the bankruptcy courtrooms of Memphis.

97. Goldman Manifesto Echoes Past Questions About Bank -

The young banker whose dramatic public resignation stung Goldman Sachs this week joins officials from every corner of the government in questioning whether the august investment house deals honestly with all its clients.

98. Bernanke: Community Banks Strengthening -

WASHINGTON (AP) – U.S. community banks are gaining strength even though the economy is improving only moderately, Federal Reserve Chairman Ben Bernanke said Wednesday, March 14.

The Fed chief delivered prerecorded remarks on a video monitor before a convention of community bankers in Nashville.

99. Triumph Bank Adds Mobile Banking -

Triumph Bank has added a downloadable mobile app for iPhone, Blackberry and Android devices, in addition to many other Java-enabled phones.

100. Lehman to Emerge From Bankruptcy and Wind Down -

NEW YORK (AP) – Lehman Brothers, the investment bank that failed at the depths of the financial crisis, says it will sell the last of its assets starting in April.

Lehman said Tuesday it is emerging from Chapter 11 bankruptcy, which frees the company to sell its assets and distribute the cash to creditors. In effect, it means the failed bank is preparing to meet its end.