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Editorial Results (free)

1. Ousted IRS Chief Regrets Treatment of Tea Party -

WASHINGTON (AP) – The ousted head of the Internal Revenue Service apologized to Congress on Friday for his agency's tougher treatment of tea party and other conservative groups seeking tax-exempt status. He said they resulted from a misguided effort to handle a flood of applications, not political bias.

2. Obama: No Special Prosecutor to Investigate IRS -

WASHINGTON (AP) – President Barack Obama dismissed the idea of a special prosecutor to investigate the Internal Revenue Service Thursday, saying probes by Congress and the Justice Department should be able to figure out who was responsible for improperly targeting tea party groups when they applied for tax-exempt status.

3. Justice Department to Investigate IRS Targeting of Tea Party -

WASHINGTON (AP) – The Justice Department is opening a criminal investigation into the Internal Revenue Service's targeting of tea party groups for extra scrutiny over whether they qualified for tax exempt status, Attorney General Eric Holder announced Tuesday.

4. Obama Says He Won't Tolerate Political Bias at IRS -

WASHINGTON (AP) – When members of Congress repeatedly raised concerns with the Internal Revenue Service about complaints that Tea Party groups were being harassed last year, a deputy IRS commissioner took the lead in assuring lawmakers that the additional scrutiny was a legitimate part of the screening process.

5. Breweries Launch 'High Tax Ale' to Urge Change -

NASHVILLE (AP) – A special joint offering from Tennessee craft brewers Yazoo and Calfkiller features an unusual sales pitch to beer aficionados: "Now With Even More Taxes!"

The new product going on sale this week is the latest effort among brewers to draw attention to Tennessee's highest-in-the-nation tax scheme for beer, which high-end brewers argue disproportionately affects their ability to compete.

6. Deberry Defends Head of Department of Children's Services -

NASHVILLE (AP) – A Democratic lawmaker who played a role in the formation of the embattled Tennessee Department of Children's Services says the agency's commissioner shouldn't be blamed for deeply rooted problems that she inherited.

7. Executive Changes Announced at First Horizon National Corp. -

First Tennessee Bank’s parent company announced Thursday a bit of shuffling in its executive ranks.

8. Nichols Joins Spirco As Engineering Mgr. -

Matthew Nichols has joined Spirco Manufacturing as engineering manager.

Hometown: I currently live in Olive Branch. My hometown is Thaxton, Miss.

9. Key Storylines Emerge in 2011 Banking -

Much of the news that came out of the local banking and financial services sectors in 2011 fell into one of three buckets.

No new fees, please.

Smaller names are doing bigger business.

And, two heads are better than one.

10. First Tennessee Joins Debit Card Fee Trend -

When officials with the parent company of First Tennessee Bank walked through the company’s second quarter earnings in July for analysts, they noted that the implementation of stricter rules governing debit card fees would mean an annual $15 million to $20 million hit to the company’s revenue.

11. Regions Praised for Service, Client Experience -

Bank customers are apparently more likely to get service with a smile when they step into a Regions Bank branch as opposed to any other large U.S. financial institution.

12. First Tenn. Creates Video To Explain Overdraft Rules -

First Tennessee Bank has produced a six-minute video explaining why new rules mean banks have to get a customer’s consent before allowing overdraft charges to occur.

13. Banks Make Strengthening Moves -

A few months ago, First Horizon National Corp.’s then-chief investor relations officer was named by an industry magazine as the best IR officer among banks with a market capitalization less than $5 billion.

14. FDIC Proposal Hits Banks With Unexpected Bill -

Bank executives were given notice a few days ago they’d have to write a big, unexpected check to the federal government at the end of this year.

The reactions from bankers and industry analysts in the Memphis market to that proposal – and to the spike in fees banks have paid since the start of the financial crisis – show little variation. They generally agree the Federal Deposit Insurance Corp. chose the most politically palatable route for replenishing its battered deposit insurance fund, which protects consumer bank deposits.

15. Methodist University Hospital Names Essex Assistant Administrator -

Jeshahnton “Shaun” Essex has been named assistant administrator at Methodist University Hospital.

Essex will be responsible for environmental services, mail services, food and nutrition services, laboratory, radiology and facility and engineering services. Essex has served as assistant administrator at Methodist North Hospital the past four years.

16. Local Banks Hanker To Repay TARP Money -

Wall Street megabanks poised to repay the government’s bailout money aren’t the only ones eager to disentangle themselves from the grip of Uncle Sam.

Smaller banks on the local level also are intent to pay back loans they got last fall through the Troubled Asset Relief Program. And some of them want to dispose of those government IOUs soon – by the end of the year, if possible.

17. First Horizon’s Miller Chosen Best in Investor Relations -

A national publication has hailed the quality of investor relations at Memphis’ largest homegrown publicly traded financial institution, First Horizon National Corp.

18. TARP’s Effectiveness Remains to Be Seen -

If you’re having trouble deciding what to make of the federal government’s rescue plan for the financial system thus far – and whether mailing billions of dollars to U.S. banks has served its purpose of kick-starting loan activity – you’re not alone.

19. Banks Dodge About Where TARP Money’s Gone -

Banks across the U.S. released fourth-quarter numbers last week, and for many of them the earnings announcement was an opportunity to tout new loans they’ve put on the books in the wake of accepting millions of dollars in federal capital.

20. Bailout Questions Remain in ’09 -

Back in October, U.S. Sen. Bob Corker, R-Tenn., stood before an audience of bankers, civic leaders and businesspeople at the University of Memphis and defended his vote for the Emergency Economic Stabilization Act of 2008.

21. Banking Uncertainty Could Hinge on Low Loan Demand -

Kirk Bailey, chairman and CEO of Magna Bank, met with senior staff last week and encouraged them to develop a plan for the bank that includes offering more loans to credit-worthy borrowers.

22. Tenn. Banks Pass On Bailout Plan – For Now -

Banks and other financial institutions in Tennessee have shown little interest in the $700 billion rescue plan for the country’s financial system.

Representatives of the Tennessee Bankers Association met several days ago with a cross section of the more than 230 banking institutions across the state. The message relayed to the industry group is few Tennessee banks are waiting in the wings to sell their hard-to-value mortgage-backed loans to the government and thus use the U.S. Treasury Department’s bailout plan to clean up their balance sheets.

23. Pera to Serve on Advisory Board Of Miller-Becker Institute -

Lucian T. Pera, a partner at the Memphis office of Adams and Reese LLP, has been invited to serve on the Advisory Board of the Miller-Becker Institute for Professional Responsibility.

The Institute provides programs and activities to enhance ethical awareness among those who practice, adjudicate, teach and study law.

24. Earnings Drop Imminent At First Horizon National Corp. -      Officials at First Horizon National Corp. expect mortgage banking earnings to be affected unfavorably this quarter by deterioration in the current mortgage environment and the settlement of a $21 million class action law

25. Methodist Le Bonheur's Wade Becomes First to Achieve BCIA Certification -

Deanne Wade has become the first therapist in the tri-state area (Tennessee, Arkansas and Mississippi) to become certified through the Biofeedback Certification Institute of America (BCIA) in pelvic muscle dysfunction biofeedback. Wade is a physical therapist and supervisor in incontinence and pelvic rehabilitation at Methodist Le Bonheur Germantown Hospital.

26. Local Resident Named Land Realtor of America -

Keith Morris of 4M Land Co. in Somerville was honored with the 2005 Land Realtor of America award by the Realtors Land Institute. Morris, current president of the Tennesseen RLI chapter, is the first Tennessean to receive the award. He graduated from the University of Memphis.

27. Archived Article: Permits (lead) - Building permits

Construction Market Sees Mixed Quarter

Permit filings down; builders expect summer pickup

LANCE ALLAN

The Daily News

Shelby County building activity was up in the second quarter compared to the first three months of 2...

28. Archived Article: Memos - Dr Philip G. Satre, chairman and chief executive officer of Harrahs Entertainment Inc., has been named to the board of directors of JDN Realty Corp. Paul Stone has been named executive vice president and chief financial officer of Mark VII Inc. Ston...

29. Archived Article: Memos - National Commerce Bancorporation Karla Merritt has joined OConnor Kenny Partners as associate art director. She is a graduate of the University of Memphis. Sue S. Hunter has been appointed director of attorney recruitment for Baker, Donelson, Bearma...

30. Archived Article: Memos - Promus Names Norman P Norman P. Blake Jr. has been named chairman, president and chief executive officer of Promus Hotel Corp. Blake is the former chairman, president and CEO of USF&G Corp. and former chairman and CEO of Heller International Cor...

31. Archived Article: Master Graphics Buys - Master Graphics Acquires The Master Graphics buys Indianapolis printer Master Graphics Inc. announced Wednesday it has acquired The Printing Company of Indianapolis. Terms were not disclosed. The Printing Company, a general commercial sheet-fed comp...

32. Archived Article: Calendar - Jan Jan. 12 Laurelwood Business and Professional Women will meet at Davis-Kidd Bookstore, 387 Perkins Road. Dinner will be at 5:30 p.m., and the meeting will be at 6:30 p.m. The speaker will be Judge Ann Pugh. Public Issues Forum will meet at the Me...

33. Archived Article: Impact Fees Lj - lj 10/5 cates Impact fee bill directs developers dollars By LAURIE JOHNSON The Daily News With the adoption of impact fees rapidly gaining momentum in Tennessee, a bill has been introduced to the General Assembly to ensure that developers dollars go...