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Editorial Results (free)

1. 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.

2. Iberiabank Expands Local ATM Presence -

Iberiabank now has seven branded ATMs in Rite Aid pharmacies in Memphis through its partnership with Payment Alliance International, a leader in retail ATM solutions.

PAI owns and operates the ATM placements, and Iberiabank cardholders can now make transactions at those ATMs without incurring surcharges.

3. Iberiabank Expands Local ATM Presence -

Iberiabank now has seven branded ATMs in Rite Aid pharmacies in Memphis through its partnership with Payment Alliance International, a leader in retail ATM solutions.

PAI owns and operates the ATM placements, and Iberiabank cardholders can now make transactions at those ATMs without incurring surcharges.

4. Banks Showcase Artwork, Local Artists -

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.

5. Iberiabank Relocates Cordova Branch -

Iberiabank has relocated its Cordova branch to 1010 N. Germantown Parkway, taking over space formerly occupied by a Trust One Bank branch.

6. 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.

7. Industry Growth -

The local banking and finance industries have proven to be a temporary boon of late to a group of people hit hard by contractions in banking and housing: architects and construction workers.

At the moment, a handful of new branches or office locations are either in some phase of construction or are preparing to open for companies that include Independent Bank, Evolve Bank & Trust, Metropolitan Bank, Iberiabank and Shoemaker Financial.

8. Local Banks Show Signs of Rebound -

The Memphis banking market – along with that of the state – continues to bounce back. New reports out from two federal banking regulators show a surge in year-to-date profits for Memphis-area banks, including a more than doubling of net income for the area’s largest bank, First Tennessee, in the third quarter from Q3 2010. That’s from data compiled by the Federal Reserve Bank of St. Louis.

9. IBERIABANK Files $2.5 Million Permit -

4894 Poplar Ave.
Memphis, TN 38117
Permit Amount: $2.5 million

Project Cost: Applied January 2011
Completion: Fall 2011
Owner: IBERIABANK
Tenant: IBERIABANK
Contractor: Webb Building Corp.
Architect: Chrestia Staub Pierce Inc.

10. Regions Chief Economist Says Recession Doesn’t ‘Feel’ Over -

Most of what Regions Financial Corp. chief economist Bob Allsbrook studies every day is unsurprising, given his job.

11. 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.