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VOL. 128 | NO. 83 | Monday, April 29, 2013
EMPHASIS Financial Services

Capital Requirement

Local bankers await new rules governing their money reserves

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.

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.

Esrael Celebrates 30 Years at First South Financial

Even as a young man right out of graduate school, Craig Esrael knew how to spot an opportunity.

Nonprofits Coping With New Challenges

About 74 percent of Mid-South nonprofit organizations reported increased service demands in 2012, compared with 72 percent a year earlier. But many of those organizations cannot fully meet the demand for increased services because of funding constraints.

Local Weather
Today
Memphis, TN
54°F
Fair
Wind: 6 mph
Humidity: 75%

EVENTS

A Main Street to Main Street Multimodal Connector Project design review meeting will be held Monday, April 29, from 5:30 p.m. to 7 p.m. in the City Council chambers in City Hall, 125 N. Main St. The public can learn about and view designs for the project. Contact Michael Carpenter at michael.carpenter@memphistn.gov or 636-6596.

more events »

Cates Named Commercial Broker of Year

The Memphis Area Association of Realtors Commercial Council honored its most productive members of 2012 at the 12th annual Pinnacle Awards gala, held Thursday, April 25, at the Memphis Country Club.

Carlisle Joins Chisca Project

The partners developing the old Chisca hotel on South Main as apartments announced at a Friday, April 26, project launch that Carlisle Corporation is the main partner for the project.

Board Continues Delay on Outsourcing Decision

Not every member of the countywide school board who voted against outsourcing custodial services in February is still trying to stop the contract to carry that out.

Smith's Role Central to City's History

Memphis civil rights icon Maxine Smith died Thursday evening at her South Memphis home at the age of 83.

SMALL BUSINESS SPOTLIGHT

Magna Intent on Raising Profile, Enhancing Services

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.

LOCAL COLUMNISTS

A Quick, Cheap Fix for Stress

If you read much about stress, you quickly find out that stress isn’t necessarily a bad thing. The human stress response, or fight-or-flight system, was designed by Mother Nature to be your friend and help you in times of potential trouble. However, if you read on you also learn that, to state it somewhat bluntly, stress can kill you. So there you go; from not being so bad to … it can kill you. That’s not very confusing is it?

STATEWIDE

Settlement With Nonprofits Could Bring $40 Million

NASHVILLE (AP) – A long-standing legal dispute between two publicly traded healthcare companies and the receiver for two Tennessee non-profit corporations could ultimately result in $40 million going to charities in the Volunteer State.

STATE GOVERNMENT

Children’s Services Adopts New Plan for Reviewing Child Deaths

NASHVILLE (AP) – Tennessee's Department of Children's Services has adopted a new plan for investigating child deaths that it says will be faster and more effective.

NATIONAL GOVERNMENT

Internet Sales Tax Bill to Hit Roadblock in House

WASHINGTON (AP) – A bill to require Internet shoppers to pay sales taxes for online purchases may be cruising through the Senate but it will soon hit a roadblock in the House.

TECHNOLOGY

Smartphones Overtake 'Dumb' Phones Worldwide

NEW YORK (AP) – A research firm says that more smartphones than 'dumb' phones are being made this year, a milestone in a shift that's putting computing power and Internet access in millions of hands worldwide.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 66 153 14,870
MORTGAGES 64 144 19,474
FORECLOSURE NOTICES 0 22 3,817
BUILDING PERMITS 217 359 35,689
BANKRUPTCIES 59 121 14,155
BUSINESS LICENSES 24 86 5,077
UTILITY CONNECTIONS 71 170 21,603
MARRIAGE LICENSES 22 59 4,616

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