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VOL. 128 | NO. 107 | Monday, June 3, 2013
EMPHASIS Securities & Investments

‘One-Stop Shop’

Addition of investment services increases community banks’ offerings

A few Memphis-area community banks are starting to add investment services to their mix of offerings.

Argent Hire Underscores Firm’s Growth

The hiring of Phil Buchanan by Argent Financial Group as the company’s new president underscores what’s been a continual growth story at Argent.

Walker Leads Trust Growth at Commercial Bank

Emily Walker, vice president and trust officer with Commercial Bank & Trust Co., has worked in Trust for the past 16 years and feels blessed to have been a part of so many lives.

Achievement District Plans Include Two High Schools

The state-run Achievement School District has identified nine charter school operators that will run failing Memphis schools in the 2014-2015 school year including, for the first time, two high schools.

Local Weather
Today
Memphis, TN
49°F
Fair
Wind: 0 mph
Humidity: 90%

EVENTS

West Tennessee Historical Society will meet Monday, June 3, at 7 p.m. in the Wunderlich Auditorium at Memphis University School, 6191 Park Ave. Joe V. Lowry will present “Memphis: Going Through Changes, 1890-1929.” Visit wths-tn.org.

more events »

MAA Buying Colonial Properties Trust in Stock Deal

NEW YORK (AP) – Real estate investment trust Mid-America Apartment Communities Inc. is buying peer Colonial Properties Trust Inc. in an all-stock deal, expanding its presence in the South and Southwest portion of the U.S.

EmergeMemphis Taps new President and CEO

EmergeMemphis has new leadership at the top.

Commission Takes Up Property Tax Hike

Shelby County Commissioners take the first of three votes Monday, June 3, on a 6-cent property tax hike as well as a 30-cent increase in the tax rate.

Edge to Oversee Baptist’s $84.8 Million Cancer Center

In his earliest days as a surgeon specialized in treating breast cancer, Dr. Stephen Edge was fascinated by disparities in cancer care.

Auto Inspections Question Goes to Finish Line

The new fiscal year for local governments begins in less than a month and with it city of Memphis funding for auto inspections ends, leaving the emissions testing requirement in limbo if there is no further movement.

City Budget Reset Stalls for Council

Memphis City Council members looking for a five-year budget plan of some kind last week were told by city Chief Financial Officer Robert Lipscomb that most of the ideas hadn’t been properly vetted yet.

GOVERNMENT AGENDA

June 3 Shelby County Commission Agenda

The Shelby County Commission will meet Monday, June 3, at 1:30 p.m. in the Shelby County Administration Building, 160 N. Main St. Click on the meeting icon for an agenda.

SMALL BUSINESS SPOTLIGHT

Shoemaker Continues Rising After 2010 Fire

Shoemaker Financial has risen from the ashes since its building burned in 2010. The firm has enjoyed 30 percent growth each year since then, and its client list has swelled to more than 15,000.

LOCAL COLUMNISTS

Part-Time Enlightenment

I’ve been struggling with some serious philosophical issues lately. For example, I couldn’t remember if we were supposed to wait until after Memorial Day to wear white, or were we supposed to wait until after Labor Day? I tried to look it up on the Internet and discovered that most people don’t really care anymore and you can pretty much wear white anytime you want to. That’s a relief!

MEMPHIS AREA

Private Firm to Benefit From State Leases

NASHVILLE, Tenn. (AP) — A real estate services firm that recommended Tennessee unload some state office buildings stands to benefit from helping the state lease space in the private market.

Rain-Swollen US Rivers Stoke Shippers' Headaches

ST. LOUIS (AP) — Heavy rains swelling the Mississippi and Missouri rivers are causing headaches for barge operators.

NATIONAL BUSINESS

US Consumers Cut Spending 0.2 Percent in April

WASHINGTON (AP) — Americans cut back on spending in April after their income failed to grow, a sign that economic growth may be slowing.

OPEC Keeps Oil Output Target at 30 Million Barrels

VIENNA (AP) — OPEC oil ministers reached quick agreement Friday on keeping output targets steady but deferred solutions on how to deal with surging U.S. shale oil production and internal rivalries denting the organization's image of unity.

Eurozone Unemployment Heading for 20 Million

LONDON (AP) — The unemployment rate across the 17 European countries that use the euro hit a record 12.2 percent in April, and the number of unemployed is on track to reach 20 million by year's end.

Starbucks to Ban Smoking Within 25 Feet of Cafes

NEW YORK (AP) — Starbucks customers will soon have to stamp out their cigarettes before approaching the cafes.

EmergeMemphis Taps new President and CEO

EmergeMemphis has new leadership at the top.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 69 311 15,028
MORTGAGES 83 338 19,668
FORECLOSURE NOTICES 15 58 3,853
BUILDING PERMITS 0 512 35,842
BANKRUPTCIES 65 247 14,281
BUSINESS LICENSES 16 120 5,111
UTILITY CONNECTIONS 70 316 21,749
MARRIAGE LICENSES 18 93 4,650

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