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VOL. 126 | NO. 248 | Wednesday, December 21, 2011

Tri-State Bank Makes Promotions, BofA Makes Local Hires

By Andy Meek

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Tri-State Bank of Memphis, a $131 million asset bank founded 65 years ago this month, has announced a series of executive changes.

The bank has promoted Joyce Askew McGhee to executive vice president and chief operating officer; Shawn Thomas has been named senior vice president and senior lending officer/business development officer; and LaTonya Gray has been promoted to assistant vice president and controller.

Bank president Jesse Turner Jr. said the promotions of McGhee and Thomas to the executive management team “represent a significant change in the bank’s management.”

“These younger leaders bring new energy and expertise to the bank. They are helping the bank to meet today’s challenges, while repositioning the bank to grow and to serve the bank’s customers and the community with excellence in the future.”

Meanwhile, Bank of America has tapped several small-business bankers in Memphis.

BofA, one of the largest banks in the country by assets, chose Ron Brooks, Billy Briggs and Lydiah Tate for the roles, in which they’ll provide more personalized attention to small-business owners by spending time at their clients’ businesses and learning more about what they do.

Among other things, they’ll also consult with the business owners and assess their deposit, credit and cash-management needs.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 327 11,765
MORTGAGES 76 371 15,350
FORECLOSURE NOTICES 41 112 3,023
BUILDING PERMITS 382 972 28,226
BANKRUPTCIES 65 345 11,307
BUSINESS LICENSES 19 117 4,155
UTILITY CONNECTIONS 184 700 17,184
MARRIAGE LICENSES 20 100 3,564

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