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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 85 296 9,112
MORTGAGES 100 394 12,246
FORECLOSURE NOTICES 21 98 2,526
BUILDING PERMITS 423 960 20,801
BANKRUPTCIES 66 261 7,887
BUSINESS LICENSES 19 77 3,301
UTILITY CONNECTIONS 164 515 11,538
MARRIAGE LICENSES 21 114 2,782

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