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Editorial Results (free)

1. BancorpSouth to Complete Long-Delayed Acquisitions -

TUPELO, Miss. (AP) – A Mississippi bank has won approval to complete mergers with Louisiana and Texas banks that were delayed for nearly four years.

BancorpSouth announced Wednesday that it intends to complete the acquisitions of Ouachita Independent Bank and First State Bank Central Texas by Jan. 15. The Tupelo-based bank says it finally been approved by the Federal Deposit Insurance Corp. and Mississippi banking regulators.

2. BancorpSouth Merger Deals Extended -

TUPELO, Miss. (AP) — BancorpSouth's proposed merger deals with Central Community Corp. and Ouachita Bancshares Corp. have been extended until Dec. 31 of next year.

3. Stephenson Leverages Capital for Community Change -

Why start a bank? It’s a question that would never occur to most people. But to Susan Stephenson, the answer is obvious: “It’s infinite variety. You get to participate in other people’s dreams. In the morning, I can be a first-time homeowner. In the afternoon, I’m a small business looking to open a new location.”

4. Simmons First National Moves Into Tennessee -

A similar history, a foundation in agriculture lending and growth potential attracted Arkansas-based Simmons First National Corp. to buy Community First Bancshares Inc. of Union City, Tenn., and its $1.9 billion subsidiary First State Bank, says Simmons’ Chairman and CEO George A. Makris.

5. First State Bank Given SBA Lending Honor -

First State Bank has been named the 2013 Small Business Administration Community Bank of the Year for Tennessee.

6. First State Bank Given SBA Lending Honor -

First State Bank has been named the 2013 Small Business Administration Community Bank of the Year for Tennessee.

7. US Makes $62.4M on Sale of Stock in 4 Small Banks -

WASHINGTON (AP) – The government says it made $62.4 million on the sale of its stock in four small banks that were bailed out during the 2008 financial crisis.

The Treasury Department announced Friday the results of its latest auction of its preferred stock in small banks. The government sold its shares for $5.1 million less than its original investment in the four banks of $67.5 million. But overall the Treasury says the investment was profitable after counting $12.1 million in dividends it received from the banks, for total income of $74.5 million.

8. Haslam Expects to Approve Higher Ed Tuition Hikes -

NASHVILLE (AP) – Gov. Bill Haslam doesn't plan to stand in the way of proposed tuition hikes at Tennessee's two higher education systems.

The Republican governor is scheduled to attend the University of Tennessee's board of trustees meeting in Knoxville on Thursday, where tuition hikes are on the agenda.

9. Bank Closings Top 100 for Year; Most Since 1992 -

WASHINGTON (AP) - Bank closings for the year surpassed 100 on Friday when regulators shut down small banks in Florida and Georgia. Financial institutions nationwide have collapsed under the weight of soured real estate loans and the Great Recession.

10. Federal Reserve Imposes Restrictions on 2 Banks -

OMAHA, Neb. (AP) - The Federal Reserve has imposed restrictions on two correspondent banks in Nebraska and Missouri owned by Midwest Independent Bancshares Inc. of Jefferson City, Mo. because of concerns about the banks' exposure to the commercial real estate market.

11. Fidelity Touts Conservative Values As Saving Grace -

A few years ago, in the midst of sweeping bank consolidations that brought institutions such as Regions Bank and SunTrust Inc. to the area, the owners and directors of Fidelity National Bank in West Memphis let everyone know they wanted no part of a merger or acquisition.

12. Treasury Provides $80.7M to 10 Banks from Bailout -

WASHINGTON (AP) - The government said Tuesday it has provided $80.7 million to 10 banks in the latest payments from the $700 billion financial rescue fund.

The Treasury Department said it has spent $198.58 billion under a program to buy banks' preferred stock in an effort to bolster their balance sheets.

13. INSOUTH Positions Itself for Further Growth With New Poplar Location -

Richard Marsh admits that INSOUTH Bank never quite found its identity at the intersection of Walnut Grove Road and Humphreys Boulevard, the spot it called home for 15 years.

During that time, the bank was surrounded by a fast-food restaurant, a fire station and a hotel - it became lost in a Bermuda Triangle of sorts.

14. Startup Triumph Bank Works To Fill Desired Market Niches -

If Memphis is a pond, and mega-banks such as SunTrust Banks, Wachovia Corp. and Regions Financial Corp. are whales, then local startup Triumph Bank is a goldfish.

Sometimes, a little fish can make its gargantuan counterparts look like fish out of water.

15. Triumph Breaks Ground On Corporate Headquarters -      Triumph Bank recently broke ground on its second branch location and corporate headquarters, which will be at 5699 Poplar Ave. in the Poplar Pointe center at Poplar and Interstate 240.
     

16. First Merchants Acquires Crockett Banks for $7.4 Million - First Merchants & Farmers Bank has acquired Crockett County Bancshares Inc. and its subsidiary Bells Banking Co. in a $7.4 million cash deal.

First M&F Corp. first announced its intention to purchase the bank in October 2005. Crocket County

17. Archived Article: Daily Digest - Wolfchase Dealership

Wolfchase Dealership

Financed for $1.2 Million

Memphis-based HJ&F LLC has taken a $1.2 million construction loan for property containing the Wolfchase Chrysler Plymouth Jeep Auto Dealership, located on 9.27 acres at...

18. Archived Article: Standout - Standout

Winchester Contributes to Small Banks Growth

LANCE ALLAN

The Daily News

Expanding into a major market like Memphis can be tricky, especially for a company based in a small town.

But Dyersburg, Tenn.-based First Citizens Natio...

19. Archived Article: Newsmakers - Area Fire Fighters, Police Awarded for Bravery

Firefighters, Officers Awarded for Bravery The 100 Club of Memphis presented Valor Awards, the highest honor for bravery in Memphis and Shelby County, to Collierville police officer Michael Riley and...

20. Archived Article: Daily Digest - Enterprise reports

Enterprise reports

earnings increase

Enterprise Bancshares Inc., holding company for Enterprise National Bank, reported a consolidated net income of $488,516 for the quarter ended June 30, up 36.6 percent over net income ...

21. Archived Article: Enterprise (lead) - Local bank acquires employer organization Bank enters new territory with buyout By SUE PEASE The Daily News Enterprise National Bank acquired Selmer, Tenn.-based Select Systems Inc. earlier this month in a move company officials said strengthens one...

22. Archived Article: Market Briefs - Orgill Inc Orgill Inc., headquartered in Memphis, announced it has contracted with Florida-based Gemini Warehouse Inc. to handle Orgills international export logistics and consolidation operations in Jacksonville and Miami, Fla. Both locations have ...

23. Archived Article: Back - Union Planters completes Union Planters completes Magna, Peoples acquisitions Union Planters Corp. announced Wednesday it has completed the acquisition of Magna Group and Peoples First Corp. The transaction with the St. Louis-based Magna, announced ...

24. Archived Article: Tenn Bank & Tr Chg - Tennessee Bank and Trust Tennessee Bank and Trust opens branch on Summer By CAMILLE H. GAMBLE The Daily News Tennessee Bank and Trust will open a new branch Monday at 4362 Summer Ave., the site of an old Union Planters branch. This will be the third...

25. Archived Article: Market Briefs - Federal Express Corp Federal Express Corp. announced an around-the-world flight designed to reduce transit times from Europe to the Middle East, Indian sub-continent and Asia. It also is the first regular express transportation service to Mumbai, In...

26. Archived Article: Memos - Laura T Laura T. Todd has joined the Bank of Collierville as mortgage loan officer. Formerly with First Tennessee Mortgage in Collierville, she has been in mortgage banking for more than 14 years. Todd is a graduate of the University of Mississippi ...

27. Archived Article: Back Filler - back filler First Federal Bank opens branch in Fayette County The Bank of Fayette County, a branch of First Federal Bank, opened for business Wednesday at 7072 Highway 64 in the Oakland Mall. "Community banking is what this step is all about,&q...