Editorial Results (free)
1.
Pinnacle Keeps Ramping Up in Memphis -
Friday, July 29, 2016
Pinnacle Financial Partners has been steadily ramping up its presence in Memphis since entering the market last year via its acquisition of Memphis-based Magna Bank.
2.
First Tennessee Eyes More Regional Business With Executive Promotions -
Saturday, June 4, 2016
First Tennessee Bank has made a few changes to its Memphis-area leadership team that give new and expanded responsibilities to a pair of longtime bank executives.
3.
Tennessee Leads the Nation in Bankruptcies -
Saturday, May 7, 2016
Tennessee has a model program for financial literacy in its public schools. All high school students must pass a personal finance course to graduate, and even kindergartners are learning about money under a new initiative to extend the curriculum to primary school.
4.
Shelby County Mortgage Market Up 10 Percent in October -
Tuesday, November 10, 2015
Shelby County’s mortgage market is now mid-way through the final quarter of the year, but, judging from the market’s performance in October, the typical year-end slowdown hasn’t materialized yet.
5.
Mortgage Market Slips 3 Percent in September -
Thursday, October 8, 2015
Though it’s been on a tear this year as rates have stayed low and supply remained somewhat thin, the Memphis-area mortgage market cooled a bit as the third quarter drew to a close.
But that’s generally to be expected, real estate professionals say, as the weather also cools and the end of the year draws near.
6.
Shelby County Mortgage Market Up 27 Percent in August -
Monday, September 14, 2015
Lenders don’t just look forward to the summer months for the arrival of warmer weather.
At institutions like Evolve Bank & Trust, the local office of which president and CEO Scott Stafford said currently has the largest mortgage pipeline in its history, mortgage lending is heating up, too.
7.
Massey Helps Grow Memphis CCIM Chapter -
Saturday, May 9, 2015
Unlike countless college students who hop from one major to another, Shawn Massey always knew he wanted to be involved in commercial real estate.
8.
BankTennessee Celebrates 80 Years in Business -
Friday, November 21, 2014
The bank got its start in 1934 as First Federal Savings and Loan Association, founded by a group of local Memphis bankers and businessmen.
In 1997, its name was changed to BankTennessee. And this year, it’s celebrating its 80th anniversary – a milestone that finds the institution as a more expansive organization, coming off one of its most successful years in 2013, with a larger geographic footprint and a much more robust suite of products and services than it started with.
9.
Contractors See Bright Days Ahead -
Saturday, July 26, 2014
After slogging their way through the deepest economic slump in more than 60 years, Memphis area contractors say the near future looks much brighter than the dark days of the recession and its immediate aftermath.
10.
Selling Memphis -
Saturday, May 24, 2014
Not too long ago, Dudley Boyd, president and CEO of National Bankers Trust, entered a conference room at the Greater Memphis Chamber’s office at the Falls Building Downtown.
11.
Economic Gardening Program Expands Reach -
Thursday, May 15, 2014
A program aimed at helping small and midsize companies grow is being expanded with the hope it will allow existing companies to extend their roots in the community.
The Economic Gardening program, which was launched as a pilot program last year to help 22 existing businesses reach the next level, is expanding to assist 25 more companies, and local officials hope the program can become a permanent fixture in the local economic development toolbox.
12.
Banner Year for East Memphis Office Space -
Monday, December 30, 2013
The Memphis office real estate market began showing signs of life in 2013, with the market for Class A office space in the East Memphis submarket fueling the resurgence.
While the city’s overall office market numbers may not appear very strong, the city’s most desired office submarket – East Memphis around Poplar Avenue and Interstate 240 – began showing strong signs of improvement in the second half of the year.
13.
Out-of-Town Banks Target Memphis for Growth -
Saturday, December 14, 2013
More than 40 percent of the customer deposit share in the Memphis-area banking market belongs to institutions that have a presence here but are based outside the area, the latest figures from the Federal Deposit Insurance Corp show.
14.
Commercial Real Estate Market Reawakens -
Saturday, November 9, 2013
After suffering through a prolonged slump, the Memphis commercial real estate market this year began to shake off the rust that gathered during the “Great Recession,” and brighter days could be ahead for the prime markets in the apartment, retail, office and industrial sectors, according to local experts.
15.
Memphis Economic Indicator Shows Business Optimism -
Friday, October 25, 2013
The results of the second Memphis Economic Indicator, a new survey measuring general business sentiment jointly produced by The Daily News and Dixon Hughes Goodman LLP, reflect a modest overall improvement in optimism among business leaders compared to last quarter’s survey results.
16.
Office Team Helps Colliers Expand Local Footprint -
Friday, October 4, 2013
As a part of the Colliers International office in Memphis’ growth strategy, the brokerage office has been expanding its presence in the office sector over the past year by adding a new office team consisting of Frazier Baker and Will Barden.
17.
National Bankers Trust Receives Tax Break for Relocation -
Saturday, September 21, 2013
National Bankers Trust Corp. received approval Wednesday for a four-year tax break to create 43 new jobs and invest $6 million in a new corporate headquarters in East Memphis.
18.
National Bankers Trust Receives Tax Break for Relocation -
Friday, September 20, 2013
National Bankers Trust Corp. received approval Wednesday for a four-year tax break to create 43 new jobs and invest $6 million in a new corporate headquarters in East Memphis.
19.
National Bankers Trust Seeks to Move Headquarters -
Tuesday, September 17, 2013
National Bankers Trust Corp. is seeking a four-year tax break to create 43 new jobs and invest $6 million in a new corporate headquarters in East Memphis.
20.
Mortgage Gains Point to Solid 2013 -
Tuesday, January 15, 2013
Shelby County’s mortgage market made decent strides during the past 12 months, posting gains over 2011 and foreshadowing a healthy 2013.
Banks and mortgage lenders made 8,028 purchase mortgages in Shelby County during 2012, a 17 percent improvement from the 6,862 mortgages during 2011, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.
21.
Triumph Bank’s Mantra: Say ‘Yes’ to Customer -
Monday, February 27, 2012
Entrepreneurs get in the game for many different reasons. They do it to make money, certainly, and to maintain a degree of control over that money and their professional lives.
For many, though, there is an urge to participate within and for a community they understand, live and work in. These are the reasons Triumph Bank was founded, and why their board, 15-strong, is made up, not of bankers per se, but of entrepreneurs.
22.
Privatization Thoughts Highlight Changes -
Monday, February 27, 2012
Here’s a roundup of what some of the city’s banks and bankers, investment professionals, mortgage brokers, asset management firms and other financial services shops have been up to in recent weeks.
23.
Local Companies Working to Navigate Economic Straits -
Monday, June 13, 2011
The financial services business seems like a tough one to be in these days.
Investors have for the last few weeks treated bank stocks like the piñata of Wall Street. Bankers, attorneys and investment professionals have boiled a massive government overhaul of the country’s financial regulations down to clipped phrases like “finreg” and “Dodd-Frank” that they speak of often with a grumble or a shaking of the head.
24.
New CFO Latest Sign Of Growth At Evolve -
Wednesday, April 6, 2011
Memphis-based Evolve Financial Group has brought a new chief financial officer on board.
Howard Lasley, who has more than 30 years’ experience in financial services and has worked in the banking, thrift, investment and mortgage banking spheres, has joined a company with three primary business divisions, 220 employees at year-end, 22 mortgage offices and five full-service bank branches in Arkansas and Tennessee.
25.
Local Office Latest Proof Of M&P’s Growth Mode -
Thursday, February 24, 2011
Merchants & Planters Bank has something in common with a few of its local lending peers like BankTennessee and Evolve Bank & Trust.
26.
Mortgages Drop 11 Percent in 2010 -
Tuesday, January 11, 2011
Banks and mortgage lenders made 7,493 purchase mortgages in Shelby County during 2010, a year in which the housing market saw the expiration of a homebuyer tax credit but was helped by continued record-low rates.
27.
Mortgages Plummet 24 Percent -
Tuesday, October 12, 2010
If the quarterly period between July and September had been a normal one for the local housing market – or even one characterized by recovery – homebuyers should have been lining up to take advantage of plummeting mortgage rates.
28.
Little Guys, Big Guys -
Monday, February 22, 2010
No one would mistake a local institution like Tri-State Bank for one of Wall Street’s mighty titans of finance, whose recent woes brought the U.S. and world economies to their knees.
29.
Mortgage Originator Not Consumed by Industry Woes -
Monday, January 4, 2010
The road Sam Goff took to his current position as mortgage originator at Evolve Bank and Trust has been a long and winding one, to say the least.
30.
Hot Flavor: Plain Vanilla -
Friday, July 17, 2009
The Federal Reserve Bank of San Francisco in April reached an agreement with a bank holding company there limiting its activities in several areas, including the payment of dividends.
31.
Banking Community Awaits More Scrutiny From Washington -
Monday, July 6, 2009
Lawmakers in Washington are talking about new rules for a broad swath of financial companies and their transactions with customers.
Memphis bankers such as Hunt Campbell, president and CEO of First Alliance Bank, and Will Chase, CEO of Triumph Bank, are leery about what they’ll come up with. Both men regard the Washington establishment’s general response to new wrinkles in the credit crisis as regulatory overreach.
32.
Year of ‘Havoc’ For Residential Real Estate -
Friday, February 20, 2009
The housing market is in desperate need of a shot in the arm, but only time will tell if the $787 billion economic stimulus bill signed into law this week by President Barack Obama will have a positive impact on real estate.
33.
Mortgage Bankers Aflutter Over Refi Boom -
Thursday, January 15, 2009
The new year brought new hope for the embattled mortgage industry, but it also brought a continuation of low interest rates, which has spurred a refinancing boom unlike any in recent memory in Memphis and elsewhere.
34.
FHA Loans Take Lion’s Share of Mortgage Activity -
Friday, December 26, 2008
As the mortgage industry closes the book on an abysmal year, it can thank the Federal Housing Administration for being one of the few bright spots of 2008.
Through Oct. 31, home loans insured by FHA in Shelby County increased 226 percent – twice the national average – compared to last year. Also, they accounted for 28.9 percent of all mortgages as lenders reacted to the subprime fallout of 2007-2008.
35.
Banks Wage Rate War for Deposits -
Monday, November 17, 2008
Banks across the U.S. are engaged in a heated competition for deposits as the battered industry tries to shore up its funding sources.
From giant Citigroup Inc. to tiny S&T Bancorp Inc. – which is based in Indiana, Pa. and has just 55 branches – banks are responding to uncertain times by sharply increasing the interest rates paid on deposits.
36.
Mortgage Bankers Anticipate More Activity -
Monday, September 22, 2008
The phone has been ringing nonstop for Sam Goff, mortgage loan originator for Evolve Mortgage and vice president of the Memphis Mortgage Bankers Association (MMBA).
With the recent drop of interest rates on the heels of the Fannie Mae and Freddie Mac crisis, Goff’s mortgage clients are calling to see if refinancing their mortgages might be a good idea.
37.
Q2 Mortgage Filings Down 31% -
Tuesday, July 15, 2008
As the U.S. prepares for a presidential election and looks forward to the Olympics in China, the year strikes an uncanny resemblance to 1988, when George H.W. Bush won the White House and Seoul, South Korea, hosted the Summer Games.
38.
Mortgages Up, National, Local Reports Show -
Monday, July 14, 2008
Federal Reserve Chairman Ben Bernanke said in a speech given last week at a Federal Deposit Insurance Corp. conference in Virginia that the Fed is unveiling new policies this week that will provide a salve to the bruised mortgage market.
39.
FHA Loans Skyrocket in Shelby County -
Monday, June 9, 2008
As a result of tighter lending guidelines in the mortgage industry, home loans by the Federal Housing Administration (FHA) have skyrocketed in 2008, and their rapid rise could be a savior for the housing market.
40.
Mortgage Industry Gets Sound Drubbing -
Wednesday, March 12, 2008
The mortgage industry continued to get knocked around this week, absorbing a flurry of punches on both the national and local fronts.
First, various media outlets reported that Countrywide Financial Corp., the nation's largest mortgage lender, is being investigated by the FBI for securities fraud.
41.
Survey: Community Banks Optimistic on Mortgages -
Monday, February 25, 2008
WASHINGTON (AP) - Smaller banks nationwide were "mildly optimistic" a few months ago about increasing mortgage lending this year because they have largely avoided the high-risk loan business, a survey released last week shows.
42.
Banks, Trust Cos. Top Shelby Home Sellers -
Friday, February 22, 2008
Of all the residential real estate storylines from the past year, perhaps the most intriguing was how trust companies and banks - not builders - wound up being the top home sellers in Shelby County.
43.
Year of the 'Tailspin' -
Tuesday, January 15, 2008
Like victims of a car accident, mortgage company executives might be checking body parts to make sure everything is intact. That's because 2007 turned into a multi-vehicle pileup for the industry - and not everyone survived.
44.
Some Banks may be Poised to Gain Mortgage Business Amid Housing Industry's Troubles -
Friday, August 24, 2007
WASHINGTON (AP) - Where other lending executives see misfortune, Ronald Hermance sees a chance to grab business from the competition.
Hermance's bank, Hudson City Bancorp Inc., a regional savings and loan in Paramus, N.J., with $50 billion in assets, is handling a 25 percent increase in mortgage applications this year, even as investors stay away from nearly all types of home loans.
45.
Senior Crime Foundation Chair Grooms New Recruit to Replace Him After Retirement -
Tuesday, January 9, 2007
The highlight of Charles King III's professional career occurred at a nursing home in Lousiana a few years ago.
King was touring the facility when one of the residents, a Mr. Bellows, who formerly had lived in a nursing home in Texas, approached the woman showing King around and asked if he'd be getting a lockbox like the one he'd used at the other facility.
46.
Archived Article: Financial Planning (lead) -
Wednesday, August 25, 2004
Free Services Bring More to Financial Future Added Services Help Banks Compete
No-cost services result in customer loyalty, bankers say
LANCE ALLAN
The Daily News
As the Memphis banking scene continues to experience changes brought ab...
47.
Archived Article: Real Review -
Tuesday, April 22, 2003
Housing boom to fade, not burn out Housing boom to fade, not burn out
The boom times may be fading for the U.S. housing market, but activity should wind down gradually from record levels rather than end in a bust, economists, builders and real...
48.
Archived Article: Real Focus -
Tuesday, April 15, 2003
Lawmakers, legitimate lenders take aim Lawmakers, legitimate lenders take aim at predatory practices
By STACEY WIEDOWER
The Daily News
Testifying before a study group formed by the Tennessee General Assembly to combat predatory lending, ...
49.
Archived Article: Mortgages (lead) -
Friday, January 10, 2003
2002 mortgage activity booms, could slow in 03 2002 mortgage activity booms, could slow in 03
By STACEY WIEDOWER
The Daily News
Sustained low interest rates continue to drive homebuyers and homeowners to mortgage lending offices around t...
50.
Archived Article: Banks (back) -
Monday, May 24, 1999
NCBC earns honors among top NCBC earns honors among top bank financial performers BankINVESTOR, a publication of SNL Securities LC, has released its first-ever performance rankings of the 100 largest publicly traded banks in the United States. North...51.
Archived Article: Landmarks Comm -
Wednesday, March 10, 1999
By LAURIE JOHNSON Landmarks to discuss threats to brewery, shotgun homes By LAURIE JOHNSON The Daily News Despite local preservation groups contributions of time and talent, two historic Memphis properties still may face possible demolition. The Mem...52.
Archived Article: Memos -
Wednesday, May 20, 1998
Susan Wade Stinson has been named vice president of construction and maintenance at Memphis Light, Gas and Water Division. Stinson has served as manager of MLGWs Hickory Hill Service Center since 1986. He is a graduate of the University of Mississip...53.
Archived Article: Memos -
Wednesday, November 26, 1997
Dr. Herb McCree was appointed coordinator of the University of Memphis' extended programs in northwest Tennessee. A retiree from the U.S. Navy, he received an associate's degree from State Technical Institute, a bachelor's degree from Southern Illin...54.
Archived Article: Memos -
Wednesday, May 21, 1997
Bill Wilson Jr Bill Wilson Jr. and Linda B. Ward have joined the mortgage lending department of Victory Bank. Wilson has been named senior loan officer of mortgage lending. He previously was a loan officer at Community Mortgage Corp. Ward has joined...55.
Archived Article: Inv Focus -
Monday, June 24, 1996
The Tennssee commissioner for financial institutions, insurance and commerce issued a joint memo last week that brings state rules in line with a recent U.S. Supreme Court ruling that allows banks to sell insurance in towns of less than 5,000 people...56.
Archived Article: Inv Briefs -
Monday, February 5, 1996
02/05 Inv briefs Back Yard Burgers Inc. announced that the company will incur a non-cash charge which will affect earnings for the fourth quarter of 1995. The charge of about $2.6 million, or 57 cents per share, is being taken as a result of the com...57.
Archived Article: Inv Briefs -
Monday, January 29, 1996
01/29 Inv briefs The Mid-South Society of the Institute of Certified Financial Planners will hold its monthly luncheon meeting on Feb. 7 at 11:45 a.m. at the Racquet Club. Robert M. Crowe, a financial consultant, writer and educator, will speak on t...