Editorial Results (free)
1.
FedEx Ramps Up Ground Operations with Plans for More Employees, Longer Workweek -
Wednesday, September 12, 2018
E-commerce growth is driving FedEx’s plans to add 55,000 employees this holiday season, increase workers’ hours and permanently run its U.S. ground parcel operation six days a week.
The Memphis-based company announced the moves Wednesday, Sept. 12, as it ramps up for what’s expected to be another record package volume during the peak season from Thanksgiving to Christmas.
2.
FHN Names Dawn Morris to Chief Digital Banking/Marketing Post -
Tuesday, September 11, 2018
First Horizon National Corp. has named Dawn Morris executive vice president, chief digital banking and marketing officer.
3.
Trump Administration Orders Closure of Palestinian office -
Tuesday, September 11, 2018
WASHINGTON (AP) — The Trump administration ordered the closure of the Palestinian diplomatic mission in Washington on Monday and threatened sanctions against the International Criminal Court if it pursues investigations against the U.S., Israel, or other allies. The moves are likely to harden Palestinian resistance to the U.S. role as a peace broker.
4.
U.S. Ends Funding of UN Agency for Palestinian Refugees -
Monday, September 3, 2018
WASHINGTON (AP) — The United States is ending its decades of funding for the U.N. agency that helps Palestinian refugees, the State Department announced Friday, a week after slashing bilateral U.S. aid for projects in the West Bank and Gaza.
5.
Memphis City Council Considers Surface Parking Lot at Main and Beale -
Tuesday, August 28, 2018
Memphis City Council members vote Tuesday, Aug. 28, on a special-use permit to turn the land on the northeast corner of South Main Street and Beale Street into a surface parking lot with landscaping.
6.
Powell Signals More Hikes Ahead If US Economy Stays Strong -
Monday, August 27, 2018
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell signaled Friday that he expects the Fed to continue gradually raising interest rates if the U.S. economic expansion remains strong.
7.
Why Local One Commerce Square Owners Are Selling to Out-of-State Investors -
Wednesday, August 15, 2018
After successfully renovating the 29-story iBank Tower in Downtown Memphis, the work is done for a group of prominent Memphis investors as they prepare to sell the office building to a new owner with deeper pockets.
8.
Following Merger, First Tennessee Executive Encourages Memphians to Embrace Change -
Friday, July 20, 2018
Sometimes, your career chooses you. For Darin Johnson, he always knew he wanted to combine his love of numbers and people. “Since I was a kid, I’ve loved numbers,” Johnson said. “In fact, we didn’t have voicemail when I was a kid, so I would memorize everyone who would call and all of their numbers."
9.
First Horizon Reports Strong Q2 as Capital Bank Merger Wraps Up -
Wednesday, July 18, 2018
With the Capital Bank merger and integration complete, Memphis-based First Horizon National Corp. is now the fourth-largest bank in the Southeast, boasting roughly 300 branches and $40 billion in assets.
10.
First Horizon Promotes Johnson to Senior VP -
Saturday, July 7, 2018
First Horizon National Corp., First Tennessee Bank’s parent company, has promoted Darin Johnson to senior vice president and credit risk manager for government lending programs.
11.
Pathways to Growth -
Saturday, July 7, 2018
A group of nonprofits and banks have created a program to increase lending to Memphis-area minority- and women-owned businesses. Last month, entrepreneurial hub Epicenter and Pathway Lending launched the $15 million Memphis Small Business Opportunity Loan Fund, which is aimed at helping small businesses improve their access to capital.
12.
Energy, Consumer Goods Companies Lead US Stocks Mostly Lower -
Tuesday, July 3, 2018
Major U.S. stock indexes recovered most of their early losses in late-afternoon trading Monday, as gains by technology stocks and banks offset losses by energy and consumer goods companies. Big department store chains also declined. Investors' jitters over escalating global trade tensions and weak economic data from Asia still weighed on the stock market, which has posted two weekly losses in a row.
13.
First Horizon Promotes Johnson to Senior VP -
Tuesday, July 3, 2018
First Horizon National Corp., First Tennessee Bank’s parent company, has promoted Darin Johnson to senior vice president and credit risk manager for government lending programs.
14.
Verizon, AT&T to End Location Data Sales to Brokers -
Wednesday, June 20, 2018
Verizon and AT&T have pledged to stop providing information on phone owners' locations to data brokers, stepping back from a business practice that has drawn criticism for endangering privacy.
The data has apparently allowed outside companies to pinpoint the location of wireless devices without their owners' knowledge or consent. Verizon said that about 75 companies have been obtaining its customer data from two little-known California-based brokers that Verizon supplies directly – LocationSmart and Zumigo
15.
Women- & Minority-Owned Biz Loan Fund Launches -
Saturday, June 16, 2018
A $15 million small-business loan fund announced Monday, June 11, is aimed at improving access to capital for minority- and women-owned businesses in the Memphis area.
The loan fund is a partnership between Pathway Lending, a nonprofit regional community development financial institution, and Epicenter, the nonprofit entrepreneurial hub organization. Pinnacle Financial Partners, First Tennessee and Regions Bank are providing the initial capitalization of the Memphis Small Business Opportunity Loan Fund.
16.
New Loan Fund Launches For Women-, Minority-Owned Biz -
Wednesday, June 13, 2018
A $15 million small-business loan fund announced Monday, June 11, is aimed at improving access to capital for minority- and women-owned businesses in the Memphis area.
The loan fund is a partnership between Pathway Lending, a nonprofit regional community development financial institution, and Epicenter, the nonprofit entrepreneurial hub organization. Pinnacle Financial Partners, First Tennessee and Regions Bank are providing the initial capitalization of the Memphis Small Business Opportunity Loan Fund.
17.
New Loan Fund for Minority, Women-Owned Businesses Starts with $15M -
Monday, June 11, 2018
A $15-million small business loan fund announced Monday, June 11, is aimed at improving access to capital for minority and women-owned businesses in the Memphis area.
The loan fund is a partnership among Pathway Lending, a nonprofit regional Community Development Financial Institution and Epicenter, the nonprofit entrepreneurial hub organization. Pinnacle Financial Partners, First Tennessee and Regions Bank are providing the initial capitalization of the Memphis Small Business Opportunity Loan Fund.
18.
New Banking Law A Step Forward For Community Banks -
Tuesday, June 5, 2018
Tennessee’s banks help our communities in the Volunteer State flourish. Small-business owners count on banks to provide the loans they need to succeed. Consumers depend on these financial institutions when they need a mortgage or car loan.
19.
First Horizon’s Flippin: $4B Initiative ‘Laser-Focused on Helping People’ -
Saturday, June 2, 2018
Since joining First Horizon National Corp. as executive vice president and chief communications officer in January, Candace Steele Flippin has met with community leaders and organizations to identify areas that are prime candidates for the bank’s recently announced Community Benefit Plan. This $4 billion, five-year initiative earmarks funds for small-business loans, home loans, and community development in low- to moderate-income areas within the bank’s footprint.
20.
Op-Ed: New Banking Law a Step Forward for Community Banks -
Saturday, June 2, 2018
Tennessee’s banks help our communities in the Volunteer State flourish. Small-business owners count on banks to provide the loans they need to succeed. Consumers depend on these financial institutions when they need a mortgage or car loan.
21.
Last Word: Kim Kardashian's Plea, The Duran Stay and Mid-Term Moves -
Thursday, May 31, 2018
A drug case from Memphis federal court in the early 1990s was the reason Kim Kardashian West was at the White House Wednesday. Kardashian West is among those pushing for a presidential pardon for Alice Marie Johnson – serving a life sentence on a federal drug and money laundering conviction. Here is the Associated Press story.
22.
Trump Signs Bill Easing Post-2008 Crisis Restraints on Banks -
Friday, May 25, 2018
WASHINGTON (AP) – President Donald Trump on Thursday signed into law a measure that loosens key restraints for banks imposed after the 2008 financial crisis and Great Recession. Savoring the legislative triumph, he called it "the next step in America's unprecedented economic comeback."
23.
Congress Nears Dismantling of Post-Crisis Bank Rules -
Wednesday, May 23, 2018
WASHINGTON (AP) – Congress was taking a final step Tuesday toward dismantling a chunk of the rules framework for banks installed to prevent a recurrence of the 2008 financial crisis that brought millions of lost jobs and foreclosed homes.
24.
Fed's Powell: Rate Hikes Should Not Upend the Global Economy -
Wednesday, May 9, 2018
WASHINGTON (AP) – Moves by the Fed and other major central banks to raise interest rates after a long period of keeping them low should not be disruptive to the global economy, Federal Reserve Chairman Jerome Powell said Tuesday.
25.
First Tennessee to Lay Off 58 in Greene County -
Saturday, May 5, 2018
First Tennessee Bank is laying off a few dozen employees in Greene County, Tennessee, a move that’s related to the bank’s merger with Capital Bank Financial Corp.
26.
First Tennessee to Lay Off 58 in Greeneville -
Thursday, May 3, 2018
First Tennessee Bank is laying off a few dozen employees in Greene County, Tennessee, a move that’s related to the bank’s merger with Capital Bank Financial Corp.
27.
First Tennessee Laying Off 58 in Greeneville -
Wednesday, May 2, 2018
First Tennessee Bank is laying off a few dozen employees in Greene County, Tennessee, a move that’s related to the bank’s merger with Capital Bank Financial Corp.
The layoffs come as First Tennessee has consolidated operations at the locations that remain in Greene County after First Tennessee and Capital Bank jointly agreed to divest two branches.
28.
First Tennessee to Put $4B In Community Investment -
Saturday, April 14, 2018
Memphis-based First Tennessee Bank, along with its newly acquired Capital Bank, are launching a five-year, nearly $4 billion effort to expand the availability of financial resources in low- to moderate-income communities across an eight-state footprint.
29.
First Horizon Starts Off 2018 With Strong Q1 Results -
Monday, April 16, 2018
The first full quarter with Capital Bank integrated into the operations of Memphis-based First Horizon National Corp. saw a pickup year-over-year in several key areas like loans, deposits and growth in net income.
30.
First Tennessee Bank Launching $4 Billion Community Investment Effort -
Tuesday, April 10, 2018
Memphis-based First Tennessee Bank, along with its newly acquired Capital Bank, are launching a five-year, nearly $4 billion effort to expand the availability of financial resources in low- to moderate-income communities across an 8-state footprint.
31.
Former FHN Communications Chief Launches New Venture -
Wednesday, April 4, 2018
Back in the summer, Memphis-based First Tennessee Bank was listed as the fifth most reputable bank in the nation in a report from the industry-focused news publication “American Banker.”
32.
Trey Carter Honored Among Top 35 Millennial Influencers -
Wednesday, March 7, 2018
Patrick “Trey” Carter III has been named one of the Top 35 Millennial Influencers in the Country by the Next Big Thing Movement, a global network of more than 20,000 young professionals and creatives. Carter, president of Olympic Career Training Institute and an active community volunteer, is the only Tennessean to be included on the list. He will be honored Saturday, March 10, at NBTM’s Forward Conference in New York City alongside other influencers, including “The Daily Show” host Trevor Noah, Teen Vogue editor Elaine Welteroth and YouTube vlogger Tyler Oakley.
33.
Senate Poised to Ease Dodd-Frank Rules for Most Banks -
Tuesday, March 6, 2018
WASHINGTON (AP) – Ten years after a financial crisis rocked the nation's economy, the Senate is poised to pass legislation that would roll back some of the safeguards Congress put into place to prevent a relapse.
34.
Year of Milestones, Major News for First Horizon -
Thursday, March 1, 2018
Ahead of its annual meeting of shareholders next month, First Tennessee Bank announced this week customers had given it top grades in the Phoenix-Hecht 2018 Quality Index for Middle Market Banking, an index that includes businesses with revenue between $20 million and $500 million.
35.
RBG Promotes Callicutt To Audit Partner -
Wednesday, February 28, 2018
Accounting firm Reynolds, Bone & Griesbeck PLC recently promoted Joseph D. Callicutt Jr. to audit partner from the position of senior audit manager. Callicutt, a certified public accountant and 10-year RBG employee, works exclusively in the financial institutions industry niche and oversees audit, tax and consulting services, including outsourced internal audit, interest rate risk management, bank profitability and efficiency, and strategic planning facilitation for RBG’s financial institution clients.
36.
Not Your Father’s Office Building -
Saturday, February 24, 2018
2017 was a big year for Clark Tower, with more than $9 million in physical improvements. But perhaps one of the biggest changes to the 34-story East Memphis office tower, located at 5100 Poplar Ave., is a change in perception.
37.
Investors are Winners as Companies Lay Out Tax-Saving Plans -
Wednesday, February 21, 2018
NEW YORK (AP) – It's just what the GOP said we'd hear from a CEO after being handed a big tax break.
But when Charles Scharf announced plans last month to spend his company's tax savings on higher wages and technology, investors began selling.
38.
First Tennessee Parent Company Caps Busy Fourth Quarter and 2017 -
Monday, January 22, 2018
Investors and analysts who cover the Memphis-based publicly traded parent company of First Tennessee Bank had a lot of news to digest during the bank’s fourth quarter.
39.
Memphis Hilton Sale, New FedEx Hub Building Highlight Busy Week -
Monday, January 15, 2018
939 Ridge Lake Blvd.
Memphis, TN 38120
Sale Amount: $31 million
Sale Date: Jan. 3, 2018
Buyer: Linchris Hotel Corp.
Seller: Davidson Hotels and Resorts
40.
Companies Boost Wages and More Post-Tax Reform -
Monday, January 8, 2018
Dozens of companies, many with ties to Memphis, have pledged a series of actions that include one-time employee bonuses, charitable spending and 401(k) contribution increases, among other steps, in response to savings they expect to see from recently enacted Republican tax cuts.
41.
Memphis Experts See Economic Growth Building Off 2017 Into 2018 -
Saturday, January 6, 2018
With resolutions made and the new year now, another annual exercise rises to the forefront – predictions on what Memphis and its economy can expect in 2018.
If 2017 taught us anything, it’s that there’s so much we won’t be able to even remotely see coming, from Memphis bidding to become the potential home for Amazon’s second headquarters to action finally being taken on the Confederate monuments in city parks and so much more.
42.
Citing US Tax Reform Bill, First Horizon Pays Bonuses -
Saturday, December 30, 2017
First Tennessee Bank’s parent company has joined other major U.S. employers like AT&T and Comcast in pledging bonuses for employees in the wake of the recent tax reform legislation passed by Congress.
43.
Citing US Tax Reform Bill, First Horizon Pledges Bonuses -
Wednesday, December 27, 2017
First Tennessee Bank’s parent company has joined other major U.S. employers like AT&T and Comcast in pledging bonuses for employees in the wake of the recent tax reform legislation passed by Congress.
44.
Citing Tax Reform Bill, First Tennessee Parent Co. Announces $1,000 Bonuses -
Tuesday, December 26, 2017
First Tennessee Bank’s parent company has joined other major U.S. employers like AT&T and Comcast in pledging bonuses for employees in the wake of the recent tax reform legislation passed by Congress.
45.
2017 a Year of Expansion for Memphis Banks -
Wednesday, December 20, 2017
The biggest banks in Memphis made aggressive pushes this year to raise their profiles and expand footprints, as competition in the sector heats up and the industry continues winning back the strength it enjoyed before the bust of 2008.
46.
First Horizon Foresees Bigger Savings from Capital Bank Deal -
Thursday, December 14, 2017
The parent company of First Tennessee Bank thinks it will save even more money than originally thought after its acquisition of North Carolina-based Capital Bank Financial Corp.
47.
Out-of-Town Investors Buy Gibson Guitar Factory -
Monday, December 11, 2017
145 Lt. George W. Lee Ave., Memphis, TN 38103: Investment firms in New York and Miami have purchased the Gibson Guitar Factory property in Downtown Memphis and an additional warehouse Gibson Brands Inc. owns in Nashville.
48.
First Horizon, Capital Complete $2.2B Merger -
Tuesday, December 5, 2017
The $2.2 billion deal between Memphis-based First Horizon National Corp. and Capital Bank Financial Corp. of Charlotte, North Carolina, has been completed, creating the fourth-largest regional bank in the Southeast.
49.
Last Word: Grizz Ownership Moves, Confederate Deadline and Medical Family Tree -
Monday, December 4, 2017
As many of us were focused on Tigers football and the journey to Orlando last week, there was word that either both or one of the two minority owners of the Grizz had exercised a buy-sell provision in the NBA team’s unique ownership agreement. And what could be a fight for control of the team’s ownership is underway. The sports website The Athletic broke the story last Thursday. Here it is. It also talks about the timing of this coming with the controversial sacking of David Fizdale, an interim coach at the helm of a changing team and lead owner Robert Pera’s lack of visibility in all things Grizz around the city.
50.
First Horizon-Capital Bank Merger Now Complete -
Monday, December 4, 2017
The parent company of First Tennessee Bank will end 2017 as a significantly larger institution, with billions more in assets, deposits and loans, thanks to the completion Nov. 30 of its merger with Charlotte, North Carolina-based Capital Bank Financial Corp.
51.
First Horizon, Capital Bank Divest Two Branches -
Saturday, December 2, 2017
The parent company of First Tennessee Bank and Charlotte, North Carolina-based Capital Bank Financial Corp. have jointly agreed to sell two Capital Bank branches in East Tennessee to Apex Bank.
52.
Powell Casts Himself as a Figure of Stability for the Fed -
Wednesday, November 29, 2017
WASHINGTON (AP) – Jerome Powell says that if confirmed as the next chairman of the Federal Reserve, he expects the Fed to continue raising interest rates gradually to support its twin goals of maximum employment and stable prices.
53.
First Horizon, Capital Bank Divest Two Branches -
Tuesday, November 28, 2017
The parent company of First Tennessee Bank and Charlotte, North Carolina-based Capital Bank Financial Corp. have jointly agreed to sell two Capital Bank branches in East Tennessee to Apex Bank.
54.
Destined for Greatness -
Tuesday, November 28, 2017
A modest eight-unit apartment building in the shadows of the $200 million Crosstown Concourse may not carry the name value or financial gravitas of its massive neighbor, but for a group of local kids, it has the chance to change their lives.
55.
Fed Official: Memphis Area Banks ‘Performed Well’ in Third Quarter -
Friday, November 17, 2017
News is more positive that not these days for Memphis-based banks, according to a newly released report from the Federal Reserve Bank of St. Louis.
56.
First Tennessee Parent Company Reports Positive “Stress Test” Results -
Monday, October 23, 2017
First Horizon National Corp. has submitted the results of its annual Dodd-Frank Act Stress Test to regulators, which show that the company’s management and board believes it “would maintain capital well in excess of regulatory adequate levels under severely adverse economic and financial conditions.”
57.
Pettit Joins Food Bank As Chief Development Officer -
Wednesday, October 18, 2017
Attorney Peter Pettit has joined Mid-South Food Bank as chief development officer following his recent retirement as a partner in the Memphis office of Bass, Berry & Sims PLC. In his new role, Pettit works closely with food bank leaders to develop strategies and relationships with major gift donors, and specifically is working to complete the $12.5 million “Hunger to Hope” capital campaign.
58.
Buffett Buys Big Into Haslam Family's Pilot Flying J -
Wednesday, October 4, 2017
OMAHA, Neb. (AP) – Warren Buffett's company is acquiring a major stake in Pilot Flying J truck stops and it will take over a majority stake within about five years from the family of Cleveland Browns owner Jimmy Haslam and Tennessee Gov. Bill Haslam.
59.
Last Word: Pantographs & Catenaries, Grizz Uncertainty and Tuesdays Without Morrie -
Monday, September 25, 2017
After three years off the rails, the first significant indications that the trolleys are about to return. It was just a two-block ride that includes the Memphis Area Transit Authority trolley barn on North Main and one very new trolley. But it is a start through what is a very technical and bureaucratic process involving lots of safety vests, clipboards and video cameras.
60.
First Horizon CEO: Banking Industry Needs Consolidation -
Monday, September 25, 2017
The CEO of First Tennessee Bank’s parent company told attendees of a financial conference in New York City in recent days that the banking industry could benefit from more consolidation.
61.
Panel: Memphis a Food Town in Which Restaurants Build Community -
Monday, September 18, 2017
High Cotton Brewing Co. co-founder Brice Timmons has a quote he jokingly uses to describe the life of a beer brewer in Memphis.
62.
ICCC Program Attracts Local Business Owners -
Thursday, August 31, 2017
More than 100 local entrepreneurs received mentoring and coaching on Tuesday, Aug. 29, to help them grow their small businesses. The Inner City Capital Connections program at the FedEx Institute of Technology on the University of Memphis campus returned after first coming to Memphis in August 2014.
63.
Inner City Capital Connections Program Attracts Local Business Owners -
Wednesday, August 30, 2017
More than 100 local entrepreneurs received mentoring and coaching on Tuesday, Aug. 29, to help them grow their small businesses.
The Inner City Capital Connections program at the FedEx Institute of Technology on the University of Memphis campus returned after first coming to Memphis in August 2014. The ICCC program was developed by the Initiative for a Competitive Inner City (ICIC), a nonprofit research and strategy organization.
64.
Financial Services Firm Inks Deal At Clark Tower -
Wednesday, August 30, 2017
According to multiple sources close to the deal, the Memphis arm of MassMutual will merge with a Nashville-based financial group and move its combined operations into the 23rd floor of the Clark Tower.
65.
New Tenant to Take 23rd Floor of Clark Tower -
Tuesday, August 29, 2017
According to multiple sources close to the deal, the Memphis arm of MassMutual will merge with a Nashville-based financial group and move its combined operations into the 23rd floor of the Clark Tower.
66.
Regions, FedEx Backing Business Seminar -
Monday, August 28, 2017
Regions Bank is joining FedEx Corp. to provide financial backing for a seminar for business owners this week that will include 20 Regions bankers providing customized business coaching for entrepreneurs.
67.
Yellen Defends Bank Regulations Passed After 2008 Crisis -
Monday, August 28, 2017
JACKSON HOLE, Wyoming (AP) – Federal Reserve Chair Janet Yellen on Friday emphatically defended the web of regulations the Fed helped enact after the 2008 financial crisis, saying it helped restore the banking system's health and disputing criticism that the rules have hurt lending.
68.
Cordova Apartment Community Sells for $27.9M -
Thursday, August 10, 2017
The Charleston, a 284-unit apartment community on the east side of Houston Levee Road just south of U.S. 64, has sold for $27.9 million, marking a new chapter for a property that was built just last year.
69.
Cordova Apartment Community Sells for $27.9M -
Friday, August 4, 2017
The Charleston, a 284-unit apartment community on the east side of Houston Levee Road just south of U.S. 64, has sold for $27.9 million, marking a new chapter for a property that was built just last year.
70.
Trump Choice for Fed Board Says He Likes Rule Change Ideas -
Friday, July 28, 2017
WASHINGTON (AP) – Randal Quarles, President Donald Trump's nominee for the Federal Reserve Board, says he likes a predecessor's ideas for where regulators should prune banking rules.
71.
Wall Street's Goldman Sachs Moves Quietly Into Main Street -
Wednesday, July 19, 2017
NEW YORK (AP) – More homeowner, less hedge fund titan. Goldman Sachs, long known for its super-rich clients and well-connected executives, is starting to act a lot more like a neighborhood bank.
72.
First Horizon Sees Growth in Second Quarter -
Saturday, July 15, 2017
First Tennessee Bank’s parent company saw net income climb 61 percent in the second quarter and First Tennessee itself announced the largest merger in its history, but company chairman and CEO Bryan Jordan characterized the period for analysts pretty much the way he always does during earnings presentations.
73.
Last Word: The List Lawsuit, Charlie Morris on 1939 and New Rules for Democrats -
Thursday, July 6, 2017
This looks like the end of Grit ‘n’ Grind as we wait for the other shoe to drop following Zach Randolph’s exit from the Grizzlies to Sacramento. There were a lot of rumors Wednesday, the day after Randolph’s $24 million free agency deal, including some about Marc Gasol and the Celtics. And then Tony Allen dropped a Grizz reference from his Twitter account causing even more speculation.
74.
Chamber Names 2017 Young Memphian Winners -
Friday, June 23, 2017
The Greater Memphis Chamber has announced its official 2017 Young Memphians list, which will be featured in the summer issue of Memphis Crossroads Magazine.
Nominations for the Young Memphians award were submitted via the chamber’s website, social media outlets and email. All nominees must be under 40 and a member of the Greater Memphis Chamber.
75.
Many Businesses Not Prepared for Cyber Attacks -
Thursday, June 22, 2017
While most local businesses believe a cyber attack or hack could significantly impact their bottom lines, many are not adequately prepared, according to a recent survey by SunTrust Bank.
76.
Last Word: Disaster Paperwork, The Whitehaven Plan and Juvenile Justice -
Thursday, June 15, 2017
On its way to Washington is the paperwork for a federal disaster declaration sent Wednesday by Tennessee Gov. Bill Haslam. It includes Shelby County and 11 other Tennessee counties. This is essentially federal funding that will reimburse local government for money they spend up front for these kinds of disasters. The state’s request also includes a call for individual assistance to Shelby County homeowners and business owners whose property was damaged in the Memorial Day weekend storms.
77.
First Horizon CFO Talks Capital Bank Merger -
Thursday, June 15, 2017
First Tennessee Bank’s parent company is a $30 billion financial institution that’s put its cash to work the last few years by buying back almost 10 percent of its shares and pursuing smaller mergers and acquisitions.
78.
Bank On Memphis Effort in National Spotlight -
Friday, May 26, 2017
Shelby County Trustee David Lenoir was in the nation’s capital this week, speaking by invitation on a panel at the 2017 Bank On national conference in Washington, D.C.
79.
Medical District Apartments Sell for $5.2 Million -
Thursday, May 25, 2017
A medical district apartment switches hands in a multimillion-dollar deal, a Downtown developer plans an apartment complex near FedExForum, and a California investor buys a local industrial portfolio. Details in this week’s Real Estate Recap...
80.
Innova Turns Focus Toward Agriculture Technology -
Friday, May 19, 2017
By 2050, National Geographic Magazine recently warned readers, the world will somehow have to be able to feed 2 billion more people than it does now.
Innovations in agriculture and farming technology are one way of addressing that looming challenge. Which helps explain why now felt like the right time for Memphis-based venture capital firm Innova Memphis to continue expanding the focus of its investment funds into new industry sectors like ag tech.
81.
Innova, AgLaunch Partner On New Innovation Fund -
Wednesday, May 17, 2017
The venture capital firm Innova Memphis will include the venture development organization and accelerator AgLaunch in a new $31 million agriculture innovation fund.
The fund, which is Innova’s fourth since it was founded 10 years ago by Memphis Bioworks, is certified and licensed by the USDA’s Rural Business Investment Program as a rural business investment company.
82.
First Tennessee Gets High Marks in Customer Satisfaction Survey -
Tuesday, May 9, 2017
Employees of First Tennessee Bank’s parent company got a company-wide email Thursday, May 4, that began: “This morning we are announcing the largest merger in our history.”
83.
First Horizon Buying North Carolina Bank for $2.2 Billion -
Thursday, May 4, 2017
The parent company of First Tennessee Bank is buying Charlotte, North Carolina-based Capital Bank Financial Corp., a $10 billion institution that will create the fourth-largest regional bank in the Southeast.
84.
City of Memphis Budget Could Face Bumpy Road -
Thursday, April 27, 2017
Memphis City Council budget hearings begin Tuesday, May 2, at City Hall starting with Mayor Jim Strickland’s $77.8 million capital budget proposal for one-time spending on construction projects and similar expenses that are normally financed with bonds.
85.
Last Word: Popovich's Tip, Strickland's Budget and Haslam's Jump Start on Roads -
Wednesday, April 26, 2017
Game 5 goes to the Spurs in San Antonio 116-103 over the Grizz who are back here Thursday. Spurs coach Gregg Popovich is not effusive in his comments to the media, which is fun to watch, but it does make tracking down and veryifying this next story a bit difficult. A credit card receipt showed up on Redditt that appears to show Popovich left a $5,000 tip on an $815.73 bill at McEwen’s Friday night between the two Memphis-based playoff games.
86.
FTN Financial Completes Acquisition of Houston Firm -
Saturday, April 8, 2017
FTN Financial, the capital markets division of First Tennessee Bank, has completed its acquisition of Houston-based Coastal Securities Inc., a leader in the trading, securitization and analysis of Small Business Administration loans.
87.
Last Fed Meeting's Minutes Show Talk of Paring Bond Holdings -
Friday, April 7, 2017
WASHINGTON (AP) – Federal Reserve officials last month discussed the possibility of reducing their enormous portfolio of bond holdings later this year, sooner than many investors have been expecting.
88.
Malco Moving Forward With Downtown Theater -
Thursday, April 6, 2017
45 E. G.E. Patterson Ave.
Memphis, TN 38103
Permit Amount: $5 million
Project Cost: $55 million
Application Date: March 2017
89.
FTN Financial Completes Acquisition of Houston Firm -
Wednesday, April 5, 2017
FTN Financial, the capital markets division of First Tennessee Bank, has completed its acquisition of Houston-based Coastal Securities Inc., a leader in the trading, securitization and analysis of Small Business Administration loans.
90.
FTN Financial Completes Acquisition of Houston Firm -
Tuesday, April 4, 2017
FTN Financial, the capital markets division of First Tennessee Bank, has completed its acquisition of Houston-based Coastal Securities Inc., a leader in the trading, securitization and analysis of Small Business Administration loans.
91.
Yellen: Banks Play Vital Economic Role in Poor Communities -
Wednesday, March 29, 2017
WASHINGTON (AP) – Federal Reserve Chair Janet Yellen said Tuesday that U.S. banks must do all they can to promote economic development in low-income areas where high unemployment has persisted despite the overall job market's significant gains.
92.
Trump's SEC Pick, an Ex-Goldman Lawyer, to Face Skepticism -
Thursday, March 23, 2017
WASHINGTON (AP) – Goldman Sachs may be about to get another friend in Washington.
Jay Clayton, a well-connected Wall Street lawyer who is President Donald Trump's pick to lead the Securities and Exchange Commission, is sure to face sharp questions from Democrats at his confirmation hearing Thursday over his years of work for Goldman and other financial giants.
93.
Last Word: Building a Bigger Police Force, Old Desk Calendars and Summer School -
Wednesday, March 1, 2017
Since the Memphis Mayor’s race of 2015 became about how best to build a larger Memphis Police Department, the discussion has always had an element of controversy to it on a larger scale than a head count of who has a badge.
94.
Permit Filed for Boutique Arrive Hotel Downtown -
Thursday, February 9, 2017
477 S. Main St.
Memphis, TN 38103
Permit Amount: $5.3 million
Application Date: February 2017
Completion: 2018
95.
East Memphis Office Building Sells for $5.7 Million -
Thursday, February 2, 2017
Nashville-based Priam Capital has expanded its Memphis portfolio with the purchase of a 45,000-square-foot office building along the Poplar corridor.
Priam, acting as 5400 Poplar LLC, purchased the office building at 5400 Poplar Ave. from HBAM Member Services for $5.7 million, according to a Jan. 31 warranty deed filed with the Shelby County Register of Deeds.
96.
At a Moment of Uncertainty, Fed Likely to Leave Rates Alone -
Wednesday, February 1, 2017
WASHINGTON (AP) – The Federal Reserve is all but sure to leave interest rates alone when it ends a policy meeting Wednesday at a time of steady gains for the U.S. economy but also heightened uncertainty surrounding the new Trump administration.
97.
Metropolitan CEO Explains Renasant Merger -
Friday, January 20, 2017
Not many people were racing to start up banks in 2008, with the underpinnings of the financial system teetering. One of the few who did was Curt Gabardi, a former Regions Bank executive who envisioned a bank that would focus primarily on commercial and private banking clients.
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First Horizon CEO: 2017 Brings ‘Good Growth Opportunities’ -
Wednesday, January 4, 2017
A week ahead of his bank’s earnings presentation to analysts – which will close the books on 2016 with a fourth quarter and full-year report – the top executive at First Tennessee Bank’s parent company is in an optimistic mood.
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2016: Not Too Many Banking Industry Surprises -
Monday, December 26, 2016
When shareholders of First Tennessee Bank’s Memphis-based parent company convened in April at the bank’s Downtown Memphis headquarters for their annual meeting, the whole thing wrapped up in about 10 minutes.
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Fed Has 8 Biggest US Banks Shift Loss Burden to Investors -
Friday, December 16, 2016
WASHINGTON (AP) – The eight biggest U.S. banks will be required to build new cushions against losses that would shift the burden to investors. The action by the Federal Reserve was the latest bid by regulators to reduce the chances of future taxpayer bailouts.