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Editorial Results (free)

1. Fed Raises Key Rate and Unveils Plan to Reduce Bond Holdings -

WASHINGTON (AP) – The Federal Reserve has raised its key interest rate for the third time in six months, providing its latest vote of confidence in a slow-growing but durable economy. The Fed also announced plans to start gradually paring its bond holdings later this year, which could cause long-term rates to rise.

2. Landmark Bank Receives Small Business Funding -

Landmark Community Bank of Collierville is the latest local community bank to get a chunk of funding through the Small Business Lending Fund.

3. Local Banks Get Small Biz Lending Boost -

Small businesses in Memphis – as well as across Tennessee – stand to benefit from a pair of announcements unveiled this week regarding targeted federal investment in the area.

First, Independent Bank is getting almost $35 million to make available as loans to businesses with sales of up to $50 million, for agricultural loans and for owner-occupied real estate.

4. Evolve Financial GroupAcquires Parkin Bancorp - Memphis-based Evolve Financial Group Inc. has completed the acquisition of Parkin Bancorp Inc. and subsidiary First State Bank. Following its acquisition, Parkin, Ark.-based First State Bank's name will be changed to Evolve Bank. First State Bank cur