NEW YORK (AP) — U.S. banks set a record by making more than $60 billion in profits in the second quarter, federal regulators said Thursday, up more than 25 percent from a year earlier.

2. BancorpSouth Increases Quarterly Dividend 21 Pct. - Saturday, July 28, 2018

BancorpSouth Bank’s board of directors has declared a quarterly cash dividend of 17 cents per common share. That represents an increase of 3 cents per common share, or 21.4 percent, compared to the most recent dividend paid on July 2.

3. BancorpSouth Increases Quarterly Dividend 21 Pct. - Friday, July 27, 2018

BancorpSouth Bank’s board of directors has declared a quarterly cash dividend of 17 cents per common share. That represents an increase of 3 cents per common share, or 21.4 percent, compared to the most recent dividend paid on July 2.

4. Loan Demand Down as Company Owners Turn to Personal Funds - Wednesday, May 30, 2018

Fewer small employers sought loans and other financing toward the end of last year as many companies dealt with fiscal challenges.

That's the finding of a survey of more than 8,100 companies released last week by the 12 regional Federal Reserve Banks. The survey showed that demand for financing fell, with 40 percent of companies seeking funding, down from 45 percent a year earlier.

5. 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.

6. Tax on Medical Devices to Resume After 2-Year Suspension - Wednesday, January 3, 2018

BOSTON (AP) – While much of corporate America will enjoy a tax cut in the new year, one industry is getting a tax increase it has fought hard but so far unsuccessfully to avoid.

A 2.3 percent excise tax on medical device manufacturers went back into effect Monday after a two-year hiatus. It was originally imposed in 2013 as one of several taxes and fees in the Affordable Care Act that pay for expanded health insurance under the law.

7. BancorpSouth to Complete Long-Delayed Acquisitions - Thursday, December 28, 2017

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.

8. EPA Says Superfund Task Force Left Behind Little Paper Trail - Thursday, December 21, 2017

WASHINGTON (AP) – The Environmental Protection Agency says an internal task force appointed to revamp how the nation's most polluted sites are cleaned up generated no record of its deliberations.

9. Growth Spurt - Wednesday, December 6, 2017

Executives with Pinnacle Financial Partners in Memphis are “so granular” in maintaining a pipeline of candidates they’d like to recruit to work at the bank that they meet every week to discuss the pool of potential hires.

10. Goodin Joins Hagwood Adelman As Memphis Managing Attorney - Wednesday, November 1, 2017

Michael T. Goodin has joined Hagwood Adelman Tipton PC as managing attorney of the Memphis office. In that role, he provides legal services to HAT’s clients in matters such as medical malpractice and senior housing litigation for health care providers along the continuum of care, including skilled nursing, assisted living, behavioral health, home health and hospice litigation. In addition, he assists in supervising the attorney and paraprofessional teams.

11. Pinnacle Expanding Memphis Footprint - Tuesday, October 31, 2017

A week after Pinnacle Financial Partners’ Memphis chairman told The Daily News the bank would be growing its footprint around the city, the bank has announced it’s preparing to do just that.

12. Pinnacle Sees Major Growth in 2017 - Tuesday, October 24, 2017

There’s not usually much in the way of big change reflected in the bank deposit market share report that comes out once a year from the Federal Deposit Insurance Corp. This year for the Memphis metropolitan statistical area, though, there was.

13. First Tennessee Bank Parent Wraps Solid Third Quarter - Monday, October 16, 2017

The Memphis-based parent company of First Tennessee Bank is starting to wind down 2017 optimistic about its business and the direction of the economy, which helped the company grow its net income 7 percent during the quarter.

14. FDIC Report Shows Top Memphis Banks - Thursday, October 5, 2017

With a few exceptions, the Top 10 banks in the Memphis metro area as ranked by deposits by the Federal Deposit Insurance Corp. in its latest annual report hasn’t changed much this time around.

15. Irma Evacuees in Tenn. Can Seek Unemployment Benefits - Wednesday, September 13, 2017

Hundreds of residents from states impacted by Hurricane Irma escaped the storm by seeking refuge in cities across Tennessee. Many are staying with family or at local hotels and campgrounds and are not able to work.

16. SBA Head Sees Businesses Held Back by Lack of Loans, Workers - Thursday, August 17, 2017

NEW YORK (AP) – Six months into her tenure as head of the Small Business Administration, Linda McMahon sees a split among small business owners – they are increasingly optimistic, she says, but many are held back by their inability to get loans or find the right workers for jobs that are staying open.

17. Renasant Gets Approval To Merge With Metropolitan - Saturday, April 29, 2017

Renasant Bank’s parent company has received all the necessary federal bank regulatory approvals needed to complete its merger with the parent company of Metropolitan Bank, Renasant has announced.

18. Renasant Wins Federal Approvals for Metropolitan Bank Merger - Monday, April 24, 2017

Renasant Bank’s parent company has received all the necessary federal bank regulatory approvals needed to complete its merger with the parent company of Metropolitan Bank, Renasant has announced.

19. Limits on Tennessee Campaign Investments Headed to Governor - Wednesday, March 29, 2017

NASHVILLE, Tenn. (AP) – A bill to prevent campaign funds from being invested in private companies is headed for Republican Gov. Bill Haslam's desk.

The legislation was introduced following reports that expelled Rep. Jeremy Durham heavily invested campaign funds in a company owned by prominent GOP donor Andy Miller Jr.

20. US Banks in Strong Shape as 4th-Quarter Profit Jumps - Wednesday, March 1, 2017

WASHINGTON (AP) – U.S. banks' earnings in the final quarter of 2016 rose 7.7 percent from a year earlier, as lending continued to grow and banks set aside less for losses on loans for the first time since late 2015.

21. Senate Passes Bill Limiting Tennessee Campaign Investments - Wednesday, March 1, 2017

NASHVILLE, Tenn. (AP) – The state Senate has passed a bill seeking to prevent campaign funds from being invested in private companies.

The legislation follows the release of a Tennessee Registry of Campaign Fiance audit that found that former Rep. Jeremy Durham loaned $120,000 to a company run by prominent GOP donor Andrew Miller Jr.

22. US Bank Earnings Up Nearly 13 Percent in Q3 - Wednesday, November 30, 2016

WASHINGTON (AP) – U.S. banks' earnings in the July-September period jumped nearly 13 percent from a year earlier as continued growth in lending fueled interest income.

The data issued Tuesday by the Federal Deposit Insurance Corp. showed strength in the banking industry more than eight years after the financial crisis struck. However, the impact of low oil prices on energy companies led banks to continue to post bigger losses on commercial and industrial loans. Some energy companies have struggled to repay loans, causing distress for banks in oil and gas producing regions.

23. Survey: Number of Americans Without Bank Accounts Declines - Friday, October 21, 2016

NEW YORK (AP) — Fewer Americans are without access to a checking or savings account, according to a survey released Thursday by federal regulators, a sign that the improving economy is helping lift the nation's poorest households.

24. Last Word: Early Voting Lines, Bank Moves, and Death of the Hi-Tone Mural - Thursday, October 20, 2016

Dodgers vs. Cubs or Trump vs. Clinton on your Wednesday evening. – We live in a land of choices … and screen within a screen technology.

Before the playoff game and the last of the Presidential debates got rolling there were lines at several of the early voting locations across Shelby County Wednesday on the first day of the early voting period.

25. BancorpSouth Merger Deals Extended - Thursday, October 20, 2016

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.

26. First TN Bank Focuses On Growth With New Hires - Thursday, October 20, 2016

“Growing the business” is a mantra executives of First Tennessee Bank’s parent company have repeated often in recent weeks.

27. FDIC Report Presents Latest Local Deposit Snapshot - Monday, October 10, 2016

For Metropolitan Bank Memphis market CEO Philip May, it’s not a difficult question to answer.

His bank has moved up one place in the Federal Deposit Insurance Corp.’s just-released annual report that ranks every bank in the market by their share of customer deposits.

28. Study: Memphis Metro Home to Large Unbanked Population - Monday, October 3, 2016

The U.S. is home to a little less than 10 million so-called unbanked households – those in which no member has a bank account.

That’s according to new research from the financial website NerdWallet, which not only found that low-income homes tend to get hit hardest by that reality, through things like higher fees associated with alternative financial products like payday loans. What’s more: the site’s research shows that the Memphis metropolitan area carries the unfortunate distinction of having the highest percentage of unbanked households (19.5 percent) in the country.

29. First Tennessee Steps Up Financial Literacy Efforts - Friday, September 30, 2016

Along with making loans, offering mortgages and the other banking basics that First Tennessee Bank stays busy with from one day to the next, the Memphis-based institution is in the process of stepping up its financial literacy offerings in a major way.

30. Bank of America Memphis Exec: ‘Everything Has Changed’ - Saturday, September 17, 2016

Mike Frick has hit the decade mark this year in his role as Memphis market president for Bank of America.

31. US Banks’ Q2 Earnings Climbed 1.4 Percent to $43.6B - Wednesday, August 31, 2016

WASHINGTON (AP) – U.S. banks' earnings in the April-June period rose 1.4 percent from a year earlier as growth in lending fueled interest income.

The data issued Tuesday by the Federal Deposit Insurance Corp. showed continued strength in the banking industry eight years after the financial crisis struck. However, the impact of low oil prices on energy companies led banks to continue to post bigger losses on commercial and industrial loans.

32. Landmark Bank Reports Improved Earnings - Saturday, August 27, 2016

Through the first half of 2016, Collierville-based Landmark Community Bank reported improved earnings with net income of $4 million as of June 30, a 21.6 percent increase over the same period in 2015.

33. Landmark Bank Reports Improved Mid-Year Earnings - Tuesday, August 23, 2016

Through the first half of 2016, Collierville-based Landmark Community Bank reported improved earnings with net income of $4 million as of June 30, a 21.6 percent increase over the same period in 2015.

34. BancorpSouth Puts Two Planned Mergers on Hold - Saturday, August 20, 2016

A downgrade of BancorpSouth’s Community Reinvestment Act rating means two mergers have been tabled for the time being. BancorpSouth announced in January 2014 its intent to acquire Ouachita Bancshares Corp. of West Monroe, Louisiana, and Central Community Corp. of Temple, Texas. The merger agreements were valued at a combined $325 million in stock and cash at the time.

35. BancorpSouth Puts Two Planned Mergers on Hold - Wednesday, August 17, 2016

A downgrade of BancorpSouth’s Community Reinvestment Act rating means two mergers have been tabled for the time being. BancorpSouth announced in January 2014 its intent to acquire Ouachita Bancshares Corp. of West Monroe, Louisiana, and Central Community Corp. of Temple, Texas. The merger agreements were valued at a combined $325 million in stock and cash at the time.

36. 'Student' Credit Cards Aren't for All Students, or Even Most - Friday, August 5, 2016

As parents prepare their rising freshmen for life at college, many are leaving out a crucial piece of information: how to build credit.

The college years are the best time to begin the process. After graduation, adults with no credit history have a harder time renting apartments, obtaining car loans or, eventually, mortgages.

37. US Regulators: Still Heavy Risk in Big Bank Loans - Monday, August 1, 2016

WASHINGTON (AP) — Federal regulators say risk remains heavy in large loans made by banks and other financial institutions, though lending standards have improved.

The Federal Reserve and other agencies cite increasing risks in loans to oil and gas producers as oil prices have fallen to three-month lows. The regulators said their latest examinations also showed continued high risk from loans made to companies that are already heavily in debt.

38. Banc3 Touts Niche, Inks Its First Acquisition - Thursday, June 16, 2016

The way longtime Memphis banking executive Frank Cianciola thinks a community bank ought to organize itself and how it should be run in today’s bank climate is right there in his new company’s name.

39. Federal Regulators Close Memphis-Based Bank - Saturday, April 30, 2016

Trust Co. Bank of Memphis has failed, with state and federal regulators announcing Friday, April 29, they had closed all four branches of the West Tennessee financial institution and arranged a purchase agreement to protect depositors.

40. US Bank Earnings Jump 11.9 Percent In 4Q; Loan Losses Up - Wednesday, February 24, 2016

WASHINGTON (AP) – The impact of plummeting oil prices has shown up in the financial picture of U.S. banks, whose losses from loans increased for the first time in five and half years, according to new government data.

41. Bank On Memphis Targets Smartphones - Wednesday, November 4, 2015

For about five years now, a partnership between the city of Memphis and local banks and credit unions has been working to bring people who don’t have a checking or savings account into the mainstream banking sphere.

42. Mississippi's Renasant to Buy Georgia Bank for $59M in Stock - Thursday, October 22, 2015

JACKSON, Miss. (AP) — Mississippi-based regional bank Renasant Corp. will acquire Georgia-based KeyWorth Bank for $59 million in stock.

43. First Horizon Set to Buy Back Shares, Keep Lid on Expenses - Friday, October 16, 2015

The week’s end found the chairman and CEO of First Tennessee Bank’s parent company in a bit of a philosophical mood about his financial institution, First Horizon National Corp., as well as the industry as a whole.

44. FDIC Report: Little Change in Local Banking Market - Saturday, October 3, 2015

The landscape of the Memphis-area banking market hasn’t changed much since last year, according to a newly released yearly report from the Federal Deposit Insurance Corp.

45. FDIC Report: Little Change in Local Banking Market - Wednesday, September 30, 2015

The landscape of the Memphis-area banking market hasn’t changed much since last year, according to a newly released yearly report from the Federal Deposit Insurance Corp.

46. Magna Bank Prepares for New Memphis Identity - Saturday, September 12, 2015

Magna Bank in Memphis isn't set to open for business with a new name above the door for a couple more months, now that its acquisition by Nashville-based Pinnacle Financial Partners has officially closed.

47. Metropolitan Bank Reports Positive 2014 Results - Saturday, February 14, 2015

For 2014, Metropolitan Bank’s parent company has reported earnings of about $5.2 million, up 34 percent year over year.

48. Metropolitan Bank Announces Positive 2014 Results - Wednesday, February 11, 2015

For 2014, Metropolitan Bank’s parent company has reported earnings of about $5.2 million, up 34 percent year over year.

49. Wal-Mart Launches Cash Pickup Option for Tax Refunds - Wednesday, January 21, 2015

NEW YORK (AP) – Wal-Mart is launching a service allowing customers to pick up their tax refunds in cash at all stores nationwide.

It's the discounter's latest move to offer more financial services, which is seen as a path to bringing more shoppers to its stores.

50. Bank Earnings Up 7.3 Percent in 3rd Quarter - Saturday, November 29, 2014

U.S. bank earnings rose 7.3 percent in the July-September quarter from a year earlier, as banks reduced their expenses and continued to lend out more money, which help drive up revenue.

The data issued Tuesday by the Federal Deposit Insurance Corp. showed that the banking industry continues to recover from the financial crisis that struck six years ago.

51. Bank Earnings Up 7.3 Percent in Third Quarter - Thursday, November 27, 2014

NEW YORK (AP) – U.S. bank earnings rose 7.3 percent in the July-September quarter from a year earlier, as banks reduced their expenses and continued to lend out more money, which help drive up revenue.

52. US Existing Home Sales Rise in September - Wednesday, October 22, 2014

WASHINGTON (AP) — U.S. homes sold in September at their fastest clip this year, a sign that the housing market is shaking off a slowdown that began in the middle of 2013.

The National Association of Realtors said Tuesday that sales of existing homes rose 2.4 percent from the previous month to a seasonally adjusted annual rate of 5.17 million. Still, the sales rate has dropped 1.7 percent over the past 12 months.

53. Regions Bank Grows Local Deposit Share - Saturday, October 18, 2014

Regions Bank has grown its share of customer bank deposits in both Shelby County and in Tennessee as a whole, according to a new report from the Federal Deposit Insurance Corp.

54. Regions Bank Grows Local Deposit Share - Friday, October 17, 2014

Regions Bank has grown its share of customer bank deposits in both Shelby County and in Tennessee as a whole, according to a new report from the Federal Deposit Insurance Corp.

55. Regulators Set Rules Meant to Ward Off Bank Crisis - Thursday, September 4, 2014

WASHINGTON (AP) – Federal regulators are set to require big banks to keep enough high-quality assets on hand to survive during a severe downturn, the latest move under congressional mandate to lessen the likelihood of another financial meltdown.

56. US Economy, Though Sluggish, May Now Be Sturdier - Thursday, July 24, 2014

WASHINGTON (AP) – Out of a seemingly hollow recovery from the Great Recession, a more durable if still slow-growing U.S. economy has emerged.

That conclusion, one held by a growing number of economists, might surprise many people. After all, in the five years since the recession officially ended, Americans' pay has basically stagnated. Millions remain unemployed or have abandoned their job searches. Economic growth is merely plodding along.

57. Citigroup to Pay $7 Billion in Subprime Mortgages Probe - Tuesday, July 15, 2014

WASHINGTON (AP) – Citigroup agreed Monday to pay $7 billion to settle a federal investigation into its handling of risky subprime mortgages, admitting to a pattern of deception that Attorney General Eric Holder said "shattered lives" and contributed to the worst financial crisis in decades.

58. US Bank Earnings Decline 7.7 Percent in First Quarter - Thursday, May 29, 2014

WASHINGTON (AP) – U.S. banks' earnings declined 7.7 percent in the January-March quarter from a year earlier, as higher interest rates dampened demand for mortgage refinancing and reduced banks' revenue from the mortgage business.

59. Real Estate ‘Titans’ Share Industry Advice - Monday, May 12, 2014

In the 1980s Dan Wilkinson and Robert Snowden were deeply involved in developing Memphis International Airport Center.

60. Wal-Mart Jumps Into the Money Transfer Biz, Loudly - Friday, April 18, 2014

NEW YORK (AP) – Wal-Mart is delving deeper into financial services at its stores and shaking up the money transfer business.

The world's largest retailer introduced a new money transfer service Thursday that it says will cut fees for its low-income customers by up to 50 percent compared with similar services elsewhere. The Walmart-2-Walmart service is being rolled out in partnership with Ria Money Transfer, a subsidiary of Euronet Worldwide Inc.

61. FDIC Sues 16 Big Banks That Set Key Rate - Monday, March 17, 2014

WASHINGTON (AP) – The Federal Deposit Insurance Corp. has sued 16 big banks that set a key global interest rate, accusing them of fraud and conspiring to keep the rate low to enrich themselves.

62. US Bank Earnings Rise 17 Percent - Saturday, March 1, 2014

U.S. banks’ earnings rose 17 percent in the October-December quarter from a year earlier, as losses on loans fell to a seven-year low and banks set aside less to cover losses as well as legal costs.

63. US Bank Earnings Rise 17 Percent - Thursday, February 27, 2014

U.S. banks' earnings rose 17 percent in the October-December quarter from a year earlier, as losses on loans fell to a seven-year low and banks set aside less to cover losses as well as legal costs.

64. US Bank Ending Short-Term Loan Product - Monday, January 20, 2014

MINNEAPOLIS (AP) – U.S. Bank will eliminate a short-term loan offering to meet new federal rules.

The bank is dropping the option after federal regulators set new guidelines last year on "deposit advance" products, which are small-dollar, short-term loans made by banks to customers who have recurring direct deposits. It allows consumers to borrow money against future deposits into their checking accounts.

65. 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.

66. US Ban on High-Risk Bank Trades Approved - Wednesday, December 11, 2013

WASHINGTON (AP) – U.S. regulators have taken a major step toward reining in high-risk trading on Wall Street, banning the largest banks from trading for their own profit in most cases.

67. Banks Earn $36 Billion in Third Quarter - Saturday, November 30, 2013

U.S. banks earned less in the July-September quarter than they did a year earlier, marking the first year-over-year decline in earnings since the spring of 2009, when the country was still mired in the Great Recession.

68. Banks Earn $36 Billion in Third Quarter - Wednesday, November 27, 2013

U.S. banks earned less in the July-September quarter than they did a year earlier, marking the first year-over-year decline in earnings since the spring of 2009, when the country was still mired in the Great Recession.

69. Banks Tweak Checking, Online Options - Saturday, November 16, 2013

As the two banks with the biggest customer deposit shares in Memphis, First Tennessee Bank and Regions Bank must stay closely in touch with their clients’ checking and online banking needs.

70. First Horizon Reports Third Quarter Loss - Monday, October 21, 2013

The Memphis-based parent company of the largest bank based in Tennessee swung to a third quarter loss, with a $200 million addition to its mortgage repurchase reserve contributing to a loss for the quarter of $107.5 million.

71. FDIC Releases Latest Market Share Figures - Saturday, October 5, 2013

The Federal Deposit Insurance Corp. has come out with its latest annual ranking of the customer deposit share among banks, and not much has changed in the Memphis metropolitan statistical area over 2012.

72. FDIC Releases Latest Market Share Figures - Thursday, October 3, 2013

The Federal Deposit Insurance Corp. has come out with its latest annual ranking of the customer deposit share among banks, and not much has changed in the Memphis metropolitan statistical area over 2012.

73. US Banks Earn Record $42.2 Billion in 2nd Quarter - Friday, August 30, 2013

WASHINGTON (AP) – U.S. banks earned more from April through June than during any quarter on record, aided by a steep drop in losses from bad loans.

The Federal Deposit Insurance Corp. says the banking industry earned $42.2 billion in the second quarter, up 23 percent from the second quarter of 2012. About 54 percent of U.S. banks reported improved earnings from a year earlier.

74. Proposal Gives Banks More Leeway on Mortgage Bonds - Thursday, August 29, 2013

WASHINGTON (AP) – Regulators want to ease a rule that would require banks to share some risk in the complicated mortgage investments that helped cause the financial crisis.

Under the proposal advanced Wednesday by the Federal Deposit Insurance Corp. and the Federal Reserve, banks could exempt relatively safe mortgages from the value of those securities.

75. First Horizon Posts Second Quarter Profit - Friday, July 19, 2013

First Horizon National Corp. posted earnings per share of $0.17 for the second quarter – a “solid, but not great” period for the bank, in the words of one analyst.

76. Fed Approves Higher Bank Capital Standards - Wednesday, July 3, 2013

WASHINGTON (AP) – The Federal Reserve approved higher requirements for the amount of capital reserves banks must hold to cushion against unexpected losses. The change is aimed at preventing a repeat of the 2008 financial crisis.

77. Bank of America Executive: Small Business is on the Comeback - Thursday, June 27, 2013

NEW YORK (AP) – Robb Hilson's job as head of small business banking at Bank of America is to convince small business owners that the bank wants to do business with them.

That's not easy when small businesses have consistently said in surveys that they find it hard to get loans from banks, and when banks have become more cautious about lending to small companies following the recession. But in the 18 months Hilson has been on the job at the nation's second-largest bank it has had some success with its 3.2 million small business customers. Last year, Bank of America made $8.7 billion in new loans to small businesses, up 28 percent from 2011.

78. New Guide for Teaching Seniors How to Avoid Fraud - Thursday, June 13, 2013

WASHINGTON (AP) – U.S. regulators have a new guide for teaching older adults how to detect financial scams and avoid being exploited.

The curriculum was developed by the Federal Deposit Insurance Corp. and the Consumer Financial Protection Bureau for instructing groups of seniors and their caregivers. It can be used by employees of financial firms, adult protective service agencies, senior advocate groups and law enforcement personnel, the agencies said Wednesday.

79. Sevierville Bank Transferred to First Tennessee - Tuesday, June 11, 2013

The 12 branches of Mountain National Bank of Sevierville reopened for business at the start of this week under the banner of First Tennessee Bank.

80. First Tennessee Buys Mountain National Bank - Saturday, June 8, 2013

First Tennessee Bank has bought a failed bank from the Federal Deposit Insurance Corp.

First Tennessee acquired Mountain National Bank of Sevierville from the FDIC. That was after the Office of the Comptroller of the Currency closed Mountain National Bank Friday, June 7, and named the FDIC as receiver.

81. SEC Considers Tougher Rules for Money Funds - Thursday, June 6, 2013

WASHINGTON (AP) – Investors could lose principal from money market investment funds that perform poorly under regulations proposed Wednesday by the Securities and Exchange Commission. But the change would affect mainly institutional rather than individual investors.

82. US Banks Report Record Earnings for First Quarter - Thursday, May 30, 2013

WASHINGTON (AP) — U.S. banks earned more from January through March than during any quarter on record, buoyed by greater income from fees and fewer losses from bad loans.

The banking industry earned $40.3 billion in the first quarter, the Federal Deposit Insurance Corp. said Wednesday. That's the highest ever for a single quarter and up 15.8 percent from the first quarter of 2012, when the industry's profits were $34.8 billion.

83. Obama Nominates Pritzker, Froman for Economic Jobs - Friday, May 3, 2013

WASHINGTON (AP) – President Barack Obama on Thursday chose two old friends with corporate executive experience for top posts on his economic team, naming longtime fundraiser Penny Pritzker as Commerce secretary and adviser Michael Froman as U.S. Trade Representative.

84. Metropolitan Bank Still Growing 5 Years In - Saturday, April 27, 2013

Metropolitan Bank has come a long way in five short years. Since being founded amid the worst financial crisis in the U.S. in generations, the bank – which in March celebrated its fifth birthday – has grown its assets from $243 million at the end of 2008 to $722 million at the end of 2012.

85. Capital Requirement - Saturday, April 27, 2013

In early April, U.S. Sen. Bob Corker, R-Tenn., joined a handful of other senators in drafting a letter in part about new rules of the road governing bank capital requirements.

That letter was sent to Federal Reserve Gov. Daniel Tarullo, Comptroller of the Currency Thomas Curry and Federal Deposit Insurance Corp. Chairman Martin Gruenberg.

86. Bank of Bartlett Continues Turnaround - Monday, March 25, 2013

The Federal Reserve Board has terminated a so-called “prompt corrective action” order for Bank of Bartlett that was released last year and which at the time asserted the bank was undercapitalized.

Bank of Bartlett president Harold Byrd said at the time the family-run bank was already on the mend and that the Fed’s order was based on outdated information. Without explanation, the Fed announced within the past week its order regarding Bank of Bartlett, dated Jan. 30 has been terminated.

87. Grubb & Ellis Affiliates With New York Advisory Firm - Saturday, March 16, 2013

Grubb & Ellis-Memphis – a full-service commercial real estate firm serving western Tennessee, northern Mississippi and eastern Arkansas – has formed an affiliation with Newmark Grubb Knight Frank, a New York City-based commercial real estate advisory firm.

88. Grubb & Ellis Forms Affiliation With New York Advisory Firm - Friday, March 15, 2013

Grubb & Ellis-Memphis – a full-service commercial real estate firm serving western Tennessee, northern Mississippi and eastern Arkansas – has formed an affiliation with Newmark Grubb Knight Frank, a New York City-based commercial real estate advisory firm.

89. US Citing Security to Censor More Public Records - Tuesday, March 12, 2013

WASHINGTON (AP) – The Obama administration answered more requests from the public to see government records under the Freedom of Information Act last year but more often than ever cited legal exceptions to censor or withhold the material, according to a new analysis by The Associated Press. It frequently cited the need to protect national security and internal deliberations.

90. Lender Processing Paying $121 Million to Resolve Claims - Friday, February 1, 2013

One of the biggest U.S. mortgage processing companies has agreed to pay $121 million to resolve states' claims that it wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.

91. Fewer US Banks Fail as Industry Strengthens - Wednesday, January 2, 2013

WASHINGTON (AP) – U.S. banks ended 2012 with their best profits since 2006 and fewer failures than at any time since the financial crisis struck in 2008. They're helping support an economy slowed by high unemployment, flat pay, sluggish manufacturing and anxious consumers.

92. BancorpSouth Keeps Focus on Staying True to Banking Basics - Monday, December 17, 2012

BancorpSouth Inc. may have new leadership, but the Tupelo, Miss.-based company likes to say it still has an old way of doing business.

93. Senate Bill Would Extend Deposit Insurance Program - Tuesday, December 11, 2012

WASHINGTON (AP) — To prevent a possible run on banks at the height of the financial crisis four years ago, Congress expanded government insurance for certain bank deposits to include totals above the usual $250,000 limit. Now that the ceiling is about to be re-imposed, community banks fear they'll lose customers to bigger banks and want Congress to come to their rescue.

94. US Bank Earnings Rise 6.6 Percent, Most in 6 Years - Wednesday, December 5, 2012

WASHINGTON (AP) – U.S. banks earned more from July through September than in any other quarter over the past six years. The increase is further evidence that the industry is strengthening four years after the 2008 financial crisis.

95. Triumph Bank Reports 15th Straight Profit - Monday, December 3, 2012

Triumph Bank has enjoyed one of the most consistent success stories among Memphis-area community banks.

Triumph, which was founded in 2005, has reported its 15th straight quarterly profit, meaning even 2008’s Great Recession was not enough to ding Triumph’s prospects.

96. Bank Profits Shrink in Third Quarter - Monday, November 26, 2012

Memphis-area banks on the whole were a lot less profitable at the end of the third quarter than they were during the same period in 2011.

The two dozen or so banks in the Memphis market reported a little more than $12 million in year-to-date net income at the end of the third quarter, according to data from the Federal Reserve Bank of St. Louis. That’s a big drop from the $136.3 million in year-to-date net income the same banks collectively reported in the third quarter of 2011.

97. Amex Paying $112.5 Million in Late-Fee Settlements - Tuesday, October 2, 2012

WASHINGTON (AP) – American Express Co. is paying $112.5 million in refunds and fines to settle regulators' accusations that it charged unlawful late fees and deceived customers to pressure them to pay off old debts or buy extra credit card services.

98. Feds Order Discover to Refund $200 Million to Cardholders - Tuesday, September 25, 2012

WASHINGTON (AP) – Discover Bank will pay millions in fees to settle accusations by regulators that it pressured credit card customers to buy costly add-on services like payment protection and credit monitoring.

99. US Bank Earnings Rose 21 Percent in 2nd Quarter - Wednesday, August 29, 2012

WASHINGTON (AP) – U.S. bank earnings rose 21 percent in the April-June quarter and lending to consumers increased, adding to evidence that the industry is strengthening four years after the financial crisis.

100. Prosecutor Probes Ties Between Regions Financial and Fiderion - Thursday, August 23, 2012

A federal prosecutor has opened an inquiry into business ties between Regions Financial Corp. and Fiderion Group LLC.