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Editorial Results (free)

1. Last Word: The Greensward Deal, Pulpit to Protest Call and Leader Federal's HQ -

There is nothing quite like a deadline to produce results.

I’m not talking about this job, although it is more than a coincidence that the closer a deadline gets the more you start to figure out how to write something.

2. PFM Group Promotes Lowe To Managing Director -

Lauren Lowe has been promoted to managing director of The PFM Group, a leading provider of independent financial and investment advisory services to state and local governments and not-for-profit institutions. Based in PFM’s Memphis office, Lowe serves the firm’s municipal advisory clients. Her areas of expertise include debt transactions and structuring, strategic planning, pricing and cash flow analysis as well as advising many of her local government clients on policy development.

3. Melzie Wilson Appointed To Commerce Advisory Committee -

Melzie Wilson, vice president of compliance at Mallory Alexander International Logistics, has been appointed to the U.S. Department of Commerce’s Advisory Committee on Supply Chain Competitiveness by secretary of commerce Penny Pritzker. In her role at Mallory Alexander, Wilson is responsible for all government regulations the company must comply with, both in the U.S. and globally.
She’s also responsible, along with a compliance team, for ensuring Mallory Alexander’s clients stay compliant.

4. Shipmon Joins Lending Team at Paragon -

Thomas “Tee” Shipmon has joined Paragon Bank as senior vice president, specialty lending. In this role, Shipmon is responsible for developing products for Paragon that solve customers’ challenges and that are profitable to the bank. Currently, specialty lending is providing short-term commercial construction loans to companies, often franchisees, that are expanding operations.

5. Murphy Joins Paragon’s Aircraft Lending -

Ronald Murphy has joined Paragon Bank as vice president, aircraft lending. Murphy – who worked at Paragon from 2005 to 2008 as senior vice president, aircraft lending – will originate and service aircraft loans for the bank by developing relationships with dealers, brokers and end users of business aircraft.

6. Paragon Employees Increased Volunteering Efforts in 2015 -

Paragon Bank’s employees volunteered a lot more in 2015 than they did in 2014.

The bank announced that its employees last year put in more than 1,480 hours through the bank’s Assisting the Community Through Service program, a 147 percent increase over 2014.

7. Fed: Memphis Banks See Q3 Improvement -

When Memphis-based Paragon Bank recently reported record third-quarter revenue, the highest total loans in the bank’s history and a big drop in nonperforming assets, Paragon CEO Robert Shaw was unequivocal.

8. Shelby County Mortgage Market Up 10 Percent in October -

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.

9. Koonce Joins Sedgwick Client Services -

Sedgwick Claims Management Services Inc. has added K. Max Koonce II as senior vice president of client services for its casualty retail business unit. Koonce, an attorney by trade, comes to Sedgwick from Wal-Mart Stores Inc., where he was senior director of risk management. He simultaneously served as president of Claims Management Inc., Wal-Mart’s wholly owned third-party administrator.

10. Del-Nat Sells Warehouse, Newby’s Makes A Comeback -

Del-Nat Tire Co. has unloaded a 500,000-square-foot warehouse in Southwest Memphis.

Sunhill Holdings LLC acquired the warehouse at 2365 Texas Drive for $6 million from Del-Nat Realty.

11. Paragon Bank Reports Highlights, Decisive Turn at Annual Shareholders Meeting -

2014 proved a milestone year for Paragon Bank: The now 10-year-old institution saw a few decisive changes, the bank’s leadership reported at its annual shareholders meeting in recent days.

12. Paragon Bank Celebrates 10-Year Milestone in 2015 -

Paragon Bank is blowing out a milestone candle on its birthday cake this year.

The Memphis-based bank is celebrating its 10th anniversary, and to coincide with that it’s planned a yearlong #10for10 campaign that features a number of celebratory events the bank has planned in honor of its anniversary and community-focused mission.

13. Shelby County Mortgage Market Sees Improvement -

The mortgage market in Shelby County ended 2014 in a slighter better position than where it stood in 2013.

Banks and mortgage lenders made 8,471 purchase mortgages in Shelby County during 2014, up 2 percent from the 8,301 mortgages during 2013, according to the latest data from real estate information company Chandler Reports,www.chandlerreports.com.

14. Events -

Rizzo’s Diner and the Memphis Crisis Center will hold a “Less to Wine About Wednesday” fundraiser Wednesday, July 9, at the restaurant, 106 G.E. Patterson Ave. Rizzo’s will donate 25 percent of the day’s profits to the crisis center. Visit rizzosdiner.com.

15. Events -

Memphis Rotary Club will meet Tuesday, July 8, at noon at the University Club of Memphis, 1346 Central Ave. Dr. Diane Knight, medical center director for the Memphis VA hospital, will speak. Cost is $20 at the door. RSVP to taylor@memphisrotary.org.

16. Shelby County Mortgage Market Dips 2 Percent in May -

Sam Goff, a vice president of mortgage and senior loan originator with Independent Bank, said he’s “covered up” at the moment with requests for mortgage pre-qualifications.

17. Mortgage Market Up 8 Percent in April -

Sam Goff, a senior loan originator at Independent Bank, announced in a post to his Facebook followers last month that mortgage rates were at one point about as low as they’d been in 2014 so far.

18. Paragon National Bank Announces Promotions -

Paragon National Bank has made a flurry of recent personnel changes.

The bank has promoted Emily Friedman to portfolio manager and George Daley to commercial credit analyst. Friedman will be working with Paragon’s commercial lenders on developing their larger prospects and relationships by providing credit analysis, underwriting and related documentation.

19. Paragon National Bank Announces Promotions -

Paragon National Bank has made a flurry of recent personnel changes.

The bank has promoted Emily Friedman to portfolio manager and George Daley to commercial credit analyst. Friedman will be working with Paragon’s commercial lenders on developing their larger prospects and relationships by providing credit analysis, underwriting and related documentation.

20. Paragon Bank Gets New Chairman -

Paragon National Bank chairman Napoleon Cassibry III has stepped down, effective March 19, after serving as board chair since the bank’s inception in January 2005.

21. Paragon Bank Gets New Chairman -

Paragon National Bank chairman Napoleon Cassibry III has stepped down, effective March 19, after serving as board chair since the bank’s inception in January 2005.

22. Galvanizing Company Files Permit for Facility -

3328 Fite Road
Millington, TN 38053
Permit Cost: $1.9 million

Project Cost: N/A
Permit Date: Applied March 2014
Completion: N/A
Owner: 3328 Fite LLC
Tenant: 3328 Fite LLC
Architect: N/A
Contractor: N/A
Details: An affiliate of Columbus, Ohio-based “hot dip galvanizing” company Voigt & Schweitzer LLC plans to construct a 63,120-square-foot facility near Millington.

23. Firestone Files Permit For Germantown Store -

Firestone Complete Auto Care has filed a $1.3 million permit application with the city-county Office of Construction Code Enforcement for a new retail store at 9461 Poplar Ave. in Germantown.

24. Paragon Wants Switch to State Charter -

Paragon National Bank has taken the initial steps toward switching from being a nationally chartered bank to one with a state charter.

25. Paragon Wants to Switch to State Charter -

Paragon National Bank has taken the initial steps toward switching from being a nationally chartered bank to one with a state charter.

26. 2013 Most Profitable Year for Paragon Bank -

Paragon National Bank’s just-released earnings for 2013 show the year was the most profitable in the bank’s nearly nine-year history.

27. 2013 Most Profitable Year for Paragon Bank -

Paragon National Bank’s just-released earnings for 2013 show the year was the most profitable in the bank’s nearly nine-year history.

28. Mortgage Market Grows 3 Percent in 2013 -

The mortgage market in Shelby County ended 2013 with a modest improvement over 2012, with signs pointing to more advances in 2014.

Banks and mortgage lenders made 8,298 purchase mortgages in Shelby County during 2013, a 3 percent improvement from the 8,027 mortgages during 2012, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

29. Paragon Sets Record Profit in Third Quarter -

The good news keeps coming for Paragon National Bank.

Between July and September, the Memphis-based community bank completed the most profitable quarter in its nearly eight-year history. It also was the bank’s 11th straight quarter of profitability, and Paragon attributed the result to things such as improved asset quality, balance sheet growth, expense reduction and better net interest margin.

30. Paragon Notches Record Third-Quarter Results -

For Paragon National Bank, the third quarter was the most profitable in the bank’s nearly eight-year history.

31. Paragon National Bank Seeks Food Bank Donations -

Paragon National Bank’s four banking centers will serve as donation points for the Sixth Annual Mid-South Food Bank Student Food Drive.

32. Paragon National Bank Seeks Food Bank Donations -

Paragon National Bank’s four banking centers will serve as donation points for the Sixth Annual Mid-South Food Bank Student Food Drive.

33. Shelby County Mortgages Up 7 Percent in Third Quarter -

The gas tank of Shelby County’s mortgage market continues to be powered by the fuel of low interest rates and more of a willingness from lenders to make new loans.

Banks and mortgage lenders made 2,521 purchase mortgages in Shelby County during the third quarter, a 7 percent improvement from the 2,364 mortgages during the third quarter of 2012, according to the latest data from real estate information company Chandler Reports,www.chandlerreports.com.

34. Paragon Displays Student Art at Saddle Creek -

Paragon National Bank is displaying artwork from the Bodine School in its Saddle Creek banking center, 7600 Poplar Ave., during October.

35. Paragon Displays Student Art at Saddle Creek -

Paragon National Bank is displaying artwork from the Bodine School in its Saddle Creek banking center, 7600 Poplar Ave., during October.

36. Enoch Joins Team at BankTennessee -

Christy Enoch has joined Collierville-based BankTennessee as a treasury management and deposit operations professional.

37. Wiseacre Set to Open City’s First Taproom -

The city’s newest craft brewery will be officially open for business at the end of the week.

Wiseacre Brewing Co. held a ribbon-cutting ceremony Wednesday, Aug. 28, for its 13,000-square-foot brewery at 2783 Broad Ave., and the fledgling brewery will unveil its taproom and some of its craft beers to the public Friday, Aug. 30, from 4 p.m. to 8 p.m.

38. Wiseacre Brewery Cuts Ribbon Wednesday -

A ribbon-cutting ceremony set for Wednesday morning at Wiseacre Brewing Co. is about a business vision coming to fruition – but also something more.

Wiseacre, at 2783 Broad Ave., will be officially open for business at its taproom at the end of the week. Wiseacre is opening a 13,000-square-foot brewery with a taproom and patio, and it announced a few months ago it will package its two year-round beers, Tiny Bomb American Pilsner and Ananda India Pale Ale, in a can, making it the first craft brewery in Tennessee to can beer.

39. Moore Rejoins Girls Inc. as President/CEO -

Lisa Moore recently joined Girls Inc. of Memphis as president/CEO, returning to the organization where she began her career in the late 1980s. In her new role, Moore said, she will provide leadership and support to equip Girls Inc. of Memphis to effectively and efficiently fulfill its mission of equipping all girls to live strong, smart and bold.

40. Comptroller of Currency Ends Paragon Oversight -

Paragon National Bank has shown enough progress to be able to end a special oversight arrangement the bank had with the Office of the Comptroller of the Currency.

41. Comptroller of Currency Ends Paragon National Bank Oversight -

Paragon National Bank has shown enough progress to be able to end a special oversight arrangement the bank had with the Office of the Comptroller of the Currency.

42. FBI Promotes McCall to Special Agent in Charge -

A. Todd McCall has been named special agent in charge of the FBI’s Memphis division, one of the bureau’s 56 field offices nationwide. McCall, who most recently served as chief of the digital forensics and analysis section in the Operational Technology Division, is now responsible for the management and oversight of more than 200 personnel and all investigative matters under the FBI’s jurisdiction spanning from Memphis to Cookeville, Tenn.

43. BankTennessee Breaks Ground In Middle Tennessee -

Collierville-based BankTennessee is breaking ground on a new site in Lebanon, Tenn., later this month that will serve as the bank’s Middle Tennessee headquarters.

The groundbreaking on the 7,200-square-foot headquarters will happen June 25 at the property, a 1.85-acre site across from Lebanon High School. The bank’s announcement of its new presence in the town comes on the heels of a period of growth for BankTennessee, which enjoyed one of the best years in its history in 2012 and is looking to its future by focusing on the secret sauce it’s employed for almost 80 years – a commitment to local service.

44. Mortgage Activity Sees Small Increase -

Mortgage activity was a bit lackluster in Shelby County last month compared to the same time in 2012, judging by the latest data.

Looking forward, though, bankers say the demand is there, the busy season for lenders is well underway and that the purchase mortgage business is at times far outpacing demand for refinances.

45. Paragon National Bank Expands Slate of Services -

Paragon National Bank has expanded its slate of service offerings.

Paragon recently enhanced its services to include new partnerships with Clay & Land Insurance and Ovation Payroll. The bank also has launched Paragon BusinessManager Solutions, which helps small-business owners better manage their cash flow.

46. ‘One-Stop Shop’ -

A few Memphis-area community banks are starting to add investment services to their mix of offerings.

They include Magna Bank, which now is working with Cary Allen, a representative of independent investment securities firm LPL Financial Services.

47. Profitable Year Has Paragon Upbeat -

Executives with Paragon National Bank laid out for shareholders this week a set of strategic objectives for 2013 that included making continued progress toward wringing problem assets out of the bank and improving the bank’s earnings power.

48. Brimhall Named Bartlett Entrepreneur of Year -

Terry Brimhall, founder and president of Brimhall Foods Co. Inc., has been named entrepreneur of the year by the Bartlett Area Chamber of Commerce.

49. Meadows Named Director of Memphis Jewish Home & Rehab -

Bobby Meadows has joined Memphis Jewish Home & Rehab as executive director. Meadows, a licensed nursing home administrator, has 13 years of nursing home experience, including 11 as an executive director. Most recently, he served for six years at Allenbrooke Nursing and Rehabilitation Center in Memphis.

50. Magna Bank Adds Investment Services -

Magna Bank has added investment services to its mix of offerings available for customers.

The bank now is working with Cary Allen, a representative of independent investment securities firm LPL Financial Services. Allen will be based in Magna’s Quail Hollow branch at 6525 Quail Hollow Road, but he’ll be available to meet with customers at any of Magna’s other branches if they need.

51. BankTennessee Adds Controller, Vice President -

BankTennessee has added a few new names to its ranks.

Jason McDoniel has joined BankTennessee as controller, and Mark Nance has joined the bank as a vice president in the bank’s treasury management department.

52. Paragon Bank Employees Made Community Impact -

Employees of Paragon National Bank spent more than 500 hours volunteering in the community in 2012.

53. Paragon Bank Employees Make Big Community Impact -

Employees of Paragon National Bank spent more than 500 hours volunteering in the community in 2012.

54. Mayor, Banks Revive Program Targeting City’s Unbanked -

It started with a letter. More than two dozen of them, actually. Bankers from around Memphis got a missive from Memphis Mayor A C Wharton Jr. in 2010 that solicited help from bankers like Joe DiNicolantonio, West Tennessee area president for Regions Bank.

55. Paragon National Bank Expands Board of Directors -

Paragon National Bank has added three people to its board of directors.

The new members are Mary McDaniel, Lauren Boggs McHugh and Pete Stark. They’ll each serve a three-year term and work closely with the bank’s 10 other board members.

56. Paragon National Bank Expands Board of Directors -

Paragon National Bank has added three people to its board of directors.

The new members are Mary McDaniel, Lauren Boggs McHugh and Pete Stark. They’ll each serve a three-year term and work closely with the bank’s 10 other board members.

57. Banks Showcase Artwork, Local Artists -

Since December, Paragon National Bank has been showcasing art pieces from Dogwood Elementary School students at its Saddle Creek bank branch at 7600 Poplar Ave.

58. Paragon Makes Donation to Mid-South Food Bank -

Paragon National Bank collected $14,200 and 568 pounds of food for the Mid-South Food Bank during the fifth annual Mid-South Food Bank Student Food Drive.

59. Paragon Makes Donation to Mid-South Food Bank -

Paragon National Bank collected $14,200 and 568 pounds of food for the Mid-South Food Bank during the fifth annual Mid-South Food Bank Student Food Drive.

60. Texas Company Files Loan on Highland Family Dollar -

Texas-based DCTN3 328 Highland Memphis TN LLC has filed a $1.1 million loan through Paragon National Bank on its Family Dollar store at 656 S. Highland St.

61. Roberts Benchmark Hotel on Union Sells for $3.2 Million -

164 Union Ave.

Memphis, TN 38103

Sale Amount: $3.2 million

Sale Date: Dec. 5, 2012

62. Paragon National Bank Hosts Student Artwork -

Paragon National Bank’s Saddle Creek branch at 7600 Poplar Ave. is showing art pieces from Dogwood Elementary School students through January.

63. Paragon National Bank Hosts Student Artwork -

Paragon National Bank’s Saddle Creek branch at 7600 Poplar Ave. is showing art pieces from Dogwood Elementary School students through January.

64. Paragon Bank Branches Accepting Food Donations -

Paragon National Bank’s four bank branches are serving as donation centers for the fifth Annual Mid-South Food Bank Student Food Drive through the end of this week.

65. Paragon’s Cullum Pursues New Civic Involvement -

Ashley Cullum, the vice president of business development for Paragon National Bank, has added some new institutions to what’s become a long list of civic groups she works with outside the bank.

66. RedRover Names Thomson Account Manager -

Melissa Thomson has been promoted to account manager from account executive at RedRover Sales & Marketing. In her expanded role, Thomson serves as a fractional chief marketing officer for growing Mid-South companies by conducting critical market research then creating and executing marketing strategies.

67. Return on Investment -

Most people already know some of the basic elements of the banking business. From the large national lenders with a Memphis presence to the community banks in the suburbs, one common element is they make money by charging borrowers more than the bank pays in interest to depositors.

68. Evans Joins American Esoteric as Vice President -

Dr. Jess Evans has joined American Esoteric Laboratories as vice president of technical operations. In his new role, Evans is responsible for instrumentation, personnel, operational performance and quality assurance for the Memphis laboratory.

69. Grant Entity Files $20M Loan For Collierville Construction -

25 acres north
Of Shea Road

Loan Amount: $20.4 million

Loan Date: July 31, 2012

Maturity Date: Aug. 1, 2017

Borrower: Westbrook Crossing GP

Lender: Magna Bank

70. Haslam Appoints Paragon VP to State Housing Dev. Board -

Tenn. Gov. Bill Haslam has appointed Dorothy Cleaves, a first vice president and private banking relationship manager with Memphis-based Paragon National Bank, to the board of directors of the Tennessee Housing Development Agency.

71. Cheddar's Franchisee Buys Cordova Land -

Greer Cos., the largest franchisee of Cheddar’s Casual Cafe, has bought 2.7 acres at the southwest corner of North Germantown Parkway and Bellevue Parkway in Cordova.

Working as Greer Land Co.-Restaurants LLC, the company paid $1.4 million for the site, which is part of 8.7 acres seller South Bellevue Corp. bought in 2006.

72. Paragon Launches Smartphone App -

Paragon National Bank has joined the ranks of local financial institutions launching a smartphone app.

Paragon’s mobile app can now be downloaded for free by iPhone and Android phone users, and it allows customers access to account information through the phone’s built-in functions. Using the app, customers can bring up account balances, view transactions and customized alerts in addition to paying bills, finding Paragon branches and ATM locations, and transferring funds.

73. County’s Mortgage Lending Up in May -

When bank customers are seen doing something seemingly as simple as making plans for the future – plans, of course, that involve spending money – that conveys a lot to someone like Mike Edwards, Paragon Bank’s president and chief operating officer.

74. Edwards is New Symphony Chairman -

Michael A. Edwards, president and chief operating officer of Paragon National Bank, is the new board chairman of the Memphis Symphony Orchestra.

75. Evans Joins MERI As Finance Director -

Devonya Evans has joined the Medical Education & Research Institute as director of finance. Evans, a licensed certified public accountant, will be responsible for heading MERI’s finance and information technology departments.

76. Union Ave. Medical Office Financed for $1.8 Million -

Roundabout Real Estate LLC and Visual Projects LLC, both based in Missouri, have filed a $1.8 million loan through Renasant Bank secured by a nearly 16,000-square-foot medical office building at 2076 Union Ave.

77. Cook Named Director At Memphis Farmers Mkt. -

Allison Cook has been named market director at Memphis Farmers Market. Cook brings her marketing and business management experience to the position, and also has volunteered at the market and its Harvest Celebration fundraisers for three years.

78. Privatization Thoughts Highlight Changes -

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.

79. Paragon’s Shaw Spearheads Bank’s Nonprofit Efforts -

When talking about his financial institution, the president and CEO of Paragon National Bank leaves the impression that a person needs to have the spirit of a community volunteer to work at the small, Memphis-based bank he leads.

80. Smith Named Vice Prez At S. Webster Haining -

Doug Smith has been named vice president, administrative operations, at S. Webster Haining & Co.

81. Livestock Farmers Say Ethanol Eats Too Much Corn -

DES MOINES, Iowa (AP) – Livestock farmers are demanding a change in the nation's ethanol policy, claiming current rules could lead to spikes in meat prices and even shortages at supermarkets if corn growers have a bad year.

82. Paragon Branches to Serve as Food Donation Centers -

Four branches of Paragon National Bank will serve as donation centers for the Fourth Annual Mid-South Food Bank Student Food Drive.

83. Memphian Cobb Joins MIFA As Meals on Wheels Director -

Trentwood Cobb has joined Metropolitan Inter-Faith Association as director of MIFA Meals on Wheels, which provides hot meals to senior citizens in the greater Memphis area.

Hometown: Memphis

84. Preserve at Southwind Apts. Sell for $22.2 Million -

7991 Capilano Drive
Memphis, TN 38125
Sale Amount: $22.2 million

Sale Date: Oct. 12, 2011

85. Hyneman G'town Property Sells for $4.1 Million -

Forest Downs Properties LLC has bought William R. (“Rusty”) Hyneman and Caresse M. Hyneman’s Germantown property from the couple for $4.1 million.

86. Community Banks Resist Fees For Debit Cards -

Community banks have always possessed a certain charm among American financial institutions, one embodied by personal touches, friendly service and fewer headaches and hassles than their bigger brethren.

87. Ga.-Based Coastal Logistics Signs Lease -

A budding Savannah, Ga.-based third-party logistics firm is expanding into the Southeast Memphis industrial market. Coastal Logistics Group Inc. has signed a new 50,000-square-foot lease at 5715 Distribution Drive.

88. Lynnfield Place Apartments Sell for $22.4 Million -

1400 Lynnfield Road
Memphis, TN 38119
Sale Amount: $22.4 million

Sale Date: June 14, 2011
Buyer: Lynnfield Holdings LLC
Seller: Lynnfield Place Tennessee LLC
Details: Lynnfield Place Apartments, on the east side of Lynnfield Road about halfway between Park Avenue to the north and Quince Road to the south, has sold for $22.4 million.

89. Elvis Presley Blvd. Market Financed for $3 Million -

Lexington, Tenn.-based Henry Oil Co. of Tennessee has filed a $3 million loan through Paragon National Bank for a convenience store and gas station at 3923 Elvis Presley Blvd. Loan documents list Henry Oil as the grantor and Dodge Brothers Inc. as borrower.

90. Soulsville Charter School Files $10M Loan for New Bldg. -

1115 College St.
Memphis, TN 38106
Loan Amount: $10 million

Loan Date: May 20, 2011
Maturity Date: May 5, 2018
Borrower: The Soulsville Charter School LLC
Lender: SunTrust Community Development Enterprises LLC
Details: The Soulsville Charter School LLC has filed a $10 million construction leasehold loan through SunTrust Community Development Enterprises LLC. The loan will fund construction of a new school building – announced last year – on a 2.1-acre parcel and a 1.9-acre parking easement owned by The Soulsville Foundation Inc.

91. Pallet Factory Site Financed for $2.1M -

M.E.D. Properties LLC has financed property at 3740 Arnold Road and an adjacent vacant parcel through Paragon National Bank with two loans totaling $2.1 million – a $1.3 million loan and an $800,000 loan.

92. Littleton Promoted to Manager of Private Banking at Paragon -

Wayne Littleton has been promoted to manager of private banking at Paragon National Bank. He also will continue to serve as president of the bank’s Saddle Creek branch, 7600 Poplar Ave.

93. Office Art -

When Stacy McCall, president of ServiceMaster by Stratos, walked into the Memphis College of Art’s South Main Street graduate school on its opening day, she didn’t realize she’d be making a business deal.

94. FDIC: Banks Inch to Profitability -

In the first three months of 2011, Tennessee’s banking industry shed workers, got smaller and reported surging profits.

That’s according to newly released figures from the Federal Deposit Insurance Corp., which show that almost 60 percent, or 107, of Tennessee’s 190 federally insured banks reported a pickup in earnings in the first quarter.

95. Mortgages Drop 11 Percent in 2010 -

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.

96. Banks Shift Focus to Growing Assets -

A little more than half of the two dozen banks the Federal Reserve Bank of St. Louis lists as based in the Memphis market have grown their asset base over the past year.

97. Cooper Young Dev. Corp. Involved in 3 Foreclosures -

Cooper Young Development Corp. has defaulted on two loans, according to foreclosure notices from separate lenders, putting three properties up for foreclosure sale, according to first-run notices in Tuesday’s Daily News.

98. Grubb & Ellis’ deWitt Appointed To MAAR Commercial Council -

Greg deWitt of Grubb & Ellis Co. has been appointed to the Memphis Area Association of Realtors Commercial Council. He will take over one of the council’s director seats next year before becoming the council’s vice president in 2012.

99. Pinnacle Weighing Options for HQ Relocation -

Pinnacle Airline Corp.’s pending headquarters relocation marks the second time in little more than a year that a transportation company has mulled over where to move a significant part of its operation.

100. Profitability Could be Ahead For Paragon -

Paragon National Bank president and CEO Robert Shaw won’t be drafting his presentation for another year, but he already knows one of the themes he hopes to be able to tout at the bank’s 2011 annual meeting.