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Editorial Results (free)

1. Metropolitan Bank Reports Strong Fourth Quarter, 2015 -

Metropolitan Bank, which has co-headquarters in Memphis and in Ridgeland, Mississippi, kicks off its eighth year in operation with strong earnings for the fourth quarter, a period when the bank inched just shy of $1 billion in assets, among other highlights.

2. Metropolitan Bank Reports Strong Fourth Quarter, 2015 -

Metropolitan Bank, which has co-headquarters in Memphis and in Ridgeland, Mississippi, kicks off its eighth year in operation with strong earnings for the fourth quarter, a period when the bank inched just shy of $1 billion in assets, among other highlights.

3. Triumph Bank Names Chief Banking Officer -

Triumph Bank has tapped Britin “Brit” Boatright as executive vice president and chief banking officer.

4. Triumph Bank Names Chief Banking Officer -

Triumph Bank has tapped Britin “Brit” Boatright as executive vice president and chief banking officer.

5. Sledge Joins Paragon Private Banking Team -

Julia Sledge has joined Paragon Bank as portfolio manager in private banking. Sledge has more than 30 years of experience in the banking industry, holding leadership positions at both Union Planters Bank and Cadence Bank. In her new role, she’ll provide service and support to Paragon’s private banking team.

6. First Tennessee Invests in Tri-State Bank -

As of Dec. 31, Tri-State Bank of Memphis has secured almost $5 million in new capital, an investment fueled in part by an “unprecedented transaction” between it and First Tennessee Bank.

7. Fed Official: Low Oil Prices Affecting Central Bank Action -

A key Fed official assured Memphis business leaders during a breakfast address Thursday, Jan. 14, that interest rates won’t climb dramatically this year.

Jim Bullard, the president and CEO of the Federal Reserve Bank of St. Louis, told the Economic Club of Memphis that rates today are “crazy low compared to the historical experience in the U.S.” and will “remain accommodative well into the future.”

8. From City to Rural County, Food Bank’s Mobile Pantry Delivers -

Poverty and hunger are easy enough to find in Memphis. You don’t have to go far from the Mid-South Food Bank’s offices, at 239 South Dudley St., before you start wandering into pockets of isolation – food deserts.

9. Sanders Vowing to Break Up Banks During First Year in Office -

NEW YORK (AP) — Characterizing Wall Street as an industry run on "greed, fraud, dishonesty and arrogance," Democratic presidential candidate Bernie Sanders pledged to break up the country's biggest financial firms within a year, should he become president, in a major policy address on Tuesday.

10. Last Word: Farewell For Now Midtown Kroger, Weather Hype and Tri-State Bank Clues -

A moment of silence for Midtown Kroger if you will, now that you’ve been through the New Year’s mountain of emails etc.
Where to shop with the Midtown supermarket landmark now closed was the water-cooler question of the day for those who have had a love-hate relationship with the store.
If you are a creature of habit and your habit is that store, you’ve known it by many names – Seesel’s, Seesel’s by Albertson, Schnucks and Kroger.
And as many bad names as you called its original parking lot, you came up with some new ones for the God-forsaken parking lot and its marked pedestrian walkway to hell built on the elegant ghost of the old Trousseau shop.
The store's interior wasn’t quite “Double Indemnity” tiny – think Barbara Stanwyck in cat sunglasses talking furtively over doll-like shelves to Fred MacMurray before “My Three Sons.”
But the “super” in its version of a supermarket was the 1950s black-and-white television Superman.
When Pau Gasol – the original Gasol -- was still playing for the Grizzlies, I ran across him on a late-night grocery excursion able to shop two aisles at once peering over his own aisle to the one I was on, suddenly having that feeling that someone was watching me.
An informal and decidedly unscientific sampling Monday found the alternative sites were the Kroger at Poplar and Cleveland, Cash Saver on Madison, West Memphis WalMart (a go to destination for left of Midtowners, otherwise known as Downtowners) and “I’m still waiting for Trader Joe's."
The old Midtown Kroger has closed as the new and bigger Kroger is starting to take shape behind chain link fences with tarps and other construction barriers just west of the original store but still within earshot of the Idlewild Presbyterian Church carillon.

11. Tri-State Bank HQ Sale Heightens Speculation -

The northeast corner of Main and Beale streets is more than prime real estate; it’s historic ground with a direct connection to ongoing racial and economic issues.

Tri-State Bank, the city’s 70-year old black-owned bank, and Belz Investco announced Thursday, Dec. 31, that the bank was selling its headquarters, 180 S. Main St., to Belz Investco GP in a $3 million deal.

12. Tri-State Bank Sells Downtown Memphis Headquarters -

A prime piece of Downtown real estate linking Beale Street and the South Main district has been sold.

Tri-State Bank of Memphis is selling its headquarters at 180 S. Main St., on the northeast corner of Main and Beale Street, to Belz Investco GP in a $3 million deal announced New Year’s Eve.

13. Last Word: Watching The River, The Clerk's Inner Circle and Universal Bankers -

The Mississippi River is on the rise here and elsewhere which means for many of us the New Year will include a look at the river and memories of 2011 when the river at Memphis was the highest it had been since the record 1937 flooding.

14. TVA Gives $10,000 Grant To Mid-South Food Bank -

Mid-South Food Bank is one of seven Tennessee food banks to receive a $10,000 grant from the Tennessee Valley Authority. The funds are designated to provide additional food distribution to people living in rural counties through a Tennessee Rural Mobile Pantry initiative.

15. TVA Gives $10,000 Grant To Mid-South Food Bank -

Mid-South Food Bank is one of seven Tennessee food banks to receive a $10,000 grant from the Tennessee Valley Authority. The funds are designated to provide additional food distribution to people living in rural counties through a Tennessee Rural Mobile Pantry initiative.

16. Ball to Lead New Division at Evolve Bank -

Thomas Ball has joined Memphis-based Evolve Bank & Trust as president of the newly formed Equipment Finance Division. In this role, Ball will create and grow a product line focused on equipment loans and leases to businesses across the U.S.

17. Vatterott College Holding Food Bank Collection Drive -

Vatterott Career College – Memphis Dividend is holding a collection drive this holiday season for the Mid-South Food Bank.

The college will collect canned and shelf-stable food items through Dec. 19, excluding the Thanksgiving break from Nov. 22 through Nov. 30. 

18. Metropolitan Bank Expects ‘Solid Finish’ to 2015 -

Metropolitan Bank saw a 25 percent increase in diluted earnings per share through the first nine months of 2015, as compared to the same period in 2014, the bank announced in recent days.

The bank also showed a 23 percent increase in net income, driven by continued loan and core deposit growth, along with strong results from the mortgage division, which showed a 40 percent increase year-to-date over the same period last year. 

19. Vatterott College Launching Food Bank Collection Drive -

Vatterott Career College – Memphis Dividend is holding a collection drive this holiday season for the Mid-South Food Bank.

20. Council Approves Resolution to Create Nonprofit Land Bank -

MEMPHIS, Tenn. (AP) — The Memphis City Council has approved a resolution to create a nonprofit land bank to aid in fighting blight.

The Commercial Appeal reports the council approved the resolution for the Blight Authority of Memphis Inc. on Tuesday. The bank will have access to up to $7 million in federal grant funds, awarded through the Tennessee Housing Development Agency.

21. Fed Official: Central Bank Has Made No Decision on Rate Hike -

WASHINGTON (AP) — A voting member of the Federal Reserve cautioned Friday that the Fed has yet to decide when to raise interest rates even though it issued a statement this week that said a rate hike was possible in December.

22. Fed official: Central bank has made no decision on rate hike -

WASHINGTON (AP) — A voting member of the Federal Reserve cautioned Friday that the Fed has yet to decide when to raise interest rates even though it issued a statement this week that said a rate hike was possible in December.

23. Fed official: Central Bank Has Made No Decision on Rate Hike -

WASHINGTON (AP) — A voting member of the Federal Reserve cautioned Friday that the Fed has yet to decide when to raise interest rates even though it issued a statement this week that said a rate hike was possible in December.

24. Metropolitan Bank Expects ‘Solid Finish’ to 2015 -

Metropolitan Bank saw a 25 percent increase in diluted earnings per share through the first nine months of 2015, as compared to the same period in 2014, the bank announced in recent days.

25. Mississippi's Renasant to Buy Georgia Bank for $59M in Stock -

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

26. FDIC Report: Little Change in Local Banking Market -

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.

27. FDIC Report: Little Change in Local Banking Market -

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.

28. DU Makes First Wetlands Mitigation Bank Transaction -

Ducks Unlimited’s 160-acre wetlands restoration of what was once crop land in Fayette County has put it in the banking business – a wetlands mitigation bank.

The Memphis-based conservation organization recently sold the first mitigation credits from the Mt. Tena Creek project to the Tennessee Department of Transportation.

29. DU Makes First Wetlands Mitigation Bank Transaction -

Ducks Unlimited’s 160-acre wetlands restoration of what was once crop land in Fayette County has put it in the banking business – a wetlands mitigation bank.

The Memphis-based conservation organization recently sold the first mitigation credits from the Mt. Tena Creek project to the Tennessee Department of Transportation.

30. Colliers Tapped to Lease BankTennessee Building -

The BankTennessee building in Downtown Memphis has a new management and leasing company.

Colliers International has been tapped to market and lease the 30,000-square-foot building at 30 N. Second St. It currently houses BankTennessee’s Downtown branch as well as the Daniel Law Firm, Memphis Bar Association and other legal professionals.

31. Colliers Tapped to Lease BankTennessee Building -

The BankTennessee building in Downtown Memphis has a new management and leasing company.

Colliers International has been tapped to market and lease the 30,000-square-foot building at 30 N. Second St. It currently houses BankTennessee’s Downtown branch as well as the Daniel Law Firm, Memphis Bar Association and other legal professionals.

32. Metropolitan Bank Grows Income in Second Quarter -

Metropolitan Bank, which has co-headquarters in Memphis and Ridgeland, Miss., has closed out another quarter of growth in profit and other key performance metrics.

33. Fed Directs 8 Biggest US Banks to Hold Extra Capital -

WASHINGTON (AP) — Federal regulators are directing the eight biggest U.S. banks to hold capital at levels above industry requirements to cushion against unexpected losses and reduce the chances of future taxpayer bailouts.

34. JPMorgan 2Q Profit Up As Bank Trims Expenses -

NEW YORK (AP) — JPMorgan Chase & Co.'s second-quarter profit rose 4 percent as the bank made up for lower revenue by cutting expenses.

35. Arrow Transportation Files For Chapter 11 Bankruptcy -

Arrow Transportation Inc., a Memphis cab company, has filed for federal Chapter 11 bankruptcy reorganization.

36. Mark Mosteller Joins Evolve Bank & Trust -

Mark E. Mosteller Sr. recently joined Evolve Bank & Trust as executive vice president, accounting and finance.
The new role includes a variety of responsibilities, including management of the accounting and finance department team, accounting internal controls, internal and external financial reporting, budgeting and forecasting, taxes and treasury management. Mosteller also works with senior and executive management and the board on accounting, finance and operational issues.

37. Arrow Transportation Files ror Bankruptcy Reorganization -

Arrow Transportation Inc., a Memphis cab company, has filed for federal Chapter 11 bankruptcy reorganization.

38. First Tennessee Bank Boosts Hiring in Nashville -

On the heels of another nod to its workplace environment, First Tennessee Bank is looking to fill about 40 positions in the Nashville market.

39. First Tennessee Bank Boosts Hiring in Nashville -

On the heels of another nod to its workplace environment, First Tennessee Bank is looking to fill about 40 positions in the Nashville market.

40. Gun Maker Colt Files for Chapter 11 Bankruptcy -

NEW YORK (AP) – Gun maker Colt Defense LLC filed for chapter 11 bankruptcy late Sunday, allowing for a quicker sale of operations in the U.S. and Canada.

41. Building the Bank of the Future -

When Triumph Bank holds the grand opening ceremony June 16 for its sleek, ultramodern-looking branch in Germantown, at 7550 West Farmington Blvd., it will be the culmination of a wholesale shift in the banking industry that Triumph CEO Will Chase has been thinking about for years.

42. Ashley Furniture Talking With Investment Banker -

ARCADIA, Wis. (AP) – Ashley Furniture Industries has acknowledged that it's in "exploratory" discussions with investment banking firm Goldman Sachs, but downplays the possibility of a sale.

43. First Tennessee Bank to Pay $212.5 Million for Bad Mortgage Loans -

MEMPHIS, Tenn. (AP) – First Tennessee Bank has agreed to pay the U.S. government $212.5 million after admitting to making bad mortgage loans that left taxpayers footing the bill.

44. High Court: Bankrupt Homeowners Can't Void Second Mortgage -

WASHINGTON (AP) – A unanimous Supreme Court ruled Monday that homeowners who declare bankruptcy can't void a second mortgage even if the home isn't worth what they owe on the primary mortgage.

45. Supreme Court Clarifies Power of Bankruptcy Judges -

WASHINGTON (AP) – The Supreme Court says bankruptcy courts have authority to rule on disputes that fall outside the bankruptcy proceedings if the parties to the case consent.

The 6-3 ruling on Tuesday helps clarify the power of bankruptcy judges. That had been in question since a 2011 high court decision that limited their authority to decide non-bankruptcy issues.

46. Metropolitan Bank Tops $1 Billion in Assets -

Metropolitan Bank, which is co-headquartered in Memphis, is now a $1 billion bank.

The bank reported strong first-quarter numbers this week, including profit up 58 percent from the same quarter in 2014 and passing the $1 billion asset mark for the first time. According to Metropolitan president and CEO Curt Gabardi, the bank’s performance during the quarter was fueled by loan, core deposit and non-interest income growth.

47. Metropolitan Bank Tops $1 Billion in Assets -

Metropolitan Bank, which is co-headquartered in Memphis, is now a $1 billion bank.

The bank reported strong first-quarter numbers this week, including profit up 58 percent from the same quarter in 2014 and passing the $1 billion asset mark for the first time. According to Metropolitan president and CEO Curt Gabardi, the bank’s performance during the quarter was fueled by loan, core deposit and non-interest income growth.

48. Triumph Bank Records Best-Ever Mortgage Month -

During a month when the mortgage market countywide was up 23 percent by volume, Triumph Bank had a particularly strong month of its own when it comes to mortgages.

49. Triumph Bank Unveils New Germantown Facility -

Triumph Bank has relocated its Germantown office to a new facility at 7550 West Farmington Blvd.

50. Triumph Bank Records Best-Ever Mortgage Month -

During a month when the mortgage market countywide was up 23 percent by volume, Triumph Bank had a particularly strong month of its own when it comes to mortgages.

51. Triumph Bank Unveils New Germantown Facility -

Triumph Bank has relocated its Germantown office to a new facility at 7550 West Farmington Blvd.

52. Less for the Tank, More for the Bank -

The U.S. Energy Information Administration predicts the typical American household will save nearly $750 on gasoline in 2015, but no one should expect the good fortune to last forever.

Yes, gas prices did fall below $2 – and have begun falling again in recent days after rising about 35 cents in February and early March – but now it’s spring, a time when gas prices typically rise.

53. Smart Play: NFL Player Chooses Brain Over Bank -

His feet were killing him. That’s why former Ole Miss linebacker Patrick Willis recently walked away from the NFL at age 30.

54. Transcripts Reveal Fed Confronting Chaotic Banking System -

WASHINGTON (AP) – Transcripts of Federal Reserve meetings in 2009 showed central bank officials struggling to contain the worst financial crisis in seven decades and searching for the right policies to halt a deepening economic downturn.

55. First Tennessee Bank Wins Technology Award -

First Tennessee Bank has been named by consulting firm Frost & Sullivan as a winner of the 2015 Best in Class CIO Impact Award in the category of enterprise architecture.

56. First Alliance Bank Adds To Board of Directors -

First Alliance Bank has added Thomas Shipmon to its board of directors.

Shipmon is the president of WingFinance, a Memphis-based private finance company providing interim construction financing to franchisees. It was launched in January 2004 and started by providing interim construction financing to franchisees as a bridge for Small Business Administration Loans.

57. First Tennessee Bank Wins Technology Award -

First Tennessee Bank has been named by consulting firm Frost & Sullivan as a winner of the 2015 Best in Class CIO Impact Award in the category of enterprise architecture.

58. JPMorgan to Close 5 Percent of Bank Branches -

NEW YORK (AP) – JPMorgan Chase is planning to close 300 bank branches, or about 5 percent of the total, over the next two years, as more customers move to online and mobile banking and the bank looks to reduce its overall expenses.

59. Metropolitan Bank Reports Positive 2014 Results -

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

60. Metropolitan Bank Announces Positive 2014 Results -

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

61. Cohen Pushes for Student Loan Bankruptcy Protection -

U.S. Rep. Steve Cohen sponsored legislation in the Tennessee Senate that led to creation of the HOPE Scholarship, which provides four-year college students with $4,000 a year for their studies.

62. Fourth-Quarter Bankruptcies Reflect Continued Drop -

Bankruptcies in Shelby County dropped below the 3,000 mark in the last quarter of 2014 after being just above it in the third quarter.

The 2,634 bankruptcies filed from Oct. 1 to Dec. 31 compare to 3,135 filings from July 10 to Sept. 30.

63. Caesars Tunica Casinos Open, Despite Bankruptcy -

Despite the company’s Chapter 11 bankruptcy filing, Caesars Entertainment casino properties in Tunica are open for business, the company says, adding that all operations at Horseshoe Tunica and Tunica Roadhouse continue as normal.

64. Caesars Tunica Casinos Open, Despite Bankruptcy -

Despite the company’s Chapter 11 bankruptcy filing, Caesars Entertainment casino properties in Tunica are open for business, the company says, adding that all operations at Horseshoe Tunica and Tunica Roadhouse continue as normal.

65. Departing Postmaster General Slams Banking Duties Proposal -

WASHINGTON (AP) – Retiring Postmaster General Patrick R. Donahoe scoffed Tuesday at suggestions that the Postal Service could ease some of its chronic financial woes by branching out and offering basic banking services to its customers.

66. Obama Taps Community Banker for Fed Board -

WASHINGTON (AP) – President Barack Obama has selected the former head of a community bank in Hawaii to fill a vacancy on the Federal Reserve Board.

The White House said Tuesday that Obama will nominate Allan R. Landon, the former chief executive of the Bank of Hawaii, to fill one of two vacancies on the seven-member board. The nomination will require Senate confirmation.

67. Volcker Critical of Delays in Bank Rule -

Former Federal Reserve Chairman Paul Volcker on Friday criticized a decision to delay full implementation of a rule that bears his name and aims to curb banks' risky investments.

The Fed said Thursday that it would delay until July 2017 the deadline by which U.S. banks will have to sell off potentially volatile holdings in private equity, venture capital and hedge funds.

68. Grizz Holding Food Drive for Mid-South Food Bank -

In their annual tradition, the Memphis Grizzlies and ACH Food Cos. Inc. are teaming up for a canned food drive to benefit the Mid-South Food Bank on Friday, Dec. 5, when the Grizzlies take on the San Antonio Spurs at FedExForum.

69. Do You Need to Break the Bank to Get a Good Phone? -

NEW YORK (AP) – It might seem as though everyone has an iPhone or Galaxy smartphone. But many customers are eschewing the best cameras and screens – and their top-end price tags – and choosing models that can get the job done at less than a third of the cost.

70. Study: Banking Industry Culture Fosters Cheating -

WASHINGTON (AP) – The banking industry seems to bring out dishonesty in people, a new study suggests.

A team of Swiss economists tested the honesty of bank employees in a lab game that would pay off in cash if they cheated. When workers at an unnamed bank were asked about their home life, they were about as honest as the general public. But employees who had just been asked about work at the bank cheated 16 percent more.

71. Triumph Bank Surpasses $500 Million in Assets -

Triumph Bank didn’t choose its new tagline, “Let’s talk growth,” earlier this year only because it sounded hopeful or was an ideal to strive for.

72. Tactical Magic Tapped for New Bank Branding -

Memphis-based branding agency Tactical Magic was recently tapped to develop a brand strategy for a newly created banking institution, Sterling National Bank, formed as a result of two New York-based banks merging.

73. Tactical Magic Tapped for New Bank Branding -

Memphis-based branding agency Tactical Magic was recently tapped to develop a brand strategy for a newly created banking institution, Sterling National Bank, formed as a result of two New York-based banks merging.

74. RadioShack Warns of Possible Chapter 11 Bankruptcy -

NEW YORK (AP) – RadioShack warned Thursday that it may need to file for Chapter 11 bankruptcy reorganization if it can't rework its debt or find another way to ease a cash crunch.

The struggling retailer said in a regulatory filing that it is in talks with its lenders, bondholders, shareholders and landlords to fix its balance sheet, but if it can't, it will try to file a prepackaged bankruptcy.

75. Regulators Set Rules Meant to Ward Off Bank Crisis -

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.

76. Metropolitan Bank Expands Board -

Metropolitan Bank has added James Wingett to its board of directors.

Wingett lives in Memphis, where he’s a founding partner and managing director of Wolf River Capital. Before his time at Wolf River, he was a founding member, managing director and principal of FTN Financial’s Structured Finance Group.

77. Metropolitan Bank Expands Board -

Metropolitan Bank has added James Wingett to its board of directors.

Wingett lives in Memphis, where he’s a founding partner and managing director of Wolf River Capital. Before his time at Wolf River, he was a founding member, managing director and principal of FTN Financial’s Structured Finance Group.

78. Pathmark Inks Lease at I-Bank Tower -

A longtime third-party logistics company is on the move.

Pathmark Transportation Co., which was started in 1984 as a subsidiary of petroleum marketing company Pathmark International before becoming a national logistics provider, has signed a new lease for 3,800 square feet at the i-bank Tower on Poplar Avenue in East Memphis.

79. Alternative Banking – Is It For You? -

Ray's take: The world of banking is evolving. Over the past decade we’ve seen an increase in the number of online only, or alternative banks. Whether or not this is a good thing depends on whom you talk to about it.

80. Metropolitan Bank Reports Strong Second Quarter -

Metropolitan Bank has reported net earnings of about $1.3 million for the second quarter, up 44 percent quarter over quarter and 41 percent year over year.

81. Mobile Services Increasingly Expected of Banks -

The mobile race is on among Memphis financial institutions, with banks rolling out apps that allow banking on the go and a full range of capabilities that translate the brick-and-mortar banking experience to small digital screens.

82. Justices Uphold Broad Use of Anti-Bank Fraud Law -

WASHINGTON (AP) – The Supreme Court on Monday unanimously upheld the broad application of a federal anti-bank fraud law.

The justices sustained the bank fraud conviction of Kevin Loughrin, who used stolen checks as part of a scheme to take merchandise and cash from a Target store in Utah. Using checks from a bank brought Loughrin under the bank fraud statute. He was sentenced to three years in prison.

83. SunTrust Joins Effort to Upgrade Bank Branches -

ATLANTA (AP) – The largest bank based in Georgia has joined a national push to upgrade branches, spurred by customers who prefer online banking to waiting in a teller line.

Two SunTrust locations – one already open inside a food court at the bank's Atlanta headquarters and another scheduled to open this summer in the Georgetown neighborhood in Washington, D.C. – will test customers' response to new technology. Bank officials said they will use that feedback to help determine where and when to roll out the updates at other branches.

84. Supreme Court Rules on Bankruptcy Court Scope -

The Supreme Court says bankruptcy courts have limited authority to rule on disputes outside the traditional bankruptcy process.

The justices ruled unanimously Monday that a Washington state bankruptcy court did not exceed its powers when it considered a lawsuit claiming the Bellingham Insurance Agency had wrongfully transferred assets to the another insurance company shortly before declaring bankruptcy.

85. Former Union Planters CEO Joins Metropolitan Bank Board -

Metropolitan Bank has added former Union Planters Bank CEO E. Jackson Garner to its board.

86. Former Union Planters CEO Joins Metropolitan Bank Board -

Metropolitan Bank has added former Union Planters Bank CEO E. Jackson Garner to its board.

87. First Tennessee Buys 13 Bank of America Branches -

First Tennessee has reached an agreement to buy 13 branches and four remote ATMs from Bank of America.

The banks expect the deal, which includes branches in Middle and East Tennessee, to close later this year following approval by regulators and the satisfaction of customary closing conditions. The deal will add $660 million in deposits to First Tennessee.

88. First Tennessee Buys 13 Bank of America Branches -

First Tennessee has reached an agreement to buy 13 branches and four remote ATMs from Bank of America.

The banks expect the deal, which includes branches in Middle and East Tennessee, to close later this year following approval by regulators and the satisfaction of customary closing conditions. The deal will add $660 million in deposits to First Tennessee.

89. Bright Joins Evolve Bank Board of Directors -

Memphis attorney Al Bright Jr. has joined the board of Evolve Bank & Trust.

Bright is a law partner in the Memphis office of Waller Lansden Dortch & Davis LLP, where he practices business law. He’s also the chairman of the board for the Economic Development Growth Engine for Memphis and Shelby County, and its related entities.

90. Bright Joins Evolve Bank Board of Directors -

Memphis attorney Al Bright Jr. has joined the board of Evolve Bank & Trust.

Bright is a law partner in the Memphis office of Waller Lansden Dortch & Davis LLP, where he practices business law. He’s also the chairman of the board for the Economic Development Growth Engine for Memphis and Shelby County, and its related entities.

91. Morris Promoted at Commercial Bank -

Greg Morris has been promoted to assistant vice president at Commercial Bank and Trust Co.

92. Arkansas Bank Buys First State Bank -

Arkansas-based Simmons First National Corp. announced this week that it’s reached a deal to buy the parent company of First State Bank.

93. Arkansas Bank Buys First State Bank -

Arkansas-based Simmons First National Corp. announced this week that it’s reached a deal to buy the parent company of First State Bank.

94. Morris Promoted at Commercial Bank and Trust -

Greg Morris has been promoted to assistant vice president at Commercial Bank and Trust Co.

95. First State Bank Given SBA Lending Honor -

First State Bank has been named the 2013 Small Business Administration Community Bank of the Year for Tennessee.

96. 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.

97. Trustmark Bank Opens Headquarters in East Memphis -

Trustmark Bank has officially opened its new regional headquarters location in East Memphis.

The regional headquarters opened at the 5350 Poplar Ave. office building, which has been renamed Trustmark Centre. The bank acquired naming rights as a part of the 12.5-year lease Trustmark Corp. signed in November.

98. 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.

99. First State Bank Given SBA Lending Honor -

First State Bank has been named the 2013 Small Business Administration Community Bank of the Year for Tennessee.

100. First-Quarter Bankruptcies Remain Flat -

Bankruptcies in Shelby County were almost the same in number for the first three months of 2014 as they were for the first quarter of 2013.

There were 3,036 bankruptcies filed in the U.S. Bankruptcy Court for the Western District of Tennessee in the first quarter, a slight increase from the 3,031 filed during the first quarter of 2013, according to The Daily News Online, www.memphisdailynews.com.