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Editorial Results (free)

1. Banks Team Up for Saturday Event to Help Memphians Improve Credit -

In an effort to support credit and financial counseling of Memphis residents, more than a dozen local banks that banded together last year to form the Memphis Area Community Reinvestment Act Association are preparing to host their first collective event this weekend.

2. Last Word: One for Graceland, Randy Boyd in Millington and Green Eyeshades -

From the distance of 50 years – half a century – it’s hard to relate what it was like to grow up in the 1960s – in particular the year 1968 in a city that figured prominently in the year’s turbulent trajectory.

3. Trustmark Bank Scores No. 1 Ranking In Customer Satisfaction Survey -

With intense competition in the Memphis banking market to win over new customers and keep their existing ones, customer satisfaction is key. In the most recent J.D. Power U.S. Retail Banking Satisfaction Study, Trustmark National Bank scored the highest marks for the South Central region, which includes Memphis.

4. Two Large Industrial Portfolios in Southeast Memphis Sold -

4049 Willow Lake Blvd., Memphis, TN 38118 (portfolio)

Sale Amount: $21.8 million

Buyer: Faropoint Ventures

Buyer Rep: Brian Califf, NAI Saig Co.

5. Rapid Expansion -

For the fifth time in a little more than two years, commercial real estate brokerage Avison Young is growing in Memphis. Now the rapidly expanding local franchise, which started out as two men in a temporary office and currently employs 15, will be occupying 5,200 square feet in an iconic building along the Poplar corridor, more than doubling its previous footprint.

6. New Construction North Of State Line Highlights Busy Q4 -

A flurry of large-scale build-to-suit projects north of the Tennessee-Mississippi state line – the first of their kind in a decade – capped off a busy 2017 for the Memphis industrial market, which closed the fourth quarter with 665,896 square feet of net absorption, according to Cushman & Wakefield/Commercial Advisors’ latest Marketbeat report.

7. Trustmark Corp. Reports Q4, Full-Year Earnings -

Trustmark Corp., the Jackson, Miss.-based parent company of Trustmark National Bank, has reported net income of $15.8 million in the fourth quarter of 2017, which represented diluted earnings per share of 23 cents.

8. Digest -

Memphis Toys R Us

To Remain Open

A representative with Toys R Us has confirmed to The Daily News that the retailer’s Memphis location, at 7676 Polo Ground Blvd., won’t close after all.

9. Trustmark Corp. Reports Q4, Full-Year Earnings -

Trustmark Corp., the Jackson, Miss.-based parent company of Trustmark National Bank, has reported net income of $15.8 million in the fourth quarter of 2017, which represented diluted earnings per share of 23 cents.

10. Dunavant Awards Will Feature Hardy As Keynote -

As a lifelong Memphian and successful entrepreneur, Carolyn Hardy is all about finding new ways to grow the city.

11. Possible Trader Joe’s Update, New $35M Airport Facility -

In this week’s Real Estate Recap, a new development in the saga of Germantown’s Trader Joe’s, Memphis International Airport begins work on a new $35 million facility, and Central BBQ announces a new a location...

12. Faropoint Sells Asset Near FedEx Headquarters -

A 15,400-square-foot retail center around the corner from FedEx’s World Headquarters has been purchased by a California investor for $2.7 million.

Judith Obermeir of San Luis Obispo bought the center at 3315 Hacks Cross Road from Israeli investment firm Faropoint Ventures, which had purchased it in June 2016 for $2.2 million.

13. Faropoint Sells Asset Near FedEx Headquarters -

A 15,400-square-foot retail center around the corner from FedEx’s World Headquarters has been purchased by a California investor for $2.7 million.

Judith Obermeir of San Luis Obispo bought the center at 3315 Hacks Cross Road from Israeli investment firm Faropoint Ventures, which had purchased it in June 2016 for $2.2 million.

14. Pinnacle Financial Adds to Memphis Team -

Justin Gordon, Logan Welch, Michelle Butler and Amy Dunnam have joined Pinnacle Financial Partners, all based at the main office on Shady Grove Road.

15. Pinnacle Financial Adds to Memphis Team -

Justin Gordon, Logan Welch, Michelle Butler and Amy Dunnam have joined Pinnacle Financial Partners, all based at the main office on Shady Grove Road.

16. Pinnacle Adds to Local Mortgage Teams -

Stephanie Pilkington and Ken Pruett have joined Pinnacle Financial Partners as senior vice presidents and mortgage advisers.

17. Pinnacle Adds to Local Mortgage Teams -

Stephanie Pilkington and Ken Pruett have joined Pinnacle Financial Partners as senior vice presidents and mortgage advisers.

18. Faropoint Buys 2 Properties After Trustmark Centre Sale -

Fresh off of the sale of Trustmark Centre, Faropoint Ventures has acquired two more substantial office assets.

The Israeli investment firm bought the Lipscomb & Pitts Building, 2670 Union Ave. Extended, and Poplar Towers, 6263 Poplar Ave., for a combined $19.3 million using capital from the Trustmark Centre sale. The purchase also includes the high-end restaurant Fleming’s, 6245 Poplar, and an AT&T store at 6267 Poplar, both outparcels to Poplar Towers.

19. Last Word: The Run, 70 Million Gallons a Day and More Shipping Containers -

This will be another busy week on the political front with more candidates declaring their intentions in advance of Thanksgiving. Meanwhile, Republican contender for governor Randy Boyd ends his run across the state Tuesday morning on Mud Island – a variation on Lamar Alexander’s walk across the state in the 1978 Republican primary for Governor that remains a part of the state’s political folklore almost 40 years later.

20. Iconic E. Memphis Office Building Sells for $19.7M -

Nashville-based Magnolia Capital Investments has purchased the Trustmark Centre located at 5350 Poplar Ave. from Israeli investors, Faropoint Ventures. Faropoint intends to reinvest proceeds from the sale to buy other Memphis properties.

21. Faropoint Acquires Office Portfolio for $19.3M -

Fresh off of the sale of the Trustmark Centre, Faropoint Ventures has acquired two more substantial office assets.

The Lipscomb Pitts Building, located at 2670 Union Ave. Ext.,  and Poplar Towers, located at 6263 Poplar Ave., were both purchased by the Israeli investment firm for $19.3 million using the capital they accrued from the aforementioned deal.

22. Trustmark Centre Sells for Nearly $20M -

An iconic East Memphis office building has switched hands for $19.7 million.

Nashville-based Magnolia Capital Investments has purchased the Trustmark Centre located at 5350 Poplar Ave. from Israeli investment group Faropoint Investments.

23. Last Word: Black & Boyd, SCS Refuses State Order and Opening Tigers Basketball -

There were already some sparks between U.S. Rep. Diane Black and former Tennessee Commissioner of Economic and Community Development Randy Boyd in the Republican primary for Governor. They were evident at the Oct. 20 forum among the six declared GOP candidates here when the Tennessee Federation of Republican Women met. Black went after Boyd Tuesday and the back and forth suggests at this very early stage this is turning into a race between these two.

24. Trustmark Centre Sells for Nearly $20M -

An iconic East Memphis office building has switched hands for $19.7 million.

In the deal, Nashville-based Magnolia Capital Investments purchased the Trustmark Centre located at 5350 Poplar Ave. from Israeli investors, Farpoint Investments.

25. Real Estate Market In Focus At Seminar -

The Daily News will host its annual Commercial Real Estate Review & Forecast Seminar on Thursday, Nov. 2, at the Memphis Brooks Museum of Art, 1934 Poplar Ave.

26. FDIC Report Shows Top Memphis Banks -

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.

27. Milford Joins Chamber As Programming, Events Director -

Ericka Milford recently joined the Greater Memphis Chamber as director of events and programming, a job in which she’s responsible for planning and executing chamber events and programs and for increasing engagement opportunities for members and the community. Milford’s new role marks her return to the chamber, where she served as events coordinator from 2007 to 2012 before taking a job with HigherVisibility.

28. Trustmark Bank Expands Into Huntsville Market -

The parent company of Trustmark Bank has announced a $25.6 million merger with RB Bancorporation, the holding company for Reliance Bank, which has seven offices that serve the Huntsville, Alabama, metro area.

29. Trustmark Bank Expands Into Huntsville Market -

The parent company of Trustmark Bank has announced a $25.6 million merger with RB Bancorporation, the holding company for Reliance Bank, which has seven offices that serve the Huntsville, Alabama, metro area.

30. The Week Ahead: November 14-20 -

Good morning, Memphis! It’s finally feeling like fall outside – just in time for Graceland to flip with switch on Elvis’ Christmas light display. Plus, we have details on a couple of autumn-themed parties, plenty of basketball, and more to keep you busy in The Week Ahead…

31. Trustmark Centre Building Sells for $14.5 Million -

An office building at 5350 Poplar Ave. in the prime East Memphis office submarket has been sold.

The Trustmark Centre building, located between Valleybrook and West Suggs Drive, was purchased by Tennessee and New York investment companies doing business as 5350 Poplar Office Center LLC for $14.47 million.

32. Trustmark Centre Building Sells for $14.5 Million -

An office building at 5350 Poplar Ave. in the prime East Memphis office submarket has been sold.

The Trustmark Centre building, located between Valleybrook and West Suggs Drive, was purchased by Tennessee and New York investment companies doing business as 5350 Poplar Office Center LLC for $14.47 million.

33. Last Word: Early Voting Lines, Bank Moves, and Death of the Hi-Tone Mural -

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.

34. Trustmark Centre Building Sells for $14.5 Million -

An office building at 5350 Poplar Ave. in the prime East Memphis office submarket has been sold.

The Trustmark Centre building, located between Valleybrook and West Suggs Drive, was purchased by Tennessee and New York investment companies doing business as 5350 Poplar Office Center LLC for $14.47 million.

35. Courtney Joins Vet Staff At Downtown Animal Hospital -

Veterinarian Dr. Jackie Courtney has joined Downtown Animal Hospital, where she specializes in critical pet care, internal medicine and exotic animal medicine. 

36. Jordan Takes Leading Role At Child Advocacy Center -

Mark Jordan has joined the Memphis Child Advocacy Center as development director, responsible for connecting people in a meaningful way to the critical services MCAC provides to vulnerable children. In his new role, Jordan will create and administer a comprehensive development plan to both enhance connections and build new relationships with volunteers and the philanthropic community to grow fundraising, donor relations and public engagement. 

37. Trustmark Sees $21.5M Profit in Second Quarter -

Trustmark Corp. has reported net income of $21.5 million for the second quarter of 2016.

That’s down from a little more than $30 million in the year-ago period.

38. Trustmark Sees $21.5M Profit in Second Quarter -

Trustmark Corp. has reported net income of $21.5 million for the second quarter of 2016.

That’s down from a little more than $30 million in the year-ago period.

39. Trustmark Bank Pursuing Share Buyback Program -

The parent company of Trustmark Bank earned $27 million in net income in the first quarter.

On the heels of its earnings announcement, Trustmark’s board also declared a quarterly cash dividend of $0.23 per share, payable June 15.

40. Trustmark Bank Pursuing Share Buyback Program -

The parent company of Trustmark Bank earned $27 million in net income in the first quarter.

On the heels of its earnings announcement, Trustmark’s board also declared a quarterly cash dividend of $0.23 per share, payable June 15.

41. McLean Wilson To Address Crosstown’s Resurgence -

Four years ago, the Sears Crosstown building started on a complete transformation into becoming a vertical urban village as Crosstown Concourse. It hasn’t been an easy journey for McLean Wilson, leader of the abandoned building’s $200 million redevelopment, but it’s one that has the potential to uplift other disinvested areas in Memphis commercial real estate.

42. Lucas Named CIO at Regional One -

Jackie Lucas has joined Regional One Health as senior vice president and chief information officer. In her new role, Lucas is responsible for information technology and telecommunications for the organization.

43. Earnings Season Roundup -

International Paper Reports Q2 Earnings Growth: International Paper reports its second-quarter net earnings grew while net sales for the quarter decreased slightly.

The Memphis-based company, which released its quarterly financial results Wednesday, July 29, said second-quarter earnings totaled $227 million, or 54 cents per share. That’s up from $161 million, or 37 cents per share, in second quarter 2014, but down from $313 million, or 74 cents per share, in first quarter 2015.

44. Trustmark Corp. Reports Second-Quarter Profit -

Trustmark Corp., the parent company of Trustmark Bank, has reported a second-quarter profit of $30.6 million, which represents diluted earnings per share of 45 cents.

45. Pinnacle Financial Partners Adds to Memphis Team -

The team launching Nashville-based Pinnacle Financial Partners’ expansion into the Memphis market is getting bigger.

The bank has added another three in Memphis, bringing the total so far to 11. The new additions – Rick Neal, Richard Harris and Nicole Pickens – come from Trustmark Bank, Paragon Bank and First Tennessee, respectively.

46. Local Wealth Managers Put Service Above Self -

Service over self is the Rotarian creed, and one that local wealth manager William (Bill) Pickens, has embraced in his life.

As founder of Gift of Life International’s local chapter, Gift of Life Mid-South – an organization that brings children with congenital heart defects from developing countries to Memphis to undergo lifesaving surgery – Pickens has put his mantra to work in tangible ways.

47. Council Pursues Budget Loose Ends, Votes on Brewery Funding -

Memphis City Council members will vote Tuesday on $2.5 million in city funding for the Tennessee Brewery redevelopment.

The members also have budget changes to work out before final budget votes later this month. They will tackle those issues during a Tuesday morning committee session.

48. Farm Feast -

The first elementary school students came to Agricenter International for some hands-on education more than a decade ago. About 80 students went on a literal field trip, walking through the cotton, soybean and cornfields.

49. Trustmark Grows Earnings in 2014 -

Trustmark Corp. has reported net income of $28.1 million for the fourth quarter, representing earnings per share of $0.42.

50. Trustmark Grows Earnings in 2014 -

Trustmark Corp. has reported net income of $28.1 million for the fourth quarter, representing earnings per share of $0.42.

51. 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.

52. Tanger Outlets Confirms Southaven Involvement -

Tanger Factory Outlet Centers Inc. has confirmed what The Daily News first reported in December: It will play a key role in the development of a massive outlet mall in Southaven.

53. Making a Statement -

One of the regional banking players in Memphis is Jackson, Miss.-based Trustmark Bank, which took a big step that made a statement in Memphis this year.

54. Trustmark’s Neal Finds Plenty to Like in CRE -

Trustmark National Bank senior vice president Rick Neal, who manages the bank’s commercial real estate efforts for the Memphis region, came to the bank in 2012 for a couple of reasons.

55. Trustmark Sees Third-Quarter Net Income Gain -

Trustmark Corp.’s just-ended third quarter saw the bank grow its net income slightly.

The bank reported $33.6 million of net income, up 2 percent from the prior quarter and third quarter of 2013. During the first nine months of 2014, Trustmark’s net income totaled $95.5 million, up 6 percent from the prior year.

56. Trustmark Sees Third-Quarter Net Income Gain -

Trustmark Corp.’s just-ended third quarter saw the bank grow its net income slightly.

The bank reported $33.6 million of net income, up 2 percent from the prior quarter and third quarter of 2013. During the first nine months of 2014, Trustmark’s net income totaled $95.5 million, up 6 percent from the prior year.

57. Trustmark Grows Income in Second Quarter -

Trustmark Corp. has reported net income of $32.9 million for the second quarter.

That represents earnings per share of 49 cents, up 14 percent from the prior quarter and 6.5 percent from the same period last year. Trustmark president and CEO Gerard R. Host said the solid results included a 7.5 percent increase in total revenue and represented the fifth straight quarter of growth in the company’s legacy loan portfolio.

58. Trustmark Grows Income in Second Quarter -

Trustmark Corp. has reported net income of $32.9 million for the second quarter.

That represents earnings per share of 49 cents, up 14 percent from the prior quarter and 6.5 percent from the same period last year. Trustmark president and CEO Gerard R. Host said the solid results included a 7.5 percent increase in total revenue and represented the fifth straight quarter of growth in the company’s legacy loan portfolio.

59. Trustmark Regional President Reflects on Future -

When yours is a bank that’s traditionally had a suburban footprint, moving inside the Interstate 240 loop to open a new regional headquarters is the kind of thing that makes a statement.

Trustmark’s newly opened regional headquarters, at 5350 Poplar Ave. in East Memphis, was an attempt to do just that. It came after Gene Henson, the bank’s Memphis region president, had been hunting for such a space for years – for pretty much the entirety of his time in Memphis, actually.

60. 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.

61. Trustmark Corp. Reports Strong Q1 -

Trustmark Corp. had a strong start to 2014.

The parent company of Trustmark Bank reported net income of $29 million in the first quarter, up 13.2 percent compared to one year earlier. Trustmark president and CEO Gerard Host said the quarter’s results, coupled with its profitability and strong capital base, mark a positive start to its 125th year in business.

62. 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.

63. Trustmark Corp. Reports Strong First Quarter -

Trustmark Corp. had a strong start to 2014.

The parent company of Trustmark Bank reported net income of $29 million in the first quarter, up 13.2 percent compared to one year earlier. Trustmark president and CEO Gerard Host said the quarter’s results, coupled with its profitability and strong capital base, mark a positive start to its 125th year in business.

64. Orpheum Files Permit For Performing Arts Center -

225 S. Main St.
Memphis, TN 38103

Permit Cost: $10.2 million

Project Cost: $14.5 million

65. D1 Sports Buys Land, Files Construction Loan -

An affiliate of Franklin, Tenn.-based D1 Sports Training has bought 1.9 acres of land in Collierville and filed a construction loan for a 19,062-square-foot sports facility on the property.

DP Memphis LLC paid $375,000 for the vacant parcel, whose address is known as 85 Market Center Drive, in a Feb. 4 special warranty deed from Schilling Farms LLC.

66. Office Occupancy Ends 2013 on High Note -

An unusually strong fourth quarter helped push the overall Memphis office market occupancy rate into positive territory for 2013, according to year-end commercial real estate market reports.

The Memphis market recorded absorption of 225,338 square feet in the fourth quarter – the largest positive absorption the market has experienced during any quarter in more than 10 years – to end the year with positive net absorption of 40,558 square feet, according to CB Richard Ellis Memphis.

67. Trustmark to Release Q4 Earnings Jan. 28 -

Trustmark Corp. will announce its fourth quarter 2013 financial results in a news release on Jan. 28 after close of the market.

68. Trustmark to Release Q4 Earnings Jan. 28 -

Trustmark Corp. will announce its fourth quarter 2013 financial results in a news release on Jan. 28 after close of the market.

69. Banner Year for East Memphis Office Space -

The Memphis office real estate market began showing signs of life in 2013, with the market for Class A office space in the East Memphis submarket fueling the resurgence.

While the city’s overall office market numbers may not appear very strong, the city’s most desired office submarket – East Memphis around Poplar Avenue and Interstate 240 – began showing strong signs of improvement in the second half of the year.

70. Aluma-Form to Open Miss. Manufacturing Facility -

Memphis-based Aluma-Form Inc. will open a manufacturing facility in Walnut, Miss.

The planned 70,000- to 80,000-square-foot facility on a 17-acre site is expected to employ around 125 people.

71. Out-of-Town Banks Target Memphis for Growth -

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.

72. Aluma-Form to Open Mississippi Manufacturing Facility -

Memphis-based Aluma-Form Inc. will open a manufacturing facility in Walnut, Miss.

The planned 70,000- to 80,000-square-foot facility on a 17-acre site is expected to employ around 125 people.

73. Mortgage Market Up 10 Percent in November -

Borrowers are still rushing to lock in low rates, take advantage of a seemingly improving economy and get those keys to a new home in their hands.

That’s what the latest monthly mortgage numbers would suggest, as do the mortgage industry professionals who say borrowers kept the phones ringing at pretty much a steady clip in November compared to the previous month and helped November see a 10 percent uptick in the county’s mortgage volume.

74. Mortgage Market Up 12 Percent in October -

As the year is drawing to a close and the weather is cooling down, the local mortgage market keeps heating up. Continuing a trend that’s held somewhat steady, the market for mortgages in Shelby County continues to improve over the past year.

75. Trustmark Reports Profitable 3rd Quarter -

Trustmark Corp. earned a profit of $33 million in the third quarter.

The bank reported this week its earnings per share were up 6.5 percent from the prior quarter, and that total revenue increased to $145.6 million.

76. Trustmark Reports Profitable Third Quarter for Company -

Trustmark Corp. earned a profit of $33 million in the third quarter.

The bank reported this week its earnings per share were up 6.5 percent from the prior quarter, and that total revenue increased to $145.6 million.

77. Events -

Rhodes College will host a Constitution Day lecture featuring historian Gordon Wood on Tuesday, Sept. 17, at 7 p.m. in the McCallum Ballroom of the Bryan Campus Life Center on campus, 2000 North Parkway. Wood will present “The Making of the Constitution.” Cost is free. Visit rhodes.edu.

78. Events -

FedEx will host the 34th annual fashion show and auction benefiting The Baddour Center on Monday, Sept. 16, from 10 a.m. to 1 p.m. at the Hilton Memphis, 939 Ridge Lake Blvd. Registration begins at 10 a.m.; the luncheon and program begin at 11 a.m. Tickets are $40. Visit baddour.org or call 662-366-6930.

79. Trustmark Reports Second-Quarter Earnings -

Trustmark Corp. reported a second-quarter profit of $31.1 million, resulting in earnings per share of $0.46.

80. Trustmark Reports Second-Quarter Earnings -

Trustmark Corp. reported a second-quarter profit of $31.1 million, resulting in earnings per share of $0.46.

81. Former Ike’s on Summer Sells for $2.7 Million -

4569 Summer Ave. Memphis, TN 38122

Sale Amount: $2.7 million

Sale Date: May 17, 2013

82. Iberiabank Installs New Executive in Memphis -

Iberiabank has a new senior vice president and commercial relationship manager in the bank’s Memphis market.

Brandon Cooper will be in the bank’s Memphis-area corporate office at 4984 Poplar Ave. He comes to Iberiabank from Trustmark National Bank, where he was first vice president and commercial relationship manager.

83. Former Ike’s on Summer Sells for $2.7 Million -

A 16,085-square-foot former Ike’s drug store at the corner of Summer Avenue and North Perkins Road in Berclair has sold for $2.7 million.

FSC FMC-FD Memphis TN LLC, which lists a Lake Como, N.J., address, bought the property at 4569 Summer Ave. on May 17 from FDS Holdings LLC and Blue Cedar Properties LLC.

84. Iberiabank Installs New Executive in Memphis -

Iberiabank has a new senior vice president and commercial relationship manager in the bank’s Memphis market.

Brandon Cooper will be in the bank’s Memphis-area corporate office at 4984 Poplar Ave. He comes to Iberiabank from Trustmark National Bank, where he was first vice president and commercial relationship manager.

85. Rhodes Honors Gray for Outstanding Research -

Dr. Patrick Gray, an associate professor in Rhodes College’s department of religious studies, has received the college’s Clarence Day Award for Outstanding Research. Gray’s research centers on biblical studies, specifically the history and literature of early Christianity and the Greco-Roman context.

86. Lender Buys Bartlett Office Building After Default -

The 59,882-square-foot Bartlett Square office building at 5705 Stage Road in Bartlett has been sold back to the lender following a foreclosure.

87. Trustmark Buys Branches From SOUTHBank -

Trustmark National Bank has inked a branch purchase and assumption agreement to acquire two branches of SOUTHBank to serve the Oxford, Miss., market.

88. Trustmark Buys Two Branches From SOUTHBank -

Trustmark National Bank has inked a branch purchase and assumption agreement to acquire two branches of SOUTHBank to serve the Oxford, Miss., market.

89. Nike Buys Frayser Land From Belz for Expansion -

200 acres in Frayser Sale Amount: $2.2 million

Sale Date: Jan. 24, 2013

Buyer: Nike TN Inc.

90. 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.

91. Aluma-Form Files $1.8 Million Loan on Facility -

Memphis-based Aluma-Form Inc., whose headquarters are at 3625 Old Getwell Road in Oakhaven, has filed a $1.8 million loan on the property through Trustmark Inc.

92. Fewer US Banks Fail as Industry Strengthens -

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.

93. Rheumatology Clinic Buys Germantown Office Building -

7660 Poplar Pike Germantown, TN 38138

Sale Amount: $986,850

Sale Date: Nov. 14, 2012

94. Rheumatology Clinic Buys Germantown Office Building -

Rheumatology Specialty Clinic PLLC has bought the 4,728-square-foot building at 7660 Poplar Pike in Germantown for slightly less than $1 million.

95. Third-Quarter Earnings Vary Widely -

Third-quarter earnings season is wrapping up, and the results have been all over the map for banks and financial institutions with ties to Memphis.

One common thread: many are still making money – an increase in profits, in fact. But the low interest rate environment is eating into how much some of them are able to achieve.

96. Trustmark Profit Rises as Bad Loans Fall -

JACKSON, Miss. (AP) — Trustmark Corp. says profit in 2012's third quarter rose 10.9 percent from the same three months of 2011, as it paid less interest on deposits and set aside less money to cover future bad loans.

97. Shelby Oaks Red Roof Inn Sells for $1.6 Million -

6055 Shelby Oaks Drive
Memphis, TN 38134

Sale Amount: $1.6 million

Sale Date: Sept. 19, 2012

98. Courtyard by Marriott Owner Files $15M Loan -

The company that developed and owns the Courtyard by Marriott hotel at 75 Jefferson Ave. has filed a $15 million loan on the Downtown property.

99. Herbalife Plans to Expand Memphis Distribution Center -

5025 Crumpler Road
Memphis, TN 38141

Permit Cost: $4.8 million

Permit Date: Applied August 2012

100. Former Ike's Sells for $1.3 Million -

A 16,085-square-foot former Ike’s drug store at the corner of Summer Avenue and North Perkins Road has sold for $1.3 million, or about $81 a square foot.

3C Summer Partners LLC, which lists a residential address in Brentwood, Tenn., bought the property from Stephen L. LaFrance Pharmacy Inc., filing a $1.7 million loan through Trustmark National Bank at the time of purchase.