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VOL. 132 | NO. 68 | Wednesday, April 5, 2017

Daily Digest

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Malco to Reopen Rebranded Wolfchase Cinema April 13

Malco is reopening its eight-screen, 30,000-square-foot Wolfchase Cinema April 13 and rebranding it as the Wolfchase Cinema Grill.

The theater closed in January to undergo extensive renovations, including upgrading all auditoriums with luxury seating and retrofitting the lobby with a sleek, modern concession area. The Cinema Grill will offer an expanded dining menu to include gourmet quick-casual selections as well as a bar with beer and wine.

– Andy Meek

FTN Financial Completes Acquisition of Houston Firm

FTN Financial, the capital markets division of First Tennessee Bank, has completed its acquisition of Houston-based Coastal Securities Inc., a leader in the trading, securitization and analysis of Small Business Administration loans.

Coastal Securities also trades U.S. Department of Agriculture loans and fixed-income products and provides municipal underwriting and advisory services to clients.

When the deal was announced in October, FTN Financial president Mike Kisber said that it will, among other things, help establish an additional major product sector for FTN Financial thanks to Coastal’s government-guaranteed loan products.

Combined with FTN’s existing SBA trading activities, FTN says the acquisition will also help increase revenue and product diversification.

When announced last October, the all-cash acquisition was estimated at $160 million.

– Andy Meek

U of M Law Symposium To Explore Judicial Independence

The Cecil C. Humphrey University of Memphis Law School Symposium will examine the concept of judicial independence.

The daylong symposium Friday, April 7, is titled “The Fragile Fortress” and will feature four federal judges, four legal scholars, a former U.S. attorney general and the chief justice of the Costa Rican Supreme Court.

The symposium sessions at the law school, 1 N. Front St., will feature former U.S. Attorney General Michael B. Mukasey, who served in the administration of President George W. Bush. Mukasey will talk specifically about political criticism of judges and their rulings.

Federal Appeals Court Judge Bernice Donald of Memphis will speak on judicial independence among the different levels of the courts.

U.S. District Judge Timothy J. Corrigan of Florida’s Middle District will speak on the impact threats of violence have on judicial independence.

Senior Federal Judge Sterling Johnson Jr. of New York will talk about judicial sentencing discretion and the sentencing standards set by Congress.

U.S. District Judge R. David Proctor of the northern district of Alabama will explore how impeachment and “court-packing” affect judicial independence.

Justin Walker, a professor of the University of Louisville Brandeis School of Law, will explore whether judges should make their papers public when they retire.

And Patrick Walsh of the Federal Law Enforcement Training Center will discuss the use of covert intelligence in federal criminal cases.

The symposium has been approved for continuing legal education credit in Tennessee, Arkansas and Mississippi.

The annual event is sponsored by the Federal Bar Association’s Memphis-Mid-South Chapter; Lewis, Thomason, King, Krieg & Waldrop P.C.; and the Association for Women Attorneys. For more information, visit memphislawsymposium.com.

– Bill Dries

ArtsMemphis Announces Finalists for $10K Award

ArtsMemphis will present its seventh annual Emmett O’Ryan Award for Artistic Inspiration at a ceremony this Thursday, April 6, at the Memphis Brooks Museum of Art. The Emmett is given each year to a local artist who has demonstrated creative and civic leadership within the Memphis arts community. The winner receives a $10,000 cash award.

The award is named in honor of Emmett O’Ryan, an avid art collector who was a founding board member of Metropolitan Bank. The winning artist is selected by a committee composed of Metropolitan Bank associates, members of ArtsMemphis’ Artist Advisory Council and representatives of O’Ryan’s family.

The three finalists are: Carl Moore, a local visual artist best known for his vivid, high-contrast paintings; Maritza Davila, a highly regarded printmaker who teaches at Memphis College of Art; and Jennifer Sargent, an award-winning fiber artist.

– Don Wade

Bohannon to Lead Cumulus Media-Memphis

Cumulus Media has appointed radio broadcasting executive Morgan Bohannon to vice president/market manager for Cumulus Media’s four-station group in Memphis.

Bohannon, a Memphis native, joins Cumulus from iHeartMedia-Memphis, where he was most recently area president. He served iHeartMedia/Clear Channel Radio in various capacities and markets for over 20 years, and was previously market manager for iHeartMedia-Memphis; director of sales for iHeartMedia in Greenville, S.C.; and regional vice president for Clear Channel Radio in Charlotte, N.C. Bohannon was also previously director of sales for Apex Broadcasting. Bohannon is board chairman for The First Tee of Memphis and Junior Achievement of the Mid-South and is a member of the board of directors of The Consortium MMT.

– Don Wade

PROPERTY SALES 51 328 20,960
MORTGAGES 58 387 24,132
BUILDING PERMITS 170 842 43,435
BANKRUPTCIES 50 288 13,468