Deposits in Memphis banks soar 23% from a year ago
“We picked up quite a few customers from other banks,” Triumph Bank president and CEO Willi Chase said of the PPP loans. “Our process might have been easier than it was at other places.” (Daily Memphian file)
Federal Paycheck Protection Program and a flight to cash cited as reasons for dramatic increase in local bank deposits.
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Triumph Bank Pinnacle Financial Partners BancorpSouth Bank FDICChristin Yates
Christin Yates is a native Memphian who has worked in PR and copywriting since 2007. She earned her B.S. in public relations and M.S. in mass communications from Murray State University.
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