Deposits in Memphis banks soar 23% from a year ago
Federal Paycheck Protection Program and a flight to cash cited as reasons for dramatic increase in local bank deposits.
Christin Yates
Freelance Reporter
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.
There are 264 articles by Christin Yates :
-
October 2020
-
Business -
Spirit of Memphis Hub of Memphis outdoors activities created for visitors, residents
Memphis Tourism measured a 40% increase in likely Memphis visitors who report being interested in “adventurous outdoor activities” since the pandemic hit.
-
-
September 2020
-
Business Robertson discusses new role at Saks Fifth Avenue
In her new role, Memphian Lori Spicer Robertson says she will have the opportunity to transform and touch people differently than what is possible in other positions.
-
Business Memphians are hitting the road, despite pandemic
Great Smoky Mountains National Park recently announced that July 2020 was its busiest month in 23 years, with 1.7 million visitors.
-
Business Local consumer sentiment survey more positive than expected
All 650 respondents were residents of Shelby County and DeSoto County in North Mississippi, spanning more than 40 ZIP codes.
-
Business MUS grad helping high school students learn about personal finance
Over time, Philip Blackett hopes expand the Dave Ramsey course he sponsors to other schools in Memphis and the Boston area.
-
Business Investment strategies during pandemic, election season
Investors should look at their time horizon and goals for retirement, not base decisions on any one event, local wealth managers say.
-
Neighborhoods CHF Family House opens to pediatric patients, families
The Chris Hope Foundation was founded in 2015 to help ease the financial and emotional burdens that families face when their child is fighting a life-threatening illness.
-
Update
East MemphisFirst Commercial Bank expands to Memphis with local talent
First Commercial operations will include Memphis banking veterans including Sam Jenkins, who will run Memphis operations for the bank.
-
-
August 2020
-
Business Profitability of Memphis banks falls in Q2, still exceeds national average
Commercial banks and savings institutions nationally saw a decrease in net income of 70% from a year ago, according to a new report by the FDIC.
-
Business The ‘heart’ of SCO to retire
Dr. Betty Harville was the first Black female optometrist in Tennessee and first Black woman in the U.S. to become a full-time optometry school professor.
-
Business SBA releases PPP loan forgiveness guidelines
There’s a possibility that a third application will be released, which would be a “super EZ” application for loans under a certain amount.
-
Business Bullard: Virus has been less severe, more persistent than expected
President of the St. Louis Federal Reserve believes the incentives are strong on both sides of the aisle in Congress to come to a deal on additional stimulus.
-
-
July 2020
-
Downtown New pre-development grant program moves forward to DMC vote
Among the terms of the grant, applicants must make a “best faith effort” to reach out to minority- and women-owned business enterprises (MWBEs) for consulting/contracting opportunities.
-
City of Memphis Despite pandemic, wheels still rolling at MIFA
Since March, it has received 3,341 applications for emergency financial assistance with 80% of the requests citing COVID-19 as the reason for applying.
-
Business Investors, startups ‘grit and grind’ together at virtual Demo Day
Charles W. Simmons of CW Simmons Consulting LLC has worked with Epicenter to create a new Growth Program accelerator for companies beyond the startup phase.
-
Business PPP loans are bright spots, but banks face uncertainties
Banks could not give guidance on future quarters, given unknowns surrounding the coronavirus and its potential impact on the U.S. economy and consumers.
-
Subscribers only
BusinessChris Hope Foundation will help house families of seriously ill children
The Chris Hope Foundation is celebrating its five-year anniversary and a new house for families with a child in one of the Memphis children's hospitals should be ready in September.
-
Business Pinnacle touts mortgage business in Q2 affected by COVID-19
Pinnacle granted payment deferrals on $4.4 billion in loans and issued $2.2 billion in Paycheck Protection Program (PPP) loans to customers affected by the pandemic.
-
Business Three local startups prepare for Demo Day after accelerator program
Local entrepreneurs saw market opportunities in the medical industry for their products and services, and will be looking for additional seed capital to move forward.
-
Business First Horizon says additional stimulus would benefit many customers
Loan loss provisions increased to $538 million, up from $145 million the previous quarter.
-
Business Local business leaders share challenges of COVID-19
The three Memphis business leaders all acknowledged that some aspects of COVID-19 life will continue indefinitely.
-
Downtown Bluff City Greens addresses food deserts
New delivery business is set to open its first fully automated grocery fulfillment center next year to serve customers across Memphis.
-
Business Beige Book reports increase in economic activity, but well below 2019 levels
Home sales and construction activity were among the brightest spots in economic activity in the Federal Reserve District that includes Memphis.
-
-
June 2020
-
Business Local journalists, PR professionals stress importance of media diversity
PRSA Memphis and Memphis Association of Black Journalists emphasize in "Media and Racism" webinar how diversity at all levels in media help organizations paint a true picture.
-