Profitability of Memphis banks falls in Q2, still exceeds national average

By , Special to the Daily Memphian Updated: August 28, 2020 2:16 PM CT | Published: August 28, 2020 2:03 PM CT

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.

Bluff City Biz

Sign up to get the latest news and analysis from our Business team.

Manage Your Email Subscriptions

Christin 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.


Comment On This Story

Become a subscriber to join the discussion.
Bluff City Biz

Sign up to get the latest news and analysis from our Business team.

Manage Your Email Subscriptions