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.

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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.


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