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<strong>First Horizon Bank downtown headquarters on Wednesday, Nov. 6, 2019. </strong>(Mark Weber/The Daily Memphian file)Business

First Horizon acquisition expected to close by April

According to the CEO of Toronto-Dominion Bank, the deal has been delayed due to U.S. regulatory oversight as well as the drafting of a community benefits agreement. 

By Rob Moore January 11, 2023
Financial Services

Kudzukian, Momentum to help nonprofits up their digital game

Winners get free studio and production time; applications open Jan. 18.

By Jane Roberts January 07, 2023
Financial Services

Chase bank set to enter Memphis market

Chase, which reported assets of $3.31 trillion in 2022, plans to open at least six branches in the Memphis area and employ eight to 10 people at each location. 

By Rob Moore January 07, 2023
Subscribers only Business

How the Memphis-based public companies spent 2022

Mergers and acquisitions, leadership transitions, uncertain economic conditions, global tensions — local publicly traded companies faced numerous challenges in 2022.

By Rob Moore January 03, 2023

  • Subscribers only Business

    What Memphis-based public companies predict for 2023

    Memphis-based public companies FedEx, International Paper, Sylvamo and AutoZone have cautious outlooks for 2023. 

    By Rob Moore January 01, 2023
  • Guest Columnists

    Hutchinson: Consider a credit freeze after data breach

    The Identity Theft Resource Center recommends that data breach notices explicitly recommend that victims freeze their credit and that credit reporting agencies create a common system for people to do so.

    By Randy Hutchinson December 03, 2022
  • Financial Services

    Renovations underway at Bank of Bartlett headquarters

    Bank of Bartlett has started a $2 million renovation at its main offices on Stage Road, an example of the bank’s commitment to the area.

    By Michael Waddell November 02, 2022
  • Transportation & Logistics

    FedEx terminates Roxo, the same-day delivery robot

    FedEx is stepping back from the research and development program for a same-day bot to prioritize several nearer-term opportunities.

    By Rob Moore October 12, 2022
  • Subscribers only Financial Services

    CPA firm Reynolds, Bone & Griesbeck adds wealth-advisory arm

    RBG Wealth Advisors is a fee-only, independent wealth advisory firm operating as a division of Reynolds, Bone & Griesbeck.

    By Christin Yates September 26, 2022
  • Subscribers only Business

    Fed offers mixed look on Memphis economy

    According to the Fed, overall labor market conditions remain tight, with contacts across the Eighth District reporting that workers remain scarce. 

    By Rob Moore September 13, 2022
  • Financial Services

    TD Bank CEO on acquiring First Horizon

    “The Southeast and the south of the U.S. was particularly important to us strategically,” Toronto-Dominion Bank CEO Bharat Masrani said. He noted that the region’s population growth is expected to be 50% higher than the national average.

    By Rob Moore September 08, 2022
  • Financial Services

    Boyle names new president and CEO

    The president and CEO will oversee management and operations with Boyle, Boyle Insurance Agency and Nashville-based Boyle Nashville LLC.

    By Neil Strebig August 31, 2022
  • Subscribers only Education

    19,000 local students — from last year alone — may see up to $20K in loan forgiveness

    A large number of Memphians could to see a dramatic reduction in their debt load, under a new student loan forgiveness program from President Joe Biden. But is that a good thing? 

    By Jane Roberts August 28, 2022
  • Financial Services

    First Horizon merger supporters and detractors share their stance

    While more than 300 community organizations support the merger, some are pushing for a community agreement between the banks and groups where the institutions have sizable footprints. 

    By Rob Moore August 18, 2022
  • Financial Services

    First Horizon, TD CEOs discuss ‘fantastic partnership’ at Positively Memphis luncheon

    During Monday’s luncheon, both FHN and TD Bank N.A. CEOs stressed Memphis’ ongoing role in new institution’s operations. 

    By Rob Moore August 02, 2022
  • Financial Services

    First Horizon and TD Bank CEOs to make first joint appearance in Memphis

    The luncheon, which will be held at 11:30 a.m. at the Holiday Inn at the University of Memphis, will feature a conversation on TD’s acquisition of FHN. 

    By Rob Moore July 22, 2022
  • Financial Services

    Pinnacle Financial continues Whitehaven investment

    “We want to be a real partner in the community,” said Steve Swain, senior vice president and community lending manager for Pinnacle. “That includes creating a safe space, another resource where people can meet and bring in members of the underserved community.” 

    By Rob Moore July 17, 2022
  • Subscribers only Business

    Memphians brew plan to take Westrock Coffee public

    Riverview Acquisition Corp. — a special-purpose acquisition company formed by longtime Memphian Brad Martin as a vehicle for merging with a business that then would become public — aims to help small farmers while quenching the thirst for coffees, teas and extracts.

    By Jane Roberts June 17, 2022
  • Update Financial Services

    First Horizon shareholders approve Toronto-Dominion Bank merger

    The transaction is expected to close early next year.

    By Rob Moore June 01, 2022
  • Subscribers only Business

    Everything we know about the First Horizon merger ahead of shareholders’ vote

    After multiple mergers and acquisitions, TD Bank became the seventh-largest U.S. bank by deposits and the 11th largest bank in the U.S. by total assets.

    By Rob Moore May 31, 2022
  • Subscribers only Business

    First Horizon answers lingering questions about Toronto-Dominion Bank merger

    In an updated proxy statement, FHN directs employees on answering client questions about the merger, including questions about its continued involvement in the region. 

    By Rob Moore May 16, 2022
  • Business

    First Horizon sets date for merger vote

    In a proxy statement filed with the U.S. Securities and Exchange Commission, FHN has disclosed detailed information on its merger with Toronto-Dominion Bank.

    By Rob Moore April 26, 2022
  • Subscribers only Business

    Will the Fed’s interest rate hike affect lending in the Mid-South?

    Interest rates on things like consumer debt are likely to rise following the Fed’s decision, which could put a strain on an economy already fighting decades-high inflation.

    By Rob Moore March 21, 2022
  • Subscribers only Business

    Memphis loses last ‘Big Three’ bank with First Horizon acquisition

    Like Union Planters, which was acquired by Regions in 2004, and National Bank of Commerce, also acquired in 2004 by SunTrust, First Horizon could not avoid industry consolidation forever.

    By Neil Strebig, Christin Yates, Rob Moore March 06, 2022
  • Subscribers only Business

    New First Horizon owners say they’re committed to retaining talent

    On a conference call Monday, Feb. 28, Toronto-Dominion group president and CEO Bharat Masrani announced plans to invest $150 million to keep First Horizon employees.

    Related story:

    First Horizon sold; deal expected to close in November

    By Rob Moore March 01, 2022
  • Update Business

    First Horizon sold; deal expected to close in November

    A Canadian banking and financial firm will pay $25 a share, a 37% premium on FHN’s last close. Shares of the Memphis-based financial institution were up nearly 32% in early trading.

    By Rob Moore March 01, 2022
  • Business

    Pay raises for corrections workers part of crime fight, Lee Harris says

    Shelby County Mayor Lee Harris said the raises approved this month for 200 corrections center guards are being funded in part by fees the Justice Department is paying the county as it closes down a privately run federal prison. And he said more raises and bonuses are coming for others.

    By Bill Dries January 16, 2022
  • Business

    BankTennessee names new president

    Wright Cox has taken over as the new president of BankTennessee, replacing Jim Rout who retired from the position on Friday.

    By Abigail Warren January 03, 2022
  • Business

    First Horizon continues closing or rebranding Iberiabank branches

    By late February, First Horizon will have closed six Memphis-area IberiaBank branches and rebranded another. One of the closed properties, near Saddle Creek in Germantown, just sold for $3.75 million.

    By Tom Bailey December 08, 2021

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