Liberty Bank and Trust Company’s acquisition of Tri-State Bank of Memphis will bring a loan limits increase, more jobs and online banking technology to the bank.

“What a great time it is to be doing business in West Tennessee,” said Phillip Rogers with Stifel. 

Total deposits in Memphis grew from $39.23 billion to $40.83 billion, according to the FDIC. 

The Mid-South Minority Business Council Continuum also received a one-year Coronavirus Response and Relief Program grant to provide information and best practices to support minority firms affected by the COVID-19 pandemic.

The transaction is said to position Orion as “a fierce competitor” in the southeastern region.

Financial advisers say possible changes to the stepped-up basis on inherited property could impact wealth transfer more than other proposals being considered.

Memphis-based Planet Wealth considers itself ‘crowdfunding 2.0’ or wealth funding. “We want to empower the masses to go out and achieve financial independence,” Greg Sossaman, CEO of Planet Wealth, said.

Simmons would become the sixth largest bank in Memphis based on local deposits when the deal closes in the fourth quarter.

Some companies may have a short-term cash flow crunch that makes them vulnerable to deceptive lending practices.

First Horizon posted quarterly earnings of $0.58, beating Wall Street estimates.

Losch has been with Memphis-based First Horizon for 12 years.

FHN Financial will move its offices next May from one East Memphis office building to another.

First Horizon officials confirmed that it plans to close three Memphis branches and one in Southaven next month.

Renasant bankers brainstormed with LRK Architects to envision the kind of building that millennial employees and customers would want 20 years from now.

A Memphis native, Charles McVean is credited with conceiving and leading the charge for funding Big River Crossing, the pedestrian bridge and trails across the Mississippi River.

The transaction has been approved by both companies’ boards, but must still be approved by Tri-State shareholders and meet customary regulatory approvals.

Sarah Houston, who has devoted her career to water resource management and protection, will lead Protect Our Aquifer as the nonprofit group enters a new phase of its existence.

BancorpSouth shareholders will own roughly 55% and Cadence shareholders will own approximately 45% of the combined company.

Proposals by Memphis City Council members and Shelby County commissioners emerged during a second joint meeting Thursday of the two bodies. But other elected officials expressed concern that just talking about changes in economic development incentives could put the city and county at a disadvantage.

The Kraft Heinz Co. is partnering with The LEE Initiative and Southern Restaurants for Racial Justice on the grant program.

The application process for the $7,500 in home-loan payments starts March 15. United Housing will host a free, online workshop on Thursday, March 11, to guide homeowners through that process, but also will counsel anyone struggling to keep current on their mortgage payments.

Edwards enjoyed a distinguished career at both Paragon Bank and the former First Tennessee Bank before joining Tri-State. 

Independent Bank will match cash prize winners with an equal gift to the charity of their choice.

The county’s large-scale evictions, relatively affordable housing and median unemployment rate make it representative of hundreds of communities in the nation.