Robert Hartheimer, the former Evolve Bank executive convicted of child sexual abuse material charges, will keep his 51-month imprisonment term following a failed appeal by the U.S. Attorney’s Office.
The financial services company is seeking more than $13 million from the owner of 50 N. Front St., formerly known as Raymond James Tower.
The University of Tennessee Health Sciences is getting a jump-start on its new College of Medicine Interdisciplinary Building.
The team will provide merger and acquisition, raising capital, and business valuation services to financial institutions and other financial services entities.
Deposits, loan growth and income from interest drove the positive results, First Horizon executives said.
A Memphis-based wealth management firm just completed a merger with firms based in Connecticut and Massachusetts. Here’s what that means for its clients.
A Memphis tech startup has released an app that’s designed to flip the crowdfunding world on its head by letting users privately save for life milestones like buying a house, car or even a fresh pair of kicks — but is it worth it?
A 2025 study by the Richmond Federal Reserve Bank found that BNPL borrowers are typically female, younger, renters, and less educated; but, surprisingly, have higher household incomes.
First Horizon officials said on an earnings call they’re optimistic about future quarters, despite global conflict and rising inflation.
Bill Dunavant, a household name in the Memphis business community and sixth-generation Memphian, was recently elected to the St. Louis Fed’s Board of Directors.
The bank ended 2025 with higher profits and earnings per share, posting results above analyst expectations.
“I plead guilty,” Former Evolve Bank & Trust CEO Robert Hartheimer said. “It is a decision by me because I’m guilty.”
The building, which was built in 1962, sits next to the former Houston’s restaurant that closed in December 2024 after more than 40 years of operation.
According to the complaint, there is probable cause for charges of child sexual exploitation and sending obscene materials to minors.
Robert Hartheimer was arrested by FBI agents on Thursday, Oct. 23, at Memphis-based Evolve Bank & Trust’s headquarters.
The arrest of Evolve Bank & Trust CEO Robert “Bob” Hartheimer is the latest challenge for the embattled Memphis-based bank.
From contract clarity to revenue-sharing, industry leaders say navigating NIL demands as much financial literacy and strategy as athletic skill.
“Evolve’s 100-year history is a testament to the strength and stability of this company,” said Evolve Bank & Trust’s newest CEO.
For Lindsey Donovan Rhea, owner of Alia Wealth Partners, the mentorship of her aunt continues to pay dividends.
First Horizon President and CEO Bryan Jordan said the Memphis-based bank’s business model “prioritizes safety and soundness, profitability and growth, equipping us to manage uncertainties and adapt to economic changes.”
San Diego-based LPL will expand its wealth-management services while gaining access to First Horizon Advisors and its $16 billion in assets across a 12-state footprint.
The newly renamed Orion Financial is the Mid-South’s largest credit union with 70,000 members and more than $1.2 billion in assets.
Truist said Jean Morton, its new Memphis market president, will harness her more than 30 years of experience to help grow the bank’s local presence.
Orion Federal Credit Union said in 2021 it would acquire a Memphis-based community bank, but Financial Federal CEO Kent Wunderlich said the acquisition was “mutually terminated.”
Chartered in 1961, Shelby County Federal Credit Union serves 10,000 local members in two counties.
Ashley McDurmon might have become the CEO and president of Orion Federal Credit Union in January, but her understanding of its culture dates back more than a decade.
FHN President and CEO Bryan Jordan said the fourth quarter and full-year 2024 results reflect a “focused execution” of the bank’s strategic priorities.
ServisFirst Bank’s full-service branch in East Memphis will open this month with a team of 12, including several veteran Memphis bankers. The bank entered the local market earlier this year by establishing a loan-production office.
Mayors along the Mississippi River have watched as intensifying rain storms and floods wreak havoc. This fall, the Mississippi River Cities and Towns Initiative announced a new pilot program to help river towns better recover.