A Georgia producer of biodegradable plastics proposes to merge with a blank check company led by Memphis businessman Gary Wunderlich to go public and meet growing demand for eco-friendly plastic.

Federal Paycheck Protection Program and a flight to cash cited as reasons for dramatic increase in local bank deposits. 

All 650 respondents were residents of Shelby County and DeSoto County in North Mississippi, spanning more than 40 ZIP codes.

Raymond James’ CEO Paul Reilly sent the memo to employees and financial advisers, notifying them a 4% cut in workforce was part of an effort to reduce costs.

Raymond James is not saying how many of the nearly 930 Memphis employees were laid off on Tuesday.

Over time, Philip Blackett hopes expand the Dave Ramsey course he sponsors to other schools in Memphis and the Boston area.

Investors should look at their time horizon and goals for retirement, not base decisions on any one event, local wealth managers say.

First Commercial operations will include Memphis banking veterans including Sam Jenkins, who will run Memphis operations for the bank.

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.

Shortfall on campus includes investments leaders have made in students while at the same time, being aware that it may have to lay off staff and administrators. 

Greg Smithers joined FirstBank as Memphis market president July 7 after leaving Iberiabank, where he had been regional president for Tennessee and Arkansas.

There’s a possibility that a third application will be released, which would be a “super EZ” application for loans under a certain amount.

President of the St. Louis Federal Reserve believes the incentives are strong on both sides of the aisle in Congress to come to a deal on additional stimulus.

Start-up Indigo Ag, with its North American commercial operations headquartered in Downtown Memphis, continues to raise investor funding, but has a goal to become self-sufficient by the end of this year.

Banks could not give guidance on future quarters, given unknowns surrounding the coronavirus and its potential impact on the U.S. economy and consumers.

Pinnacle granted payment deferrals on $4.4 billion in loans and issued $2.2 billion in Paycheck Protection Program (PPP) loans to customers affected by the pandemic.

Loan loss provisions increased to $538 million, up from $145 million the previous quarter.

Home sales and construction activity were among the brightest spots in economic activity in the Federal Reserve District that includes Memphis. 

Paycheck Protection Program forgivable loan applications resume with Aug. 8 deadline and nearly $130 billion still left in the program till.

Loan-loss provisions significantly impacted earnings as banks responded to potential credit problems due to the pandemic.

After closing, approximately 56% of the combined company will be held by legacy First Horizon shareholders and approximately 44% will be held by legacy Iberiabank shareholders.

With the new flexibility measures in place, bonuses, hazard pay and pay for furloughed employees can be included in payroll expenses as well as taxes withheld from employees’ paychecks.

Roughly 28,000 businesses shutdown by the pandemic will be eligible to receive a share of funding, governor says.

A dozen businesses including recording studios and a prominent music venue were approved for grants to help small, inner-city businesses recover from COVID-19.

Federal Reserve economist Kevin Kliesen says pace of recovery will depend on the speed restrictions are lifted and "the willingness of individuals to resume normal life."