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.
The seminar will be held at the Memphis Botanic Garden at 3:30 p.m., Thursday, Oct. 24. Pre-registration is open until 11 a.m. Thursday.
“Our results reflect the strength of our diversified business model and our continued focus on growing and deepening client relationships,” FHN President Bryan Jordan said.
The $13.4 billion merger between TD Bank Group and First Horizon National Corp. was scrapped last year following months of delays as the financial institutions tried to overcome regulatory oversight of their deal.
Oppenheimer & Co. Inc., a global brokerage and investment bank, first moved into Tennessee in 2022, when it opened a Nashville office.
Bryan Jordan, who has led the Memphis-based bank since 2007, said the company continues to make “significant progress” on its strategic investments while identifying operational efficiencies.
“There is federal investment coming in, but we need local talent and especially diverse entrepreneurs to step in and take advantage of this historic time,” said the deputy administrator for the U.S. Small Business Administration.
For the past five years, she has served as executive vice president and chief financial officer at Orion, the Mid-South’s largest credit union with 70,000 members and more than $1.2 billion in assets.
First Horizon National Corp. President and CEO Bryan Jordan said in a statement that the bank’s adjusted net income had increased 10% from the previous quarter.
The foundation plans to award 160 grants to nonprofits within First Horizon Bank’s 12-state footprint.
The new Memphis location is the second Tennessee branch for the Alabama-based commercial bank, which has assets exceeding $16 billion.
HHM Certified Public Accountants has been in business for more than 40 years, and has a Memphis office at 1755 Kirby Parkway.
For decades starting in the early 1970s, Stokes was in charge of equity capital markets and the No. 2 at Morgan Keegan.
Amid the wars, negative credit growth, shrinking money supply, upcoming elections and yield curve inversions, investment strategist David Waddell predicts a soft landing for the economy.
The U.S. Department of Justice complaint alleges that from 2015 to at least 2020, Patriot avoided providing mortgage services to majority-Black and Hispanic neighborhoods and discouraged people seeking credit in them from obtaining home loans.
The results showed the company’s “ability to successfully execute on our strategic priorities and navigate the economic headwinds during the year,” according to FHN president and CEO Bryan Jordan.
The woman lost her money in a scheme that started with a message that her computer had been hacked.
The firm, a Black-owned business led by two women, is joining forces with Channing Capital Management, whose co-founder is Rodney Herenton, son of the former Memphis Mayor.
Shares of First Horizon’s stock were rising Wednesday afternoon following an earnings update indicating the financial institution is weathering the larger banking crisis that plunged the industry into uncertainty earlier this year.
Orion is focusing most of its energy on real estate, but it’s also looking at multi-family commercial opportunities to provide affordable housing or housing across the city.