Profitability of Memphis banks falls in Q2, still exceeds national average
The rankings of Memphis-based banks by total assets has changed slightly from the previous quarter, with First Horizon, Independent Bank and Landmark Community Bank again rounding out the top three spots. Meanwhile, Paragon Bank, whose East Memphis location’s lobby is pictured in this file photo, moved to the No. 8 spot, and Fidelity Bank slipped to No. 9. (Daily Memphian file)
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.
Christin Yates
Christin Yates is a native Memphian who has worked in PR and copywriting since 2007. She earned her B.S. in public relations and M.S. in mass communications from Murray State University.
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