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Financial Services

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  • Business

    Renasant Bank designs a transparent Memphis headquarters

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

    By Tom Bailey June 28, 2021
  • Spirit of Memphis

    Entrepreneur, philanthropist Charles McVean dies at 78

    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.

    By Daja E. Henry June 08, 2021
  • Business

    Tri-State Bank to be acquired by New Orleans banking company

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

    By The Daily Memphian Staff June 03, 2021
  • Business

    Protect Our Aquifer hires ‘water warrior’ as new leader

    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.

    By Blake Fontenay May 28, 2021
  • Business

    BancorpSouth, Cadence merger will add scale, recruiting power in Memphis

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

    By Christin Yates April 25, 2021
  • Business

    City, county leaders debate linking $17/hour minimum wage to PILOTs

    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.

    By Bill Dries April 16, 2021
  • Business

    Grants available for Black-owned restaurants

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

    By The Daily Memphian Staff April 13, 2021
  • Business

    Behind on mortgage? New COVID program can help

    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.

    By Tom Bailey March 10, 2021
  • Business

    Edwards joins Tri-State Bank as interim CEO

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

    By The Daily Memphian Staff February 17, 2021
  • Business

    Independent Bank launches Makes A Difference contest Feb. 12

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

    By The Daily Memphian Staff February 11, 2021
  • Business

    Shelby County is poster child in national eviction study

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

    By Jane Roberts January 22, 2021
  • Business

    PPP loans: What you need to know

    PPP loans issued after June 5, 2020 have a maturity of five years at an interest rate of 1%.

    By Christin Yates January 18, 2021
  • Business

    Second round of PPP applications opens

    Here’s what Memphis area business owners need to know as the second round of Paycheck Protection Program funds becomes open for applications.

    By Christin Yates January 18, 2021
  • Business

    UMRF earns international designation; could boost recruiting

    The designation signifies UMRF can help with domestic market research, patent reviews, import/export law, plus offers access to capital investment. 

    By Jane Roberts January 13, 2021
  • Business

    First Commercial Bank raises $15 million in new capital

    Banking company plans to grow Memphis presence, establish permanent office in the Crescent Center in East Memphis.

    By Christin Yates January 13, 2021
  • Business

    Financial planner Chauhan leading new company

    The group is practicing in satellite offices to serve clients in the Mid-South and Middle Tennessee.

    By The Daily Memphian Staff January 12, 2021
  • Business

    Campaign raises more than $20k for RISE

    RISE Foundation offers pro-bono, personalized guidance, savings-building programs and financial literacy classes.

    By The Daily Memphian Staff January 07, 2021
  • Business

    Lipscomb & Pitts becomes part of a larger insurance company

    Memphis-based Lipscomb & Pitts Insurance is now a Higginbotham company, but will continue to operate as “Lipscomb & Pitts.” The two co-chief executives, Mat Lipscomb III and Johnny Pitts, have been named managing partners by the Fort Worth-based Higginbotham.

    By Tom Bailey January 07, 2021
  • Business

    Extra $5,000 grants available for COVID-affected restaurants, grocers

    The EDGE board approves more grant money for restaurants and grocers that are affected by the pandemic and the latest restrictions.

    By Tom Bailey January 06, 2021
  • Business

    U of M mulls future of business research unit after chief’s retirement

    University of Memphis officials say they’re mulling over the future of Sparks Bureau of Business and Economic Research to see if it can continue serving business, government and community organizations.

    By Wayne Risher December 30, 2020
  • Business

    Withdrawing from retirement plans may have tax implications

    Among other things, the CARES Act eliminated the 10% early withdrawal penalty for individuals under the age of 59½. But one-third of any money withdrawn will be included as income on taxes for each of the next three years

    By Christin Yates December 28, 2020
  • Business

    AutoZone expands share buyback program

    AutoZone directors have increased the company’s share repurchase authorization by $1.5 billion, pushing the total since 1998 to $24.65 billion.

    By Wayne Risher December 15, 2020
  • Business

    Black, white and green: How race affects local nonprofits’ funding

    In a recent three-year period, the total number of dollars granted to nonprofits led by people of color in Memphis actually dropped — from 37% to 31%.

    By Jane Roberts December 02, 2020
  • Business

    Mortgage lenders seeing increase in refinances

    On Nov. 27, the benchmark 30-year fixed refinance rate was 3.09%, according to Bankrate.com. The average 15-year fixed refinance rate was 2.52%.

    By Christin Yates November 30, 2020
  • Business

    Unemployment recipients may be surprised come April 15

    Hundreds of thousands of Americans received unemployment benefits when the pandemic shut down businesses, as well as the additional $600 per week stimulus under the CARES Act.

    By Christin Yates November 29, 2020

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