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Financial Services

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  • Financial Services

    Orion acquiring Financial Federal Bank

    The transaction is said to position Orion as “a fierce competitor” in the southeastern region.

    By Tom Bailey August 11, 2021
  • Premium Financial Services

    A generation plans for largest transfer of wealth in modern history

    Financial advisers say possible changes to the stepped-up basis on inherited property could impact wealth transfer more than other proposals being considered.

    By Christin Yates August 09, 2021
  • Financial Services

    Planet Wealth to offer access to capital, resources

    Memphis-based Planet Wealth considers itself ‘crowdfunding 2.0’ or wealth funding. “We want to empower the masses to go out and achieve financial independence,” Greg Sossaman, CEO of Planet Wealth, said.

    By Christin Yates August 01, 2021
  • Premium Financial Services

    Simmons Bank CEO shares Memphis growth strategies

    Simmons would become the sixth largest bank in Memphis based on local deposits when the deal closes in the fourth quarter.

    By Christin Yates July 23, 2021
  • Financial Services

    Opinion: Businesses should beware of predatory lenders

    Some companies may have a short-term cash flow crunch that makes them vulnerable to deceptive lending practices.

    By Randy Hutchinson July 19, 2021
  • Financial Services

    First Horizon, IberiaBank merger nearly complete, beat earnings estimates

    First Horizon posted quarterly earnings of $0.58, beating Wall Street estimates.

    By Christin Yates July 16, 2021
  • Financial Services

    First Horizon CFO leaving

    Losch has been with Memphis-based First Horizon for 12 years.

    By The Daily Memphian Staff June 30, 2021
  • Financial Services

    After almost 40 years, FHN Financial is leaving Audubon Woods

    FHN Financial will move its offices next May from one East Memphis office building to another.

    By Tom Bailey June 30, 2021
  • Premium Financial Services

    First Horizon closing 4 branches in Memphis market

    First Horizon officials confirmed that it plans to close three Memphis branches and one in Southaven next month.

    By Tom Bailey June 28, 2021
  • Financial Services

    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
  • Financial Services

    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
  • Financial Services

    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
  • Financial Services

    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
  • City of Memphis

    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
  • Food News

    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
  • Real Estate

    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
  • Financial Services

    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
  • Financial Services

    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
  • Financial Services

    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
  • Financial Services

    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
  • Financial Services

    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
  • Financial Services

    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
  • Financial Services

    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
  • Financial Services

    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

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