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.

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

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.

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

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.

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

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.

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

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

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

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

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

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

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

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.

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

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.

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

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

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%.

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%.

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.

Locally, shares of FedEx Corp. hit an intraday 52-week high of 296.04, closing at 291.68 per share.