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Financial Services

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  • 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
  • Financial Services

    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
  • Financial Services

    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
  • Financial Services

    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
  • Financial Services

    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
  • Financial Services

    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
  • Financial Services

    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
  • Financial Services

    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
  • Financial Services

    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
  • Financial Services

    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
  • Financial Services

    Dow closes above 30,000

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

    By The Daily Memphian Staff November 24, 2020
  • Financial Services

    First Horizon changes corporate name

    First Horizon’s stock will continue to trade under the same symbols.

    By The Daily Memphian Staff November 24, 2020
  • Financial Services

    Junior Achievement adds more entrepreneurship programs

    In its Building Blocks program, JA partners with Shelby County Schools to offer a 40-part video series and curriculum guides to introduce students to local entrepreneurs.

    By Christin Yates November 21, 2020
  • Premium Transportation & Logistics

    Regime change could benefit Memphis economy

    A Democrat in the White House and divided control of Congress may be good for the city: relaxed trade and immigration policies, more stimulus spending, status quo on taxes.

    By Wayne Risher November 16, 2020
  • Financial Services

    Patriot to open new Raleigh bank branch Nov. 16

    A formal grand opening and ribbon-cutting ceremony with community members and dignitaries will be held on Nov. 18.

    By The Daily Memphian Staff November 16, 2020
  • Financial Services

    Bank of Fayette County furthering expansion into Shelby County

    With plans for a branch in Arlington, The Bank of Fayette County is increasing its footprint in Shelby County, with more locations expected.

    By Michael Waddell November 06, 2020
  • Financial Services

    Paragon board authorizes stock repurchase program

    Shares of Memphis-based Paragon Financial Solutions trade on the OTCBB under the ticker symbol PGNN.

    By The Daily Memphian Staff November 05, 2020
  • Financial Services

    ‘Consuming less and saving more are big trends and quite healthy trends’

    The good news: Wealth managers see clients spending less and saving more. The bad news: Some employers have reduced 401(k) contributions, and that could fuel a future retirement crisis.

    By Christin Yates October 26, 2020
  • Update Financial Services

    First Horizon beats estimates for earnings, revenue

    It is the first quarter Memphis-based First Horizon has reported results that include the merger of Iberiabank and the acquisition of 30 Truist bank branches.

    By Christin Yates October 23, 2020
  • Financial Services

    Duncan-Williams being sold to Florida firm

    Duncan-Williams Inc., the family- and employee-owned brokerage firm that has been part of Memphis for 52 years, is being acquired by South State Corp. a publicly traded firm based in Florida.

    By Jane Roberts October 16, 2020

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