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Financial Services

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  • Financial Services

    New investment fund validates momentum of Memphis startup ecosystem

    The missing component has been sufficient investment capital to help establish and grow new companies in Memphis, Emerge Memphis' founder Bryan Eagle says.

    By Frank Lanigan December 26, 2019
  • Financial Services

    Sale of Emerge building creates Formation Fund

    Emerge Memphis and Epicenter have created a $1.3 million pre-seed investment fund for early-stage startup companies. 

    By The Daily Memphian Staff December 18, 2019
  • Financial Services

    Fed leaves target funds rate unchanged

    In a unanimous decision Wednesday, Dec. 11, the Federal Open Market Committee maintained the target range for the federal funds rate at 1.5% to 1.75%.

    By The Daily Memphian Staff December 11, 2019
  • Financial Services

    Renasant Bank seeks permit for E. Memphis headquarters

    The Tupelo-based bank will build a 45,000-square-foot building at 5574 Poplar, where Executive Square offices have been razed.

    By Tom Bailey December 05, 2019
  • Financial Services

    Carl White to succeed Stackhouse at St. Louis Fed

    Julie Stackhouse will retire with 34 years of service, 17 of which have been at the St. Louis Fed.

    By The Daily Memphian Staff December 05, 2019
  • Financial Services

    Economic uncertainty keeping lid on growth, latest Beige Book shows

    Recent interest rate cuts haven't created the surge in economic activity many were hoping for, but local sources don't see further cuts anytime soon. 

    By Christin Yates December 03, 2019
  • Financial Services

    Renasant rises through ranks, First Horizon and Regions remain on top

    Renasant jumps two spots in deposit market share in the Memphis MSA as smaller banks take share from the large regional and national banks.

    By Christin Yates December 03, 2019
  • Financial Services

    23 banks headquartered in Memphis MSA saw improved ROAA in Q3

    Lower interest-rate environment putting pressure on banks' net interest margin, Federal Reserve official notes. 

    By Christin Yates December 02, 2019
  • Financial Services

    Local banks investing in technology for the future

    Customers will expect easier, more convenient ways to bank as time goes on, making it imperative for banks to invest in technology. 

    By Christin Yates December 01, 2019
  • Financial Services

    Renasant Bank wins Memphis Convention Center naming rights

    Tupelo-based Renasant Bank's newly minted naming rights for the Memphis Convention Center are expected to generate more than $7 million over 10 years. 

    By Wayne Risher November 20, 2019
  • Financial Services

    Federal Reserve Board approves BB&T, SunTrust deal with conditions

    The Federal Reserve Board approved the merger of BB&T Corp. and SunTrust Banks, which includes the divestiture of 30 bank branches First Horizon will purchase.

    By The Daily Memphian Staff November 19, 2019
  • Financial Services

    FHN enters new markets, sees smooth transition of new SunTrust branches

    First Horizon doesn't see addition of 30 SunTrust branches as a distraction to Iberiabank merger.

    By Christin Yates November 12, 2019
  • Financial Services

    Shared ATM network could be early benefit of First Horizon, Iberiabank merger

    While the First Horizon-Iberiabank merger’s ultimate impact on Memphis isn’t clear yet, First Horizon CEO Bryan Jordan said the goal is to minimize disruptions in the everyday flow of business.

    By Wayne Risher November 10, 2019
  • Financial Services

    First Horizon plans to pick up 30 branches divested in SunTrust-BB&T merger

    First Horizon, SunTrust and BB&T announced an agreement for First Horizon to buy 30 branches slated to be divested as part of the SunTrust-BB&T merger.

    By The Daily Memphian Staff November 08, 2019
  • Financial Services

    Bigger should be better for First Horizon and hometown

    A University of Memphis economist and a Christian Brothers University banking center director believe a proposed merger of First Horizon and Iberiabank should be good news for Memphis.

    By Wayne Risher November 06, 2019
  • Financial Services

    Allen Paine celebrates milestone with First Horizon

    Allen Paine has seen a lot in his 50 years with First Horizon, and provides some insight on why younger generations don't tend to stay as long with the same company. 

    By Christin Yates November 04, 2019
  • Financial Services

    Fed takes ‘wait and see’ approach after lowering interest rates again

    Global market conditions weigh on Wednesday's decision and may impact further moves while U.S. economy remains strong, bankers say. 

    By Christin Yates October 31, 2019
  • North Memphis

    High school students run bank at Trezevant again

    The student-run bank teaches students more about money and customer service, skills they will carry with them for the future. 

    By Omer Yusuf October 24, 2019
  • Financial Services

    First Horizon unveils rebranded logo, signage

    First Horizon National Corp. unveiled its new logo and building signage as part of a rebranding of all business units companywide.

    By Christin Yates October 22, 2019
  • Financial Services

    Bankers say economic conditions mostly positive, as Beige Book shows

    With a few exceptions, most local business sectors have remained stable or saw slightly improved conditions over the past several weeks.

    By Christin Yates October 17, 2019
  • Financial Services

    Pinnacle reports Q3 diluted EPS of $1.44, up 19% from 2018

    Pinnacle Financial Partners Inc. reported net income of $1.44 per diluted common share for its third quarter, up 19% from a year ago.

    By Christin Yates October 16, 2019
  • Financial Services

    First Horizon beats on Q3 earnings, sees positive conditions into 2020

    First Horizon National Corp. reports third-quarter adjusted earnings per share of 43 cents, which beat the Zacks Consensus Estimate of 42 cents per share.

    By Christin Yates October 16, 2019
  • Financial Services

    Green Square Asset Management rebrands as Principal Street Partners

    Memphis-based Green Square Asset Management has rebranded to Principal Street Partners and become an independent asset management firm.

    By Christin Yates October 15, 2019
  • Financial Services

    Protecting older Memphians from financial fraud

    Older Memphis residents should prepare for and find trusted advisers or loved ones to help them combat financial exploitation, local experts say.

    By Christin Yates October 09, 2019
  • Real Estate

    Renasant Bank plans new Memphis headquarters building

    Mississippi-based Renasant Bank is seeking a tax incentive for plans to build a new headquarters to serve its Memphis market. The $15.8 million development is to rise at 5575 Poplar, where the now-empty Executive Square office buildings stand.

    By Tom Bailey September 13, 2019

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