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Financial Services

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  • Financial Services

    Pinnacle, Patriot banks adding suburban locations

    Two banks, Patriot and Pinnacle, are expanding their Shelby County footprint with branches in Arlington and Bartlett. 

    By Michael Waddell February 08, 2020
  • Financial Services

    What the Charles Schwab, TD Ameritrade merger means for Memphis

    “The three main providers are going to be down to two, and Schwab will have the majority of that marketplace," noted one local expert. 

    By Christin Yates January 30, 2020
  • Financial Services

    ‘Healthy economy,’ ‘aggressive’ approach fuel Pinnacle’s growth

    Full-year net earnings per diluted common share rose 13% and the company's CEO says high single-digit or double-digit loan growth is "achievable" in 2020.

    By Christin Yates January 22, 2020
  • Financial Services

    New Pinnacle president eager to continue growth in Memphis

    Adding Phillip May to Pinnacle's team in Memphis could mean more bankers and growth in the future.

    By Christin Yates January 19, 2020
  • Financial Services

    First Horizon focused on becoming ‘larger company’ following strong Q4

    Full-year adjusted earnings per share rises 17.7% as First Horizon realizes benefits from its 2017 acquisition of Capital Bank and looks forward to integrating its merger of equals with Iberiabank. 

    By Christin Yates January 17, 2020
  • Financial Services

    Local economy continues to improve slightly, report shows

    Memphis economy continues to roll along slowly as the Phase One Trade Deal with China provides more optimism for business conditions down the road.

    By Frank Lanigan January 16, 2020
  • Financial Services

    Phillip May returns; named Pinnacle’s Memphis market president

    Former Metropolitan Bank CEO Phillip May comes out of consulting to take post as Memphis president of Pinnacle Financial Partners. 

    By Christin Yates January 06, 2020
  • Financial Services

    First Horizon caps busy year at New York Stock Exchange

    Expansion in eastern U.S., integration of Iberiabank merger will be in focus when First Horizon National Corp. kicks off 2020.

    By Christin Yates December 30, 2019
  • Financial Services

    U of M professor’s book combines sustainability, ethics in business

    A University of Memphis professor predicts new wave of corporate filings will reflect environment, social ethics.

    By Jane Roberts December 29, 2019
  • Financial Services

    Moore focused on integration as new regional president of Truist

    With a combined 3,000 branches, Truist becomes a dominant bank in the Southeast that also has branches in the Midwest, Northeast and Texas.

    By Christin Yates December 27, 2019
  • 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

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