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Ruby Tuesday Files For Bankruptcy, Will Close 185 Locations

PYMNTS

Under the reorganization, the company said it plans to close 185 locations, which leaves the franchise with 236 operating restaurants. This latest announcement follows a private-equity buyout in 2017 by NRD Capital Management. We intend to move through the process as quickly as possible,” Lederman said.

Tennessee 163
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Carvana Stock Falls Short On First Day Of IPO

PYMNTS

Founded in 2012, the Phoenix-based company sells cars through its website and operates automated towers that store cars in U.S. cities, such as Austin and Dallas in Texas and Nashville, Tennessee. Wells Fargo Securities, LLC, Bank of America Merrill Lynch, Citigroup Global Markets, Inc. and Deutsche Bank Securities, Inc.

Nashville 128
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Keeping Investment Platforms Free From Fraudsters

PYMNTS

George’s company, WellCity, marketed itself as a social media network for the health and wellness marketplace run out of Brentwood, Tennessee. These bad actors often make off with investment funds for personal benefit or funnel them into illegal operations. The right security strategy and partners can make a significant difference.

Tennessee 108
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Banking's Total Return Top 5: 2013 Edition

Jeff For Banks

capital appreciation and dividends. Texas Capital Bancshares, Inc. versus 68.5%, respectively) and its operating expenses as a percent of average assets compared to peer banks (1.66% versus 3.09%, respectively).So, So, as a branchless bank, BofI has leveraged its significantly lower operating expenses into profit.

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The top-performing community banks of 2021

Independent Banker

Cumberland Security Bank, Inc. First Security Bank of Deer Lodge. In order to compete as a small bank, we have been forced to keep higher-than-peer capital levels, so that our lending limit allows us to service local borrowers’ needs. First Community Bank of Tennessee. Capital Community Bank. Allied First Bank, SB.

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55 US Companies That Became Unicorns In 2018

CB Insights

Select Investors: Tencent Holdings, Disney Accelerator, Kleiner Perkins Caufield & Byers, Lightspeed Venture Partners, Vulcan Capital, ICONIQ Capital. Select Investors: Y Combinator, Sequoia Capital, Khosla Ventures, Kleiner Perkins Caufield & Byers, Wellcome Trust, GIC, SoftBank Group, DST Global. Valuation: $12B.

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11 Lessons From Startup Chapter 11s

CB Insights

The company announced it was effectively ceasing operations immediately and filing for Chapter 11 bankruptcy, putting more than 1,100 people out of work overnight. In January 2019, Munchery abruptly ceased all operations, as it informed customers via email. By September 2011, Solyndra’s business model had fallen apart.

Apple 78