article thumbnail

DOJ Settles with Patriot Bank for Redlining in Memphis

CFPB Monitor

million to resolve allegations that the Bank engaged in a pattern or practice of redlining majority-Black and Hispanic neighborhoods in Memphis, Tennessee from 2015 to at least 2020, in violation of the Fair Housing Act (FHA) and the Equal Credit Opportunity Act (ECOA). Continue Reading

Memphis 125
article thumbnail

SoftBank’s Vision Fund 2 Prepping Future Investments

PYMNTS

Sources have said that the Japanese conglomerate is reportedly in talks about funding Alto Pharmacy , a pharmaceutical delivery startup; Creator , which is focused on robotic burger-making; and Memphis Meats, a maker of lab-grown meat. It is still raising money for the new fund, which is expected to be larger than its first Vision Fund.

Memphis 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

SoftBank’s Vision Fund 2 Could Back Burger Maker, Pharma Delivery Firm

PYMNTS

Sources have said that the Japanese conglomerate is reportedly in talks about funding Alto Pharmacy , a pharmaceutical delivery startup; Creator , which is focused on robotic burger-making; and Memphis Meats, a maker of lab-grown meat. It is still raising money for the new fund, which is expected to be larger than its first Vision Fund.

Memphis 100
article thumbnail

TD Bank plans to hire 2K tech workers for automation, AI

BankInovation

with its acquisition of Memphis, Tenn.-based TD Bank is looking to build out its automation expertise as part of a push to hire 2,000 new technology workers. The bank, a subsidiary of $1.73 trillion TD Group, is expanding in the U.S. based First Horizon Corp. billion, according to a recent Bloomberg Mercury report. TD […].

Memphis 98
article thumbnail

Listen: Opportunities in crypto for banks, FIs

BankInovation

This is the message from Lawrence Pruss, senior vice president at Memphis, Tenn.-based As interest and investment in cryptocurrency spikes this year, banks and financial institutions (FIs) must decide whether and how to become involved, or potentially lose revenue and customers if they opt out.

Memphis 98
article thumbnail

Judge blocks Memphis credit union's acquisition of local bank

American Banker

(..)

Memphis 99
article thumbnail

Tri-State Bank of Memphis Hires First Tennessee Veteran as CEO

American Banker

Tri-State Bank of Memphis in Tennessee has hired Christine Munson, formerly of First Tennessee Bank, as its chief executive.

Memphis 28