Judge blocks Memphis credit union's acquisition of local bank
American Banker
DECEMBER 2, 2021
Credit unions M&A
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Memphis credit union to nearly double in size with deal for rival bank
American Banker
AUGUST 11, 2021
Credit unions M&A
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Trending Sources
SoftBank’s Vision Fund 2 Prepping Future Investments
PYMNTS
OCTOBER 27, 2019
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. SoftBank’s Vision Fund, Memphis Meats and Alto Pharmacy all declined to comment, while Creator did not immediately respond to a request for comment. Investments Alto Pharmacy Creator Memphis Meats News SoftBank Group Corp. SoftBank Group Corp.
SoftBank’s Vision Fund 2 Could Back Burger Maker, Pharma Delivery Firm
PYMNTS
OCTOBER 27, 2019
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. SoftBank’s Vision Fund, Memphis Meats and Alto Pharmacy all declined to comment, while Creator did not immediately respond to a request for comment. Investments Alto Pharmacy Creator Memphis Meats News SoftBank Group Corp. SoftBank Group Corp.
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Tri-State Bank of Memphis Hires First Tennessee Veteran as CEO
American Banker
MARCH 4, 2016
Tri-State Bank of Memphis in Tennessee has hired Christine Munson, formerly of First Tennessee Bank, as its chief executive. breaking_news people womenin-banking tn community-banking
The 5 Most Exciting University AI Projects
Dataconomy
SEPTEMBER 20, 2017
Artificial Intelligence Education Carnegie Mellon Google Deepmind Harvard University IARPA Oxford University University of Memphis University of WashingtonArtificial Intelligence is one of the most exciting fields of growing technology. There are incredible advancements in AI happening on a regular basis. Many of the top universities around the world are involving themselves in some very interesting and exciting AI projects. These projects cover a pretty wide range of.
Listen: Opportunities in crypto for banks, FIs
BankInovation
NOVEMBER 29, 2021
This is the message from Lawrence Pruss, senior vice president at Memphis, Tenn.-based
Patientco adds billing interaction, payments app to Epic marketplace
Payments Source
AUGUST 31, 2020
Baptist Memorial Health Care in Memphis, Tenn., is among the first to enable real-time payment posting into Epic systems and a single deposit that reconciles daily with the Baptist Memorial system. Real-time payments Healthcare industry Bill pay
First Horizon eyes more expense cuts in wake of Iberiabank merger
American Banker
OCTOBER 23, 2020
The Memphis company is looking to take out more costs than initially planned due to the economic uncertainty brought on by the coronavirus pandemic.
Rebeca Romero Rainey: Stories worth telling
Independent Banker
MARCH 31, 2022
I’m headed to Memphis to meet with our state and regional partners, and then I’ll be engaging with the team at CRA Partners. Photo by Chris Williams. This Community Banking Month, I invite you to try something new to spread your story. Share a new development, community project or initiative.
First Tennessee Promotes Three Execs in Mid-Atlantic Region
American Banker
OCTOBER 11, 2016
First Tennessee Bank in Memphis said Tuesday that has promoted three executives in its Middle Atlantic region. breaking_news people corporate-governance tn community-banking
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First Tennessee Veteran Gets a Chairmanship Ahead of Retirement
American Banker
NOVEMBER 21, 2016
First Tennessee Bank in Memphis is giving veteran regional leader Pam Fansler an unusual retirement present: a chairmanship. people womenin-banking tn community-banking
First Horizon's Profit Climbs 7% on Strong Revenue Gains
American Banker
OCTOBER 14, 2016
Strong revenue growth powered First Horizon in Memphis to a 7% increase in third-quarter earnings. consumer-finance tn breaking_news national-regional
Jim Reber: Floating rate assets are back
Independent Banker
JULY 31, 2022
The 2022 Balance Sheet Academy will be held in Memphis, Tenn., Photo by nicomenijes/iStock. The financial press, economic commentators and social media sites have used a collection of terms this year that convey a certain image of market values for investment securities: “Plummet.” Underwater.”
Solid Revenue Lifts First Horizon's Results
American Banker
JULY 15, 2016
First Horizon National in Memphis, Tenn., reports solid quarterly results on the strength of revenue growth. breaking_news performance earnings-national-regional-banks tn national-regional
DOJ announces major new initiative targeting redlining; DOJ/CFPB/OCC settle redlining lawsuit against Mississippi-based national bank
CFPB Monitor
OCTOBER 26, 2021
The DOJ, CFPB, and OCC, announced they had entered into agreements with Trustmark National Bank (TNB) to resolve allegations that TNB engaged in lending discrimination by redlining predominantly Black and Hispanic neighborhoods in Memphis, Tennessee.
First Horizon Unit to Buy Firm That Securitizes SBA Loans
American Banker
OCTOBER 27, 2016
A unit of First Horizon National in Memphis, Tenn., has agreed to buy Coastal Securities, a Houston firm that trades, securitizes and analyzes Small Business Administration loans. breaking_news dealmaking-strategy national-regional
First Tennessee to Invest $1 Million in Financial Education
American Banker
SEPTEMBER 28, 2016
First Tennessee Bank in Memphis announced Wednesday that it will commit $1 million to Operation Hope’s new HOPE Fund to offer free financial literacy education in low-income communities. breaking_news consumer-finance tn national-regional
M&A Likely to Remain Slow, Says First Horizon Chief
American Banker
SEPTEMBER 13, 2016
Bryan Jordan, chairman and chief executive of First Horizon National in Memphis, Tenn., M&A activity has slowed this year, and D. doesn't see that changing anytime soon. breaking_news national-regional dealmaking-strategy
First Tennessee Hires Four for Its Growing Niche Lines
American Banker
OCTOBER 18, 2016
First Tennessee Bank in Memphis has recruited a quartet of executives for its expanding specialty banking lines that serve the franchising, healthcare, music, and transportation industries. breaking_news commercial-lending people tn national-regional
First Horizon Reports Solid Results on Increased Revenue
American Banker
APRIL 15, 2016
First Horizon National in Memphis, Tenn., reported improved quarterly earnings that reflected higher revenue. breaking_news consumer-finance commercial-lending performance tn national-regional
Four Months into 2016 and Only Two Bank Failures
American Banker
APRIL 29, 2016
When state and federal regulators closed Trust Company Bank in Memphis, Tenn., on Friday, it was only the second U.S. bank failure this year. breaking_news community-banking dealmaking-strategy fdic consolidation tn law-regulation
First Horizon, Wintrust to Buy Franchise Loans from GE Capital
American Banker
JUNE 27, 2016
First Horizon in Memphis, Tenn., and Wintrust Financial in Rosemont, Ill., have agreed to buy more than $1.2 billion in franchise loans from GE Capital. breaking_news national-regional tn dealmaking-strategy
Who were ICBA’s Top Lenders of 2022?
Independent Banker
JUNE 30, 2022
Memphis. The Peoples Bank helped the Jones family of Legacy Dairy in Hiseville, Ky., relaunch their business. From left, Ally Jones; bank chairman, president and CEO Terry L. Bunnell; and Doug, Genelle and Jagger Jones. Photo by Linkes Photography.
FedEx Eyes Stake In Germany’s Hermes Delivery Service
PYMNTS
MAY 27, 2020
The Memphis-based delivery company has instead seen a massive upswing in low-margin personal home deliveries as people start to shift to eCommerce during the pandemic.
Jim Reber: March sanity
Independent Banker
FEBRUARY 28, 2022
ICBA Securities and Vining Sparks will host the 2022 Bond Academy live in Memphis, Tenn., Photo by Gleitfrosch/iStock. This month has proven to be good for bonds. By Jim Reber, ICBA Securities.
Digital Bank Startup Branch Offers Mobile Payments
PYMNTS
JUNE 16, 2020
In addition to its partnership with Mastercard, Evolve Bank & Trust, the Memphis-based lender, will provide a free checking account and debit card. Branch , the digital bank startup, is branching out.
Sawyers & Jacobs Bank Tech Summit 2019: How Accelerators and Incubators May Hurt or Help Your Bank
William Mills
NOVEMBER 21, 2019
WMA president Scott Mills spoke at the Sawyers & Jacobs 2019 Bank Tech Summit in Memphis, Tennessee about how fintech accelerators and incubators can be of service to community financial institutions.
Uber Expands ‘Ride Pass’ Monthly Subscription
PYMNTS
MARCH 26, 2019
The new cities are Memphis, Tennessee; New York City, New York; Jacksonville, Florida; Dallas, Texas; St. Ride-hailing company Uber is expanding its Ride Pass program, a subscription service that lets riders pay a monthly fee for discounted rides on all Uber platforms, including electric bikes, scooters, UberX, Uber Pool and Express Pool, according to reports. When the program was first introduced last year, the cost was $14.99 per month.
Mall Vacancies At Highest Level In Eight Years
PYMNTS
OCTOBER 3, 2019
But 24 cities experienced vacancy rates that exceeded 12 percent, with the inclusion of Buffalo, Memphis and Albuquerque. Some geographies are coping with the upheaval in retail better than others, as vacancies in U.S. shopping malls reach an eight-year high. Reis data indicates that the proportion of units sitting empty in some cities – with the inclusion of Birmingham, Alabama and Indianapolis, Indiana – is roughly four times higher than San Francisco, the Financial Times reported.
COVID-19 Vaccine Could Complicate Holiday Shipping Delays
PYMNTS
DECEMBER 14, 2020
A COVID-19 vaccine has at last been approved in the U.S. for distribution. That is undeniably good news. The not so good news?
Mobile Wave Makes Cost-Cutting Easier for First Horizon
American Banker
APRIL 15, 2016
The Memphis company's forecast for the remainder of the year calls for cost saves from a branch-reduction effort that's gaining momentum as online and mobile banking grow and monthly visits to branches plummet. consumer-finance dealmaking-strategy bank-technology performance m-a commercial-lending mobile national-regional
FedEx Teams With Walmart, Target On Same-Day Delivery Robot
PYMNTS
FEBRUARY 27, 2019
The project has to be approved in the proposed test cities, including Memphis, where it has the go-ahead from Mayor Jim Strickland. FedEx plans to start testing a delivery robot this summer for “last-mile” home deliveries, and has partnered with Walmart, Pizza Hut and others to try out the technology, according to reports.
Fixing Meal Delivery By Ditching The Subscriptions
PYMNTS
OCTOBER 30, 2019
So far the only city it has launched in is Memphis — though Nashville and eventually urban areas across the U.S. That expansion will take some doing, as FIX’s future depends on masterful management of the very high-touch logistics system it has created, one that is managed from what the company describes as a “state-of-the-art production facility” at its headquarters in Memphis.
Food Startup Novameat Can 3D Print Alt-Meat Steaks
PYMNTS
SEPTEMBER 6, 2019
It has been involved in companies like Memphis Meat, Beyond Meat, Kite Hill, Geltor, Good Dot, Aleph Farms, Supermeat, Mosa Meat, New Wave and Zero Egg. “We Novameat, a Spanish food startup that wants to bring plant-based meat alternatives to the public, has gotten an investment from New Crop Capital to bring its 3D printed plant-based steaks to market, according to a report by TechCrunch.
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