Judge blocks Memphis credit union's acquisition of local bank

American Banker

Credit unions M&A

Memphis credit union to nearly double in size with deal for rival bank

American Banker

Credit unions M&A

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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. 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

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.

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. breaking_news people womenin-banking tn community-banking

The 5 Most Exciting University AI Projects

Dataconomy

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

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

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

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

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

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

First Tennessee Veteran Gets a Chairmanship Ahead of Retirement

American Banker

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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.