Memphis Local, Sports, Business & Food News | Daily Memphian | Business - Financial Services

First Horizon reports strong first quarter performance

amaki@dailymemphian.com (Aisling Mäki) — Wed, 16 Apr 2025 19:22:32 -0500

First Horizon President and CEO Bryan Jordan said the Memphis-based bank’s business model “prioritizes safety and soundness, profitability and growth, equipping us to manage uncertainties and adapt to economic changes.”

First Horizon and California firm ink wealth-management deal

amaki@dailymemphian.com (Aisling Mäki) — Wed, 9 Apr 2025 19:36:43 -0500

San Diego-based LPL will expand its wealth-management services while gaining access to First Horizon Advisors and its $16 billion in assets across a 12-state footprint.

Orion Federal Credit Union unveils new name

amaki@dailymemphian.com (Aisling Mäki) — Wed, 9 Apr 2025 06:24:42 -0500

The newly renamed Orion Financial is the Mid-South’s largest credit union with 70,000 members and more than $1.2 billion in assets.

Truist Bank names new Memphis president

amaki@dailymemphian.com (Aisling Mäki) — Tue, 25 Feb 2025 19:15:06 -0600

Truist said Jean Morton, its new Memphis market president, will harness her more than 30 years of experience to help grow the bank’s local presence.

Orion, Financial Federal deal is dead

amaki@dailymemphian.com (Aisling Mäki) — Fri, 21 Feb 2025 18:01:25 -0600

Orion Federal Credit Union said in 2021 it would acquire a Memphis-based community bank, but Financial Federal CEO Kent Wunderlich said the acquisition was “mutually terminated.”

Local credit union names new CEO

amaki@dailymemphian.com (Aisling Mäki) — Mon, 17 Feb 2025 18:14:21 -0600

Chartered in 1961, Shelby County Federal Credit Union serves 10,000 local members in two counties.

First Horizon reports 2024 fourth quarter and full-year earnings

amaki@dailymemphian.com (Aisling Mäki) — Thu, 16 Jan 2025 19:02:22 -0600

FHN President and CEO Bryan Jordan said the fourth quarter and full-year 2024 results reflect a “focused execution” of the bank’s strategic priorities.

Mississippi River towns seek to fund flood-damage recovery

info@agwaterdesk.org (Mississippi River Basin Ag & Water Desk) — Sat, 30 Nov 2024 14:50:37 -0600

Mayors along the Mississippi River have watched as intensifying rain storms and floods wreak havoc. This fall, the Mississippi River Cities and Towns Initiative announced a new pilot program to help river towns better recover.

Investment leaders to discuss the future of Memphis development

ssurrett@dailymemphian.com (Sophia Surrett) — Thu, 24 Oct 2024 12:42:04 -0500

The seminar will be held at the Memphis Botanic Garden at 3:30 p.m., Thursday, Oct. 24. Pre-registration is open until 11 a.m. Thursday.

First Horizon reports third-quarter growth

amaki@dailymemphian.com (Aisling Mäki) — Wed, 16 Oct 2024 18:25:54 -0500

“Our results reflect the strength of our diversified business model and our continued focus on growing and deepening client relationships,” FHN President Bryan Jordan said.

TD Bank to pay $3 billion in historic money-laundering settlement with the Justice Department

editions@dailymemphian.com (The Associated Press) — Mon, 14 Oct 2024 18:54:18 -0500

The $13.4 billion merger between TD Bank Group and First Horizon National Corp. was scrapped last year following months of delays as the financial institutions tried to overcome regulatory oversight of their deal.

Oppenheimer & Co. moves into Memphis financial market

amaki@dailymemphian.com (Aisling Mäki) — Mon, 23 Sep 2024 16:15:35 -0500

Oppenheimer & Co. Inc., a global brokerage and investment bank, first moved into Tennessee in 2022, when it opened a Nashville office.

First Horizon reports better-than-expected second quarter earnings

amaki@dailymemphian.com (Aisling Mäki) — Wed, 17 Jul 2024 18:59:22 -0500

Bryan Jordan, who has led the Memphis-based bank since 2007, said the company continues to make “significant progress” on its strategic investments while identifying operational efficiencies.

Federal government wants Memphis entrepreneurs to know about small biz resources

amaki@dailymemphian.com (Aisling Mäki) — Thu, 11 Jul 2024 07:36:38 -0500

“There is federal investment coming in, but we need local talent and especially diverse entrepreneurs to step in and take advantage of this historic time,” said the deputy administrator for the U.S. Small Business Administration.

Orion credit union announces next president and CEO

amaki@dailymemphian.com (Aisling Mäki) — Mon, 24 Jun 2024 19:38:54 -0500

For the past five years, she has served as executive vice president and chief financial officer at Orion, the Mid-South’s largest credit union with 70,000 members and more than $1.2 billion in assets.

First Horizon reports growth over previous quarter

amaki@dailymemphian.com (Aisling Mäki) — Wed, 17 Apr 2024 19:15:48 -0500

First Horizon National Corp. President and CEO Bryan Jordan said in a statement that the bank’s adjusted net income had increased 10% from the previous quarter.

First Horizon foundation to award $1.6M in grants

amaki@dailymemphian.com (Aisling Mäki) — Wed, 3 Apr 2024 19:33:15 -0500

The foundation plans to award 160 grants to nonprofits within First Horizon Bank’s 12-state footprint.

Alabama's ServisFirst Bank moves into Memphis market

amaki@dailymemphian.com (Aisling Mäki) — Tue, 26 Mar 2024 04:00:06 -0500

The new Memphis location is the second Tennessee branch for the Alabama-based commercial bank, which has assets exceeding $16 billion.

Memphis-based HHM Certified Public Accountants acquires Pensacola firm

amaki@dailymemphian.com (Aisling Mäki) — Sat, 16 Mar 2024 04:00:13 -0500

HHM Certified Public Accountants has been in business for more than 40 years, and has a Memphis office at 1755 Kirby Parkway.

John Stokes, a force at Morgan Keegan and in Memphis, dies at 86

jroberts@dailymemphian.com (Jane Roberts) — Tue, 12 Mar 2024 16:45:18 -0500

For decades starting in the early 1970s, Stokes was in charge of equity capital markets and the No. 2 at Morgan Keegan.