CFPB Monitor

JANUARY 30, 2024

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

Memphis Tennessee Lending 125

CFPB Monitor

MAY 16, 2022

The CFPB recently issued its annual fair lending report covering its fair lending activity in 2021. . Small business lending—assessing whether there are disparities in application, underwriting, and pricing processes, redlining, and whether there are weaknesses in fair lending-related compliance.

Lending 148

Lending Report Memphis Tennessee 148

Abrigo

JULY 11, 2017

In December of 2016, the Consumer Financial Protection Bureau’s associate directors of the Office of Fair Lending expressed a new shift in priorities that will increase focus on small business lending, among other loan types. published in the May 2017 issue of BankNews.

Regulation 150

Regulation Memphis Tennessee Lending 150

American Banker

JANUARY 16, 2025

The Memphis, Tennessee-based bank had a $91 million loss related to its securities portfolio, which weighed on noninterest income.

Memphis 73

Memphis Tennessee Security Lending 73

CFPB Monitor

JULY 27, 2016

Department of Justice of charges that the bank’s mortgage lending practices violated the Equal Credit Opportunity Act and Fair Housing Act by redlining majority-minority neighborhoods in the Memphis MSA and illegally discriminating against African Americans in the underwriting and pricing of certain mortgage loans. ”

Memphis 60

Memphis Policies Lending Compliance 60

Independent Banker

JUNE 30, 2022

Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. The score combines the average of the bank’s percentile rank for lending concentration and for loan growth over the past year in each lending category. By Ed Avis. Methodology. AGRICULTURE.

Community Bank 172

Community Bank Community National Philadelphia 172

Independent Banker

NOVEMBER 24, 2014

When Gowen first arrived at Merchants & Planters in 1983 to serve as its president and senior lending officer, the bank had two branches and $47 million in assets. Among many other activities, as a longtime board member of the Barret School of Banking in Memphis, Tenn., Today, the company is more than 32 percent employee-owned.

St. Louis 105

St. Louis Community Community Bank Leadership 105