Thursday, January 20, 2022

Business

Tri-State Bank of Memphis will complete its merger with Liberty Bank and Trust Co., the largest African-American owned financial institution in the nation, on Friday (Oct. 8). Executives of both institutions announced the completion on Tuesday (Oct. 5). Under the merger,...
In Philadelphia, about 67 percent of the city’s minority enterprises were not “technology ready” when COVID-19 disrupted business as usual, said Della Clark, president and CEO of The Enterprise Center, a minority business development agency there. Clark, a 28-year minority...
Jobs are open across the country, millions of them but, it seems, no one to fill them. And for Memphis and Shelby County, tourism and businesses associated with it are suffering.  “The shortage of employees in the hotel and hospitality industry...
Trevia Chatman, who has 20 years of leadership experience within the financial services industry, has been named president of Bank of America Memphis. As president, Chatman, who joined the bank in 2018, will be responsible for connecting the banking and...
Venturing to bring home to me the practicality of building an 85-acre movie campus owned by African Americans, Jason Farmer had me imagine telling – via a film – the story of The New Tri-State Defender. “If I wanted to...
Founded in 1946 to “constructively change community conditions,” Tri-State Bank of Memphis is on course to be acquired by New Orleans-based Liberty Bank and Trust Company, the largest African-American-owned financial institution in the U.S. The boards of directors of each...
Soul food lovers can rejoice, now that The Four Way Soul Food Restaurant has partially reopened for business. Last week’s surprise grant award of $40,000 on the “Today” show, not to mention the great response to getting vaccinated in Shelby...
by Anne D'Innocenzio --  NEW YORK – Target will spend a total of more than $2 billion at Black-owned businesses by 2025 as part of its effort to advance racial equity. That’s a significant increase in overall spending on Black-owned businesses,...
The Black Business Association of Memphis, a leader in minority business growth and development for the city, has named Ernest Strickland as its new president and chief executive officer. He began his new job Thursday (April 1).  Strickland, who has...
by Brianna Smith-Herman -- With Women’s History Month in mind, I reached out to a high-profile event strategist, a self-published author of a children’s book and a celebrity cosmetologist to find out how they built successful business enterprises rooted in...