Archive for the ‘BANKING & FINANCE – Market Sector’ Category

Bank earns five stars for 94th consecutive quarter

by MBJ Staff Published: May 21,2013

Tags: bank, banker, banking, finance, financial institution, financial soundness, ran, ranking

GULFPORT — BauerFinancial Inc. has awarded Hancock Bank a 5-Star Superior rating for the quarter ending Dec. 31, 2012. Hancock Bank has received BauerFinancial recommendations (4-Star or 5-Star ratings) for 94 consecutive quarters — or more than 23 years. “By making common-sense business decisions, proactively managing risk, and understanding how people prefer to do business, [...] [...]

Deadline approaching for post-tornado loans from SBA

ACROSS MISSISSIPPI — The U.S. Small Business Administration reminds homeowners, renters, businesses and non-profit organizations of the deadline to submit disaster loan applications for damages due to the severe storms and tornadoes April 11-12. The deadline to apply for physical damage is June 17. Low-interest disaster loans are available in the following counties: Noxubee County [...] [...]

Bank opens new Texas office, expands Houston footprint

by MBJ Staff Published: May 17,2013

Tags: bank, banker, banking, expand, expansion, finance, financial institution, office

JACKSON — Trustmark National Bank has opened a new 12,000-square-foot office location on the first and second floors of the Nexen Building in Bunker Hill, Texas. The financial institution said it needs to expand as it continues to grow within the Houston market. Trustmark currently operates 15 locations in the Houston market, with loans outstanding [...] [...]

Check-cashing firm buys 10 more stores across Miss.

MADISON — All American Check Cashing announced today the completion of the acquisition of 10 payday loan retail stores today throughout Mississippi. Terms were not disclosed. This marks the second merger and acquisition for All American this year and increases the total number of retail stores in Mississippi and Louisiana to 44.  The payday loan [...] [...]

Bank prices initial public offering at $24 per share

GULFPORT — First NBC Bank Holding Company, the New Orleans-based holding company for First NBC Bank, has priced its initial public offering of 4,166,667 shares of common stock at a price to the public of $24 per share. The common stock has been approved for listing on the NASDAQ Global Select Market, trading under the [...] [...]

Federal White Paper sets stage for payday lending deposit curbs

by Ted Carter Published: May 10,2013

Tags: Mississippi Department of Banking & Finance, “cooling off”

Mississippi Department of Banking & Finance expects cooling off period, caps on number of loans An analysis of payday lending by the U.S. Consumer Financial Protection Bureau may be a prelude to establishing a “cooling off” period between loans taken out by chronic borrowers. The move could have a huge impact in Mississippi, where approximately [...] [...]

HARDWICK: Economic growth in Mississippi: It’s past, present and future

by Ross Reily Published: May 10,2013

Tags: economic development, Mississippi, Mississippi Business Journal, Phil Hardwick

Economic development, which is generally defined as the process of creating wealth in a community, continues to evolve. In this column we will discuss a bit of Mississippi economic development history, where it stands now and what the future might hold. PAST — The genesis of Mississippi’s formal economic development effort as we know it [...] [...]

CRAWFORD: Reshoring output requires STEM input

by Ross Reily Published: May 10,2013

Tags: Bill Crawford, finance, Mississippi, Mississippi Business Journal, taxes

Reshoring is the catchy name used to describe efforts to bring manufacturing jobs back to America. It includes the return of jobs “off-shored” or “out-sourced” by U.S. companies as well as jobs brought to America by direct foreign investment. While General Electric, Caterpillar and Ford have brought jobs back to the U.S., we see more [...] [...]

TROTTER: Estate and financial planning fundamentals

by Ross Reily Published: May 10,2013

Tags: finance, Ike Trotter, Mississippi, Mississippi Business Journal

For this column, we will discuss those areas of estate and financial planning for the age group I will refer as “age 50 and older.” Obviously, we’re dealing with a wide age span for people in this group that pairs those of the World War II generation along with the Baby Boomer generation that followed [...] [...]

SBA publishes interim rule on women-owned business program

WASHINGTON — An interim final rule published in the Federal Register and effective immediately will amend regulations to the U.S. Small Business Administration’s Women-Owned Small Business Federal Contract Program. According to the SBA, the interim final rule allows for greater access to federal contracting opportunities for women-owned businesses as a result of the National Defense [...] [...]

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