Mississippi Business Journal » BANKING & FINANCE – Market Sector

Whitney closing eight branches in three La. cities

Associated Press — Wed, 05 Jun 2013 11:10:27 +0000

GULFPORT — Eight Whitney Bank branches in Louisiana are set to close at the end of August. Hancock Holding Co., the Gulfport-based parent company of Whitney Bank, announced it would close the Baton Rouge branches at 9800 Airline Highway, 2600 Citiplace Drive and 11659 Plank Road, along with a branch in Algiers, and one in [...]

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More than 200 employees take early retirement from BancorpSouth

MBJ Staff — Tue, 04 Jun 2013 11:41:44 +0000

TUPELO — BancorpSouth Inc. has released the final results of the company’s previously announced voluntary early retirement program, which was offered to certain employees as a part of ongoing efforts to improve efficiency and operating performance. All responses were due, subject to applicable rescission rights, on or before May 23. Of the 418 employees who [...]

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Bank earns five stars for 94th consecutive quarter

MBJ Staff — Tue, 21 May 2013 12:09:10 +0000

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, [...]

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Deadline approaching for post-tornado loans from SBA

MBJ Staff — Fri, 17 May 2013 12:12:07 +0000

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 [...]

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Bank opens new Texas office, expands Houston footprint

MBJ Staff — Fri, 17 May 2013 12:09:31 +0000

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 [...]

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Check-cashing firm buys 10 more stores across Miss.

MBJ Staff — Thu, 16 May 2013 17:53:02 +0000

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 [...]

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Bank prices initial public offering at $24 per share

MBJ Staff — Mon, 13 May 2013 11:32:54 +0000

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 [...]

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Federal White Paper sets stage for payday lending deposit curbs

Ted Carter — Fri, 10 May 2013 20:13:00 +0000

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 [...]

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

Ross Reily — Fri, 10 May 2013 19:32:15 +0000

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 [...]

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CRAWFORD: Reshoring output requires STEM input

Ross Reily — Fri, 10 May 2013 19:29:20 +0000

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 [...]

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