by MBJ Staff Published: April 17,2013
Tags: college, education, entrepreneur, entrepreneurship, federal agency, higher education, minorities, postsecondary education, public university, small business, university
AROUND MISSISSIPPI — The U.S. Small Business Administration Regional Administrator Cassius Butts recently signed strategic alliance memorandums (SAMs) with Alcorn State University, Mississippi Valley State University and Rust College. Dr. M. Christopher Brown II, Alcorn State University president, Dr. Alfred Rankins Jr., acting president of Mississippi Valley State University, and Dr. David L. Beckley, president [...] [...]
by Associated Press Published: April 16,2013
Tags: bank, banker, banking, bench, court, crime, criminal, embezzle, embezzlement, embezzler, executive, fraud, guilt, judge, judicial, law, legal, money, money laundering, plea, sentence, trial
BUDE — A former bank executive has pleaded guilty to bank fraud and money laundering. U.S. Attorney Gregory K. Davis and FBI Special Agent in Charge Daniel McMullen said Larry Barnette Hill, 58, of Meadville, entered the plea in federal court in Jackson. Hill served as CEO of People’s Bank of the South in Bude. [...] [...]
by MBJ Staff Published: April 12,2013
Tags: bank, banker, banking, disaster recovery, drought, dry, emergency, entrepreneur, entrepreneurship, federal afgency, finance, financial institution, heat, loan, natural disaster, small business, Weather
NORTH MISSISSIPPI — The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes that May 13 is the filing deadline for federal economic injury disaster loans. These loans are available in Alcorn, Benton and Tippah counties in as a result [...] [...]
by Associated Press Published: April 11,2013
Tags: bank, banker, banking, bench, case, Chief Executive Officer, court, finance, financial institution, fraud, judge, judicial, justice, legal, money laundering, trial
BUDE — The former chief executive officer or a south Mississippi bank has been charged with fraud and money laundering. A criminal information filed in federal court says Larry Barnette Hill was CEO of Peoples Bank of the South in Bude. A criminal information often means a defendant will plead guilty. The document says Hill [...] [...]
by MBJ Staff Published: April 10,2013
Tags: acquisition, attorney, bank, banker, banking, bench, class action, court, finance, financial institution, judge, justice, law, law firm, lawsuit, lawyer, legal, merger, purchase, sale, sell
KOSCIUSKO and TUPELO — Robbins Geller Rudman & Dowd, LLP of San Diego has started a class action, through an amended complaint filed on April 8 in the United States District Court for the Northern District of Mississippi on behalf of all holders of First M&F Corporation (FMFC) common stock as of Feb. 7, 2013, [...] [...]
by MBJ Staff Published: April 5,2013
Tags: campaign, credit union, financial institution, home, homeowner, homeownership, house, marketing, public relations, real estate, residence, resident, residential real estate
JACKSON — HOPE (Hope Enterprise Corporation/Hope Credit Union) has helped launch Home Matters, a national movement to build public support for the concept of homeownership. Home Matters is spearheaded by the National NeighborWorks Association (NNA), a coast-to-coast coalition of housing and community development organizations, other nonprofits, companies and the public at large. The launch took [...] [...]
by Associated Press Published: April 4,2013
Tags: bank, banker, banking, bill, fee, finance, financial institution, lawmaker, legislation, legislative, legislator, Legislature, loan, state government
JACKSON — Mississippi lawmakers are rejecting a plan to raise fees on loans between $500 and $4,000. On a voice vote, House members rejected Senate Bill 2571, with opponents saying it was immoral to raise interest rates on hard-up borrowers. House members technically sent the bill back for more negotiations, but senators didn’t act, killing [...] [...]
by MBJ Staff Published: April 2,2013
Tags: assistance, disaster, disaster recovery, drought, dry, entrepreneur, entrepreneurship, federal agency, loan, natural disaster, severe weather, small business, Weather
NORTH MISSISSIPPI — The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes that April 29 is the filing deadline for federal economic injury disaster loans available in Benton, Calhoun, Lafayette, Marshall, Panola, Pontotoc, Tate, Tippah, Union and Yalobusha counties [...] [...]
by MBJ Staff Published: March 29,2013
Tags: acquire, acquisition, bank, banker, banking, branch office, buy, expand, expansion, finance, financial institution, purchase, sale, sell
OXFORD — Trustmark National Bank, a subsidiary of Trustmark Corporation, has signed a definitive branch purchase and assumption agreement pursuant to which it will acquire the two branches of SOUTHBank, F.S.B., serving the Oxford market. The agreement contemplates the assumption of selected deposit accounts of approximately $11.8 million as well as the purchase of the [...] [...]
TUPELO — BancorpSouth is setting aside a $500 million loan fund aimed at Mississippi businesses, saying it will work with state officials to find qualified borrowers. Gov. Phil Bryant appeared with BancorpSouth executives to laud the move today. The officials spoke at the headquarters of C Spire Wireless, citing the eight-story office building as an [...] [...]
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