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 [...] [...]
by Associated Press Published: March 28,2013
Tags: bank, banker, banking, bench, court, crime, drug addicition, finance, financial institution, fine, jail, judge, judicial, judiciary, justice, law, legal, prison, sentence, steal, stealing, teller, theft, thief, vault
GULFPORT — A federal judge has sentenced Ashley Ann Keel to 18 months in prison and ordered her to make restitution of the $80,980 she stole when she was vault teller for a Hancock Bank branch in Biloxi. The Sun Herald reports U.S. District Judge Louis Guirola Jr. sentenced Keel yesterday and also ordered drug [...] [...]
by MBJ Staff Published: March 26,2013
Tags: aid, assistance, bank, banker, banking, damage, destruction, disaster, disaster recovery, emergency, federal agency, finance, financial institution, flood, flooding, hail, loan, natural disaster, rain, storm, tornado, Weather, wind
SOUTH MISSISSIPPI — The U.S. Small Business Administration is reminding eligible private non-profit (PNP) organizations in Mississippi of the April 22 deadline to submit disaster loan applications for damages caused by severe storms, tornadoes and flooding that began Feb. 10. The SBA offers low interest disaster loans to private non-profit organizations for physical losses up [...] [...]
by MBJ Staff Published: March 25,2013
Tags: bank, banker, banking, capital, expansion, finance, financial institution, preferred stock, publicly traded company, share, stock
HATTIESBURG — The First Bancshares Inc., the parent company of The First, A National Banking Association, has completed a private placement of Series D Nonvoting Convertible Preferred Stock, $1 par value. The First raised $20 million in new capital through a private placement of 1,951,220 shares of its Series D nonvoting convertible preferred stock at [...] [...]
by Associated Press Published: March 25,2013
Tags: bank, banker, banking, build, building, construction, finance, financial institution, headquarters, office
LAFAYETTE, La. — Whitney Bank has begun construction on a regional headquarters building to serve the Lafayette, La., Morgan City, La., and central Louisiana markets. The Daily Advertiser reports the 20,000-square-foot River Ranch complex will house at least 50 employees and be a focal point of the bank’s business banking, commercial and middle-market lending, investments [...] [...]
by Associated Press Published: March 21,2013
Tags: bank, banker, banking, bench, court, crime, embezzlement, finance, financial institution, law, legal, prison, restitution, sentence, steal, teller, theft, vault
PICAYUNE — A former teller at a Picayune bank has been ordered to repay more than $117,000 she helped steal from the bank’s vault over a year’s time. U.S. District Judge Sul Ozerden also sentenced 43-year-old Debra Mitchell, of Carriere, to six months in prison, six months of house arrest and two years of post-release [...] [...]
by MBJ Staff Published: March 19,2013
Tags: babnking, bank, banker, businessowner, damage, destruction, disaster assistance, disaster recovery, drought, dry, entrepreneur, entrepreneurship, federal agency, finance, financial insitution, flood, heat, loan, natural disaster, rain, small business, tornado, Weather, wind
ACROSS MISSISSIPPI — The U. S. Small Business Administration reports it has approved over $1 million in Disaster Assistance Loans for residents and businesses in South Mississippi affected by the severe storms, tornadoes and flooding Feb. 10-22. The deadline to file an SBA disaster loan application for physical damage is April 15. “Currently 15 disaster [...] [...]
by MBJ Staff Published: March 15,2013
Tags: bank, banker, banking, expand, expansion, finance, financial institution, remodel, renovater, renovation
BRANDON — Community Bank has opened an office in Fairhope, Ala. Community Bank has remodeled the office, adding a 24/7 ATM, night depository and drive-through service lane. The new full-service bank is managed by Mark Stejskal. Also, Poenta Luckie, Baldwin County (Ala.) market president, will also be headquartered in this location. [...]
by MBJ Staff Published: March 12,2013
Tags: bank, banker, banking, disaster assistance, disaster reocvery, drought, dry, emergency, entrepreneur, entrepreneurship, federal agency, finance, financial institution, heat, loan, natural disaster, severe weather, small business
MISSISSIPPI DELTA — 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 8 is the filing deadline for federal economic injury disaster loans available in Mississippi as a result of the drought that began on July 31, [...] [...]
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