NATCHEZ — The City of Natchez has received a slight downgrade to its bond rating. The Natchez Democrat reports the Moody’s Investors Service downgraded the city’s general obligation bond rating from A1 to A2. City financial adviser Demery Grubbs said the move should have no effect on the city’s capacity to borrow money. He said [...] [...]
by MBJ Staff Published: March 5,2013
Tags: bank, banker, banking, disaster assistance, disaster recovery, drought, dry, emergency, entrepreneur, entrepreneurship, federal agency, heat, hot, loan, natural disaster, severe weather, small business
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 1 is the filing deadline for federal economic injury disaster loans as a result of the drought that began on Aug. 1, 2012. The SBA’s [...] [...]
by MBJ Staff Published: March 5,2013
Tags: agriculture, bank, banker, banking, dividend, farm, farmer, farming, forest, forester, forestry, patronage, ranch, rancher
RIDGELAND — Southern AgCredit recently returned a record level of net earnings to its customer/owners in Mississippi and Louisiana. This marks the 17th consecutive year of the co-op’s patronage program. Southern AgCredit customers received a check for their portion of the $6.9-million cash patronage, plus a statement detailing their share of a $7.3-million patronage allocation [...] [...]
by MBJ Staff Published: March 4,2013
Tags: aid, assistance, bank, banker, banking, disaster, disaster recovery, disaster response, emergency, entrepreneur, Farrington Distinguished Entrepreneur Award, federal agency, federal government, finance, financial institution, legislative, loan, small business
WASHINGTON — U.S. Sen. Mary L. Landrieu, D-La., and Sen. Thad Cochran, R-Miss., have introduced a bill designed to make U.S. Small Business Administration (SBA) disaster programs more responsive to the needs of small businesses impacted by disasters. The bill is also co-sponsored by Sen. Kirsten Gillibrand, D-N.Y., and Sen. Mark Pryor, D-Ark. According to [...] [...]
by Associated Press Published: March 4,2013
Tags: auction, babkrupt, bankruptcy, casino, court, creditor, gamble, gambling, gaming, inventory, law, legal, trustee, vessel
VICKSBURG — The trustee in the bankruptcy liquidation case of a closed Vicksburg casino boat has requested that the vessel and some of its inventory be auctioned. The Vicksburg Post reports creditors of the closed Grand Station Casino will go before a court-appointed trustee on April 5 as the case proceeds. Trustee Stephen Smith continued [...] [...]
by Associated Press Published: March 1,2013
Tags: court, fraud, grand jury, hedge fund, indict, indictment, invest, investment, investor, justice, law, legal, scam, scheme
BATON ROUGE, La. — A federal grand jury has indicted a Louisiana man on 18 counts of mail fraud for allegedly executing a $13-million investment fraud scheme. The Advocate reports U.S. Attorney Donald J. Cazayoux Jr. announced yesterday that 57-year-old James R. Holdman, of Baker, La., operated a hedge fund called Greenwing Capital Management, LLC, [...] [...]
by MBJ Staff Published: February 26,2013
Tags: award, bank, banker, banking, business loan, entrepreneur, entrepreneurship, finance, financial institution, honor, lending, loan, recognition, small business, startup
GULFPORT — Hancock Bank and Whitney Bank have received a combined eight national and regional Greenwich Excellence Awards in Small Business and Middle Market Banking for 2012. According to a news release, the two Gulf South financial institutions were among the top six percent of eligible organizations to earn the coveted Greenwich Associates recognition, which [...] [...]
by MBJ Staff Published: February 25,2013
Tags: aid, assistance, bank, banker, banking, disaster recovery, emergency, entrepreneur, entrepreneurship, federal agency, finance, financila institution, loan, natiral disaster, small business
DESOTO COUNTY and MARSHALL COUNTY — 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 March 18 is the filing deadline for federal economic injury disaster loans available in DeSoto and Marshall counties as a result of the [...] [...]
by MBJ Staff Published: February 21,2013
Tags: acquisition, bank, banker, banking, buy, expansion, finance, financial institution, merger, purchase, sale, sell
BILOXI — The boards of directors of Community Bank, National Association, based in Alabama and the recently acquired Community Bank, Destin, Fla., have voted to merge with Community Bank, Coast, headquartered in Biloxi. Terms were not disclosed. According to Community Bank, the merger creates a $588-million bank consisting of 15 offices of Community Bank from [...] [...]
by Associated Press Published: February 21,2013
Tags: bank, banker, banking, bench, court, embezzlement, finance, financial institution, judge, judicial, judiciary, justice, law, legal, plea, teller, theft
PICAYUNE — The former head teller of a Picayune bank has pleaded guilty to participating in the theft of $117,000 from a vault. Vonetta Jordan, of Poplarville, pleaded guilty to bank fraud in U.S. District Court in Gulfport. She will be sentenced by U.S. District Judge Sul Ozerden on May 23 and faces up to [...] [...]
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