by MBJ Staff Published: March 11,2013
Tags: bank, banker, banking, computer, finance, financial institution, fraud, software, solution, technology
JACKSON — Trustmark National Bank has added CONIX Systems Inc.’s Fraud Detective solution to the bank’s payment processing operation. Manchester, Vt.-based CONIX says Fraud Detective helps banks and payment processors reduce both risk and cost by improving the speed and accuracy of identifying payment fraud across payment channels. “Trustmark has systematically implemented payment alternatives for [...] [...]
by MBJ Staff Published: March 11,2013
Tags: agriculture, bank, borrow, co-operative, farm, farmer, farming, finance, financial institution, loan, patronage
RIDGELAND — In April, member-borrowers of First South Farm Credit will receive patronage refund checks for 2012 totaling more than $12 million as part of the patronage refund program. Daniel Viator, chairman of the First South board of directors, said, “This is the 18th consecutive year we’ve paid a patronage refund. Over that period of [...] [...]
TUPELO — BancorpSouth, Inc. has launched the BancorpSouth Payroll Card, through its Treasury Management division, designed to be an alternative to traditional check printing for businesses. By going through a Treasury Management representative, employers can set up payroll cards to have a safe, convenient way to electronically pay all employees without having the risk of paper [...] [...]
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 [...] [...]
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