Archive for the ‘BANKING & FINANCE – Market Sector’ Category

Fed: Mississippi, other states in Atlanta District expected to sustain modest economic growth

by Published: October 23,2014

Tags: Atlanta, Business, Mississippi

Expect to see more of the growth in economic activity that is occurring in Central and South Mississippi, says a new Federal Reserve Beige Book that periodically assesses the economic health of the Atlanta Fed district and the 11 other districts. The Beige Book, released Oct. 15, leads off with a note that the “modest […] [...]

Turner Grain’s bankruptcy will help consolidate lawsuits alleging breach of contract

by Published: October 23,2014

Tags: Arkansas, Business, grain, Mississippi, Mississippi Delta

A group of Mississippi Delta farmers will join their counterparts in Arkansas and Louisiana in seeking to recoup millions of dollars Turner Grain Merchandising owes them now that the Brinkley, Arkansas, commodities broker has filed Chapter 11 bankruptcy. Greenville lawyer Scott Phillips, who represents Leland farmer Harper Ross and five other Delta farmers who say Turner […] [...]

JRA plans image makeover, hires crisis manager

by Published: October 23,2014

Tags: Business, Farish Street, HUD, Mississippi, money, NEWS, real estate

The Jackson Redevelopment Authority conceded Wednesday it has an image problem. The agency widely known for the low priority it puts on transparency wants a makeover in public perception. It’s hired Yellow Brick Media Concepts of Jackson to provide it. The board received a proposal from Yellow Brick principal Kathy Times for a full branding […] [...]

Peoples Bank reports quarterly loss due to bad loans

BILOXI — The parent of The Peoples Bank reported a net loss of $1.8 million for the quarter ending Sept. 30. Peoples Financial Corporation CEO Chevis Swetman says the loss stemmed primarily from issues with two loans. Swetman says the bank’s fundamentals remain sound, though it was forced to write down one loan and move […] [...]

Watkins says JRA out to block him from Farish by repaying HUD $1.5M

Former Farish Street developer David Watkins says he suspects bad faith motives are behind the Jackson Redevelopment Authority’s agreement to cover a $1.5 million repayment the U.S. Department of Housing and Urban Development has demanded from the City of Jackson. Watkins says the motive is clear to him:  Paying HUD could clear the way for […] [...]

Renasant records highest quarterly earnings in 110-year history

TUPELO — Renasant Corporation saw net income for the third quarter of 2014 increase to $15,535,000, or basic and diluted earnings per share (EPS) of $0.49, as compared to $6,637,000, or basic and diluted EPS of $0.24, for the third quarter of 2013. The company’s balance sheet and results of operations as of and for […] [...]

BancorpSouth’s efforts focused on remediating regulatory concerns

TUPELO — BancorpSouth Inc. saw its net income rise more than 15 percent to $28.8 million in the third quarter, as loans and insurance commission revenue increased. The company reports noninterest revenue was $69.3 million, up from $62.5 million for the year-ago period. Insurance commission revenue played a large role, rising from $23.8 million to […] [...]

Community Bank welcomes Shane’ E. Dubois

by Published: October 20,2014

Tags: Community Bank, Shane’ E. Dubois

Shane’ E. Dubois has joined Community Bank in the Flowood office as a vice president. Dubois was previously employed at another local bank as a vice president and branch manager with over 19 years of experience. Dubois, a Jackson native, resides in Rankin County with her husband, Flowood native Dan Dubois, and their two children, […] [...]

Stacy Thompson chosen by Regions

by Published: October 20,2014

Tags: Cowan Road Branch in Gulfport, Regions Bank, Stacy Thompson

Regions Bank has appointed Stacy Thompson as assistant vice president and manager of the bank’s Cowan Road Branch in Gulfport. A native of Petal, Thompson has more than 15 years of banking industry experience. She most recently served as a branch manager for BancorpSouth in Hattiesburg. Thompson earned her business marketing degree from California Coast […] [...]

MISSISSIPPI RISING: Time to sell the image

by Jack Weatherly A Harvard professor said long ago: “Nothing happens until somebody sells something.”That was pretty profound, still is.Here’s something else pretty profound. Mississippi State is No. 1 and Ole Miss is No. 3 in college football. State has never been in that position. Ole Miss has been at the top of the heap a […] [...]

Next Page »

Recent Posts

Polls

How ready is your business for health care reform?

View Results

The MBJ poll should not be considered a scientific one. Results reflect only the opinion of those who participate.

Loading ... Loading ...

Recent Comments