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

Former MDA employee, Jay McCarthy, returns as CFO

by Published: September 5,2014

Tags: Business, economic development, FOCUS, MDA, Mississippi

With 30 years experience in finance, banking and economic development, Jay McCarthy is prepared for his new position as chief financial officer for the Mississippi Development Authority. His experience has included previous stints with MDA along with work in the private sector. As chief financial officer, he oversees MDA’s Financial Resources and Accounting and Finance […] [...]

Former MDA employee, Jay McCarthy, returns as CFO

by Published: September 4,2014

Tags: Business, economic development, FOCUS, MDA, Mississippi

With 30 years experience in finance, banking and economic development, Jay McCarthy is prepared for his new position as chief financial officer for the Mississippi Development Authority. His experience has included previous stints with MDA along with work in the private sector. As chief financial officer, he oversees MDA’s Financial Resources and Accounting and Finance […] [...]

BLACKWELL: Passing on financial wisdom to your children

by Published: September 4,2014

Tags: banking, Business, finance, Mississippi, Regions Bank

The time of year when children head back to school provides an excellent opportunity to evaluate what they are learning — and what we are teaching them. As parents and grandparents, we teach them to read and write, to wash the car and mow the lawn, to bait a hook and build a fire. We […] [...]

Ridgeland apartments face classification deadline

by Published: September 3,2014

Tags: apartments, Business, Mississippi, ridge land

Ridgeland has given the owners of its dozen-and-a-half apartment complexes until Sept. 6 to apply for classifications that will determine whether the complexes must be demolished or gain time to meet sweeping new zoning and building-density rules. Some, such as the decades-old Baymeadows Apartment on Pine Knob Drive, may have to come down and its […] [...]

What’s behind the plan? Apartment zoning in Ridgeland targets minorities, lawsuit says

by Published: September 3,2014

Tags: apartments, Business, lawsuit, Mississippi, Ridgeland

A federal lawsuit filed last Friday charges that Ridgeland’s bid to phase-out current apartment complexes seeks to rid the city of affordable housing occupied primarily by blacks and Hispanics. The suit on behalf of the 260-unit Baymeadows Apartments is in response to an overhaul of the city’s zoning ordinance in February that designated five of […] [...]

BancorpSouth opens another office in Texas

TUPELO — BancorpSouth Bank, subsidiary of BancorpSouth Inc., has opened a loan production office in Sugar Land, Texas. BancorpSouth’s new office is located at 8410 Highway 90A, Suite 100 in Sugar Land. BancorpSouth Bank currently operates 19 full-service banking locations in East Texas with almost $1 billion in net loans and more than $800 million […] [...]

TREY DELLINGER: Employers, get a handle now on compliance

by Published: August 29,2014

Tags: accounting, Business, law, Mississippi

Under the Fair Labor Standards Act (FLSA), most employees in the United States must be paid the federal minimum wage or greater for all hours worked and overtime pay at time and one-half their regular rate of pay for all hours worked in excess of forty (40) hours in a workweek. The FLSA provides an […] [...]

George Flaggs regrets repayment flaw in lending law

by Published: August 29,2014

Tags: Business, Mississippi, payday lenders

The former chairman of the Mississippi House Banking Committee gave strong support in 2012 to renewal of the state’s payday lending law. The chairman’s enthusiasm even led him to lead the push to remove sunset provisions and make payday lending permanent in Mississippi. George Flaggs, elected mayor of Vicksburg last year after 26 years in […] [...]

PriorityOne buys mortgage lending offices; forms ‘Delta Division’

MAGEE — PriorityOne Bank has acquired new mortgage lending offices in Greenwood and Greenville, which have been dubbed the “Delta Division” of PriorityOne Mortgage. These offices will give PriorityOne Mortgage the ability to service cities and towns in the Delta region of Mississippi. Robert J. Barnes, president and CEO of PriorityOne Bank, said, “We are […] [...]

BancorpSouth adding to Louisiana footprint with loan production office

TUPELO — BancorpSouth Bank, subsidiary of BancorpSouth Inc., has opened a loan production office in Lake Charles, Louisiana, expanding the bank’s footprint in Southwest Louisiana. BancorpSouth’s Lake Charles office is located at 4660 Lake Street and provides commercial, real estate construction, and residential mortgage lending, together with a range of related banking services. Russell Pawlowski, […] [...]

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