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

State’s MAGIC accounting system works, albeit with glitches

by Published: August 21,2014

Tags: accounting, Business, JACKSON, Mississippi

Mississippi state government’s $100 million accounting system that launched July 1 made nearly 100,000 employee and vendor payments in July, but came in late on slightly more than two dozen contract worker payments. Human error caused the 26 contract payments to be a few days late, the Department of Finance & Administration said. In the […] [...]

Oxford’s FNC getting new headquarters

by Published: August 21,2014

Tags: Business, FNC, Mississippi, mortgage, Oxford

Mortgage technology firm FNC Inc. is in the middle of the design phase of its new headquarters in Oxford, a complex that will not only give the growing company needed space, but also reflect the city of Oxford’s vision for large, campus-like environments. “We have been working on our plans for about three years,” said […] [...]

Citizens Holding repurchasing up to 200K shares of common stock

PHILADELPHIA — Citizens Holding Company’s board of directors has authorized the repurchase of up to 200,000 shares of its outstanding common stock over the next 36 months. As part of the share repurchase program, shares may be purchased in open market transactions, including through block purchases, through privately negotiated transactions, or pursuant to any trading […] [...]

Community Bank, Pinnacle Trust ink new agreement

BRANDON and MADISON — Community Bank has entered into an agreement with Pinnacle Trust to offer a comprehensive wealth management platform. The new service, named Community Wealth Management, will not only provide investment services but, also asset management, financial planning and trust services. “We are excited that we will be able to provide our customers […] [...]

Southern Bancorp to acquire Bank of Bolivar County

by Published: August 19,2014

Tags: Arkansas, banking, Business, finance, Mississippi

Southern Bancorp, Inc. (“Southern”), a rural-focused Community Development Financial Institution (“CDFI”) and holding company for Southern Bancorp Bank, today announced it had signed an agreement to acquire the Bank of Bolivar County, which operates two branches in the Mississippi communities of Shelby and Mound Bayou. Southern currently operates a branch in Shelby, but Mound Bayou will […] [...]

What you and the airlines pay

by Published: August 14,2014

Tags: air fares, airports, Business, Mississippi, transportation

Here’s a rundown on fees charged airlines and passenger at Jackson Medgar Wiley Evers International Airport: Jackson Evers’s landing fees for commercial aircraft are assessed at $2.71 per 1,000 pounds of landed aircraft weight, according to the Airport Authority. Rental for ticket counters, administrative office spaces, boarding area/gate or passenger lounges is $77.89 a square […] [...]

For best air fares, learn the yield management game

by Published: August 14,2014

Tags: air fares, airport, Business, Mississippi

The Wall Street Journal in a 2011 article likened the pricing of airline tickets to a rug bazaar where the airlines try to get as much as they can out of each passenger. But the passenger can bring some savvy to the bargaining as well, says Glenn McGehee, who learned the airline ticket buying trade […] [...]

Jackson air fares among most expensive in the nation

» Fitch forecast for Southwest departure to increase costs for airlines and passengers looking accurate Passengers at Jackson Medgar Wiley Evers International Airport may already be feeling a fare pinch from the regional airport’s loss of discount carrier Southwest Airlines. First quarter figures from the U.S. Department of Transportation’s Bureau of Transportation Statistics show average […] [...]

AdvoCare Entrepreneur Challenge to gauge resources in Oxford area

A new entrepreneur’s competition has launched in Oxford that offers something a little different from similar programs. Winning competitors, in addition to the usual coach/mentoring services and other perks, will vie for attractive cash prizes. However, the AdvoCare Entrepreneur Challenge — representing a partnership between the Oxford-Lafayette County Economic Development Foundation and Plano, Texas-based AdvoCare […] [...]

MBA TURNS 125 — Regulation, technology driving consolidation

As the Mississippi Bankers Association celebrates its 125th anniversary this year, the number of banks in the states has decreased from about 165 to fewer than 100 in the past 30 years, and the spiraling growth of bank regulation could possibly reduce that number even farther. Freddie Bagley, chairman of Community Bancshares Inc., of Brandon […] [...]

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