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

MBJ’s Mississippi Marketplace begins Friday as it celebrates 31st year with new name

by Published: September 18,2014

Tags: Business, JACKSON, marketplace, Mississippi, NEWS, Trade Mart

The MBJ Business Marketplace gets under way today at the Mississippi Trade Mart at the fairgrounds in Jackson with a new name and new features. EVENT TICKET (Download, fill out and get FREE admission to the MBJ Business Marketplace) Formerly the Mississippi Business & Technology EXPO, the revamped and renamed Marketplace still is the largest […] [...]

Margaritaville owner files for bankruptcy before landlord hearing

BILOXI — The owner of Biloxi’s Margaritaville casino filed for Chapter 11 bankruptcy protection yesterday, only hours before a hearing where the landlord aimed to seize the property. The filing by MVB Holding LLC in U.S. Bankruptcy Court in Gulfport follows the casino’s shutdown on Monday night. Don Dornan, a lawyer for landlord Clay Point, […] [...]

BLAKE WILSON: Danny Mitchell was a remarkable business leader, a better friend

    Danny Mitchell – the retired leader of the GodwinGroup – died last weekend. He was a remarkable business leader, a tireless volunteer in his community and at his alma mater, Southern Miss and a loyal and steadfast friend to me and many others. During his 30 years of involvement at the GodwinGroup, he […] [...]

Fed’s Beige Book notes moderate economic growth in Mississippi’s 2 districts

by Published: September 15,2014

Tags: banking, Business, finance, Metropolitan Bank, Mississippi, Ridgeland

Federal Reserve banks in Atlanta and St. Louis, both of which have Mississippi jurisdictions, report modest gains in economic activity since mid July. Reporting in the Federal Reserve’s Sept. 4 Beige Book, the Atlanta Fed said business optimism for 2014 exceeds actual gains to this point. “Regardless of the outlook, most firms continue to be […] [...]

Bigger looks better for Mississippi’s banks

by Published: September 15,2014

Tags: banking, Business, finance, Mississippi

Mississippi’s banks netted profits of $369 million in the second quarter, but the state’s small banks with less than $100 in assets continued a two-year decline in profits, the Federal Deposit Insurance Corp. reports. While banks above $100 million in assets earned nearly $100 million more over the same quarter last year, going from $266 […] [...]

A Q&A with the SBA

by Published: September 15,2014

Tags: banking, Business, Mississippi, Q&A, SBA

(Q) Media reports and some surveys in the last six months say it seems business lending is resurgent in most parts of the country.  Would you say that is true for Mississippi small business lending? (A) Yes, there has been a resurgence for small business lending as a whole. Lending in Mississippi thus far this […] [...]

For SBA fixed-asset lending, think 504

by Published: September 15,2014

Tags: banking, Business, Mississippi, SBA

Mississippi’s small businesses looking to buy land, build a building, physically expand or buy new equipment often turn to the Small Business Administration’s 504 loans. The fixed-asset loans offer fixed rates of from 10 to 20 years in amounts up to $5.5 million. They are administered through a pair of subsidiaries of the state’s regional […] [...]

Community Bancshares still a top destination for borrowers seeking SBA loans

by Published: September 15,2014

Tags: banking and finance, Business, Mississippi

Brandon-based Community Bancshares continues to run far ahead of other Mississippi banks in the amount of money loaned to businesses through the Small Business Administration. Community Bancshares, the $2.5 billion parent of four separately chartered Community Bank companies based in Biloxi, Ellisville, Brandon and Amory, made slightly more than $47 million in SBA loans from […] [...]

Phillip Sykes joins Butler Snow in Jackson

by Published: September 11,2014

Tags: accounting, Business, law, Mississippi, NEWS, Newsmakers

Butler Snow is pleased to announce that Phillip S. Sykes has joined the firm’s Ridgeland office. Sykes is a member of the firm’s commercial litigation practice group and will focus his practice on appellate matters, commercial litigation, insurance, personal injury and product liability defense and toxic tort matters. “Phillip is a respected and experienced attorney, […] [...]

MBJ’s Business Marketplace set for Friday at Mississippi’s Trade Mart

by Published: September 9,2014

Tags: Business, EXPO, Mississippi, NEWS

THE STATE’S LARGEST BUSINESS-TO-BUSINESS NETWORKING EVENT will unveil a new name and a new format when it opens for its 31st year Friday at the Mississippi Trade Mart at the fairgrounds in Jackson. The MBJ Business Marketplace — formerly the Mississippi Business & Technology EXPO — will now allow vendors to sell their wares on the […] [...]

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