Archive for the ‘Banking & Finance’ Category

This is a specific focus of a weekly MBJ edition.

Bank vaults have changed with the times but are still tough

by Published: May 17,2013

Tags: bank security, bank vaults, Hancock Bank, virtual vaults

The old Hollywood stereotype of a bank vault filled with stacks of cash protected behind a massive door is mostly going by the wayside. Instead of keeping large cash inventories in one place, banks spread the money around to branches or wherever else customers need it. That reduces risk and the cost of maintaining a […] [...]

Small banks in Mississippi — An endangered necessity

Mississippi has 19 small banks as defined as banks with less than $100 million in assets. And while most of these small banks that serve as the economic lifeblood of many rural areas of the state didn’t participate in the risky mortgage lending practices blamed for the Great Recession, they may now be endangered by […] [...]

TROTTER: Dealing with the issues of debt

by Published: March 29,2013

Tags: bankruptcy, Business Week, debt, Ike Trotter

A couple of years back, an article in Business Week caught my attention by stating that older Americans -those identified as 55 and over, are filing for bankruptcy at a faster rate than the general population today. Even more surprising in this category would be the inclusion of those raised during the Depression and World […] [...]

Banking leader has youth, experience

Of course the president of the Young Bankers section of the Mississippi Bankers Association is a young banker, but the organization’s new president, Matt McCraw, 36, already has quite a bit of banking experience, too. That’s because he began his banking career while he was a student at the University of Mississippi. That banking start […] [...]

Banks can assist small businesses with a variety of services, programs

by Published: January 18,2013

Tags: BancorpSouth, Banks, lending, small businesses, Trustmark

Banks can be small business owners’ best friends, providing a range of services, advice and a shoulder to lean on. The definition of a small business can vary, depending on how much activity a business runs through a bank, according to Art Stevens, president of retail banking for Trustmark National Bank. “Accounts can trigger based […] [...]

Serving the state’s quiet wealth

by Published: January 18,2013

Tags: Chaffe & Associates, investment banking, New Orleans

The expansion of investment banking firm Chaffe & Associates from its base in New Orleans into Jackson in 2011 was a natural extension of its business that provides services in three main areas — valuations, merger and acquisitions and financial institutions. “The New Orleans and Jackson markets are similar in that they are populated with […] [...]

The money’s there, but small businesses put borrowing aside

Bankers say they have the money to lend small businesses but they see owners staying on the sidelines rather than borrowing. Chevis Swetman, chairman of the board and chief executive officer of The Peoples Bank in Biloxi, neatly sums up small business owners’ hesitancy: “Three little words: Fear, uncertainty and doubt.” The Peoples Bank has […] [...]

Strong reaction from community banks cited for Basel III delay

In a move that takes immediate pressure off of community banks in Mississippi and elsewhere in the nation, federal bank regulators say they do not expect to enact new capital requirements on Jan. 1 based on the Basel III International Accords. The Office of the Comptroller of the Currency said in a Nov. 9 statement […] [...]

Mississippi bankers brace for change with Basel III

Europe’s financial crisis has given U.S. bankers non-stop jitters for more than a year now. Now, a new export from Europe — the Basel III Accords — is keeping bank executives awake at night, especially the heads of America’s community banks. As now framed, Basel III starting in January gradually forces banks of all sizes […] [...]

New MBA chairman says banking healthy in Mississippi

by Published: August 12,2012

Tags: banking, Mississippi Bankers Association, Peoples Bank

Admittedly an optimistic person, Greg Taylor would have positive feelings about banking in Mississippi regardless. As the new chairman of the Mississippi Bankers Association, he will lead and represent the organization for the next year. He’s chairman, president and CEO of Merchants and Farmers Bancorp, Inc. of Holly Springs and has previously served the MBA […] [...]

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