Archive for the ‘Banking & Finance’ Category

This is a specific focus of a weekly MBJ edition.

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 […] [...]

AN MBJ BANKING ANALYSIS: Weighing “Too big to fail”

by Published: August 12,2012

Tags: Citigroup, Glass-Steagall Act, Sandy Weill, too big to fail

It’s as if Johnny Appleseed suddenly developed a disdain for apples, says a banking and investment industry stunned by former Wall Street kingpin Sandy Weill’s condemnation of the marriage of depositor institutions and investment banking. After all, having the two tie the knot was Weill’s idea, they say, pointing to the former Citigroup chairman’s successful […] [...]

All-American continues to grow with philosophy of relationship building

Since its doors opened in Canton in 1999, All-American Check Cashing has been on the move — literally and figuratively. With the recent acquisition of Check Exchange — the second acquisition this year — All American now has 38 retail stores from one end of the state to the other. “We are excited with this […] [...]

The importance of having good credit

by Published: May 20,2012

Tags: banking, credit score, finance, Ike Trotter

One of the financial necessities required in today’s world is good credit. It can make a huge difference when you’re trying to pass muster with a landlord, a lender or even a potential employer. On a numeric grading system, it helps to have a credit score of 740 or better. And while the medium credit […] [...]

Jackson foreclosures down in October, but up statewide

by Published: January 15,2012

Tags: CoreLogic, foreclosures, JACKSON

Foreclosure rates in Jackson decreased in October from the same period last year, according to new data from CoreLogic. Statewide, however, foreclosures rates rose from 2.38 percent in October 2010 to 2.57 percent in October last year, California real estate research firm CoreLogic reported. CoreLogic said the rate of Jackson area foreclosures among outstanding mortgage […] [...]

Most loan categories show drop in tardiness

Consumer delinquencies fell in seven of 11 loan categories in the third quarter of 2011, with two categories – bank cards and home equity lines of credit — holding virtually steady, the American Bankers Association reports. The composite ratio, which tracks delinquencies in eight closed-end installment loan categories, fell 29 basis points to 2.59 percent […] [...]

Booker says Mississippi banking tied to communities’ growth and prosperity

A long-held interest in finance and money and the influence of his mother led Michael D. Booker into a banking career which began in 1976 as a management trainee right out of college. He’s had some interesting stops along the way, and since 2004 has served as the Clinton Community Bank President with BancorpSouth Bank. […] [...]

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