Mississippi Business Journal » Banking & Finance

How to benefit from modest estate planning

Becky Gillette — Fri, 17 May 2013 21:34:37 +0000

While only the wealthiest individuals need to invest in “Cadillac” estate planning for the purpose of minimizing estate taxes, many others can benefit from estate planning more on an economy car level. People who need estate planning that might include complicated trusts are those with assets in excess of $5.25 million for an individual or [...]

The post How to benefit from modest estate planning appeared first on Mississippi Business Journal.

Bank vaults have changed with the times but are still tough

Lisa Monti — Fri, 17 May 2013 21:29:27 +0000

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 [...]

The post Bank vaults have changed with the times but are still tough appeared first on Mississippi Business Journal.

Small banks in Mississippi — An endangered necessity

Becky Gillette — Fri, 29 Mar 2013 23:49:30 +0000

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 [...]

The post Small banks in Mississippi — An endangered necessity appeared first on Mississippi Business Journal.

TROTTER: Dealing with the issues of debt

Ike Trotter — Fri, 29 Mar 2013 14:53:09 +0000

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 [...]

The post TROTTER: Dealing with the issues of debt appeared first on Mississippi Business Journal.

Banking leader has youth, experience

Lynn Lofton — Fri, 29 Mar 2013 14:50:16 +0000

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 [...]

The post Banking leader has youth, experience appeared first on Mississippi Business Journal.

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

Lynn Lofton — Fri, 18 Jan 2013 23:17:48 +0000

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 [...]

The post Banks can assist small businesses with a variety of services, programs appeared first on Mississippi Business Journal.

Serving the state’s quiet wealth

Becky Gillette — Fri, 18 Jan 2013 23:11:49 +0000

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 post Serving the state’s quiet wealth appeared first on Mississippi Business Journal.

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

Lisa Monti — Fri, 18 Jan 2013 23:09:03 +0000

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 [...]

The post The money’s there, but small businesses put borrowing aside appeared first on Mississippi Business Journal.

Strong reaction from community banks cited for Basel III delay

Ted Carter — Fri, 16 Nov 2012 16:14:19 +0000

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 [...]

The post Strong reaction from community banks cited for Basel III delay appeared first on Mississippi Business Journal.

Mississippi bankers brace for change with Basel III

Ted Carter — Sun, 16 Sep 2012 06:01:36 +0000

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 [...]

The post Mississippi bankers brace for change with Basel III appeared first on Mississippi Business Journal.