Archive for the ‘Banking & Finance’ Category

This is a specific focus of a weekly MBJ edition.

IKE TROTTER — The importance to budgeting

by Ike Trotter Published: October 4,2013

Tags: banking, finance, Greenville, Ike Trotter, Mississippi

What do most think of when establishing a budget? For most of us, it’s the “oftentimes” painful process of trying to live within one’s income — which is never an easy process. And while a case could be made that this financial process is more effective when introduced at the early part of the year, […] [...]

FINGERTIP BANKING — Trend is moving toward more smartphone access

by Lisa Monti Published: October 4,2013

Tags: bankins, Business, finance, Mississippi

By Lisa Monti There are two kinds of smartphone owners: Those who use their phone for mobile banking, and those who don’t but plan to in the future. That’s the bottom line of the Federal Reserve’s 2012 online survey looking at consumer use of mobile technology to access financial services and also to make financial […] [...]

Campbell Helveston is Trustmark’s new Meridian community president

by Lynn Lofton Published: August 9,2013

Tags: Banking & Finance, Campbell Helveston, Trustmark Bank

Campbell Helveston knew his first job out of college — selling copiers door to door in Meridian — would not be a long-term career. However, he persevered and being a conscientious young man was recruited at age 24 to go into lending for a Meridian bank. “I’ve always tried to be active in the community […] [...]

Regions putting brokerage emphasis on branch-based investment services

by Ted Carter Published: August 9,2013

Tags: banking, finance, morgan keegan, mortgage broker, Regions Bank

In slightly more than six months, Regions Bank has hired over 100 financial advisors in a strategy the Birmingham bank company and Mississippi market leader says will personalize investment brokerage services at its 1,200 branches branches throughout its 16-state market. The goal is to have 125 financial advisors on board by year’s end and strengthen […] [...]

Swipe-fee ruling means merchants could pay less for debit card transactions

by Ted Carter Published: August 9,2013

Tags: banking, credit, credit cards, Federal Reserve, finance, personal finance

The Federal Reserve’s Board of Governors erred in letting swipe fees that banks charge retailers for each debit card transaction go as high as 21 cents a transaction, a federal court recently ruled. The ruling by the U.S. District Court in Washington drew the predicable applause from groups such as the National Retail Federation and […] [...]

Know the differences between banks and credit unions before moving your money

Credit unions and banks are, of course, two different types of financial institutions but they do offer some similar services such as deposits, checking accounts and loans. It’s become a common practice for customers to take their money out of one place and move it to another, usually looking for a better deal or better […] [...]

How to benefit from modest estate planning

by Becky Gillette Published: May 17,2013

Tags: Banking & Finance, estate planning, Morton Law Firm, retirement planning

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 […] [...]

Bank vaults have changed with the times but are still tough

by Lisa Monti 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

by Becky Gillette Published: March 29,2013

Tags: banking, Jerry Wilson, Mississippi Banking Commission, PriorityBank One, recession, regulations

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 Ike Trotter 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 […] [...]

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