Archive for the ‘Banking & Finance’ Category
This is a specific focus of a weekly MBJ edition.
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 [...] [...]
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 [...] [...]
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 [...] [...]
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 [...] [...]
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 [...] [...]
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 [...] [...]
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. [...] [...]
Profits of Mississippi banks held more firmly at the outset of the nationwide banking crisis in December 2008, but today banks outside of Mississippi are out-performing those in the Magnolia State. The good news, according to banking consultant Brandon Roberts, is that earnings appear to have reached the bottom for the nation and Mississippi and [...] [...]
The City of Jackson can be thankful for Harlingen, Texas. Without Harlingen, the Mississippi capital would have the nation’s worst Experian credit score. The credit reporting bureau gives Harlingen a national low of 686 and Jackson a second place 701, based on the credit history of residents. Corpus Christi, Texas, is knocking at the door [...] [...]
With an accounting background and more than 30 years experience in banking, John Walton says he’s exactly where he wants to be as the new division president, Mississippi Gulf Coast, with BancorpSouth Bank. “I love what I do,” he said. “One of the great aspects of my job is getting to meet a lot of [...] [...]
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