This is a specific focus of a weekly MBJ edition.
by MBJ Staff Published: August 21,2011
Tags:
Credit card holders are seeing stabilized interest rates, the elimination of over-limit penalty charges, a reduction in late fees charged by banks and minimal changes in annual fees since the Credit CARD Act of 2009 took effect, according to new research by the Pew Health Group’s Safe Credit Cards Project. Pew data show that the [...] [...]
by MBJ Staff Published: August 21,2011
Tags: Council on Economic Education, MCEE, Mississippi Council on Economic Education
A project to educate Mississippi students on economics, entrepreneurship and personal finance has earned national recognition for the first six months of the year. The Mississippi Council on Economic Education, or MCEE, received a third-place national ranking for 2011 from the Council on Economic Education. “This would not be possible without the high levels of [...] [...]
by MBJ Staff Published: August 21,2011
Tags: HORNE
The historic changes under way in the U.S. banking sector will be among the topics covered at this year’s HORNE Bankers Forum in Memphis and Biloxi in September. The Biloxi session is Sept. 21 at the Beau Rivage, 875 Beach Blvd.; the Memphis session is Sept. 28 at the Memphis Hilton, 939 Ridge Lake Blvd. [...] [...]
by MBJ Staff Published: August 21,2011
Tags: Ken Davis, Renasant Bank
Renasant Bank has named banking veteran Ken Davis Georgia Division president. Davis has more than 26 years in finance and banking. After graduating from college and serving six years in the U.S. Army, Davis returned to his home town of Atlanta to begin his banking career. Davis earned a bachelor of arts degree from Wake [...] [...]
by MBJ Staff Published: August 21,2011
Tags: BancorpSouth
Tupelo-based BancorpSouth is selling a pair of Texas bank branches, one of which was included among the 23 branches in six states to be closed this month. The $13.4 billion regional bank says it is selling its banking operations in Maud and Redwater to the First National Bank of Hughes Springs, Texas. The transaction will [...] [...]
by MBJ Staff Published: August 21,2011
Tags: Metropolitan Bank
Metropolitan Bank says it will open a new office at 5264 Poplar Ave. in East Memphis in the former headquarters for Loeb Properties. This will be Metropolitan’s second office in the Memphis market. Renovation will begin immediately with expected opening in November 2011. The new office will be an anchor for the bank’s commercial and [...] [...]
by Ted Carter Published: August 21,2011
Tags: Cross-selling, marketing products and services, Tommy Solomon, up-sell
An emphasis on marketing products and services to current customers has led bank managers to leave their offices and work the lobby much like a maître d in a dining room. With that visibility comes a new inquisitiveness about the financial services and products you may need. With loan demand stuck on stopped and deposits [...] [...]
by Tim Turner Published: August 21,2011
Tags: loan originators, mortgage fraud
As onerous as the new regulations in place may seem to loan originators, an alarming number seems to justify them. According to the Federal Bureau of Investigation’s Mortgage Fraud Report, of the Top 10 Prevalent Schemes per FBI cases opened for fiscal year 2010, an astounding 62 percent of them involved loan origination schemes. The [...] [...]
by Ted Carter Published: August 21,2011
Tags: 1031 Exchange, federal tax law
While the housing foreclosure crisis and widespread commercial vacancies give real estate a horror movie feel, federal tax law makes it hard to fall entirely out of love with real estate investing. At least it has for investors willing to think long-term, says Jackson commercial Realtor Walter Michel, principal of the J. Walter Michel Agency. [...] [...]
by MBJ Staff Published: August 21,2011
Tags:
The Federal Deposit Insurance Corporation (FDIC) closed out the first half of the year by shutting down another three banks, bringing its total number of closings for first six months of 2011 to 61. The shutdown pace is an improvement over last year, however, when the agency shuttered 157 banks. In 2009 it closed 140 [...] [...]
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