Archive for the ‘Banking & Finance’ Category

This is a specific focus of a weekly MBJ edition.

Jackson foreclosures down in October, but up statewide

by Ted Carter 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

by Lynn Lofton Published: December 4,2011

Tags: BancorpSouth Bank, banking, Clinton Community Bank President, MBJ Profile, Michael Booker

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. […] [...]

Mississippi banks still confront headwinds others have left behind

by Ted Carter Published: October 23,2011

Tags: closings, mergers, Mississippi banks, return-on-assets

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 […] [...]

Experian gives Jackson nation’s 2nd lowest credit score

by Ted Carter Published: October 23,2011

Tags: credit score, Experian, Harlingen Texas, JACKSON

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 […] [...]

Walton brings a wealth of experience and community service to Coast banking position

by Lynn Lofton Published: October 23,2011

Tags: BancorpSouth, banking, John Walton, Mississippi Gulf Coast, profile

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 […] [...]

National survey shows Credit Card Act effective

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 […] [...]

Economic Ed. Council receives third-place ranking

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 […] [...]

HORNE bankers forum set for September

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. […] [...]

Davis gets the nod from Renasant as its Georgia chief

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 […] [...]

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