Posts Tagged ‘bank’

Delta alderman arrested for forging check

BELZONI — According to State Auditor Stacey Pickering, special agents from the Auditor’s Office have arrested Belzoni Alderman Charles Thurman. Thurman has been indicted on one count of uttering forgery by a Humphreys County Grand Jury. Thurman is accused of hiring an unlicensed contractor, George Schroeder, to perform work at City Hall. Following completion of […] [...]

The First reports increase in net income

HATTIESBURG — The First Bancshares Inc. (NASDAQ: FBMS), holding company for The First, A National Banking Association, has released its earnings report for the fourth quarter and fiscal year ended Dec. 31, 2013. Net income available to common stockholders for the three months amounted to $1,392,000, or $0.27 per diluted share, compared to $1,062,000, or […] [...]

Ex-contractor’s bank fraud sentencing rescheduled for March

SOUTHAVEN — The sentencing hearing for former Southaven contractor James M. Harris Jr. has been reset for March 25 in Aberdeen. The 53-year-old Harris pleaded guilty in federal court last year to one count of loan and credit application fraud. Harris admitted that he made false statements to Citizens National Bank in Olive Branch so […] [...]

Trustmark Corp. sees gain in quarterly profit

JACKSON — Regional bank Trustmark Corp. says profit in 2013′s fourth quarter rose 1 percent from the same three months of 2012, as the company worked to increase efficiency after its takeover of the former BancTrust Financial Group. Trustmark posted quarterly profit yesterday of $28 million, or 42 cents per share. That compares to $27.7 […] [...]

Citizens reports increase in net profit for quarter, year

PHILADELPHIA — Citizens Holding Company (NASDAQ: CIZN) has released its results of operations for the three and 12 months ended Dec. 31, 2013. Net income for the three months was $2.122 million, or $0.44 per share-basic and diluted, up from $1.740 million, or $0.34 per share-basic and $0.33 per share-diluted for the same quarter in […] [...]

Peoples records loss for quarter, full year

BILOXI — Peoples Financial Corporation (NASDAQ Capital Market: PFBX), parent of The Peoples Bank, reported a loss of $883,000 for the quarter and $538,000 for the full year ended Dec. 31, 2013, due primarily to actions on certain non-performing assets, announced Chevis C. Swetman, chairman and CEO of the holding company and the bank. Loss […] [...]

BancorpSouth buying Texas bank in stock/cash deal

TUPELO — BancorpSouth will acquire Central Community Corp., the parent of Austin-based First State Bank Central Texas, pushing the bank much deeper into the competitive Texas banking market. BancorpSouth said yesterday that it is offering Central Community stockholders shares of its own stock worth $182.3 million, plus $28.5 million in cash. If Central Community shareholders […] [...]

Renasant sees rise in post-M&F merger profits

TUPELO — Renasant Corp. says profit in 2013′s fourth quarter rose 55 percent in the first reporting period following its takeover of First M&F Corp. Yesterday, Renasant posted quarterly profit of $11.3 million, or 36 cents per share. That’s up from $7.3 million, or 29 cents per share, in 2012′s fourth quarter. Because the period […] [...]

SBA disaster loans available due to 2013 drought

ACROSS MISSISSIPPI — The U.S. Small Business Administration’s federal economic injury disaster loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes located in Mississippi as a result of drought between Aug. 27 and Oct. 21, 2013. The disaster declaration includes Attala, Bolivar, […] [...]

Ex-contractor to be sentenced for bank fraud this month

SOUTHAVEN — Sentencing for James M. Harris, a former contractor with the city of Southaven who pleaded guilty last year to a federal bank fraud charge, is scheduled for Jan. 29 in Aberdeen. The Commercial Appeal reports the 54-year-old Harris pleaded guilty on Sept. 12 to one count of loan and credit application fraud in […] [...]

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