Mississippi Business Journal » banking and finance

Former contractor’s federal bank fraud trial rescheduled

Associated Press — Wed, 27 Feb 2013 13:13:28 +0000

SOUTHAVEN — Former Southaven city contractor James Malcolm Harris Jr., who has business ties to Mayor Greg Davis and was recently indicted on bank fraud charges, has had his federal trial reset for Sept. 9. Harris’ attorney, David Hill, asked the court to delay a March 4 trial, saying they needed more time to prepare [...]

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Trustmark completes purchase of Alabama-based bank

MBJ Staff — Mon, 18 Feb 2013 15:58:16 +0000

JACKSON — Trustmark Corporation has completed its merger with Mobile, Ala.-based BancTrust Financial Group Inc., as well as the merger of BankTrust with and into Trustmark National Bank. Gerard R. Host, President and CEO of Trustmark, stated, “We are delighted to expand the Trustmark franchise across Alabama, including the attractive Mobile, Montgomery and Selma markets, [...]

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Three more drought-ridden counties eligible for assistance

MBJ Staff — Tue, 18 Sep 2012 17:05:07 +0000

NORTH MISSISSIPPI — The U.S. Small Business Administration reports 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 Alcorn, Benton and Tippah counties as a result of the drought and excessive heat. Under this declaration, the [...]

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Southern Bancorp branch earns LEED certification

MBJ Staff — Tue, 18 Sep 2012 17:02:52 +0000

HERNANDO — Shortly after the opening of the Southern Bancorp Hernando Branch in summer 2011, Southern applied for LEED (Leadership in Energy and Environmental Design) certification. The United States Green Building Council (USGBC) has now awarded the Hernando Branch its LEED Certification – the first LEED Certified bank building in the State of Mississippi, according [...]

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Economic crisis gave Metropolitan Bank the opportunities it needed

Ted Carter — Mon, 12 Mar 2012 17:25:25 +0000

>> Gabardi’s idea was to cultivate a niche space in which Metropolitan’s bankers would compete against other bankers — not other banks As the sky seemed to be falling on the nation’s banking sector in 2008, veteran banker Curt Gabardi and his “Band of Bankers” executive corps decided there may never be a better time [...]

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Renasant sees better quarter, but yearly earnings down

MBJ Staff — Wed, 18 Jan 2012 17:50:03 +0000

TUPELO — Renasant Corporation, for the fourth quarter of 2011, saw net income of $5.79 million, compared to $4.721 million for the fourth quarter of 2010. Basic and diluted earnings per share (EPS) were $0.23 for the fourth quarter of 2011 as compared to basic and diluted EPS of $0.19 for the fourth quarter of [...]

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BancorpSouth commences $100M public offering

MBJ Staff — Wed, 18 Jan 2012 14:18:15 +0000

TUPELO — BancorpSouth Inc. has commenced an underwritten public offering of $100 million of its common stock. The company said it intends to grant the underwriters a 30-day option to purchase up to an additional 15 percent of common shares sold pursuant to this transaction. All of the shares are being offered by the Tupelo-based [...]

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Fed’s Bullard discusses new research paper

MBJ Staff — Tue, 17 Jan 2012 18:04:45 +0000

NORTH MISSISSIPPI — Federal Reserve Bank of St. Louis president James Bullard recently discussed his new research paper, titled “Death of a Theory,” with members of various financial institutions and local business leaders at the Edward Jones Annual Meeting. Bullard discussed business cycle stabilization using fiscal rather than monetary policy. The former attempts to react [...]

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Report: Mississippi has lowest average home loan

MBJ Staff — Fri, 13 Jan 2012 14:07:52 +0000

ACROSS MISSISSIPPI — LendingTree.com has released data highlighting the average loan amount on residential real estate purchases for all 50 states and Washington D.C. for the year. Hawaii, by far, leads the nation with an average home loan amount of $677,299, followed by Washington, D.C., at $393,453, New Jersey at $344,240 and New York at [...]

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SBA loans available to victims of drought

MBJ Staff — Thu, 12 Jan 2012 18:25:02 +0000

BENTON COUNTY and MARSHALL COUNTY — The U.S. Small Business Administration’s 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 Benton and Marshall counties in Mississippi as a result of drought and excessive heat that occurred from [...]

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