Posts Tagged ‘banking and finance’

SBA loans available to victims of drought

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 […] [...]

Report: State’s foreclosure rate fell in 2011

ACROSS MISSISSIPPI — The pace of home foreclosures in Mississippi slowed substantially in 2011, following a national trend that may soon be reversed, a national foreclosure tracking firm said yesterday. Irvine, Calif.-based RealtyTrac said that in 2011, 3,172 homes in the state were hit by some sort of foreclosure action. Those range from an initial […] [...]

Regions selling Morgan Keegan to Raymond James for $930M

BIRMINGHAM, Ala. — Regions Financial Corp. has entered into a stock purchase agreement to sell Morgan Keegan & Company Inc. and related affiliates to Raymond James Financial Inc., for $930 million. As part of the transaction, Morgan Keegan will also pay Regions a dividend of $250 million before closing, pending regulatory approval, resulting in total […] [...]

Ross King Walker now Hancock Insurance

HATTIESBURG — Hancock Bank has renamed Hattiesburg-based Ross King Walker as Hancock Insurance Agency. Hancock Bank acquired 103-year-old Ross King Walker (RKW) in 2004, and RKW retained its name as a division of Hancock Insurance Agency, a wholly owned subsidiary of Hancock Bank founded in 1902. RKW executives said the decision to rename RKW as […] [...]

Keenum sentenced to 22 months for bank fraud

BOONEVILLE — Once prominent attorney Thomas D. Keenum Sr. of Booneville has been sentenced to 22 months for federal bank fraud. The 73-year-old Keenum pleaded guilty in August 2010 to a scheme to defraud BancorpSouth of Booneville through a $135,447 loan. He faced up to 30 years in prison and $1 million in fines. The […] [...]

Two counties declared disaster areas by SBA

ITAWAMBA COUNTY and MONROE COUNTY — The U.S. Small Business Administration announces today that 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 Itawamba and Monroe counties in Mississippi as a result of the excessive rain, […] [...]

Resort officials say security breach reports inaccurate

PHILADELPHIA — Officials with Pearl River Resort has issued a statement on reports regarding a potential breach in security of the processing system for credit and debit cards at the Pearl River Resort. Officials say reports have not been wholly accurate. Guests’ personal financial information is secure and protected, and no ATMs were affected during […] [...]

Ex-Hancock auditor to be sentenced for fraud

GULFPORT — A former Hancock Bank auditor is scheduled for sentencing in January for defrauding the bank of $143,000 over a two-year period by converting portions of collections into money orders. Lisa Brooks sentencing hearing is scheduled for Jan. 10 in U.S. District Court in Gulfport. Authorities say the Gulfport woman faces a maximum penalty […] [...]

Barbour budget proposes education consolidation

Republican Gov. Haley Barbour calls for reducing the number of school districts and merging some universities, reviving many of his past recommendations in his final Mississippi budget proposal. He also suggests spending the $97.4 million remaining in a health care trust fund that was created before he took office. Barbour released his nearly $5.5 billion […] [...]

MBJ EDITORIAL: Big questions for Kemper County coal plant come down to who knew what and when

by Published: December 15,2011

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In May of 2010 we wrote, “For better or worse, the economic future for the next 40 years in southeastern Mississippi will be greatly impacted by the decision of Public Service Commissioner Leonard Bentz. “ Justices with the Mississippi Supreme Court may be asking now how he came to his decision when he changed his […] [...]

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