Posts Tagged ‘banking and finance’

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 […] [...]

State’s action against Morgan Keegan workers settled

JACKSON — An administrative action against Morgan Keegan & Company employees and Morgan Asset Management employees, Brian B. Sullivan, Gary Stringer, and Michele Wood has been resolved with the State of Mississippi, according to the Secretary of State’s Office. No Mississippi Morgan Keegan brokers were involved in this action. The order resolving the case is […] [...]

Homeowners eligible for FHA loan program

BILOXI — Biloxi residents learned this week about an FHA loan program that will let them borrow up to $271,050 to buy, refinance or improve their homes. The Sun Herald reports the Federal Housing Administration 203(k) loan program is designed to rehabilitate the nation’s older homes. Bo Smith, a mortgage financing expert from Jackson, says […] [...]

HOPE approved as first Community Advantage lender

JACKSON — The U.S. Small Business Administration (SBA) has approved Hope Enterprise Corporation (HOPE) as its first lender in the Community Advantage Loan program in Mississippi. HOPE CEO Bill Bynum said, “For small, rural and minority entrepreneurs, financing can be the most elusive resource. With the Community Advantage program, we can help even more companies […] [...]

Metropolitan Bank opens another Memphis office

RIDGELAND — The Metropolitan Bank has opened its second Memphis, Tenn., office, located at 5264 Poplar Avenue in East Memphis. The new office, for which Metropolitan announced plans in July, will serve as an anchor for its professional and medical banking team, led by Holly Bronson, and the bank’s commercial banking team, led by Scott […] [...]

Trustmark signs agreement to buy Florida bank

JACKSON — Trustmark Corporation has signed a definitive agreement to acquire Panama City, Fla.-based Bay Bank & Trust Co. Under terms of the definitive agreement, the transaction is valued at $22 million, with $10 million of the consideration to be paid in cash and $12 million to be paid in common stock of Trustmark. The […] [...]

Former Gov. Bill Waller dies

JACKSON — Former Mississippi Gov. William Waller Sr., 85, died Wednesday. On Tuesday Waller was admitted to St. Dominic Hospital in Jackson, his law office confirmed. Waller served as governor from 1972-76 — a time when Mississippi governors were limited to one term. He ran unsuccessfully for the state’s highest office in 1967, but went […] [...]

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