by Associated Press Published: December 9,2011
Tags: banking and finance, federal government, financial institutions, home improvements, home ownership, homeowners, homes, houses, loans, real estate, refinancing, residences, residential real estate
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 [...] [...]
by MBJ Staff Published: December 8,2011
Tags: banking and finance, Banks, community development, credit unions, economic development, federal government, financial institutions, jobs, lending, loans, small businesses
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 [...] [...]
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 [...] [...]
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 [...] [...]
by Amy McCullough Published: November 30,2011
Tags: agriculture, banking and finance, construction, disaster, disaster recovery, education, energy, environment, federal government, Gov. Biller Waller, Gov. Haley Barbour, Gov. William Winter, healthcare, higher education, manufacturing, Medgar Evars, Mississippi State Sovereignty Commission, oil and gas, real estate, recession, Rickey Cole, state government
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 [...] [...]
PASCAGOULA — The Federal Deposit Insurance Corp. has approved a Southeast Mississippi bank’s move into Alabama. Merchants & Marine Bank of Pascagoula has bought Heritage First Bank branches in Gulf Shores and Crossville from Heritage First Bancshares Inc. of Rome, Ga. Royce Cumbest, M&M’s chairman, president and CEO, says the acquisitions add assets of about [...] [...]
by MBJ Staff Published: November 17,2011
Tags: Amazon, amazon.com, american idol, Anthony Topazi, aol, aol mail, aol.com, aquarius, Associated Press, auto trader, banking and finance, Ben Stone, Best Buy, bikini, bing, Bloomberg, Boyce Adams, Brandon Presley, break ground, Brent Bailey, Businessweek, Cars, charlie sheen, Clarion Ledger, CNN, comcast.net, construction, Costco, courts, craigs list, craigslist, dailymotion, dictionary, diet, disaster, disaster recovery, dogpile, drudge report, EBay, ebay motors, ebay.com, economic development, economy, Ed Day, egotistic, employment, energy, environment, espn, expedia, Facebook, facebook login, facebook.com, federal agency, federal government, firefox, fox news, gaming, gmail, gmail.com, Google, Google Earth, google maps, google search, google.com, higher education, home depot, hospitality, hot, hotels, hotmail, hotmail sign in, hotmail.com, hulu, imdb, infospacegames.com, investing, jobs, justin bieber, Kemper County Coal plant, Kemper County IGCC Project, Keywords, kohl’s, Lady Gaga, lawsuit, Leonard Bentz, lowes, Lynn Posey, manufacturing, map quest, mapquest, maps, medication, mergers and acquisitions, Mississippi, Mississippi Business Journal, Mississippi Power Company, Mississippi Supreme Court, msn, msnbc, municipal government, netflix, NEWS, offshore drilling, oil spill, Olympic, paypal, PSC, Public Service Commission, RAND, real estate, recession, Reuters, search engines, sears, Sondra McLemore, Southwest Airlines, square feet, state agency, state government, target, tourism, transportation, U.S. Supreme Court, unemployment, USPS, utilities, Verizon Wireless, Walmart, Weather, weather channel, weather.com, weight loss, white pages, Wikipedia, www.facebook.com, www.google.com, www.yahoo.com, yahoo, yahoo mail, yahoo.com, you tube, YouTube, youtube videos, youtube.com
It was only a matter of time before Mississippi Power Company started raising the rates on its customers to pay for the $2.88 billion Kemper County coal plant. So, last week MPC filed documents with state regulators — the Public Service Commission — for a requested rate increase of 11.35 percent. The Commission has the [...] [...]
by Associated Press Published: November 10,2011
Tags: banking and finance, Banks, brokers, courts, financial institutions, home loans, homes, houses, loans, mortgage fraud, mortgages, real erstate, residences, sentencing, trial
JACKSON — Former mortgage brokers Jason Ellis and Michael Persac will forfeit more than $3 million and pay more than $781,000 in restitution for their part in a mortgage fraud scheme. Ellis and Persac, out on bond since they were charged in 2005 in a mortgage fraud case, also are going to prison after their [...] [...]
by Associated Press Published: November 10,2011
Tags: appeal, auctioneers, auctioning, auctions, bad checks, banking and finance, Banks, checks, courts, financial institutions, trial
JACKSON — The state Court of Appeals has ordered a new trial for former auctioneer Jim Durham. Durham had been sentenced to nine years on four felony counts of writing bad checks. Durham was convicted in Forrest County in 2010. Prosecutors say Durham, former vice president of Durham Auctions, passed bad checks of more than [...] [...]
by MBJ Staff Published: November 4,2011
Tags: Anthony Topazi, Associated Press, banking and finance, Ben Stone, Bloomberg, Brandon Presley, Brent Bailey, Businessweek, Clarion Ledger, construction, courts, disaster, disaster recovery, economic development, economy, Ed Day, employment, energy, environment, federal agency, federal government, gaming, higher education, hospitality, investing, jobs, Kemper County Coal plant, Kemper County IGCC Project, Lady Gaga, lawsuit, Leonard Bentz, Lynn Posey, manufacturing, mergers and acquisitions, Mississippi, Mississippi Business Journal, Mississippi Power Company, Mississippi Supreme Court, municipal government, offshore drilling, oil spill, PSC, Public Service Commission, real estate, recession, Reuters, Sondra McLemore, state agency, state government, tourism, transportation, U.S. Supreme Court, unemployment, utilities
The Mississippi Supreme Court will hear arguments from the Sierra Club challenging the state Public Service Commission’s approval of the project in Kemper County by Mississippi Power Co. Mississippi Power has started construction of the $2.4 billion coal plant. Oral arguments are scheduled for Dec. 14. The suit was filed and heard in Harrison County [...] [...]
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