Posts Tagged ‘banking and finance’

Supreme court will hear Kemper Coal Plant arguments

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 […] [...]

MBJ Editorial: Gov. Barbour shows thoughtful leadership on Initiative 26

Gov. Haley Barbour’s comments last week that he has concerns over ballot Initiative 26 that seeks to define a “person” in state law should be all we need to hear as we go to the polls this week. There is no question where Barbour stands on abortion as a conservative Republican who was on the […] [...]

First M&F to close five branches, four in Mississippi

by Associated Press Published: November 3,2011

Tags: banking and finance, Banks, branches, Closing, financial institutions, layoffs, staff reductions

KOSCIUSCKO — First M&F Corp., the parent of Kosciusko-based M&F Bank, will close five branches and reduce staff. Chairman/CEO Hugh Potts Jr. tells The Clarion-Ledger that the bank’s intent is to now focus on a few locations to achieve higher levels of performance and efficiency. M&F Bank will close a branch in in Ridgeland and […] [...]

Merger with Community Bancorp creates ‘new’ Cadence

by MBJ Staff Published: November 3,2011

Tags: banking and finance, Banks, financial institutions, mergers and acquisitions

STARKVILLE — Community Bancorp will merge its banking subsidiaries, Superior Bank, N.A. and Cadence Bank, N.A., into one strong regional bank on Nov. 11 to form the new Cadence Bank, N.A. At the same time, Community Bancorp, LLC, will now be known as Cadence Bancorp, LLC. With nearly $4.1 billion in assets, the new bank […] [...]

Ex-judge to be sentenced for mortgage scam

GREENWOOD — Former Greenwood attorney and judge Bobby Fisher will be sentenced tomorrow for his role in a mortgage scam. The Greenwood Commonwealth reports Fisher is to appear before U.S. District Judge Henry T. Wingate in Jackson. In January 2006, Fisher and former real estate agent Jim Pruett pleaded guilty to a scheme of falsifying […] [...]

City closes checking accounts, finds $300K

by Associated Press Published: October 26,2011

Tags: banking and finance, Banks, budget, checking accounts, financial institutions, municipal government

WAVELAND — The City of Waveland has closed 23 dormant checking accounts, two of which contained $300,000 donated to the city after Hurricane Katrina. City comptroller Janey Dudding tells the Sea Coast Echo the accounts were uncovered during a recent internal audit. Mayor David Garcia says one of the accounts was set up for donated […] [...]

SBA offering loans to drought-impacted businesses

ACROSS MISSISSIPPI — 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 Mississippi as a result of drought and excessive heat that occurred from Jan. 1 – Aug. 30, 2011. “When the […] [...]

Trustmark opens loan office in Birmingham

by MBJ Staff Published: October 25,2011

Tags: banking and finance, Banks, financial institutions, homeowners, homes, houses, loans, mortgage, real estate

JACKSON — Trustmark National Bank recently expanded its mortgage division by opening a loan production office in Hoover’s Chase Corporate Center in Birmingham, Ala. “Alabama fits perfectly into our plans to extend Trustmark’s mortgage footprint from the solid customer base we have established during the last 20 years,” said Breck Tyler, Trustmark’s executive vice president […] [...]

Louisiana firm opens new office in Capital City

by MBJ Staff Published: October 23,2011

Tags: advisor, banking and finance, Banks, consultant, expansion, financial institutions, investment banking

JACKSON — Chaffe & Associates Inc. of New Orleans has opened a full-service office in Jackson. Through this office, Chaffe will provide investment banking and advisory services to public and private businesses and community banks in Mississippi, including business valuation services for purposes such as estate planning, ESOPs and fair value accounting. John P. Hammond, […] [...]

SBA proposes change in definition of small business

WASHINGTON — Proposed rules published for comment in The Federal Register by the U.S. Small Business Administration would adjust the size definition of small businesses in 52 industries in two broad categories of businesses, ranging from travel agencies and movie production to waste management. The proposed adjustments to size standards in 15 industries in Sector 51 […] [...]

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