Posts Tagged ‘Banking & Finance’

MBJ April 4th Digital Edition

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Mississippi banks continue gains in operating income

by Ted Carter Published: March 28,2014

Tags: banking, Banking & Finance, Business, consumers, finance, Mississippi

Mississippi’s 86 FDIC-insured financial institutions ended the final quarter of 2013 with a year-over-year quarterly gain in operating income of $16 million, joining their counterparts nationally in making gains the FDIC attributed to lower expenses for loan-loss provisions and money put aside for litigation. While the $16 million may seem insubstantial, the $538 million total […] [...]

MEC disputes DOR’s costs estimate on business tax bills

by Ted Carter Published: February 21,2014

Tags: Banking & Finance, economic development, Legal Affairs, Mississippi Economic Council, Politics

A price tag of $7.5 million this year and $25 million next year accompany a pair of pro-business tax apportionment bills that have cleared Mississippi’s House and Senate with overwhelming support. The Republican-sponsored measures, HB 799 and SB 2487, force the Department of Revenue’s to justify basing a multistate company’s taxes on revenue generated in […] [...]

MBJ January 17th Digital Edition

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Expert on airlines predicts Jackson-Evers will keep remaining carriers

by Ross Reily Published: December 5,2013

Tags: Banking & Finance, Business, economic development, education

The bad news for Central Mississippi air travelers is that Jackson-Medgar Evers International is very unlikely to get a low-cost carrier to fill the void that will be left by Southwest Airline’s June 7 departure. The good news, however, is that the regional airport will keep its remaining carriers – American Airlines (set to merge […] [...]

MBJ November 15th Digital Edition

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BNA Bank hires Colt Doom and Dona Weeden

by Ross Reily Published: October 4,2013

Tags: Banking & Finance, Business, Mississippi

Colt Doom and Donna Weeden have joined BNA Bank as senior vice president and vice president, loans, respectively. Doom is also a magna cum laude graduate of the Mid South School of Banking in Memphis, and has 24 years of banking experience. He attended Northeast Mississippi Community College, and is a graduate of the University […] [...]

MBJ October 4th Digital Edition

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Campbell Helveston is Trustmark’s new Meridian community president

by Lynn Lofton Published: August 9,2013

Tags: Banking & Finance, Campbell Helveston, Trustmark Bank

Campbell Helveston knew his first job out of college — selling copiers door to door in Meridian — would not be a long-term career. However, he persevered and being a conscientious young man was recruited at age 24 to go into lending for a Meridian bank. “I’ve always tried to be active in the community […] [...]

TROTTER: What lessons can be learned from Detroit?

by Ike Trotter Published: August 9,2013

Tags: Banking & Finance, Chapter 9 bankruptcy, Detroit, Ike Trotter, personal finance

On July 18, Detroit became the largest American city to file for Chapter 9 bankruptcy. A city once having a population of some 1.8 million has whittled down to less than 700,000. What will happen to the pensions of its 20,000-plus retired public employees? There is for sure the distinct possibility they could be reduced […] [...]

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