Posts Tagged ‘banking’

BancorpSouth expands Tennessee footprint with Chattanooga office

TUPELO — BancorpSouth Bank, subsidiary of BancorpSouth Inc., has opened a loan production office in Chattanooga, Tennessee, expanding the bank’s presence into Southeast Tennessee. BancorpSouth’s loan production office is located in downtown Chattanooga at 631 Broad Street and features a team of local lending and support professionals. The office is part of BancorpSouth’s Tennessee Metro […] [...]

Fitch Ratings gives Trustmark a ‘stable’ outlook

JACKSON — Fitch Ratings has affirmed Trustmark Corp.’s (TRMK) ratings at “BBB+”/”F2”. The rating outlook remains “stable”. Fitch wrote: “TRMK’s ‘BBB+’ ratings reflect its good asset quality and the leading market share in TRMK’s home state of Mississippi and growing market share in other parts of the southeastern U.S. Furthermore, Fitch positively views the company’s […] [...]

Moon issues statement on Congress’ Ex-Im Bank vote

JACKSON — Following House and Senate passage of a continuing resolution that temporarily reauthorizes the Export-Import (Ex-Im) Bank, Mississippi Manufacturers Association (MMA) President and CEO Jay C. Moon has issued a statement. “Mississippians, along with others across the nation, have brought to Congress’ attention the vitality of what the Export-Import Bank means to the United […] [...]

Multi-family, health care construction are backbone of mid-range lending

Ben Williams, real estate law specialist and Watkins & Eager managing member, has been hopping the past year helping Mississippi developers put together projects requiring mid-range loans of $5 million to $50 million. But next month? “I’m not prepared to tell you I’ll be busy,” said Williams, who is in his 28th year practicing real […] [...]

Fed’s Beige Book notes moderate economic growth in Mississippi’s 2 districts

by Published: September 15,2014

Tags: banking, Business, finance, Metropolitan Bank, Mississippi, Ridgeland

Federal Reserve banks in Atlanta and St. Louis, both of which have Mississippi jurisdictions, report modest gains in economic activity since mid July. Reporting in the Federal Reserve’s Sept. 4 Beige Book, the Atlanta Fed said business optimism for 2014 exceeds actual gains to this point. “Regardless of the outlook, most firms continue to be […] [...]

Bigger looks better for Mississippi’s banks

by Published: September 15,2014

Tags: banking, Business, finance, Mississippi

Mississippi’s banks netted profits of $369 million in the second quarter, but the state’s small banks with less than $100 in assets continued a two-year decline in profits, the Federal Deposit Insurance Corp. reports. While banks above $100 million in assets earned nearly $100 million more over the same quarter last year, going from $266 […] [...]

A Q&A with the SBA

by Published: September 15,2014

Tags: banking, Business, Mississippi, Q&A, SBA

(Q) Media reports and some surveys in the last six months say it seems business lending is resurgent in most parts of the country.  Would you say that is true for Mississippi small business lending? (A) Yes, there has been a resurgence for small business lending as a whole. Lending in Mississippi thus far this […] [...]

For SBA fixed-asset lending, think 504

by Published: September 15,2014

Tags: banking, Business, Mississippi, SBA

Mississippi’s small businesses looking to buy land, build a building, physically expand or buy new equipment often turn to the Small Business Administration’s 504 loans. The fixed-asset loans offer fixed rates of from 10 to 20 years in amounts up to $5.5 million. They are administered through a pair of subsidiaries of the state’s regional […] [...]

BLACKWELL: Passing on financial wisdom to your children

by Published: September 4,2014

Tags: banking, Business, finance, Mississippi, Regions Bank

The time of year when children head back to school provides an excellent opportunity to evaluate what they are learning — and what we are teaching them. As parents and grandparents, we teach them to read and write, to wash the car and mow the lawn, to bait a hook and build a fire. We […] [...]

BancorpSouth opens another office in Texas

TUPELO — BancorpSouth Bank, subsidiary of BancorpSouth Inc., has opened a loan production office in Sugar Land, Texas. BancorpSouth’s new office is located at 8410 Highway 90A, Suite 100 in Sugar Land. BancorpSouth Bank currently operates 19 full-service banking locations in East Texas with almost $1 billion in net loans and more than $800 million […] [...]

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