Posts Tagged ‘banking’

Matt Allen promoted by Community Bancshares Inc.

by Ross Reily Published: March 31,2014

Tags: banking, Business, finance, Mississippi

Matt Allen has been promoted to SBA loan officer for Community Bancshares Inc., the parent company of Community Bank, in the SBA Department. Allen joined Community Bank in 2010 as a loan processor in the Central Documents Preparation Department. In 2012, he moved to the SBA Department to assist in loans. Active in the community, […] [...]

The Citizens Bank hires Sharon Pollina

by MBJ Staff Published: March 28,2014

Tags: banking, Business, finance, Mississippi, Newsmakers

Sharon Pollina has joined The Citizens Bank as assistant vice president and loan administration officer. Pollina, who is located at the Biloxi Cedar Lake Branch, has worked in the banking industry since 1994. She is a native of Ocean Springs where she resides with her husband, Nick and their two sons, Sam and Trey. [...]

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 […] [...]

Federal Reserve gives nod to Regions’ capital plan

BIRMINGHAM, Ala. — The Federal Reserve has indicated to Regions Financial Corporation that it does not object to the company’s capital plan and proposed capital actions covering the period from April 1, 2014, to March 31, 2015. The capital plan was submitted to the Federal Reserve on Jan. 6, as part of the Comprehensive Capital […] [...]

Summer Gorman has joined Community Bank

by MBJ Staff Published: March 27,2014

Tags: banking, Business, finance, Mississippi

Summer Gorman has joined Community Bank in the Madison office. Gorman was previously employed as a mortgage loan originator with over 12 years of experience, and will now serve an assistant vice president in consumer lending and a mortgage loan originator. A Saltillo native, she is a graduate of Mississippi State University with a degree […] [...]

Chris Blakeney and Christina Bryant earn promotions with Community Bank

by MBJ Staff Published: March 27,2014

Tags: banking, Business, finance, Mississippi

Community Bank has promoted Chris Blakeney to loan officer in Raleigh. He joined Community Bank in September of this year, and has been serving as a teller. Blakeney, a Smith County native, is a graduate of the University of Southern Mississippi with a bachelor of science in business administration, majoring in banking and finance. He […] [...]

Farmer-owned coop pays patronage for 19th year in a row

RIDGELAND — First South Farm Credit member-borrowers will receive approximately $13 million in patronage refund checks in April. Patronage, which is a form of dividend payment, is based on the association’s year-end earnings. Shep Morris, chairman of the First South board of directors, said, “This is the 19th consecutive year we’ve paid a patronage refund. […] [...]

Attorney pleads guilty to defrauding two banks, court

BILOXI — A Coast attorney has pleaded guilty covering up evidence connected to a scheme to defraud two banks and the U.S. Bankruptcy Court. The government says in a news release that it is seeking restitution on behalf of the victims in the amount of $7.7 million. Stephen Richard Colson entered the plea in U.S. […] [...]

Fed clarifies guidance on short-term rates

by Associated Press Published: March 19,2014

Tags: banking, Business, Mississippi, money

WASHINGTON  — The Federal Reserve is seeking to clarify when it might start to raise short-term interest rates from record lows. The Fed also says it will cut its monthly long-term bond purchases by another $10 billion to $55 billion because it thinks the economy is strong enough to support further improvements in the job […] [...]

Deadline nears for disaster loans for victims of freeze

SOUTH MISSISSIPPI — The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes that April 14 is the filing deadline for federal economic injury disaster loans available in George, Greene, Jackson and Wayne counties in Mississippi as a result of […] [...]

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