Posts Tagged ‘banking’

WHICH WAY IS UP? High stock market values are at odds with nation’s lackluster economy

During the stock market crash of 2008-2009, Dow Jones investors lost on average half the value of their investments. But those who stuck with it have since seen stocks rebound about 270 percent since then. “With the exception of the 17 percent decline in the summer of 2011, volatility has been very mild,” said Stacy […] [...]

BankPlus recognized for alternative program to payday lending

RIDGELAND — BankPlus and City First Enterprises of Washington, D.C., are the winners of the inaugural Empowerment Awards, which recognize promising projects that provide or encourage access to safe, fair financial services in underserved communities. BankPlus won in the Community Development Banking category for its innovative alternative to payday lending, and City First won in […] [...]

State’s new banking chief Charlotte Corley has deep roots in the business

by Published: November 20,2014

Tags: banking, Business, Charlotte Corley, Mississippi

Mississippi’s bankers should have no difficulty recognizing the name of the state’s new banking commissioner. Gulfport native Charlotte Corley has been a bank regulator in Mississippi her entire working life, having joined the Department of Banking & Consumer Finance as a bank examiner in 1985. She became banking division director in 2000, after a 13-year […] [...]

Citizens Holding offering increased quarterly dividend

PHILADELPHIA — Citizens Holding Company’s board of directors has declared a cash dividend of $0.23 per share payable Dec. 31 to shareholders of record as of Dec. 15. “Today I am announcing our fourth quarter 2014 dividend of $0.23 per share,” said Greg L. McKee, president and CEO. “This is an increase of $0.01 per […] [...]

BancorpSouth opens office in Austin, Texas

TUPELO — BancorpSouth Bank, subsidiary of BancorpSouth Inc. has opened a loan production office at 11612 Bee Caves Road in Austin, Texas, providing a broad range of financial services to the Austin metropolitan area. “The Austin, Texas MSA consistently ranks at or near the top of almost all statistical publications regarding economic drivers and activity,” […] [...]

Hairston named CEO/president of Hancock Holding

GULFPORT — Hancock Holding Company has announced that John M. Hairston has been named the company’s chief executive officer and president. Hairston served as CEO and chief operating officer for the parent of Hancock Bank. He succeeds Carl J. Chaney, who retired effective Friday. Hairston had been CEO/COO in 2008. He has served as an […] [...]

Bryant chooses new Mississippi banking commissioner, Charlotte Corley

by Published: November 10,2014

Tags: banking, Business, Madison, Mississippi

JACKSON — Mississippi Gov. Phil Bryant has chosen a new state banking commissioner to succeed one who left more than a month ago. Charlotte Corley of Madison has already begun working as commissioner, and will need to be confirmed by the state Senate during the 2015 legislative session. In announcing the nomination Monday, Bryant says […] [...]

BauerFinancial gives Hancock five stars for 100th consecutive quarter

GULFPORT — BauerFinancial Inc. has again awarded a 5-Star Superior rating to Hancock Bank. That recommendation (Bauer’s highest rating) affirms the bank as one of America’s strongest, safest financial institutions for the 100th consecutive quarter — 25 years in a row. BauerFinancial awarded its 5-Star rating to Hancock based on the company’s capital, asset quality, […] [...]

Community Bank breaks ground for new Spillway Road office

BRANDON — Community Bank has broken ground for its newest construction project. The site of new full-service bank office is located at 1871 Spillway Road, next door to the Fresh Market Café. Projected completion date is scheduled for summer of 2015. Fountain Construction Inc. based in Jackson, serves as general contractor for the project, and […] [...]

Hancock selling Whitney Bank branches in Houston

GULFPORT — Hancock Holding Co. says it will sell four Whitney Bank branches in Houston to Community Trust Bank of Ruston, Louisiana. Community Trust Bank will acquire $15 million in loans and $135 million in deposits, pending regulatory approval. The sale is expected to close by the end of March. No purchase price was disclosed. […] [...]

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