Posts Tagged ‘banking’

BancorpSouth’s efforts focused on remediating regulatory concerns

TUPELO — BancorpSouth Inc. saw its net income rise more than 15 percent to $28.8 million in the third quarter, as loans and insurance commission revenue increased. The company reports noninterest revenue was $69.3 million, up from $62.5 million for the year-ago period. Insurance commission revenue played a large role, rising from $23.8 million to […] [...]

Banks may love debit cards more than you

by Published: October 9,2014

Tags: banking, Business, finance, Mississippi, small business

Like banks across the country, in today’s digital world, State Bank & Trust in Cleveland is getting fewer requests for checks. “We don’t order nearly the checks we used to for people,” said Jerry Bullock, president, State Bank & Trust, Cleveland. “Most would rather use a debit card. Just about everyone uses a debit or […] [...]

South Mississippi woman pleads guilty to bank, wire fraud

PICAYUNE — A Picayune woman has pleaded guilty in connection with a fraud scheme in New Orleans. U.S. Attorney Kenneth Polite’s office says 50-year-old Kim Parish entered the plea yesterday to charges of bank fraud and wire fraud. Prosecutors said Parish worked as an accountant for a New Orleans information technology services business, which she […] [...]

BancorpSouth moves Houston office into Friendswood facility

TUPELO — BancorpSouth Bank has opened a loan production office in the Houston, Texas, suburb city of Friendswood. BancorpSouth initially opened an office in temporary office space just over five months ago in a Southwest Houston location. The office recently moved to its new location at 699 South Friendswood Drive, Suite 107. The move enhances […] [...]

Hancock Bank to celebrate its 115th year in operation

GULFPORT — At the turn of the 20th century, 19 South Mississippians envisioned a bank committed to helping local people succeed. So, with $10,000 in capital and a business plan built on core values, they opened Hancock Bank. On Oct. 9, Hancock Bank will celebrate 115 years of serving the Coast with festivities in Lighthouse […] [...]

IKE TROTTER: Life insurance is for the living — plan it that way

by Published: October 2,2014

Tags: banking, Business, finance, Greenville, Ike Trotter, Mississippi

It has become a custom to write about life insurance concepts during the month of September. The calendar has turned to October, but my annual message is still important. My annual comments are due in great part to the publicity generated by Life Insurance Awareness Month and the great work of the non-profit organization sponsoring […] [...]

S&P continues its 5-year climb

by Published: October 2,2014

Tags: banking, Business, finance, Mississippi, S&P, Standard and Poor's

Standard & Poor’s has been a part of the financial landscape for almost 100 years, but in March of 2009, the housing crisis brought both it and its rival Dow to their knees. The S&P Index hit a 13-year  low at 676.53, but that was just the beginning of a five-year run that has recently […] [...]

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 […] [...]

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