Posts Tagged ‘banking’

BancorpSouth posts healthier quarterly profit

TUPELO — Regional bank BancorpSouth Corp. saw profit rise for the third quarter in a row, jumping 37 percent in 2014′s first quarter from the same three months in 2013. BancorpSouth posted quarterly profit yesterday of $28.4 million, or 30 cents per share. That’s up from $20.8 million or 22 cents per share in 2013′s […] [...]

U.S. credit union assets grow to over $1 trillion but fewer CUs surviving

by Published: April 14,2014

Tags: banking, Business, credit union, finance, Mississippi

Credit union numbers have declined steadily in Mississippi and across the country in the last 25 years. But money is flowing into the surviving ones at increasing amounts. From 2006 to 2010, the number of federally insured credit unions nationally went from 8,362 to 7,339. At the same time, assets ballooned from $710 billion to […] [...]

Keesler Credit Union gaining stake in Jackson with MDOT CU acquisition

by Published: April 14,2014

Tags: banking, Business, finance, Gulf Coast, Keesler, Mississippi

Keesler Federal Credit Union, a $2.1 billion Biloxi-based member institution, has set the stage for entry into the metro Jackson market with acquisition of the $4.8 million Mississippi Department of Transportation Federal Credit Union. The deal closed March 31. Convergence of the operations is to be completed by June 30. Both non-profit entities were among […] [...]

BancorpSouth buying Louisiana-based insurance firm

TUPELO — BancorpSouth Insurance Services Inc., a subsidiary of BancorpSouth Bank, has, signed a definitive agreement to acquire the assets of Lafayette, La.-based Knox Insurance Group, LLC. The transaction is expected to close immediately.  Financial terms of the pending transaction were not disclosed. “The Knox acquisition gives us an opportunity to meaningfully expand our market […] [...]

IKE TROTTER: To Roth or not to Roth

by Published: April 7,2014

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

Perhaps some of you struggled through World Literature like I did in school. Frankly, the problem wasn’t my teachers. A lot of it had to do with me and where my mind was at that stage of life. In particular, I remember trudging through Shakespeare’s Hamlet and reciting the well known pronouncement “To be or […] [...]

Regions website provides businesses information

by Published: April 7,2014

Tags: banking, Business, finance, Mississippi, Regions

People running a business are often so busy managing day-to-day operations that it can be difficult to find time to bone up on business issues like strategic planning. But now Regions Bank has partnered with Inc. Magazine and The Build Network to launch a new Commercial Insights website, www.regions.com/commercialinsights, that provides free access to information […] [...]

It’s a taxing season for CPA firms

by Published: April 7,2014

Tags: banking, Business, finance, Mississippi, taxes

With less than two weeks left before tax filing deadline, CPA offices across Mississippi are feeling the crush. These pros, however, have learned to cope with the yearly pressures of tax season. They also took time to discuss changes and trends they’ve observed this year. Jessica Cooley with the Jackson metro area firm of GranthamPoole […] [...]

The First opening loan office in Baton Rouge

HATTIESBURG — The First Bancshares Inc., holding company for The First, A National Banking Association, is opening of a new loan production office in Baton Rouge, La. M. Ray “Hoppy” Cole, president and CEO of First Bancshares and The First, said, “We are excited to gain a larger presence in Louisiana with the entry into […] [...]

Louisiana officials, FDIC give nod to bank branch in Natchez

NATCHEZ — The Louisiana Office of Financial Institutions and the FDIC have approved an application of Delta Bank of Vidalia, La., to open a full-service branch in Natchez. Bank officials said the move twill position Delta Bank to enhance banking convenience in a region of the state it has long served and understands well. The […] [...]

The Citizens Bank names presidents

by Published: April 1,2014

Tags: banking, Business, finance, Mississippi

Blake Walker has joined the The Citizens Bank and will serve as president in its Hattiesburg office. A graduate of the University of Southern Mississippi, Walker has long been involved in a number of civic and economic development endeavors across the region. He is a member of the Sales and Marketing Professionals of the Pine […] [...]

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