Posts Tagged ‘banking’

The First acquiring Alabama bank in cash/stock deal

HATTIESBURG — First Bancshares is expanding further into Alabama, announcing yesterday that it will buy BCB Holding Co. of Mobile, Ala., for about $6.6 million in cash and stock. BCB is the parent company of Bay Bank, which has $80 million in assets. Hattiesburg-based First Bancshares, the parent company of The First, says it expects […] [...]

Stock and housing gains put US net worth at record

by For the MBJ Published: March 6,2014

Tags: banking, finance, Mississippi, United States, Wall Street

WASHINGTON — A surging stock market and rebounding home prices boosted Americans’ wealth to a record in the final three months of last year, though both trends have slowed so far in 2014. Household net worth jumped nearly $3 trillion during last year’s fourth quarter to $80.7 trillion. Stock and mutual fund portfolios gained nearly […] [...]

Disaster loan deadline nears for victim’s of last year’s freeze

ACROSS 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 March 31 is the filing deadline for federal economic injury disaster loans in Mississippi as a result of the freeze on March 25–29, 2013. The loans […] [...]

Southern AgCredit sets another patronage payment record

RIDGELAND — Southern AgCredit, a rural lending cooperative, recently returned a record level of net earnings to its customer-owners in Mississippi and Louisiana. This marks the 18th consecutive year of the co-op’s patronage program. Southern AgCredit customers received a check for their portion of the $7.2 million cash patronage, plus a statement detailing their share […] [...]

Banking group petitioning for change to Volcker Rule

WASHINGTON, D.C. — The Independent Community Bankers of America (ICBA) is calling on federal regulators to broaden Volcker Rule accommodations for community bank holdings of collateralized debt obligations backed by trust-preferred securities. In a comment letter, ICBA wrote that the agencies’ interim final rule should exempt all TruPS CDOs and collateralized loan obligations to avoid […] [...]

Louisiana bank eyeing expansion into Mississippi

NATCHEZ — Vidalia, La.-based Delta Bank has filed applications to the Louisiana Office of Financial Institutions and FDIC to open a full-service branch in Natchez. The branch is expected to open in the next three months pending regulatory approvals and will offer a full line of financial products and services. The branch will be located […] [...]

Bank cooperative sees record earnings — again

AUSTIN, Texas — Farm Credit Bank of Texas (FCBT), a cooperatively owned wholesale bank that provides funding for rural retail lenders, has released preliminary unaudited financial highlights and results for the year ended Dec. 31, 2013, reporting record earnings for the eighth consecutive year. The Austin-based bank reported $179.8 million in net income in 2013, a 3.0 […] [...]

ICBA: Community banks reissue millions of cards after data breach

WASHINGTON — The Independent Community Bankers of America (ICBA) reports the nation’s community banks have already reissued more than four million credit and debit cards at a total reissuance cost of more than $40 million following recent data breaches at major retailers (numbers are based on a sampling of community banks). Due to their quick […] [...]

Renasant, BancorpSouth acquisitions seen boosting earnings per share

by Ted Carter Published: February 17,2014

Tags: BancorpSouth, banking, Business, finance, Mississippi, Renasant

Analysts see bump-ups in earnings per share from growth achieved by Tupelo’s Renasant Bank through acquisition of M&F Bank of Kosciusko and growth expected by Tupelo neighbor BancorpSouth’s announced acquisitions in Texas and Louisiana. The $5.7 billion Renasant’s first full quarter with M&F was a solid one, Birmingham, Ala.-based Stern Agee reported, citing a .03 […] [...]

PriorityOne to build branches in Collins, Ridgeland

MAGEE — PriorityOne Bank has unveiled plans for expansion in 2014. In 2009, a lot was purchased at the intersection of Highway 98 and Highway 589 in Hattiesburg with the intention of constructing a branch on this site at some time in the future. In addition, property was also purchased in 2013 on the Highway […] [...]

« Previous Page Next Page »

Recent Posts

Polls

How ready is your business for health care reform?

View Results

The MBJ poll should not be considered a scientific one. Results reflect only the opinion of those who participate.

Loading ... Loading ...

Recent Comments