Posts Tagged ‘banking’

Peoples Bank of Puckett promotes Jason Smith

by Published: May 1,2014

Tags: banking, Business, finance, Mississippi, Newsmakers

Peoples Bank has promoted Jason Smith to loan officer at the Puckett Branch. Born and raised in Puckett, after earning his associates degree from Hinds County Community College, Smith joined Byars Appraisal as a licensed real estate appraiser from 1997-2012. He began working at Peoples Bank in 2012 as the real estate officer, located in […] [...]

The First sees earnings increase, declares dividend

HATTIESBURG — The First Bancshares Inc. (NASDAQ: FBMS), holding company for The First, A National Banking Association, has reported earnings for the first quarter ended March 31. Net income available to common stockholders for the three months ended March 31 amounted to $1,321,000, or $0.25 per diluted share, compared to $1,119,000, or $0.35 per diluted […] [...]

Peoples records weaker quarter-over-quarter net income

BILOXI — Peoples Financial Corporation (NASDAQ Capital Market: PFBX), parent of The Peoples Bank, reported net income of $579,000 for the first quarter of 2014. First quarter earnings this year were 4.5 percent below the same period in 2013, but reversed a loss of $883,000 recorded in fourth quarter of 2013 due primarily to a […] [...]

Sledge&Company Financial hires Murray Ann Penn

by Published: April 23,2014

Tags: banking, Business, finance, Mississippi, Newsmakers

Sledge&Company Financial has hired Murray Ann Penn as the new director of operations. Penn earned her bachelor’s degree from the University of Alabama. She then went on to study law at Mississippi College, where she earned her J.D. Her position will entail overseeing client plans, and maintaining a proficient understanding in estate, business and financial […] [...]

Renasant reports better profits after First M&F acquisition

TUPELO — Regional bank Renasant Corp. says profit in 2013′s fourth quarter rose 80 percent in the second period following its takeover of First M&F Corp. Renasant posted quarterly profit yesterday of $13.6 million, or 43 cents per share. That’s up from $7.6 million, or 30 cents per share, in 2013′s first quarter. Because that […] [...]

Trustmark sees higher quarterly net income; declares dividend

JACKSON — Trustmark Corporation (NASDAQ:TRMK) reported net income of $29.0 million in the first quarter of 2014, which represented diluted earnings per share of $0.43, an increase of 2.4 percent from the prior quarter and 13.2 percent compared to one year earlier. Trustmark’s performance during the first three months of 2014 produced a return on […] [...]

James Kelly retiring from BancorpSouth

by Published: April 22,2014

Tags: banking, Business, finance, Mississippi, Newsmakers

James Kelley, the president and COO of BancorpSouth since 2000, is retiring from the company on Aug. 15. Clark, the president and CEO of CC Clark, a holding company for several beverage distributors, has been on BancorpSouth’s board since 1996. Clark also is president and CEO of Gulf States Canners, a bottler of soft drinks, […] [...]

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 […] [...]

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