HATTIESBURG — The First Bancshares Inc., holding company for The First, A National Banking Association, reported earnings for the quarter ended March 31, 2012. The First Bancshares also announced a quarterly dividend of $0.0375 per common share. The record date will be May 10, 2012 with a payable date of May 24, 2012. Net income [...] [...]
by Associated Press Published: April 27,2012
Tags: acquisitions, banking, Banks, earnings, finance, financial institutions, mergers, net income, profits, publicly traded company
GULFPORT — Hancock Holding Co., which operates Hancock and Whitney banks along the Gulf Coast, said yesterday that it is making progress in digesting last year’s Whitney acquisition. Hancock merged with Whitney in June, making it hard to compare year-earlier results. The bank posted profit of $18.5 million, or 21 cents per share, in the [...] [...]
by Associated Press Published: April 26,2012
Tags: acquisitions, banking, Banks, earnings, expansion, finance, financial institutions, loan losses, loans, mergers, net income, profit, publicly traded company
TUPELO — Renasant Corp. says its acquisitions and new branches are succeeding as it cut bad loans in the first quarter of 2012. The bank said it earned quarterly profit of nearly $6 million, or 24 cents per share. The company earned about $7.5 million, or 30 cents per share, in the same quarter of [...] [...]
by Associated Press Published: April 25,2012
Tags: acquisitions, banking, Banks, earnings, finance, financial institutions, loan provisions, loans, mergers, new income, profits, publicly traded company
JACKSON — Trustmark Corp. said profits rose strongly in the first quarter as the bank set aside less for bad loans and earned a windfall on buying a Florida bank. The bank said it earned $30.3 million, or 47 cents per share, in the quarter that ended March 31. That’s 26 percent higher than the [...] [...]
by Associated Press Published: April 3,2012
Tags: banking, Banks, bill, financial institutions, interest, law, lawmakers, legislation, legislative, legislators, Legislature, lenders, loan companies, loans, state government
JACKSON — Mississippi borrowers could soon pay more for some kinds of loans if lawmakers approve a bill to allow higher interest rates. House Bill 1396 would allow loan companies to charge 99 percent interest for loans up to $1,500. The current cap is 36 percent. It would also change amounts that could be charged [...] [...]
by Associated Press Published: March 26,2012
Tags: banking, Banks, construction, courts, finance, financial institutions, judges, judicial, judiciary, jury
JACKSON — The Mississippi Supreme Court has upheld its decision to throw out a $3.72 million jury award against Trustmark National Bank in a lawsuit brought by a construction firm. The Clarion-Ledger reports the construction company had accused the bank of improperly giving the state $1 million from the firm’s account. In 2009, A Hinds [...] [...]
BILOXI — Peoples Financial Corporation, parent of The Peoples Bank, has revised fourth quarter and 2011 earnings to account for an additional loan loss provision of $660,000, announced Chevis C. Swetman, chairman and CEO of the holding company and the bank. As a result of the revisions, fourth quarter earnings totaled ($622,000) for the fourth [...] [...]
JACKSON — Trustmark Corporation’s subsidiary, Trustmark National Bank, has completed its previously announced merger with Bay Bank & Trust Co., Panama City, Fla. Gerard R. Host, president and CEO of Trustmark, said, “We are pleased to welcome the customers and associates of Bay Bank to the Trustmark family. Bay Bank, with seven offices and $116.9 [...] [...]
by MBJ Staff Published: March 13,2012
Tags: banking, Banks, disaster, disaster recovery, federal agency, federal government, financial institutions, loans, natural disaster, small businesses
ACROSS MISSISSIPPI — The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of all sizes that April 9 is the filing deadline for federal economic injury disaster loans. These working capital loans are available in the counties of Adams, Amite, Attala, Claiborne, [...] [...]
by MBJ Staff Published: March 13,2012
Tags: advertising, banking, Banks, Convention Center, Conventions, finance, financial insitutions, marketing, meetings, promotions, public relations, tourism, tourists, visitors
JACKSON — SMG, managers of the Jackson Convention Complex, reports the Jackson Convention Complex and Trustmark National Bank have renewed their commercial rights marketing partnership, extending Trustmark’s designation as the exclusive bank of the Jackson Convention Complex for an additional three years. SMG general manager Kelvin Moore said, “Trustmark was one of the original marketing [...] [...]
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