Posts Tagged ‘Banks’

SBA disaster loan deadline approaching

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, […] [...]

Jackson Convention Complex, Trustmark extend marketing partnership

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 […] [...]

Pearl River Resort lands debt refinancing via Trustmark agreement

CHOCTAW — The Mississippi Band of Choctaw Indians has signed a debt refinancing agreement for the Pearl River Resort in Neshoba County and the Bok Homa Casino in Jones County. The new loan is for $78 million at a 6 percent variable rate for five years. The agreement was signed yesterday by Chief Phyliss J. […] [...]

Bank to take over historic Monmouth in foreclosure proceedings

NATCHEZ — United Mississippi Bank was expected to assume ownership of historic Monmouth today in foreclosure proceedings. Warren Reuther, president of New Orleans Hotel Consultants, said his company has met with bank representatives about the possibility of managing Monmouth. Reuther said the bank intends to do everything they can to keep Monmouth open because of […] [...]

ABA honors BankPlus for program aimed at the underserved

by MBJ Staff Published: February 24,2012

Tags: awards, bankers, banking, Banks, finance, financial institutions, trade associations, underserved

RIDGELAND — The American Bankers Association has recognized 10 banks for their outstanding leadership by honoring them with an ABA Community Bank Award. The 2012 awards were presented in seven categories ranging from Improving Financial Literacy to Reaching Out to the Underserved. The ABA selection committee awarded 10 banks from a field of nearly 200 […] [...]

Coast county to borrow money to fund multiple projects

JACKSON COUNTY — Jackson County supervisors have voted to borrow $2.5 million in a five-year note to complete multiple projects. The Mississippi Press reports about $1.2 million will go toward site work on the new Adult Detention Facility and $430,000 will fund a Highway Patrol building on Mississippi 57. Another $430,000 will go to improvements […] [...]

USM fundraiser for new College of Business gets gift, challenge

HATTIESBURG — Thanks to a gift from The First Bancshares Inc., the University of Southern Mississippi Foundation’s Building Better Business Campaign has exceeded the $8 million mark on the way to reaching its $10 million goal. In addition, Southern Miss alumnus Chuck Scianna has issued a matching gift challenge to help raise the remaining $2 […] [...]

Southern AgCredit mailing dividends totaling $6.35M

by MBJ Staff Published: February 21,2012

Tags: Banks, borrowers, crdit union, credit, customers, dividends, financial, financial institutions, financing, patronage

RIDGELAND — The Southern AgCredit board of directors recently approved a patronage dividend for borrowers based on the financing cooperative’s solid 2011 earnings. Checks are being mailed to customers in mid-February. Southern AgCredit customers will receive a check for their portion of the $6.35 million cash patronage, plus a statement detailing their share of the […] [...]

Report: Optimism about the economy up 10 percent in fourth quarter

STARKVILLE — Mississippians’ optimism about the economy jumped 10 percent from the third to fourth quarter of 2011, according to the latest Mississippi Index of Consumer Sentiment featured in the current edition of “Economy Watch.” Based at Mississippi State University’s College of Business, “Economy Watch” is published in cooperation with BankPlus and Entergy. More than […] [...]

Britton & Koontz sees drop in net income in 2011

by MBJ Staff Published: February 2,2012

Tags: assets, banking, Banks, deposits, earnings, finance, financial institutions, loans, publicly traded company, revenue

NATCHEZ — Britton & Koontz Capital Corporation reports net income for the year ended Dec. 31, 2011, of $394,000, or $.18 per basic and diluted share, compared to $1.9 million, or $.90 per basic and diluted share, for 2010. Net income for the quarter ended Dec. 31, 2011, was $311,000, or $.15 per basic and […] [...]

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