Posts Tagged ‘finance’

Tallahatchie General’s listing on auditor’s ‘watchline’ an image set back, CEO says

by Ted Carter Published: April 17,2014

Tags: Business, education, finance, healthcare, Mississippi

It takes time and money to turn around a publicly owned rural hospital’s image once it is seen as troubled and cash-strapped. That’s why the chief administrator of Tallahatchie General Hospital says he fears his work to convince Charleston and the surrounding communities to think differently about Tallahatchie General sustained an unnecessary set back in […] [...]

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

by Ted Carter 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 Ted Carter 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 Ike Trotter 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 Becky Gillette 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 Lynn Lofton 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 […] [...]

Developers of a 2nd Coast casino miss financing deadline

MISSISSIPPI GULF COAST — Developers of two proposed casinos for the Mississippi Gulf Coast have missed deadlines to secure financing to build their projects. Tuesday, Rotate Black, which has a site approval at the Gulfport Harbor to build the $112 million Hemingway Casino failed to meet the 5 p.m. deadline. Monday, developers for the Scarlet […] [...]

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 […] [...]

KiOR borrows $25M; avoids defaulting on loan

COLUMBUS — Alternative-fuel maker KiOR Inc. has borrowed enough money to keep operating through August. The Pasadena, Texas, company, which has a $225-million plant in Columbus, had warned last month that it had to raise more money for research and plant improvements. KiOR, in a stock filing today, said it had completed a deal to […] [...]

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