Posts Tagged ‘finance’

Analysts hail BancorpSouth stock buyback as ‘handsome’ reward for shareholders

by Published: December 18,2014

Tags: banking, Business, finance, Mississippi, NEWS, Tupelo

The board  of BancorpSouth’s Dec. 11 authorization of a buy-back program of up to 5.7 million shares of common stock pushed up the Tupelo banking company’s share price 0.5  percent by the middle of this week. The move also won praise from analysts who see the buyback as an attractive reward to shareholders. The repurchase […] [...]

Wesley Health Systems Federal Credit Union to merge with Keesler Federal Credit Union

by Published: December 16,2014

Tags: banking, BILOXI, Business, finance, Gulf Coast, Mississippi, NEWS

BILOXI –  Wesley Health Systems Federal Credit Union, located in Hattiesburg, will merge with Keesler Federal Credit Union on Feb. 28, 2015.  First chartered in 1968 to serve employees of the former Methodist Hospital, Wesley FCU now serves all of Forrest County and select employee groups in Forrest, Lamar and Marion Counties. Wesley FCU will […] [...]

Renasant of Mississippi buying Ga. bank in $258M deal

by Published: December 11,2014

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

JACKSON — Mississippi-based regional bank Renasant Corp. said Wednesday that it will acquire Georgia-based Heritage Financial Group, the parent of HeritageBank of the South for $258 million in stock. The merger will move Renasant, based in Tupelo, into southern Georgia and northern Florida for the first time and slightly bolster the bank’s position in the […] [...]

MARK BLACKWELL — Smart year-end financial moves

by Published: December 4,2014

Tags: banking, Business, finance, Mark Blackwell, Mississippi, NEWS

A s we approach 2015, now is an ideal time to consider ways to maximize year-end opportunities for your finances.  I have listed below a few specific ideas you may want to consider.  Since some take a little time to implement, it is important to not wait too long to act.  Also, please keep in […] [...]

SPEED BANKING — Mobile deposits gaining popularity among customers, banks

by Published: December 4,2014

Tags: banking, Business, finance, Mississippi, NEWS, PriorityOne, Susan Herrington

You already use your smartphone camera to take snaps of the kids, the cat and dinner at a fancy restaurant. Now, more people are taking photos of checks that they want to deposit into their bank account instead of having to go to the bank to do it. The mobile deposit service also is gaining […] [...]

WHICH WAY IS UP? High stock market values are at odds with nation’s lackluster economy

During the stock market crash of 2008-2009, Dow Jones investors lost on average half the value of their investments. But those who stuck with it have since seen stocks rebound about 270 percent since then. “With the exception of the 17 percent decline in the summer of 2011, volatility has been very mild,” said Stacy […] [...]

BankPlus recognized for alternative program to payday lending

RIDGELAND — BankPlus and City First Enterprises of Washington, D.C., are the winners of the inaugural Empowerment Awards, which recognize promising projects that provide or encourage access to safe, fair financial services in underserved communities. BankPlus won in the Community Development Banking category for its innovative alternative to payday lending, and City First won in […] [...]

Citizens Holding offering increased quarterly dividend

PHILADELPHIA — Citizens Holding Company’s board of directors has declared a cash dividend of $0.23 per share payable Dec. 31 to shareholders of record as of Dec. 15. “Today I am announcing our fourth quarter 2014 dividend of $0.23 per share,” said Greg L. McKee, president and CEO. “This is an increase of $0.01 per […] [...]

Experian: State’s auto-loan delinquency rates at or near top in nation

ACROSS MISSISSIPPI — A survey by Experian Automotive finds that 30- and 60-day automotive-loan delinquencies were up in the third quarter of 2014, and Mississippi is first and second, respectively, in both categories. According to its latest State of the Automotive Finance Market report, 30-day delinquencies grew 3.7 percent from the previous year. Similarly, 60-day […] [...]

BancorpSouth opens office in Austin, Texas

TUPELO — BancorpSouth Bank, subsidiary of BancorpSouth Inc. has opened a loan production office at 11612 Bee Caves Road in Austin, Texas, providing a broad range of financial services to the Austin metropolitan area. “The Austin, Texas MSA consistently ranks at or near the top of almost all statistical publications regarding economic drivers and activity,” […] [...]

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