by Ike Trotter Published: May 17,2013
Tags: finance, Ike Trotter, Social Security
Today almost half of those filing for Social Security benefits do so at age 62, the earliest age to which the law makes eligible. Some choose to delay benefits and postpone using their retirement savings as an income source. Others apply out of necessity; their financial situation leaves them little choice. Weighing everything involved, what [...] [...]
by MBJ Staff Published: May 17,2013
Tags: bank, banker, banking, damage, destruction, disaster, disaster recovery, emergency, emergency loan, entrepreneur, entrepreneurship, federal agency, finance, financial institution, loan, natural disaster, small business, tornado, Weather, wind
ACROSS MISSISSIPPI — The U.S. Small Business Administration reminds homeowners, renters, businesses and non-profit organizations of the deadline to submit disaster loan applications for damages due to the severe storms and tornadoes April 11-12. The deadline to apply for physical damage is June 17. Low-interest disaster loans are available in the following counties: Noxubee County [...] [...]
by MBJ Staff Published: May 17,2013
Tags: bank, banker, banking, expand, expansion, finance, financial institution, office
JACKSON — Trustmark National Bank has opened a new 12,000-square-foot office location on the first and second floors of the Nexen Building in Bunker Hill, Texas. The financial institution said it needs to expand as it continues to grow within the Houston market. Trustmark currently operates 15 locations in the Houston market, with loans outstanding [...] [...]
by MBJ Staff Published: May 16,2013
Tags: acquisition, buy. sell, check, check cashing, expand, expansion, finance, financial institution, loan, merger, payday loan, purchase, sale, store
MADISON — All American Check Cashing announced today the completion of the acquisition of 10 payday loan retail stores today throughout Mississippi. Terms were not disclosed. This marks the second merger and acquisition for All American this year and increases the total number of retail stores in Mississippi and Louisiana to 44. The payday loan [...] [...]
by MBJ Staff Published: May 13,2013
Tags: bank, banker, banking, finance, financial institution, initial public offering, invest, investing, investment, investor, publicly traded company, share, stock
GULFPORT — First NBC Bank Holding Company, the New Orleans-based holding company for First NBC Bank, has priced its initial public offering of 4,166,667 shares of common stock at a price to the public of $24 per share. The common stock has been approved for listing on the NASDAQ Global Select Market, trading under the [...] [...]
by Ross Reily Published: May 10,2013
Tags: Bill Crawford, finance, Mississippi, Mississippi Business Journal, taxes
Reshoring is the catchy name used to describe efforts to bring manufacturing jobs back to America. It includes the return of jobs “off-shored” or “out-sourced” by U.S. companies as well as jobs brought to America by direct foreign investment. While General Electric, Caterpillar and Ford have brought jobs back to the U.S., we see more [...] [...]
by Ross Reily Published: May 10,2013
Tags: finance, Ike Trotter, Mississippi, Mississippi Business Journal
For this column, we will discuss those areas of estate and financial planning for the age group I will refer as “age 50 and older.” Obviously, we’re dealing with a wide age span for people in this group that pairs those of the World War II generation along with the Baby Boomer generation that followed [...] [...]
by MBJ Staff Published: May 6,2013
Tags: aid, assistance, bank, banker, disaster, disaster recovery, emergency, entrepreneur, entrepreneurship, finance, financial institution, flood, flooding, hurricane, loan, natural disaster, rain, small business, tropical, Weather, wind
SOUTHEAST MISSISSIPPI — The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes that June 3 is the filing deadline for federal economic injury disaster loans available in Clarke, George, Greene, Jackson,Lauderdale and Wayne counties as a result of Hurricane Isaac. Under this declaration, the SBA’s Economic Injury Disaster [...] [...]
by MBJ Staff Published: May 3,2013
Tags: agriculture, bank, banker, banking, cooperative, earnings, farm, farmer, farming, finance, financial institution, loan, net income
AUSTIN, Texas — Farm Credit Bank of Texas (FCBT) reports net income for the quarter ended March 31, 2013, totaled $53.8 million, a 57 percent increase from the same period of 2012. The increase was due largely to a $6.4 million increase in noninterest income, combined with a $13.7 million decrease in provision for loan [...] [...]
by MBJ Staff Published: May 2,2013
Tags: aid, bank, banker, banking, damage, destruction, disaster, disaster assistance, disaster recovery, emergency, entrepreneur, entrepreneurship, federal agency, finance, financial institution, flood, flooding, hurricane, loan, natural disaster, rain, severe weather, small business, storm surge, topical weather, tornado, tropical, Weather, wind
ACROSS MISSISSIPPI — The U.S. Small Business Administration is reminding businesses in Mississippi that working capital loans are still available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations affected by Hurricane Isaac. The deadline is May 30. Economic Injury Disaster Loans up to $2 million are available [...] [...]
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