Posts Tagged ‘finance’

Citizens Holding records steep increase in net income

PHILADELPHIA — Citizens Holding Company (NASDAQ: CIZN) has released results of operations for the three and six months ended June 30, 2014. Net income for the three months ended June 30, 2014, was $2.093 million, or $0.43 per share-basic and diluted, up from $1.604 million, or $0.33 per share-basic and diluted for the same quarter […] [...]

Investigation leads to $10M settlement with payday lender ACE Cash Express

Texas-based ACE Cash Express, a large payday lender with a franchise store in Hattiesburg, has been hit with $10 million in penalties from the fledgling Consumer Financial Protection Bureau. ACE Cash Express, CFPB Director Richard Cordray charges, was “relentlessly overzealous” in pursuit of overdue borrowers. ACE Cash Express unlawfully called employers of tardy borrowers and […] [...]

Renasant reports much higher net income after First M&F buy

TUPELO — During the second quarter of 2014, Renasant Corporation saw net income increase 85 percent to $14,853,000, or basic and diluted earnings per share (EPS) of $0.47, compared to $8,019,000, or basic and diluted EPS of $0.32, for the second quarter of 2013. The company’s balance sheet and results of operations as of and […] [...]

‘Branch rationalization’ guiding Hancock, Regions branching strategies

Fresh off of closing more than two dozen branches and selling a handful of others in its five-state market, Hancock Bank is back in the branching business with the opening of  a full service location in West Hattiesburg. The 5,300-square-foot Oak Grove branch at 12 Newtowne Loop is among several branches and financial centers the […] [...]

HOPE Federal busy filling gaps left by bank branch closings

by Published: July 10,2014

Tags: banking, Business, finance, HOPE Federal, Mississippi, Regions Bank

Mississippi banks have left Bill Bynum and the HOPE Federal Credit Union he runs plenty of opportunity to grow Hope’s branching business. But he’d rather they wouldn’t. Bank branch closings at the start of the financial services sector collapse in 2008 through the past few years of recovery greatly increased the challenge of reversing the […] [...]

Revised home-mortgage rules seen as threat to home ownership in rural Mississippi

New home mortgage lending rules that threaten to end  balloon mortgage lending in Mississippi likely will top the list of concerns the Mississippi Bankers Association will note in a reply to federal regulators who have initiated a series of  comment periods on banking regulations. The replies by Mississippi bankers and their advocacy organization, the MBA, […] [...]

Regions creates General Bank, Corporate Bank

BIRMINGHAM, Ala. — Regions Financial Corp. (NYSE:RF) has realigned its business units and geographical leadership, creating a General Bank, which consists of the businesses that serve retail, wealth management, and small business customers, and a Corporate Bank, which consists of the businesses that serve middle-market and larger commercial clients. John Owen, head of business lines, […] [...]

Oil exploration company gets $400M from private equity firm

WILKINSON COUNTY — A private equity firm will invest up to $400 million to support efforts by Houston-based Halcón Resources Corp to drill for oil on the 314,000 acres that Halcón has leased in the Tuscaloosa Marine Shale of southwest Mississippi and southeast Louisiana. Halcón said yesterday that it would sell $150 million in preferred […] [...]

MARK BLACKWELL — Is the market rigged?

by Published: June 6,2014

Tags: banking, Business, column, finance, Mississippi

By Mark Blackwell I’ve been asked this question more this year than in my past twenty five years in the financial services industry. Presumably, the question arises because of Michael Lewis’ book Flash Boys, in which he makes the claim that the stock market is, in fact, rigged. His premise is that trading technology has […] [...]

Bankers’ INTEREST means NO INTEREST for Habitat for Humanity

IN 28 YEARS, Habitat for Humanity Mississippi Capital Area has built 590 homes and rehabilitated and/or weatherized more than 155 homes, making it the largest single-family housing developer in Jackson and one of the top Habitat affiliates in the nation. The goal is to help low to moderate income families attain home ownership which in […] [...]

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