Mississippi Business Journal » finance

Bank earns five stars for 94th consecutive quarter

MBJ Staff — Tue, 21 May 2013 12:09:10 +0000

GULFPORT — BauerFinancial Inc. has awarded Hancock Bank a 5-Star Superior rating for the quarter ending Dec. 31, 2012. Hancock Bank has received BauerFinancial recommendations (4-Star or 5-Star ratings) for 94 consecutive quarters — or more than 23 years. “By making common-sense business decisions, proactively managing risk, and understanding how people prefer to do business, [...]

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TROTTER: Social security claiming strategies

Ike Trotter — Fri, 17 May 2013 20:51:14 +0000

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 [...]

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Deadline approaching for post-tornado loans from SBA

MBJ Staff — Fri, 17 May 2013 12:12:07 +0000

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 [...]

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Bank opens new Texas office, expands Houston footprint

MBJ Staff — Fri, 17 May 2013 12:09:31 +0000

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 [...]

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Check-cashing firm buys 10 more stores across Miss.

MBJ Staff — Thu, 16 May 2013 17:53:02 +0000

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 [...]

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Bank prices initial public offering at $24 per share

MBJ Staff — Mon, 13 May 2013 11:32:54 +0000

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 [...]

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CRAWFORD: Reshoring output requires STEM input

Ross Reily — Fri, 10 May 2013 19:29:20 +0000

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 [...]

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TROTTER: Estate and financial planning fundamentals

Ross Reily — Fri, 10 May 2013 19:26:17 +0000

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 [...]

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Deadline approaching for Hurricane Isaac assistance

MBJ Staff — Mon, 06 May 2013 22:19:06 +0000

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 [...]

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Bank cooperative sees huge jump in net income

MBJ Staff — Fri, 03 May 2013 11:28:41 +0000

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 [...]

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