Posts Tagged ‘finance’

S&P continues its 5-year climb

by Published: October 2,2014

Tags: banking, Business, finance, Mississippi, S&P, Standard and Poor's

Standard & Poor’s has been a part of the financial landscape for almost 100 years, but in March of 2009, the housing crisis brought both it and its rival Dow to their knees. The S&P Index hit a 13-year  low at 676.53, but that was just the beginning of a five-year run that has recently […] [...]

BancorpSouth expands Tennessee footprint with Chattanooga office

TUPELO — BancorpSouth Bank, subsidiary of BancorpSouth Inc., has opened a loan production office in Chattanooga, Tennessee, expanding the bank’s presence into Southeast Tennessee. BancorpSouth’s loan production office is located in downtown Chattanooga at 631 Broad Street and features a team of local lending and support professionals. The office is part of BancorpSouth’s Tennessee Metro […] [...]

BankPlus announces a bevy of promotions, new-hires

by Published: September 24,2014

Tags: baking, BankPlus, Business, finance, Mississippi, Newsmakers

BankPlus has promoted Lindsay Akers Tomlinson to first vice president and director of analytics in the Marketing Department. Tomlinson has over 11 years of experience in the banking industry, and has been a part of the BankPlus team since 2008. A native of Tupelo, Mississippi, Tomlinson received her bachelor’s degree in computer science from Millsaps […] [...]

Fitch Ratings gives Trustmark a ‘stable’ outlook

JACKSON — Fitch Ratings has affirmed Trustmark Corp.’s (TRMK) ratings at “BBB+”/”F2”. The rating outlook remains “stable”. Fitch wrote: “TRMK’s ‘BBB+’ ratings reflect its good asset quality and the leading market share in TRMK’s home state of Mississippi and growing market share in other parts of the southeastern U.S. Furthermore, Fitch positively views the company’s […] [...]

Moon issues statement on Congress’ Ex-Im Bank vote

JACKSON — Following House and Senate passage of a continuing resolution that temporarily reauthorizes the Export-Import (Ex-Im) Bank, Mississippi Manufacturers Association (MMA) President and CEO Jay C. Moon has issued a statement. “Mississippians, along with others across the nation, have brought to Congress’ attention the vitality of what the Export-Import Bank means to the United […] [...]

Margaritaville owner files for bankruptcy before landlord hearing

BILOXI — The owner of Biloxi’s Margaritaville casino filed for Chapter 11 bankruptcy protection yesterday, only hours before a hearing where the landlord aimed to seize the property. The filing by MVB Holding LLC in U.S. Bankruptcy Court in Gulfport follows the casino’s shutdown on Monday night. Don Dornan, a lawyer for landlord Clay Point, […] [...]

Fed’s Beige Book notes moderate economic growth in Mississippi’s 2 districts

by Published: September 15,2014

Tags: banking, Business, finance, Metropolitan Bank, Mississippi, Ridgeland

Federal Reserve banks in Atlanta and St. Louis, both of which have Mississippi jurisdictions, report modest gains in economic activity since mid July. Reporting in the Federal Reserve’s Sept. 4 Beige Book, the Atlanta Fed said business optimism for 2014 exceeds actual gains to this point. “Regardless of the outlook, most firms continue to be […] [...]

Bigger looks better for Mississippi’s banks

by Published: September 15,2014

Tags: banking, Business, finance, Mississippi

Mississippi’s banks netted profits of $369 million in the second quarter, but the state’s small banks with less than $100 in assets continued a two-year decline in profits, the Federal Deposit Insurance Corp. reports. While banks above $100 million in assets earned nearly $100 million more over the same quarter last year, going from $266 […] [...]

BLACKWELL: Passing on financial wisdom to your children

by Published: September 4,2014

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

The time of year when children head back to school provides an excellent opportunity to evaluate what they are learning — and what we are teaching them. As parents and grandparents, we teach them to read and write, to wash the car and mow the lawn, to bait a hook and build a fire. We […] [...]

BancorpSouth opens another office in Texas

TUPELO — BancorpSouth Bank, subsidiary of BancorpSouth Inc., has opened a loan production office in Sugar Land, Texas. BancorpSouth’s new office is located at 8410 Highway 90A, Suite 100 in Sugar Land. BancorpSouth Bank currently operates 19 full-service banking locations in East Texas with almost $1 billion in net loans and more than $800 million […] [...]

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