Posts Tagged ‘finance’

BauerFinancial gives Hancock five stars for 100th consecutive quarter

GULFPORT — BauerFinancial Inc. has again awarded a 5-Star Superior rating to Hancock Bank. That recommendation (Bauer’s highest rating) affirms the bank as one of America’s strongest, safest financial institutions for the 100th consecutive quarter — 25 years in a row. BauerFinancial awarded its 5-Star rating to Hancock based on the company’s capital, asset quality, […] [...]

Community Bank breaks ground for new Spillway Road office

BRANDON — Community Bank has broken ground for its newest construction project. The site of new full-service bank office is located at 1871 Spillway Road, next door to the Fresh Market Café. Projected completion date is scheduled for summer of 2015. Fountain Construction Inc. based in Jackson, serves as general contractor for the project, and […] [...]

Hancock selling Whitney Bank branches in Houston

GULFPORT — Hancock Holding Co. says it will sell four Whitney Bank branches in Houston to Community Trust Bank of Ruston, Louisiana. Community Trust Bank will acquire $15 million in loans and $135 million in deposits, pending regulatory approval. The sale is expected to close by the end of March. No purchase price was disclosed. […] [...]

BlueFire looks to China for financing of biofuel plant

FULTON — A California-based biofuel company says the Export Import Bank of China may loan up to $270 million to build a plant in Fulton. BlueFire Renewables Inc. of Irvine, California, says the bank has signed a letter of intent. The U.S. Department of Energy ended funding to BlueFire last year after disbursing $12 million […] [...]

Peoples Bank reports quarterly loss due to bad loans

BILOXI — The parent of The Peoples Bank reported a net loss of $1.8 million for the quarter ending Sept. 30. Peoples Financial Corporation CEO Chevis Swetman says the loss stemmed primarily from issues with two loans. Swetman says the bank’s fundamentals remain sound, though it was forced to write down one loan and move […] [...]

Renasant records highest quarterly earnings in 110-year history

TUPELO — Renasant Corporation saw net income for the third quarter of 2014 increase to $15,535,000, or basic and diluted earnings per share (EPS) of $0.49, as compared to $6,637,000, or basic and diluted EPS of $0.24, for the third quarter of 2013. The company’s balance sheet and results of operations as of and for […] [...]

BancorpSouth’s efforts focused on remediating regulatory concerns

TUPELO — BancorpSouth Inc. saw its net income rise more than 15 percent to $28.8 million in the third quarter, as loans and insurance commission revenue increased. The company reports noninterest revenue was $69.3 million, up from $62.5 million for the year-ago period. Insurance commission revenue played a large role, rising from $23.8 million to […] [...]

JEFFREY GITOMER: What investment in your business are you REALLY making?

”Return on Investment” (ROI) in business is predicated on the ability of the company to deliver as promised in product, profit, and its accompanying service. It’s amazing to me that everyone measures ROI to the penny, and no one measures ROS (return on service) at all. Most companies are too busy pissing their money away […] [...]

Banks may love debit cards more than you

by Published: October 9,2014

Tags: banking, Business, finance, Mississippi, small business

Like banks across the country, in today’s digital world, State Bank & Trust in Cleveland is getting fewer requests for checks. “We don’t order nearly the checks we used to for people,” said Jerry Bullock, president, State Bank & Trust, Cleveland. “Most would rather use a debit card. Just about everyone uses a debit or […] [...]

South Mississippi woman pleads guilty to bank, wire fraud

PICAYUNE — A Picayune woman has pleaded guilty in connection with a fraud scheme in New Orleans. U.S. Attorney Kenneth Polite’s office says 50-year-old Kim Parish entered the plea yesterday to charges of bank fraud and wire fraud. Prosecutors said Parish worked as an accountant for a New Orleans information technology services business, which she […] [...]

« Previous Page Next Page »

Recent Posts

Polls

Should Chris McDaniel run for Lt. Gov. against Tate Reeves

View Results

The MBJ poll should not be considered a scientific one. Results reflect only the opinion of those who participate.

Loading ... Loading ...

Recent Comments