Dudley M. Barnes, CFP, financial advisor at Barnes-Pettey Financial Advisors, LLC, an independent registered investment advisor and financial advisor with Raymond James Financial Services, was recently named to Barron’s list “The Top 1,000 Advisors” in the country. The 2013 list, published in February, ranked 1,000 advisors from all 50 states and the District of Columbia. [...] [...]
by Associated Press Published: April 4,2013
Tags: bank, banker, banking, bill, fee, finance, financial institution, lawmaker, legislation, legislative, legislator, Legislature, loan, state government
JACKSON — Mississippi lawmakers are rejecting a plan to raise fees on loans between $500 and $4,000. On a voice vote, House members rejected Senate Bill 2571, with opponents saying it was immoral to raise interest rates on hard-up borrowers. House members technically sent the bill back for more negotiations, but senators didn’t act, killing [...] [...]
KEMPER COUNTY — The Southern Co. has withdrawn plans to seek a federal loan guarantee for the power plant its subsidiary Mississippi Power Co. is building in Kemper County. A spokesman for Atlanta-based Southern says Mississippi Power can borrow money elsewhere at a lower rate than available under the loan from the U.S. Department of [...] [...]
by MBJ Staff Published: March 29,2013
Tags: acquire, acquisition, bank, banker, banking, branch office, buy, expand, expansion, finance, financial institution, purchase, sale, sell
OXFORD — Trustmark National Bank, a subsidiary of Trustmark Corporation, has signed a definitive branch purchase and assumption agreement pursuant to which it will acquire the two branches of SOUTHBank, F.S.B., serving the Oxford market. The agreement contemplates the assumption of selected deposit accounts of approximately $11.8 million as well as the purchase of the [...] [...]
TUPELO — BancorpSouth is setting aside a $500 million loan fund aimed at Mississippi businesses, saying it will work with state officials to find qualified borrowers. Gov. Phil Bryant appeared with BancorpSouth executives to laud the move today. The officials spoke at the headquarters of C Spire Wireless, citing the eight-story office building as an [...] [...]
by Associated Press Published: March 28,2013
Tags: bank, banker, banking, bench, court, crime, drug addicition, finance, financial institution, fine, jail, judge, judicial, judiciary, justice, law, legal, prison, sentence, steal, stealing, teller, theft, thief, vault
GULFPORT — A federal judge has sentenced Ashley Ann Keel to 18 months in prison and ordered her to make restitution of the $80,980 she stole when she was vault teller for a Hancock Bank branch in Biloxi. The Sun Herald reports U.S. District Judge Louis Guirola Jr. sentenced Keel yesterday and also ordered drug [...] [...]
by MBJ Staff Published: March 26,2013
Tags: aid, assistance, bank, banker, banking, damage, destruction, disaster, disaster recovery, emergency, federal agency, finance, financial institution, flood, flooding, hail, loan, natural disaster, rain, storm, tornado, Weather, wind
SOUTH MISSISSIPPI — The U.S. Small Business Administration is reminding eligible private non-profit (PNP) organizations in Mississippi of the April 22 deadline to submit disaster loan applications for damages caused by severe storms, tornadoes and flooding that began Feb. 10. The SBA offers low interest disaster loans to private non-profit organizations for physical losses up [...] [...]
by MBJ Staff Published: March 25,2013
Tags: bank, banker, banking, capital, expansion, finance, financial institution, preferred stock, publicly traded company, share, stock
HATTIESBURG — The First Bancshares Inc., the parent company of The First, A National Banking Association, has completed a private placement of Series D Nonvoting Convertible Preferred Stock, $1 par value. The First raised $20 million in new capital through a private placement of 1,951,220 shares of its Series D nonvoting convertible preferred stock at [...] [...]
by Associated Press Published: March 25,2013
Tags: bank, banker, banking, build, building, construction, finance, financial institution, headquarters, office
LAFAYETTE, La. — Whitney Bank has begun construction on a regional headquarters building to serve the Lafayette, La., Morgan City, La., and central Louisiana markets. The Daily Advertiser reports the 20,000-square-foot River Ranch complex will house at least 50 employees and be a focal point of the bank’s business banking, commercial and middle-market lending, investments [...] [...]
In a recent conversation with John Scott, tax partner and board member for HORNE LLP, we talked about some of the changes that are on the horizon for Mississippi businesses of all sizes in the coming months and years. As Mississippi’s largest CPA firm, HORNE has offices in Mississippi (headquarters), Alabama, Louisiana, Tennessee, and Texas. [...] [...]
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