Posts Tagged ‘finance’

Trustmark sees higher quarterly net income; declares dividend

JACKSON — Trustmark Corporation (NASDAQ:TRMK) reported net income of $29.0 million in the first quarter of 2014, which represented diluted earnings per share of $0.43, an increase of 2.4 percent from the prior quarter and 13.2 percent compared to one year earlier. Trustmark’s performance during the first three months of 2014 produced a return on […] [...]

James Kelly retiring from BancorpSouth

by Published: April 22,2014

Tags: banking, Business, finance, Mississippi, Newsmakers

James Kelley, the president and COO of BancorpSouth since 2000, is retiring from the company on Aug. 15. Clark, the president and CEO of CC Clark, a holding company for several beverage distributors, has been on BancorpSouth’s board since 1996. Clark also is president and CEO of Gulf States Canners, a bottler of soft drinks, […] [...]

BancorpSouth posts healthier quarterly profit

TUPELO — Regional bank BancorpSouth Corp. saw profit rise for the third quarter in a row, jumping 37 percent in 2014′s first quarter from the same three months in 2013. BancorpSouth posted quarterly profit yesterday of $28.4 million, or 30 cents per share. That’s up from $20.8 million or 22 cents per share in 2013′s […] [...]

BLACKWELL: Modern wealth management — Looking at the bigger picture

by Published: April 21,2014

Tags: Business, finance, Mississippi

Anyone who had an investment portfolio five or six years ago understands, at least in a general sense, the nature of market risk.  A position that goes up in value can also go down.  The factors that create the “up” tend to be anticipated — a company increases its earnings or the economy improves, for […] [...]

Tallahatchie General’s listing on auditor’s ‘watchline’ an image set back, CEO says

by Published: April 17,2014

Tags: Business, education, finance, healthcare, Mississippi

It takes time and money to turn around a publicly owned rural hospital’s image once it is seen as troubled and cash-strapped. That’s why the chief administrator of Tallahatchie General Hospital says he fears his work to convince Charleston and the surrounding communities to think differently about Tallahatchie General sustained an unnecessary set back in […] [...]

U.S. credit union assets grow to over $1 trillion but fewer CUs surviving

by Published: April 14,2014

Tags: banking, Business, credit union, finance, Mississippi

Credit union numbers have declined steadily in Mississippi and across the country in the last 25 years. But money is flowing into the surviving ones at increasing amounts. From 2006 to 2010, the number of federally insured credit unions nationally went from 8,362 to 7,339. At the same time, assets ballooned from $710 billion to […] [...]

Keesler Credit Union gaining stake in Jackson with MDOT CU acquisition

by Published: April 14,2014

Tags: banking, Business, finance, Gulf Coast, Keesler, Mississippi

Keesler Federal Credit Union, a $2.1 billion Biloxi-based member institution, has set the stage for entry into the metro Jackson market with acquisition of the $4.8 million Mississippi Department of Transportation Federal Credit Union. The deal closed March 31. Convergence of the operations is to be completed by June 30. Both non-profit entities were among […] [...]

BancorpSouth buying Louisiana-based insurance firm

TUPELO — BancorpSouth Insurance Services Inc., a subsidiary of BancorpSouth Bank, has, signed a definitive agreement to acquire the assets of Lafayette, La.-based Knox Insurance Group, LLC. The transaction is expected to close immediately.  Financial terms of the pending transaction were not disclosed. “The Knox acquisition gives us an opportunity to meaningfully expand our market […] [...]

IKE TROTTER: To Roth or not to Roth

by Published: April 7,2014

Tags: banking, Business, finance, Greenville Ike Trotter, Mississippi

Perhaps some of you struggled through World Literature like I did in school. Frankly, the problem wasn’t my teachers. A lot of it had to do with me and where my mind was at that stage of life. In particular, I remember trudging through Shakespeare’s Hamlet and reciting the well known pronouncement “To be or […] [...]

Regions website provides businesses information

by Published: April 7,2014

Tags: banking, Business, finance, Mississippi, Regions

People running a business are often so busy managing day-to-day operations that it can be difficult to find time to bone up on business issues like strategic planning. But now Regions Bank has partnered with Inc. Magazine and The Build Network to launch a new Commercial Insights website, www.regions.com/commercialinsights, that provides free access to information […] [...]

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