Posts Tagged ‘finance’

Renasant, BancorpSouth acquisitions seen boosting earnings per share

by Ted Carter Published: February 17,2014

Tags: BancorpSouth, banking, Business, finance, Mississippi, Renasant

Analysts see bump-ups in earnings per share from growth achieved by Tupelo’s Renasant Bank through acquisition of M&F Bank of Kosciusko and growth expected by Tupelo neighbor BancorpSouth’s announced acquisitions in Texas and Louisiana. The $5.7 billion Renasant’s first full quarter with M&F was a solid one, Birmingham, Ala.-based Stern Agee reported, citing a .03 […] [...]

PriorityOne to build branches in Collins, Ridgeland

MAGEE — PriorityOne Bank has unveiled plans for expansion in 2014. In 2009, a lot was purchased at the intersection of Highway 98 and Highway 589 in Hattiesburg with the intention of constructing a branch on this site at some time in the future. In addition, property was also purchased in 2013 on the Highway […] [...]

Home Bancorp completes acquisition of B&K

NATCHEZ — Home Bancorp Inc., the Lafayette, La.-based holding company of the 105-year-old Home Bank, has completed its acquisition of Britton & Koontz Capital Corporation, the holding company of Britton & Koontz Bank, N.A. Shareholders of Britton & Koontz will receive $16.14 per share in cash, resulting in an aggregate deal value of $34.5 million. […] [...]

Delta alderman arrested for forging check

BELZONI — According to State Auditor Stacey Pickering, special agents from the Auditor’s Office have arrested Belzoni Alderman Charles Thurman. Thurman has been indicted on one count of uttering forgery by a Humphreys County Grand Jury. Thurman is accused of hiring an unlicensed contractor, George Schroeder, to perform work at City Hall. Following completion of […] [...]

Ruth Montana chosen for VP at Keesler Federal Credit Union

by For the MBJ Published: February 7,2014

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

Ruth Montana has joined Keesler Federal Credit Union as assistant vice president of human resources. Montana has 20 years of experience in all aspects of human resources including employee relations, labor relations, recruitment, compensation and benefits and training. She is a member of the National Society for Human Resource Management and Gulf Coast Human Resource […] [...]

TYLER BALL: Business succession planning: The time is now

by For the MBJ Published: February 7,2014

Tags: Business, economy, education, finance, Mississippi

F amily-controlled businesses comprise between 80-90 percent of all business enterprises in North America (Source: J.H. Astrachan and M.C. Shanker, “Family Businesses’ Contribution to the U.S. Economy: A Closer Look,” Family Business Review, September 2003). And while it is estimated that nearly 40 percent of family businesses are passed successfully to a second generation, only […] [...]

JOHN SCOTT: The three E’s of tax policy are important for all of us

by For the MBJ Published: February 7,2014

Tags: banking, Business, finance, Mississippi

Everyone remembers the so-called three “R’s” of childhood education — reading, writing and arithmetic. A basic and fundamental mastery of each of these was expected of all elementary students. And, in fact, a lack of proficiency in any of these could result in severe and negative repercussions, such as flunking a grade. The Internal Revenue […] [...]

New chairman, CEO among changes imitated in Community Bancshares’ succession plan

by Ted Carter Published: February 7,2014

Tags: banking, Business, finance, Mississippi

The board of directors for Community Bancshares  Inc. has activated  a long-term strategic plan of succession, effective Jan. 1. The plan dictates the upward movement of senior management, which is needed to perpetuate the bank’s business model. In the first phase of this plan, Freddie J. Bagley has been elected to serve as the new […] [...]

The First reports increase in net income

HATTIESBURG — The First Bancshares Inc. (NASDAQ: FBMS), holding company for The First, A National Banking Association, has released its earnings report for the fourth quarter and fiscal year ended Dec. 31, 2013. Net income available to common stockholders for the three months amounted to $1,392,000, or $0.27 per diluted share, compared to $1,062,000, or […] [...]

After review, hospital to declare bankruptcy

NATCHEZ — The Natchez Regional Medical Center plans to file for Chapter 9 bankruptcy. Chief financial officer Charles Mock tells The Natchez Democrat the decision comes after a careful review of the hospital’s finances, which indicated the hospital’s financial liabilities exceed that of its assets by approximately $3 million. Chief executive officer Donny Rentfro says […] [...]

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