Posts Tagged ‘finance’

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 […] [...]

PriorityOne buys mortgage lending offices; forms ‘Delta Division’

MAGEE — PriorityOne Bank has acquired new mortgage lending offices in Greenwood and Greenville, which have been dubbed the “Delta Division” of PriorityOne Mortgage. These offices will give PriorityOne Mortgage the ability to service cities and towns in the Delta region of Mississippi. Robert J. Barnes, president and CEO of PriorityOne Bank, said, “We are […] [...]

BancorpSouth adding to Louisiana footprint with loan production office

TUPELO — BancorpSouth Bank, subsidiary of BancorpSouth Inc., has opened a loan production office in Lake Charles, Louisiana, expanding the bank’s footprint in Southwest Louisiana. BancorpSouth’s Lake Charles office is located at 4660 Lake Street and provides commercial, real estate construction, and residential mortgage lending, together with a range of related banking services. Russell Pawlowski, […] [...]

Fitch wants new financial literacy program for students

TUPELO — State Treasurer Lynn Fitch says she wants to help Mississippi young people become more comfortable with handling their finances. Fitch is pushing a computerized financial literacy program in schools across Mississippi called Treasurer’s Education About Money. “We’re doing this to get them a critical life skill they so need. It’s important that they […] [...]

Jerry Claret joins Nations Equipment Finance

by Published: August 22,2014

Tags: banking, Business, finance, Mississippi

Jerry Claret has joined Nations Equipment Finance, LLC as senior vice president-sales. Claret has over 30 years’ experience in the equipment finance industry, and prior to joining Nations served as business development manager at ENGS Commercial Finance. He previously held positions at Old Florida National Bank, Equify Financial, LLC, People’s United Equipment Finance Corp. and […] [...]

First American Title Insurance Company promotes Jim Nelson

by Published: August 22,2014

Tags: banking, Business, education, finance, Mississippi, news. newsmakers

First American Title Insurance Company has promoted Jim Nelson to vice president and deputy general counsel, operations. Most recently, Nelson served as the vice president and senior operations counsel for First American’s Direct and Agency divisions in the southwest region. In 2007, Nelson returned to First American Title following a six-year term serving as Mississippi […] [...]

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