Posts Tagged ‘finance’

Regions creates General Bank, Corporate Bank

BIRMINGHAM, Ala. — Regions Financial Corp. (NYSE:RF) has realigned its business units and geographical leadership, creating a General Bank, which consists of the businesses that serve retail, wealth management, and small business customers, and a Corporate Bank, which consists of the businesses that serve middle-market and larger commercial clients. John Owen, head of business lines, […] [...]

Oil exploration company gets $400M from private equity firm

WILKINSON COUNTY — A private equity firm will invest up to $400 million to support efforts by Houston-based Halcón Resources Corp to drill for oil on the 314,000 acres that Halcón has leased in the Tuscaloosa Marine Shale of southwest Mississippi and southeast Louisiana. Halcón said yesterday that it would sell $150 million in preferred […] [...]

MARK BLACKWELL — Is the market rigged?

by Published: June 6,2014

Tags: banking, Business, column, finance, Mississippi

By Mark Blackwell I’ve been asked this question more this year than in my past twenty five years in the financial services industry. Presumably, the question arises because of Michael Lewis’ book Flash Boys, in which he makes the claim that the stock market is, in fact, rigged. His premise is that trading technology has […] [...]

Bankers’ INTEREST means NO INTEREST for Habitat for Humanity

IN 28 YEARS, Habitat for Humanity Mississippi Capital Area has built 590 homes and rehabilitated and/or weatherized more than 155 homes, making it the largest single-family housing developer in Jackson and one of the top Habitat affiliates in the nation. The goal is to help low to moderate income families attain home ownership which in […] [...]

Banking Department looking for new home in metro area

by Published: May 2,2014

Tags: banking, Business, Downtown Jackson, finance, Mississippi

Downtown Jackson could lose a state agency with the pending move of the Mississippi Department of Banking & Consumer Finance from the Woolfolk Building next store to the capital. Banking Commissioner Jerry Wilson said the agency is willing to remain downtown if a suitable space of around 12,000 square feet and 85 parking spaces is […] [...]

Bradley G. Clark promoted by Community Bank in Ellisville

by Published: May 1,2014

Tags: banking, Business, finance, Mississippi, Newsmakers

Bradley G. Clark has been promoted to senior vice president for Community Bank in Ellisville. He joined Community Bank in 2009, and will now support the Ellisville location as office manager. Clark specializes in consumer, commercial and poultry lending. Clark is a 2005 graduate of the University of Southern Mississippi, earning a degree in accounting. […] [...]

Peoples Bank of Puckett promotes Jason Smith

by Published: May 1,2014

Tags: banking, Business, finance, Mississippi, Newsmakers

Peoples Bank has promoted Jason Smith to loan officer at the Puckett Branch. Born and raised in Puckett, after earning his associates degree from Hinds County Community College, Smith joined Byars Appraisal as a licensed real estate appraiser from 1997-2012. He began working at Peoples Bank in 2012 as the real estate officer, located in […] [...]

The First sees earnings increase, declares dividend

HATTIESBURG — The First Bancshares Inc. (NASDAQ: FBMS), holding company for The First, A National Banking Association, has reported earnings for the first quarter ended March 31. Net income available to common stockholders for the three months ended March 31 amounted to $1,321,000, or $0.25 per diluted share, compared to $1,119,000, or $0.35 per diluted […] [...]

Peoples records weaker quarter-over-quarter net income

BILOXI — Peoples Financial Corporation (NASDAQ Capital Market: PFBX), parent of The Peoples Bank, reported net income of $579,000 for the first quarter of 2014. First quarter earnings this year were 4.5 percent below the same period in 2013, but reversed a loss of $883,000 recorded in fourth quarter of 2013 due primarily to a […] [...]

Sledge&Company Financial hires Murray Ann Penn

by Published: April 23,2014

Tags: banking, Business, finance, Mississippi, Newsmakers

Sledge&Company Financial has hired Murray Ann Penn as the new director of operations. Penn earned her bachelor’s degree from the University of Alabama. She then went on to study law at Mississippi College, where she earned her J.D. Her position will entail overseeing client plans, and maintaining a proficient understanding in estate, business and financial […] [...]

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