Posts Tagged ‘finance’

Deadlines approaching for disaster recovery assistance

ACROSS MISSISSIPPI — The U. S. Small Business Administration reports it has approved over $1 million in Disaster Assistance Loans for residents and businesses in South Mississippi affected by the severe storms, tornadoes and flooding Feb. 10-22. The deadline to file an SBA disaster loan application for physical damage is April 15. “Currently 15 disaster [...] [...]

Bank opens renovated, expanded office in Alabama

by MBJ Staff Published: March 15,2013

Tags: bank, banker, banking, expand, expansion, finance, financial institution, remodel, renovater, renovation

BRANDON — Community Bank has opened an office in Fairhope, Ala. Community Bank has remodeled the office, adding a 24/7 ATM, night depository and drive-through service lane. The new full-service bank is managed by Mark Stejskal. Also, Poenta Luckie, Baldwin County (Ala.) market president, will also be headquartered in this location. [...]

Deadline approaching for SBA disaster recovery assistance

MISSISSIPPI DELTA — The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes that April 8 is the filing deadline for federal economic injury disaster loans available in Mississippi as a result of the drought that began on July 31, [...] [...]

Trustmark selects CONIX’s anti-fraud solution

by MBJ Staff Published: March 11,2013

Tags: bank, banker, banking, computer, finance, financial institution, fraud, software, solution, technology

JACKSON — Trustmark National Bank has added CONIX Systems Inc.’s Fraud Detective solution to the bank’s payment processing operation. Manchester, Vt.-based CONIX says Fraud Detective helps banks and payment processors reduce both risk and cost by improving the speed and accuracy of identifying payment fraud across payment channels. “Trustmark has systematically implemented payment alternatives for [...] [...]

Co-op refunds $12M-plus to member-borrowers

by MBJ Staff Published: March 11,2013

Tags: agriculture, bank, borrow, co-operative, farm, farmer, farming, finance, financial institution, loan, patronage

RIDGELAND — In April, member-borrowers of First South Farm Credit will receive patronage refund checks for 2012 totaling more than $12 million as part of the patronage refund program. Daniel Viator, chairman of the First South board of directors, said, “This is the 18th consecutive year we’ve paid a patronage refund. Over that period of [...] [...]

BancorpSouth rolls out new payroll cards

by MBJ Staff Published: March 7,2013

Tags: bank, banker, bankikng, finance, financial institution, launch, payroll card, product rollout

TUPELO — BancorpSouth, Inc. has launched the BancorpSouth Payroll Card, through its Treasury Management division, designed to be an alternative to traditional check printing for businesses. By going through a Treasury Management representative, employers can set up payroll cards to have a safe, convenient way to electronically pay all employees without having the risk of paper [...] [...]

Moody’s downgrades city’s bond rating

by Associated Press Published: March 7,2013

Tags: bond, bond rating, borrow, city, debt, finance, loan, municipal, municipality

NATCHEZ — The City of Natchez has received a slight downgrade to its bond rating. The Natchez Democrat reports the Moody’s Investors Service downgraded the city’s general obligation bond rating from A1 to A2. City financial adviser Demery Grubbs said the move should have no effect on the city’s capacity to borrow money. He said [...] [...]

Cochran co-sponsors bill streamlining SBA’s response time

WASHINGTON — U.S. Sen. Mary L. Landrieu, D-La., and Sen. Thad Cochran, R-Miss., have introduced a bill designed to make U.S. Small Business Administration (SBA) disaster programs more responsive to the needs of small businesses impacted by disasters. The bill is also co-sponsored by Sen. Kirsten Gillibrand, D-N.Y., and Sen. Mark Pryor, D-Ark. According to [...] [...]

Banks honored for regional small business lending

GULFPORT — Hancock Bank and Whitney Bank have received a combined eight national and regional Greenwich Excellence Awards in Small Business and Middle Market Banking for 2012. According to a news release, the two Gulf South financial institutions were among the top six percent of eligible organizations to earn the coveted Greenwich Associates recognition, which [...] [...]

Deadline approaching for SBA drought-related assistance

DESOTO COUNTY and MARSHALL COUNTY — The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes that March 18 is the filing deadline for federal economic injury disaster loans available in DeSoto and Marshall counties as a result of the [...] [...]

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