by MBJ Staff Published: April 23,2013
Tags: bank, banker, banking, deposit, eartning, finance, financial institution, insurance, law, legal, litigation, loan, mortgage, publicly traded company
TUPELO — BancorpSouth Inc. has released financial results for the quarter ended March 31. Highlights for the first quarter included: • Net income of $20.8 million or $0.22 per diluted share • Mortgage production of $425.9 million and mortgage sales of $445.9 million, which contributed to mortgage lending revenue of $12.3 million for the quarter, [...] [...]
by MBJ Staff Published: April 19,2013
Tags: aid, assistance, bank, banking, disaster, disaster recovery, emergency, entrepreneur, entrepreneurship, federal agency, finance, financial institution, hail, loan, natural disaster, rain, severe weather, small business, storm, tornado, Weather, wind
ACROSS MISSISSIPPI — The U.S. Small Business Administration approves disaster assistance to residents and businesses in several Mississippi counties affected by the severe weather and tornadoes, according to the Mississippi Emergency Management Agency. The declaration covers Noxubee County and the adjacent counties of Kemper, Lowndes, Oktibbeha and Winston. Applicants will be able to apply in [...] [...]
by Associated Press Published: April 19,2013
Tags: bank, banker, banking, board, board of directors, Chief Executive Officer, executive, finance, financial institution, headquarters, move, President, relocate
GULFPORT — Hancock Holding president and CEO Carl Chaney says the board of directors has asked him to move to New Orleans. Chaney tells The Sun Herald the Greater New Orleans represents approximately 41 percent of the company’s balance sheet. He says he plans to move his family in June. John Hairston, CEO and chief [...] [...]
by MBJ Staff Published: April 12,2013
Tags: bank, banker, banking, disaster recovery, drought, dry, emergency, entrepreneur, entrepreneurship, federal afgency, finance, financial institution, heat, loan, natural disaster, small business, Weather
NORTH MISSISSIPPI — 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 May 13 is the filing deadline for federal economic injury disaster loans. These loans are available in Alcorn, Benton and Tippah counties in as a result [...] [...]
by Associated Press Published: April 11,2013
Tags: bank, banker, banking, bench, case, Chief Executive Officer, court, finance, financial institution, fraud, judge, judicial, justice, legal, money laundering, trial
BUDE — The former chief executive officer or a south Mississippi bank has been charged with fraud and money laundering. A criminal information filed in federal court says Larry Barnette Hill was CEO of Peoples Bank of the South in Bude. A criminal information often means a defendant will plead guilty. The document says Hill [...] [...]
by MBJ Staff Published: April 10,2013
Tags: acquisition, attorney, bank, banker, banking, bench, class action, court, finance, financial institution, judge, justice, law, law firm, lawsuit, lawyer, legal, merger, purchase, sale, sell
KOSCIUSKO and TUPELO — Robbins Geller Rudman & Dowd, LLP of San Diego has started a class action, through an amended complaint filed on April 8 in the United States District Court for the Northern District of Mississippi on behalf of all holders of First M&F Corporation (FMFC) common stock as of Feb. 7, 2013, [...] [...]
by MBJ Staff Published: April 5,2013
Tags: campaign, credit union, financial institution, home, homeowner, homeownership, house, marketing, public relations, real estate, residence, resident, residential real estate
JACKSON — HOPE (Hope Enterprise Corporation/Hope Credit Union) has helped launch Home Matters, a national movement to build public support for the concept of homeownership. Home Matters is spearheaded by the National NeighborWorks Association (NNA), a coast-to-coast coalition of housing and community development organizations, other nonprofits, companies and the public at large. The launch took [...] [...]
by Associated Press Published: April 4,2013
Tags: bank, banker, banking, bill, fee, finance, financial institution, lawmaker, legislation, legislative, legislator, Legislature, loan, state government
JACKSON — Mississippi lawmakers are rejecting a plan to raise fees on loans between $500 and $4,000. On a voice vote, House members rejected Senate Bill 2571, with opponents saying it was immoral to raise interest rates on hard-up borrowers. House members technically sent the bill back for more negotiations, but senators didn’t act, killing [...] [...]
by MBJ Staff Published: March 29,2013
Tags: acquire, acquisition, bank, banker, banking, branch office, buy, expand, expansion, finance, financial institution, purchase, sale, sell
OXFORD — Trustmark National Bank, a subsidiary of Trustmark Corporation, has signed a definitive branch purchase and assumption agreement pursuant to which it will acquire the two branches of SOUTHBank, F.S.B., serving the Oxford market. The agreement contemplates the assumption of selected deposit accounts of approximately $11.8 million as well as the purchase of the [...] [...]
TUPELO — BancorpSouth is setting aside a $500 million loan fund aimed at Mississippi businesses, saying it will work with state officials to find qualified borrowers. Gov. Phil Bryant appeared with BancorpSouth executives to laud the move today. The officials spoke at the headquarters of C Spire Wireless, citing the eight-story office building as an [...] [...]
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