by MBJ Staff Published: November 2,2012
Tags: class action, federal government, finance, financial, ijnvest, investment, investor, lawsuit, settlement, state government
ACROSS MISSISSIPPI — The state securities regulators from Alabama, Kentucky, Mississippi, South Carolina and Tennessee are notifying investors entitled to reimbursement from the recent Morgan Keegan settlement that their states’ fund distribution checks will be mailed Nov. 5. A.B. Data, Ltd., as the fund administrator, will be mailing checks to all investors who filed an [...] [...]
by Associated Press Published: September 19,2012
Tags: college, finance, financial, Higher Learning, prepaid, state agency, state government, suspend, suspension, tuition, university
JACKSON — State Treasurer Lynn Fitch has told lawmakers that she suspended the state’s prepaid college tuition program because it is struggling financially and an audit will show whether it needs to be overhauled or scrapped, as many other states with similar programs have done. Fitch appeared yesterday before the Joint Legislative Budget Committee. Until [...] [...]
by Associated Press Published: August 22,2012
Tags: audit, auditor, bench, city, courts, executive, financial, funding, garnishment, infrastructure, judge, mayor, misappropriation, municipality, park, road, salary, state agency, street, tax, taxpayer, transportation, travel
SOUTHAVEN — Southaven is getting $850,000 to link the city’s two largest parks with a bike path and walking trail after learning state officials have released the funds that had been frozen because of Mayor Greg Davis’ financial problems. The Commercial Appeal reports aldermen learned yesterday the enhancement grant for the nearly three-mile trail between [...] [...]
by MBJ Staff Published: February 21,2012
Tags: Banks, borrowers, crdit union, credit, customers, dividends, financial, financial institutions, financing, patronage
RIDGELAND — The Southern AgCredit board of directors recently approved a patronage dividend for borrowers based on the financing cooperative’s solid 2011 earnings. Checks are being mailed to customers in mid-February. Southern AgCredit customers will receive a check for their portion of the $6.35 million cash patronage, plus a statement detailing their share of the [...] [...]
JACKSON — Trustmark Corporation has signed a definitive agreement to acquire Panama City, Fla.-based Bay Bank & Trust Co. Under terms of the definitive agreement, the transaction is valued at $22 million, with $10 million of the consideration to be paid in cash and $12 million to be paid in common stock of Trustmark. The [...] [...]
WASHINGTON — President Barack Obama declared victory today after congressional negotiators reached a dawn agreement on a sweeping overhaul of rules overseeing Wall Street. Lawmakers shook hands on the compromise legislation at 5:39 a.m. after Obama administration officials helped broker a deal that cracked the last impediment to the bill — a proposal to force [...] [...]
Taking a balanced approach seems to be the key as investor think about sticking a toe in the water With the stock market beginning to return to normal levels — and even hitting a 13-month high on Nov. 16 — investment advisors have new strategies for those re-entering the market. Ike Trotter, a financial [...] [...]
JACKSON — The CPA firm GranthamPoole has created a specialized team of financial advisors to serve the accounting needs of not-for-profit organizations, including governmental entities, 501(c)3 charities and school districts. The Non-Profit Team consists of eight tax professionals with a combined 90 years of professional experience working with a wide range of non-profit entities. Led [...] [...]
Regions Bank has named Gary Sparkman community banking relationship manager in Tupelo. In this position, the 21-year banking and financial services veteran is responsible for developing relationships with commercial banking customers throughout the region, and managing lending relationships that range from $500,000 to $10 million and incorporate a wide array of deposit products and financial [...] [...]
Tupelo — During the second quarter of 2009, BancorpSouth Inc. recorded net income of $33.9 million, or $0.41 per diluted share, compared to $40.1 million, or $0.49 per diluted share, for the second quarter of 2008. The financial institution also reported growth of net loans and leases by 3 percent from the second quarter of [...] [...]
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