Posts Tagged ‘financial’

S&P gives city ‘AA-’ long-term debt rating

by Associated Press Published: December 9,2013

Tags: city government, City of Southaven, credit, debt rating, finances, financial, Standard and Poor

SOUTHAVEN — For the third year, Standard and Poor has assigned the city of Southaven an “AA-” long term rating. The Commercial Appeal reports the rating service cited the city’s financial standing as stable and positive. In its recent report issued on Nov. 18, Standard & Poor noted Southaven’s strong economy, budgetary performance and liquidity […] [...]

IKE TROTTER — Weighing in on reverse mortgages

by Ike Trotter Published: November 15,2013

Tags: Business, financial, Greenville, Mississippi

More and more we see on TV or read in the paper about reverse mortgages and the opportunities available for homeowners to “unlock” the equity in their home. I thought it might be helpful to discuss this unique type of home equity loan and the resulting implications they offer to homeowners, particularly those who are […] [...]

Financial firms in competition for hospital trust fund

COLUMBUS — Twelve financial firms have submitted proposals to manage Lowndes County’s $30 million hospital trust fund. The county wants a bigger return on its investment of those funds. Board of Supervisors president Harry Sanders told the Commercial Dispatch that the county hopes the 0.2 percent ($60,000 annually) interest the county has recently earned on […] [...]

Renasant sees quarterly earnings jump

TUPELO — Regional bank Renasant Corp.’s profit rose 26 percent in 2013′s second quarter from the same three months of 2012, as it set aside less for bad loans and increased interest earnings. Renasant said today it posted quarterly profit of $8.02 million, or 32 cents per share, up from $6.35 million or 25 cents […] [...]

Settlement checks coming, but Hosemann ‘disappointed’ in SEC

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 […] [...]

Fitch suspends state’s prepaid college tuition program

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 […] [...]

MDOT awards funds frozen due to mayor’s financial problems

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 […] [...]

Southern AgCredit mailing dividends totaling $6.35M

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 […] [...]

Trustmark signs agreement to buy Florida bank

by MBJ Staff Published: December 1,2011

Tags: banking and finance, Banks, finance, financial, mergers and acquisitions

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 […] [...]

Obama claims victory in financial overhaul bill

by Associated Press Published: June 25,2010

Tags: banking and finance, financial, regulations

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 […] [...]

Next Page »

Recent Posts

Polls

How ready is your business for health care reform?

View Results

The MBJ poll should not be considered a scientific one. Results reflect only the opinion of those who participate.

Loading ... Loading ...

Recent Comments