Mississippi Business Journal » financial

Settlement checks coming, but Hosemann ‘disappointed’ in SEC

MBJ Staff — Fri, 02 Nov 2012 17:17:11 +0000

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 [...]

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Fitch suspends state’s prepaid college tuition program

Associated Press — Wed, 19 Sep 2012 12:31:21 +0000

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 [...]

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MDOT awards funds frozen due to mayor’s financial problems

Associated Press — Wed, 22 Aug 2012 12:47:33 +0000

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 [...]

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Southern AgCredit mailing dividends totaling $6.35M

MBJ Staff — Tue, 21 Feb 2012 13:48:59 +0000

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 [...]

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Trustmark signs agreement to buy Florida bank

MBJ Staff — Thu, 01 Dec 2011 14:41:05 +0000

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 [...]

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Obama claims victory in financial overhaul bill

Associated Press — Fri, 25 Jun 2010 15:58:18 +0000

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 [...]

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Is is safe to go back in the water?

Laura Smith — Mon, 23 Nov 2009 06:01:19 +0000

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 [...]

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GranthamPoole forms new specialized team

MBJ Newswires — Mon, 10 Aug 2009 19:35:30 +0000

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 [...]

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Sparkman named relationship manager

MBJ Newswires — Mon, 03 Aug 2009 14:20:06 +0000

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 [...]

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BancorpSouth’s earnings dip

MBJ Newswires — Mon, 27 Jul 2009 21:12:29 +0000

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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