Posts Tagged ‘investing’

Citizens Holding repurchasing up to 200K shares of common stock

PHILADELPHIA — Citizens Holding Company’s board of directors has authorized the repurchase of up to 200,000 shares of its outstanding common stock over the next 36 months. As part of the share repurchase program, shares may be purchased in open market transactions, including through block purchases, through privately negotiated transactions, or pursuant to any trading […] [...]

Community Bank, Pinnacle Trust ink new agreement

BRANDON and MADISON — Community Bank has entered into an agreement with Pinnacle Trust to offer a comprehensive wealth management platform. The new service, named Community Wealth Management, will not only provide investment services but, also asset management, financial planning and trust services. “We are excited that we will be able to provide our customers […] [...]

Bank prices initial public offering at $24 per share

GULFPORT — First NBC Bank Holding Company, the New Orleans-based holding company for First NBC Bank, has priced its initial public offering of 4,166,667 shares of common stock at a price to the public of $24 per share. The common stock has been approved for listing on the NASDAQ Global Select Market, trading under the […] [...]

Woman sentenced for bilking investors for bogus businesses

FAYETTE — A Natchez woman will spend 10 years behind bars for her part in a business scheme that reportedly bilked an investor by never opening the business into which the victim poured their money. The Natchez Democrat reports Emily Sanders was sentenced in Jefferson County Circuit Court to probation for her October conviction on […] [...]

Mississippi gambles on technology developments some deem to be too risky

For years, Mississippi has placed a priority on providing assistance to technology companies to create jobs that pay more than average and help improve the economy of the state. But the failure of some of those start-up companies to get off the ground despite major incentive packages from the state raises concerns. Under the administration […] [...]

Hancock Holding launches new investment fund

GULFPORT — Hancock Holding Company has launched the Hancock Horizon Diversified Income Fund as a new addition to the company’s $1.5-billion family of investment funds. The fund seeks to generate steady income from a combination of financial investments. Hancock Horizon Funds senior vice president and chief investment strategist John Portwood, CFA, said, “This will be […] [...]

Lawmakers urging SEC to appeal decision over Stanford victims’ compensation

WASHINGTON, D.C. — Sen. Thad Cochran (R-Miss.) is supporting a legal appeal to try to overturn a federal court ruling that would deny compensation to victims of the multi-billion fraud perpetrated by the Stanford Financial Group. Cochran is one of 14 senators who have signed a letter encouraging Mary Schapiro, chairwoman of the Securities and […] [...]

Hardy Reed makes magazine’s national ranking of RIAs

TUPELO — Hardy Reed, LLC was recently named a top 50 fastest-growing registered investment advisory firm in the U.S. by FA (Financial Advisor) magazine. Hardy Reed was listed as the nation’s 24th fastest growing RIA. FA’s 2012 RIA ranking is based on voluntary responses from 514 registered investment advisors who completed an online survey. The […] [...]

Molpus Woodlands, Boston firm purchase nearly 2M acres in four states

JACKSON — The Hancock Timber Resource Group of Boston and Jackson-based Molpus Woodlands Group have purchased the 1.88 million acre timberland portfolio of Forest Capital Partners, the companies report. Terms of the transaction were not disclosed. Hancock Timber is acquiring 376,000 acres in Louisiana, 573,000 acres in Oregon, 138,000 acres in Idaho and 264,000 acres […] [...]

Stanford faces sentencing for $7B-plus ponzi scheme

HOUSTON, Texas — If federal prosecutors have their way, former jet-setting Texas tycoon R. Allen Stanford could receive a prison sentence that spans two centuries for bilking investors out of more than $7 billion over two decades in one of the largest ponzi schemes in U.S. history. Calling Stanford a “ruthless predator” who stole from […] [...]

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