Posts Tagged ‘loan’

SBA disaster assistance available as death toll climbs to 14

ACROSS MISSISSIPPI — U.S. Small Business Administration’s Administrator Maria Contreras-Sweet says the SBA is ready to assist businesses after the announcement of the presidential disaster declaration for several counties in Mississippi affected by severe storms, tornadoes and flooding from last Monday’s storms. The disaster declaration covers the counties of Itawamba, Lee, Lowndes, Madison, Rankin, Wayne […] [...]

Peoples records weaker quarter-over-quarter net income

BILOXI — Peoples Financial Corporation (NASDAQ Capital Market: PFBX), parent of The Peoples Bank, reported net income of $579,000 for the first quarter of 2014. First quarter earnings this year were 4.5 percent below the same period in 2013, but reversed a loss of $883,000 recorded in fourth quarter of 2013 due primarily to a […] [...]

Renasant reports better profits after First M&F acquisition

TUPELO — Regional bank Renasant Corp. says profit in 2013′s fourth quarter rose 80 percent in the second period following its takeover of First M&F Corp. Renasant posted quarterly profit yesterday of $13.6 million, or 43 cents per share. That’s up from $7.6 million, or 30 cents per share, in 2013′s first quarter. Because that […] [...]

Trustmark sees higher quarterly net income; declares dividend

JACKSON — Trustmark Corporation (NASDAQ:TRMK) reported net income of $29.0 million in the first quarter of 2014, which represented diluted earnings per share of $0.43, an increase of 2.4 percent from the prior quarter and 13.2 percent compared to one year earlier. Trustmark’s performance during the first three months of 2014 produced a return on […] [...]

BancorpSouth posts healthier quarterly profit

TUPELO — Regional bank BancorpSouth Corp. saw profit rise for the third quarter in a row, jumping 37 percent in 2014′s first quarter from the same three months in 2013. BancorpSouth posted quarterly profit yesterday of $28.4 million, or 30 cents per share. That’s up from $20.8 million or 22 cents per share in 2013′s […] [...]

Deadline approaches for aid to victims of last year’s flooding

ALCORN COUNTY and TISHOMINGO COUNTY — 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 April 28 is the filing deadline for federal economic injury disaster loans. These loans are available in Alcorn and Tishomingo counties in Mississippi […] [...]

KiOR borrows $25M; avoids defaulting on loan

COLUMBUS — Alternative-fuel maker KiOR Inc. has borrowed enough money to keep operating through August. The Pasadena, Texas, company, which has a $225-million plant in Columbus, had warned last month that it had to raise more money for research and plant improvements. KiOR, in a stock filing today, said it had completed a deal to […] [...]

State to borrow $230M for building, economic development

JACKSON — Lt. Gov. Tate Reeves says Mississippi lawmakers have agreed to borrow about $230 million for construction and economic development projects. Saturday was the deadline for House and Senate lawmakers to agree on new bonds. The full House and Senate must still pass the bills and send them to Republican Gov. Phil Bryant. Plans […] [...]

House members add more than $61m to Senate’s bill

JACKSON — Mississippi lawmakers are moving toward negotiations on state borrowing in the 2015 budget year. House members yesterday added $61.2 million before passing Senate Bill 2975. Representatives are seeking $30 million to allow the North Central Mississippi Regional Rail Authority to buy a rail line, $20 million to aid Tupelo’s Cooper Tire and Rubber […] [...]

Report: State could afford to borrow $1.8B over next five years

JACKSON — Mississippi could borrow $1.8 billion to use for new buildings, highways and economic development incentives over the next five years and rising state revenue probably could support that amount of borrowing, a report by Treasurer Lynn Fitch suggests. The Republican state treasurer compiled a debt-affordability study after agencies that rate Mississippi’s bonds said […] [...]

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