Posts Tagged ‘loan’

Port asks county to borrow for wood pellet facility

PASCAGOULA — The Port of Pascagoula is asking Jackson County to borrow up to $24 million for wood pellet exporting facility. The Port of Pascagoula is preparing a Bayou Casotte berth for a specialized wood pellet exporting facility. The export facility will have silos, an unloading facility for trucks and rail cars and a conveyor […] [...]

Farm Credit Bank sees increase in earnings, loans

AUSTIN, Texas — Farm Credit Bank of Texas (FCBT) reported increased earnings and loan volume in the third quarter. The cooperatively owned funding bank reported net income of $43.5 million for the third quarter of 2013, a 4.7 percent increase from the same period in 2012. Net income for the nine months ended Sept. 30, 2013, was […] [...]

Citizens sees quarterly net income rise, but decrease over nine-month period

PHILADELPHIA — Citizens Holding Company has released the results of operations for the three and nine months ended Sept. 30, 2013. Net income for the three months was $2.009 million, or $0.41 per share-basic and diluted, up from $1.629 million, or $0.34 per share-basic and $0.33 per share-diluted for the same quarter in 2012. Net […] [...]

Swetman: Peoples’ profit ‘not at the levels we would wish’

BILOXI — Peoples Financial Corporation, parent of The Peoples Bank, reported net income of $886,000 for the third quarter of 2013, an increase of 18 percent over the same period a year ago. Earnings year to date in 2013 were impacted in the second quarter by a large loan loss provision mostly related to a […] [...]

Hancock’s profits tumble on expenditure for cost-cutting measures

GULFPORT — Regional bank Hancock Holding Co. said profit in 2013′s third quarter fell 30 percent as its spent $20.9 million on cost-cutting. Hancock, which operates Hancock Bank in Mississippi, Alabama and Florida, and Whitney Bank in Louisiana and Texas, posted quarterly profit of $33.2 million, or 40 cents per share. That’s down from $47 […] [...]

BancorpSouth’s profits rise after cutting costs, bad loans

by Associated Press Published: October 23,2013

Tags: BancorpSouth Inc., bank, banking, finance, financial institution, loan, profit, publicly traded company

TUPELO — Regional bank BancorpSouth Corp. cut costs and bad loans in 2013′s third quarter, as profit increased by 4 percent from the same three months of 2012. BancorpSouth posted quarterly profit of $24.9 million, or 26 cents per share yesterday. That’s up from $23.8 million or 25 cents per share in 2012′s third quarter. […] [...]

Senators calling on USDA to explain decisions on assistance loans

WASHINGTON, D.C. – U.S. Sen. Thad Cochran (R-Miss.), ranking member of the Senate Agriculture, Nutrition and Forestry Committee, and U.S. Sen. Roger Wicker (R-Miss.) have challenged the U.S. Department of Agriculture to explain what they call recent ill-timed decisions regarding marketing assistance loans that are creating financial uncertainty and hardships for farmers and businesses, including […] [...]

Deadline looms for disaster assistance from SBA

SOUTH MISSISSIPPI — The U.S. Small Business Administration is reminding private non-profit organizations (PNPs) in Mississippi that Nov. 19 is the deadline to submit Economic Injury Disaster Loan applications. These loans are available from the SBA for damages caused by severe storms, tornadoes and flooding that began on Feb. 10, 2013. PNPs located in the […] [...]

SBA disaster assistance available due to rain, flooding

ACROSS MISSISSIPPI — The U.S. Small Business Administration announced today that federal economic injury disaster loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes located in Mississippi as a result of excessive rain and flooding beginning Jan. 1, 2013. The disaster declaration […] [...]

City borrowing for convention center improvements

COLUMBUS — The city of Columbus will borrow up to $2.5 million to finance renovations at the Trotter Convention Center. The city council voted to borrow the money from the Mississippi Development Bank. The city also will use in-lieu fees from Columbus Light & Water of about $225,000 a year to service its debt. The […] [...]

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