Posts Tagged ‘loan’

Power plant lands $181M loan from USDA

BATESVILLE — The U. S. Department of Agriculture is providing a loan for work at an electric power generation facility in Panola County. The federal agency Friday announced in a news release that it is providing $181 million to the South Mississippi Electric Power Association. The money will be used to purchase two natural gas-fired […] [...]

SBA approves new Community Advantage lender

GULFPORT – The U.S. Small Business Administration (SBA) has approved Gulf Coast Renaissance Corporation (GCRC) as a lender in the Community Advantage Loan program. “This will provide the much needed financing to small businesses in underserved communities in Mississippi to help in their development and growth,” said Janita R. Stewart, district director of the SBA […] [...]

County buys land in industrial park with RDA loan

COLUMBUS — Lowndes County will spend $5.5 million on three tracts of land at the GTR Global Industrial Aerospace Park. County administrator Ralph Billingsley tells The Commercial Dispatch that the county is using money borrowed from the Rural Development Authority in 2011. Billingsley says the county initially borrowed $13 million from the RDA to finance […] [...]

City to take out loan in anticipation of tax collections

NATCHEZ — The Natchez Board of Aldermen voted to take out up to $600,000 in tax-anticipation loan funds to cover mainly payroll expenses until expected tax revenue is collected. The Natchez Democrat reports City Clerk Donnie Holloway told the board yesterday the city needs the funding because the city is currently paying two health insurance […] [...]

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

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. […] [...]

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