by Associated Press Published: February 19,2013
Tags: construction, economic development, employee, employer, energy, grant, incentive, industrial real estate, job, loan, manufacture, manufacturing, Oil, plant, work, worker
NATCHEZ — Economic development authorities were able to secure $1.1 million in grants and rail loans as part of a package to entice Genesis Energy to locate its new loading and unloading terminal in Natchez last year, but in the end that money wasn’t needed. Genesis opened its terminal in the port earlier this year. [...] [...]
by MBJ Staff Published: February 18,2013
Tags: agency, assistance, damage, destruction, disaster recovery, emergency, entrepreneur, entrepreneurship, federal government, loan, loss, natural disaster, small business
SOUTH MISSISSIPPI — U.S. Small Business Administration assistance is now available after the Presidential disaster declaration due to severe storms, tornadoes and flooding that began Feb. 10 in South Mississippi. The disaster declaration covers Forrest and Lamar counties in Mississippi, which are eligible for both Physical and Economic Injury Disaster Loans from the SBA. Small [...] [...]
by MBJ Staff Published: February 8,2013
Tags: bank, banker, banking, damage, disaster, disaster recovery, drought, emergency, entrepreneur, federal agency, loan, loss, natural disaster, small business, Weather
SOUTH MISSISSIPPI — 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 March 12 is the filing deadline for federal economic injury disaster loans available in Mississippi as a result of the drought that began Jan. 3, 2012. [...] [...]
by Associated Press Published: February 8,2013
Tags: appeal, bench, court, crime, decision, federal government, fraud, fraudulent, home, house, judicial, judiciary, justice, law, legal, loan, mortgage, real estate, residential, ruling, scam, scheme
RIDGELAND — A federal appeals panel has upheld the conviction of three people in a Mississippi mortgage fraud scheme that involved more than $10 million in fraudulent loans. Former Ridgeland mortgage broker Mark Calhoun and father-and-son associates J. Larry Kennedy and Keith Kennedy, who operated a mortgage loan closing business, had appealed their 2010 convictions. [...] [...]
by Associated Press Published: February 1,2013
Tags: bank, banker, banking, bench, court, crime, fraud, guilty, judge, judicial, judiciary, justice, loan, plea, real estate, residential, subdivision
OXFORD — DeSoto County developer Chuck Roberts has pleaded guilty in federal court to bank fraud charges. The Commercial Appeal reports Roberts entered his plea at a hearing in Oxford yesterday. He pleaded guilty to one count charging him with submitting fake documents and making false statements to an area bank to get money from [...] [...]
by MBJ Staff Published: January 28,2013
Tags: asset, bank, banker, banking, deposit, earnings, finance, financial institution, financial statement, loan, net income, profit, publicly traded company, record
HATTIESBURG — The First Bancshares Inc. (NASDAQ:FBMS) reports net income of $4,048,000 for the year ended Dec. 31, 2012, which exceeds the previous high of $3,823,000 set in 2007. Net income available to common shareholders increased to $3,624,000, or $1.16 per diluted share, a 43.3 percent increase from the $2,529,000, or $.82 per diluted share [...] [...]
by MBJ Staff Published: January 28,2013
Tags: asset, bank, banker, banking, deposit, finance, financial institution, financial statement, loan, new income, publicly traded company
KOSCUISKO — First M&F Corp. reported 2012 net income of $6.985 million as compared to a net income of $4.373 million for 2011, a 59.7 percent increase. Earnings allocated to common shareholders were $4.919 million, or $0.54 basic and diluted earnings per share, compared to earnings of $2.584 million, or $.28 basic and diluted earnings [...] [...]
GULFPORT — Fourth-quarter profit rose for the parent of Hancock and Whitney banks as merger expenses eased, but it lost money on a loan sale. Hancock Holding Co. posted a profit of $47 million, or 54 cents per share. That’s 147 percent above $19 million, or 22 cents per share, in 2011′s fourth quarter. Analysts [...] [...]
by Associated Press Published: January 25,2013
Tags: bank, banker, banking, bill, check cashing, finance, finasncial institution, legislation, legislative, legislator, Legislature, lend, lending, loan, money, Payday lending, Politics, state government
JACKSON — The Mississippi House has voted to let payday lending businesses keep operating in the state beyond 2015, despite objections by some lawmakers that the shops congregate in poor neighborhoods and take advantage of people who might not be financially savvy. Supporters say the businesses provide easy access to cash for people who might [...] [...]
by MBJ Staff Published: January 24,2013
Tags: asset, bank, banker, banking, deposit, finance, financial instiution, financial statement, loan, loan loss, loan provision, loss, net income, profit
PHILADELPHIA — Citizens Holding Company has released the results of operations for the quarter and year ended Dec. 31, 2012. Net income for the quarter was $1.740 million or $0.36 per share-basic and diluted, down from $1.786 million, or $0.37 per share-basic and diluted for the same quarter in 2011. Net interest income for the [...] [...]
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