by Associated Press Published: June 12,2012
Tags: borrowing, county government, equipment, loans, repairs, roadbuilders, roadbuilding, roads, traffic, transportation
WASHINGTON COUNTY — Washington County will borrow $1.5 million to repair local roads and buy road-working equipment, The Delta Democrat Times reports. Supervisor Troy Wesley Sr. says board members did a tour of the county roads about three or four months ago and assessed what roads were in bad shape. Wesley says the county expects [...] [...]
by Associated Press Published: June 11,2012
Tags: borrowing, borrowings, county government, debt, disaster, disaster recovery, emergency management, federal agency, federal government, hurricanes, loan, loan forgiveness, loans, natural disastewr, severe weather, tropical storms, tropical weather, Weather
JACKSON COUNTY — The government has forgiven $10.5 million that Jackson County borrowed after Hurricane Katrina from FEMA’s Community Disaster Loan program. The Sun Herald reports the announcement came today during the county board of supervisors’ meeting. Over the years, the debt had grown to $12.6 million with interest. In a previous round of consideration, [...] [...]
MADISON and BYRAM — All American Check Cashing has completed the merger and acquisition of Emergency Cash of Byram. Terms were not disclosed. This marks the fifth acquisition for All American in the last 12 months and brings the total of payday and title loan locations in Mississippi to over 34. Early this month All [...] [...]
by MBJ Staff Published: May 16,2012
Tags: banking, Banks, disaster recovery, disasters, drought, dry, federal agency, financial institutions, heat, loans, losses, natural disasters, severe weather, small businesses, Weather
ACROSS 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 June 14 is the filing deadline for federal economic injury disaster loans available in Mississippi as a result of the drought and excessive heat that occurred [...] [...]
TUPELO — Renasant Corp. is entering the banking market in east Tennessee. Renasant says the new bank should open in Maryville, Tenn., a suburb of Knoxville, by the end of May. Renasant says in a statement that this is the eighth expansion by the bank in the past year and a half. Renasant is the [...] [...]
by Associated Press Published: May 1,2012
Tags: banking, Banks, earnings, financial institutions, loan losses, loan provisions, loans, net income, profits, publicly traded company
BILOXI — Peoples Financial Corporation, parent of The Peoples Bank, reported net income of $505,000 for the first quarter of 2012, a 15.3 percent increase over the first quarter of 2011. Loan volume increased 5.3 percent over the first quarter of 2011 to $428 million, compared to $407 million in the same period last year. [...] [...]
by Associated Press Published: April 26,2012
Tags: acquisitions, banking, Banks, earnings, expansion, finance, financial institutions, loan losses, loans, mergers, net income, profit, publicly traded company
TUPELO — Renasant Corp. says its acquisitions and new branches are succeeding as it cut bad loans in the first quarter of 2012. The bank said it earned quarterly profit of nearly $6 million, or 24 cents per share. The company earned about $7.5 million, or 30 cents per share, in the same quarter of [...] [...]
by Associated Press Published: April 25,2012
Tags: acquisitions, banking, Banks, earnings, finance, financial institutions, loan provisions, loans, mergers, new income, profits, publicly traded company
JACKSON — Trustmark Corp. said profits rose strongly in the first quarter as the bank set aside less for bad loans and earned a windfall on buying a Florida bank. The bank said it earned $30.3 million, or 47 cents per share, in the quarter that ended March 31. That’s 26 percent higher than the [...] [...]
by Associated Press Published: April 4,2012
Tags: bills, interest rates, lawmakers, laws, legislation, legislators, Legislature, lenders, loans, small loans, state government
JACKSON — A bill that would have allowed small lenders to charge more on certain types of loans died with a yesterday deadline for committee action. House Bill 1396 would have increased the allowable interest rates on loans under $1,500 from 36 percent to 99 percent. Supporters say the measure would have given borrowers a [...] [...]
by Associated Press Published: April 3,2012
Tags: banking, Banks, bill, financial institutions, interest, law, lawmakers, legislation, legislative, legislators, Legislature, lenders, loan companies, loans, state government
JACKSON — Mississippi borrowers could soon pay more for some kinds of loans if lawmakers approve a bill to allow higher interest rates. House Bill 1396 would allow loan companies to charge 99 percent interest for loans up to $1,500. The current cap is 36 percent. It would also change amounts that could be charged [...] [...]
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