Posts Tagged ‘loans’

Bank cooperative sees record earnings — again

AUSTIN, Texas — Farm Credit Bank of Texas (FCBT), a cooperatively owned wholesale bank that provides funding for rural retail lenders, has released preliminary unaudited financial highlights and results for the year ended Dec. 31, 2013, reporting record earnings for the eighth consecutive year. The Austin-based bank reported $179.8 million in net income in 2013, a 3.0 […] [...]

County taking out loan to pay for road projects, equipment

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 […] [...]

FEMA forgives county’s Hurricane Katrina loan

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, […] [...]

All-American completes merger/acquisition with Emergency Cash

by Published: May 28,2012

Tags: acquisitions, lenders, loans, mergers, payday lenders, title loans

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 […] [...]

Deadline nearing for SBA drought-related disaster loans

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 […] [...]

Renasant Corp. expands into East Tennessee

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 […] [...]

Peoples Financial reports increased earnings, decreased loan losses

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. […] [...]

Renasant: Acquisitions, new branches improving bottom line

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 […] [...]

Trustmark’s profits soar on fewer bad loans, Florida acquisition

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 […] [...]

Loan interest legislation dies in Senate committee

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 […] [...]

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