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Banking & Finance

River trust Federal Credit Union’s Hood inducted into Hall of Fame

Rivertrust Federal Credit Union Board Secretary Lydia Hood has been inducted into the Mississippi Credit Union Hall of Fame. Created in 1993, the Mississippi Credit Union Hall of Fame is the state’s highest credit union honor, recognizing individuals who have devoted their life to the philosophy and success of credit unions at the local, state or national level. Hood began ...

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Trustmark net income rises 11.8 percent for quarter

  MBJ staff Trustmark Corp. reported on Tuesday net income of $24 million, or 35 cents per share, for the second quarter, an 11.8 percent increase beyond $21.5 million, or 32 cents, from the year-earlier period. The results reflect non-routine and one-time gains and losses. Exclusive of those, the Jackson-based holding company registered a $32 million net income, or 47 ...

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Citizens Holding extends repurchase plan

  MBJ staff Citizens Holding Co.’s Board of Directors has authorized the repurchase of up to 200,000 shares of its outstanding common stock over the next 36 months. This new repurchase plan announced Wednesday was approved by the board to replace the plan that will expire Aug. 20. “Our Board of Directors continually looks for opportunities to return value to ...

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Arty Finkelberg named to Financial Times Top 400 list

Arty Finkelberg, CFA, CFP, Senior Vice President – Investments, of Raymond James & Associates, was recently named to the 2017 edition of Financial Times Top 400 Financial Advisers. The list draws from 38 states, plus the District of Columbia, and is what the publication described as the “very best professionals at traditional US broker-dealers.” Finkelberg, also honored by Financial Times ...

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Renasant reports record quarterly income

Renasant Corp. has reported record quarterly net income $25.3 million, up 10.4 percent from $22.9 million a year earlier. Earnings per share were 57 cents, compared with 54 cents for the second quarter of 2016. Renasant announced in January that it was buying Metropolitan BancGroup for $190 million in stock. The Tupelo-based bank said that acquiring Metropolitan’s $1.2 billion in ...

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Medley & Brown named to 2017 Financial Times 300 Top Registered Investment Advisers

Medley & Brown has been named to the 2017 edition of the Financial Times 300 Top Registered Investment Advisers. The list recognizes top independent RIA firms from across the U.S. This is the fourth annual FT 300 list, produced independently by the Financial Times in collaboration with Ignites Research, a subsidiary of the FT that provides business intelligence on the ...

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KEEPING IT TOGETHER — Large mergers take work, communication and similar cultures

By BECKY GILLETTE Mississippi has seen two big mergers of late that affect tens of thousands of employees, customers and patients. Baptist Medical Center of Jackson and Baptist Memorial Health Care of Memphis merged May 1 creating one of the largest healthcare providers in the mid-South — Baptist Memorial Health Care. And Metropolitan Bank merged with one of the biggest ...

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Renasant promotes Jenkins to vice president

Ryan Jenkins has been promoted to vice president for internal audit at Renasant Bank. Jenkins joined Renasant in 2012 and has served in various positions. Jenkins previously was income tax accountant for Fortune 500 Auto Parts retailer, Auto Zone Inc. In his new role, Ryan will be responsible for managing internal audit staff to independently evaluate the adequacy, effectiveness and efficiency ...

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Johnston joins Renasant as corporate relationship officer

Russell Johnston has joined Renasant Bank in Tupelo as a corporate relationship officer. Johnston will be responsible for cultivating and managing relationships with corporate clients in a variety of industries. Johnston is a graduate of North Carolina State University, graduating with a bachelor of science degree in business finance. He received his MBA from the University of South Carolina. He ...

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Settlement shuts down payday lender, cuts fine nearly in half

By TED CARTER All American Check Cashing owner Michael Gray has settled with state banking regulators after years of failed legal appeals over charges his dozens of payday lending stores used illegal loan rollovers to trap borrowers in a cycle of debt. In exchange for Gray dropping further appeals of a license revocation order and civil penalties from the Mississippi ...

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