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Banking & Finance

Karen Dickey earns promotion

Karen Dickey has been promoted to Senior Vice President and Branch Administration Officer for Community Bank, North Mississippi.  She joined Community Bank in 2007, and was most recently a Vice President and Loan Officer. Dickey specializes in relationship management and business development, as well as consumer and commercial lending. Active in the community, Dickey is a member of the Advisory ...

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COMMERCIAL FINANCE 701 — Tax credits: key programs and select acronyms

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T ax credit programs cannot be credited with the conception of the term “acronymophobia” – an irrational fear of acronyms – but the phobic population grows with each new program.  Three popular tax credit acronyms for developers are LIHTC, NMTC and HTC. These letters represent incentive programs, which account for about $8.5 billion of annual U.S. credited federal taxes. All ...

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Young bankers keeping watch on young customers

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By LISA MONTI When Parker England, first vice president of Planters Bank & Trust Co. in Greenville, looks to the future of the banking industry, a couple of things grab his attention. One is finding ways for his bank to make a profit in an increasingly competitive market. The other is providing his customers with what they need and expect in ...

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Keeping your own financial business records might be easier with help from a professional

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By BECKY GILLETTE Most CPAs would prefer their clients use the CPA’s accounting firm to keep financial records. But many individuals and small business owner choose to do their own bookkeeping with a software program that automates accounting functions, and then turn that over to the CPA for purposes such as filing income taxes. Anita Goodrum, CPA, a member, Watkins, Ward ...

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Fitch: Kemper dealt another blow; downgrade pressure looms for Mississippi Power

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NEW YORK — Fitch Ratings sees mounting pressure on Mississippi Power Company’s Issuer Default Rating (IDR) following South Mississippi Electric Power Association (SMEPA)’s decision to terminate the Asset Purchase Agreement (APA) for a 15 percent ownership stake in the Kemper project. Fitch currently rates Mississippi Power’s IDR ‘A-‘ with a Negative Outlook. Fitch believes that finding another partner to replace SMEPA could ...

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ALAN TURNER: Taylor Sledge a rising entrepreneur

Taylor Sledge

Taylor Sledge is one of the group of young, aggressive entrepreneurs who are passionately working to build businesses and create jobs in Mississippi. As Chairman and owner of Sledge & Company, Taylor has built a successful business in the financial services sector.  He started the business eight years ago, when he was just 22, and today, the business has clients ...

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PayPal latest company targeted for CFPB penalties

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By TED CARTER Paypal Inc. is facing a $10 million fine and restitutions of $15 million for signing up users for a Paypal credit card without their knowledge, the U.S. Consumer Financial Protection Bureau says. The global Internet payments and money transfer company is the latest entity in the last couple of weeks to draw the wrath of the CFPB, a ...

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Community Bank adds Bethany and Liles

Bill Bethany has joined Community Bank as an assistant vice president at the Jackson office on Old Canton Road. Bethany has over 10 years’ banking experience and most recently was employed as a branch manager at a regional bank. In his new role with Community Bank, Bethany will assist customers with personal and commercial finance needs. Bethany, an Atlanta native, ...

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Mississippi Young Bankers selects new officers

The Mississippi Young Bankers section of the Mississippi Bankers Association elected new officers and councilmen in March during the MYB Annual Study Conference and Convention in Point Clear, Ala. Officers include: President: Parker England, Planters Bank & Trust Company, Greenville; Vice President:  Kent Mortimer, Bank of Kilmichael, Kilmichael; Treasurer: Wes Rouse, Magnolia State Bank, Hattiesburg New councilmen include: Justin Bobo, ...

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COMMERCIAL FINANCE 701: Basel III, HVCRE & real estate loans

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  Sitting atop the Alps, Switzerland managed to eschew both World Wars, flout the fluctuating Euro, and fleece wide-eyed tourists with opened arms.  Of late, however, the multilingual country has exported more than chocolate: from Lausanne, the controversial Iranian nuclear treaty negotiations, and, more on point for us, from Basel, Switzerland, a series of confounding financial regulations innocuously referred to ...

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