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Banking & Finance

Trustmark promotes Allen Hart to senior vice president

Trustmark is pleased to announce the promotion of Allen Hart to Senior Vice President at its corporate headquarters in Jackson, where she serves as Underwriting Manager. Allen has 34 years of banking experience and is a graduate of the Mississippi School of Banking. She earned a Master’s degree and a Bachelor’s degree from the University of Mississippi. Allen is active ...

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Mitchener joins BankFirst Financial Services

BankFirst Financial Services recently announced the addition of Grady W. Mitchener as Senior Vice President and Commercial Relationship Manager for the Golden Triangle area. Grady, a Columbus native, has 34 years of banking and lending experience. Mitchener earned a Bachelor of Science degree in business management from Mississippi State University. He is also a graduate of the Mississippi School of ...

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MSU alum Russell joins Nashville firm

Argent Trust Company recently announced that David Russell has joined its Nashville office as vice president and trust officer. Russell, who earned a bachelor’s in banking and finance at Mississippi State University, has more than 34 years in the wealth management industry. Russell is a planned giving specialist, certified financial planner and certified senior advisor. Before joining Argent, Russell served ...

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Rural Lending Co-op hires new credit analyst in Ridgeland office

Southern AgCredit, ACA, a rural lending cooperative, recently hired Melanie Lien as a credit analyst in its Ridgeland administrative office. Lien joins Southern AgCredit with one year’s experience in the finance department of the Madison County School District. Previously, she worked for five years in credit/underwriting at a bank. Lien holds a bachelor’s degree in accounting from Mississippi College. Originally ...

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Feds and Mississippi fight over who should clean up fraud

The U.S. Securities and Exchange Commission and Mississippi’s secretary of state are fighting over who should collect assets and repay victims of a $100 million-plus fraud. Arthur Lamar Adams pleaded guilty last week to one count of wire fraud. Authorities say the 58-year-old Jackson resident persuaded investors to loan him money, promising interest rates of 12 percent to 15 percent ...

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Jury out on whether tax cuts have resulted in more investing

By BECKY GILLETTE The recent GOP tax cuts have put more money in the pockets of some workers who are now having less federal tax deducted from their paychecks. And some taxpayers such as those with Subchapter S corporations might end up with a windfall because of changes in the tax law. It has been estimated that three quarters of ...

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Time to look ahead at 2019 tax year

By CALLIE DANIELS BRYANT Pencils down. Papers filed. Tense shoulders can now relax – we’re a month past the 2018 tax deadline, unless your tax return was smaller than hoped, or worse, you owe IRS.  It’s never too early to plan ahead on how you can have a better tax season by 2019’s deadline, so we spoke to accountants and ...

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Cadence Bank, State Bank Financial Corp. announce merger

Cadence Bank and State Bank Financial Corp. are announcing a merger. Al.com reports that Cadence Bank’s corporate headquarters will move from Birmingham, Alabama, to Atlanta following the merger. The combined company will have about 100 branches serving Texas, Georgia, Florida, Alabama, Tennessee and Mississippi. The deal is expected to be finalized later this year. Al.com reports that Cadence Bank CEO Sam Tortorici ...

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Credit union and loan fund win financial inclusion award

A Mississippi-based credit union and associated loan fund have been named the winner of The Wall Street Journal’s financial inclusion challenge. Hope Enterprise Corp. and Hope Credit Union announced the win last week. Hope operates in Mississippi, Alabama, Arkansas, Louisiana and Tennessee. It was recognized for providing financial services in small towns in the Mississippi Delta that traditional banks have ...

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