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Banking & Finance

Matt Legg joins Renasant as VP

Matt Legg has joined Renasant Corp. Asset Management as vice president and client portfolio manager, where he will be responsible for business development and client relationships throughout the Tupelo-based bank’s markets. Legg earned his M.B.A from the Manderson School at the University of Alabama and his B.S in Agribusiness with an emphasis on economics from Mississippi State University. Legg also ...

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Trustmark garners award

Trustmark received the 2014 Corporate Social Responsibility Award, presented by the Financial Services Roundtable. The award was given to FSR member companies who demonstrated a commitment to strengthening the communities in which they serve through leadership, voluntarism, monetary contributions and promotion of financial literacy education. Trustmark, along with 22 other FSR member companies, was the recipient of this prestigious award ...

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COMMERCIAL FINANCE 701 — Appraisals, cap rates & loan dollars


An appraisal is one of the most significant obstacles to a competent developer’s obtaining a commercial loan.  Once received, the anticipated appraisal chiefly goes unread – except for a few critical numbers.  This article discusses appraisals, cap rates and loan dollars. What is an appraisal? Not surprisingly, the feds have their own definition of “appraisal.”  At 12 CFR 225.62, the ...

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Bankers urge Congress to halt easing of credit union business loan rules


  By TED CARTER  The National Credit Union Administration is usurping Congress in its proposal to loosen restrictions on credit union business lending, the nation’s two major banking advocacy organizations say. Banks and the tax-exempt credit union industry have decades of strife behind them. But after the banking crisis of the last decade and the stringent regulations that followed it, ...

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Credit union regulator moving to ease business lending rules


By TED CARTER Lawyers for the credit union industry say the National Credit Union Administration’s proposal to loosen business lending rules for the industry amount to a deserved removal of its training wheels. Bankers, to the surprise of no one, including the membership of the Mississippi Bankers Association, are not happy. They see the proposals as an encouragement for reckless lending ...

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Keesler Federal Credit Union branching out


By LISA MONTI  Branching out into new markets, including Louisiana, is part of the strategy that has helped make Keesler Federal Credit Union the largest in Mississippi. Founded in 1947, the Biloxi-based credit union has $2.2 billion in assets. The new markets have increased the credit union’s membership and loans, said Sharon Keller, vice president of marketing. Wherever its branches ...

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MARK BLACKWELL — Rising rates and falling markets?


Two points of prevalent financial wisdom are that (1) after nine years without a rate hike, the Fed will begin a long process of nudging interest rates higher by raising the Fed Funds Rate in September and that (2) rising rates will trigger a decline in stock and bond markets.  Neither is a foregone conclusion. In two consecutive days in ...

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Medley & Brown in Top 300

Medley & Brown, LLC, has been named to the Financial Times 300 Top Registered Investment Advisers, as of June 18. The list recognizes top independent RIA firms from across the U.S., and Medley & Brown, LLC, is the only firm selected from Mississippi. This is the second annual FT 300 list, produced independently by the FT in collaboration with Ignites ...

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Lampkin Butts joins Federal Reserve

Lampkin Butts, president and chief operating officer, Sanderson Farms Inc., has been appointed to the board of directors of the Federal Reserve Bank of Atlanta’s New Orleans Branch. Butts’ term runs through Dec. 31, 2017. Butts is filling an unexpired term. Butts has served as president and chief operating officer of Sanderson Farms Inc. since 2004. He has been with ...

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