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Banking & Finance

BANKERS READY TO BUILD — 200 volunteers from 9 financial institutions to work together at Habitat house


By LISA MONTI  Nine Jackson area financial institutions will join together for the first time as a team to build a Habitat for Humanity Mississippi Capital Area home in a south Jackson neighborhood. The banks all have supported Habitat by building houses, sponsoring events and serving on boards and committees, but this year’s build will be the first time employees ...

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Proposed new federal rules would extend fiduciary laws to 401(k) rollovers


By BECKY GILLETTE Should consumer protection fiduciary laws in place for 401(k) and pension plans be extended to rollovers and IRAs? A proposed new Department of Labor regulations would require all investment advisers to put the financial interests of their clients first when providing 401(k) rollover or IRA investment advice. Supporters say the new rules would save retirement investors about ...

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Butler Snow handles portion of bonds issued for Braves’ new Cobb stadium

Rendering: The Atlanta Braves' new home in Cobb County north of Atlanta will include a mixed-use development.

Ridgeland’s Butler Snow served as bond counsel in Wednesday’s closing on $376.6 million in bonds for construction of the new Atlanta Braves stadium scheduled to open in Cobb County for the 2017 season. Cobb-Marietta Coliseum and Exhibit Hall Authority issued Wednesday’s portion of the bonds. Butler Snow attorneys Lesly Gaynor Murray, Blake C. Sharpton and Ryan L. Pratt handled the transaction.. ...

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COMMERCIAL FINANCE 701 — Construction contracts and risk mitigation

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  A commercial construction project is a multifaceted venture.  The numerous parties, erratic pricing of materials, potential for defects, unpredictable local governments, tight profit margins, and vital financing all contribute to a challenging project.  The parties need a well-drafted construction contract. THE PROCESS Reaching the point of actually needing a construction contract can be exhausting.  Necessary steps include site selection, ...

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A.B. Puckett joins Cadence Bank

A.B. Puckett IV of Columbus has joined Cadence Bank’s local advisory board for Columbus and West Point. Puckett, a native and long-time resident of Columbus, is a manager at Columbus Brick Company. Puckett joins current advisory board members: Drake Bassett, John Brady, Tim Brinkley, Paul Cade, Dr. Helen Campassi, Jack Chilcutt, Todd Davis, Tony Dunser, John “Sonny” Jameson, Dr. Germain ...

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EMV chip offers safe haven from credit, debit card counterfeiting

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By TED CARTER The EMV card era begins officially for the United States on Oct.1, making it the last developed country on Earth to adopt the new generation of payments processing. It’s a case of better late than never for U.S. banks and businesses that expect the European export to put counterfeit credit and debit card fraudsters out of business – ...

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COMMERCIAL FINANCE 701 — Enhancing a title policy with endorsements


Although often overlooked, title policy endorsements are an integral part of a commercial real estate title insurance policy.  These optional add-ons greatly enhance the coverage and protection provided to an insured owner or lender. My law partners Molly Jeffcoat Moody and Ben Williams, the usual authors of this column, discussed in a prior column the differences in title certificates, title ...

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Finkelberg, Rice honored

Arty Finkelberg has been named Barron’s Top 1,200 Financial Advisors for 2015. Finkelberg and partner Joe Rice, were also ranked by the Financial Times of London as Top 400 U.S. Financial Advisors for 2015. Finkelberg and Rice are Senior Vice Presidents of Investments and Managing Directors of Investments for Finkelberg Rice Group of Raymond James. The Barron’s Top 1200 Financial ...

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Lawmakers, small businesses take steps to blunt IRS rule


By JACK WEATHERLY  Lisa Cochran, owner of two hair salon and spa shops called The Studio in Hattiesburg, said that she has been helping her employees for years by contributing $50 a month toward their health coverage premiums. Then she saw an article in the Mississippi Business Journal and has taken steps to avoid a calamity. She realized that she ...

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