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Mississippi senator confirms he lost money in fraud scheme

U.S. Sen. Roger Wicker said Thursday that he is among the victims of a Mississippi-based fraud that officials say involved more than $100 million. Wicker, a Republican from Tupelo, told The Associated Press he had invested in what was supposed to be the rights to cut timber. Federal prosecutors charge it was a Ponzi scheme, though, with a Jackson man ...

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PONZI POINTS: Notable from the charging document

Allegations from the criminal information filing against Arthur Lamar Adams: » Adams ran the Ponzi scheme from early 2011 through April of this year, prosecutors say. » Adams kept the scheme going by paying earlier investors with money collected from new investors, prosecutors say. “Adams lulled and persuaded investors to maintain their investments and to invest additional funds by timely paying ...

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Robert S. MacKenzie achieves Circle of Success Recognition

Robert S. MacKenzie, CFP, CRPC, Private Wealth Advisor/Certified Financial Planner professional with MacKenzie & Associates, a private wealth advisory practice of Ameriprise Financial Services, Inc. in Kosciusko has qualified for the company’s Circle of Success annual recognition program and will be honored for this achievement in 2018.

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Hancock Bank and Whitney Bank are now Hancock Whitney Bank

  By BECKY GILLETTE GULFPORT — When Hancock Bank and Whitney Bank merged in 2011, they kept their respective names due to each being so large and well known in their respective markets for nearly 100 years. But now the banks are merging in name, as well.  The banks will be renamed Hancock Whitney Bank on May 25. The bank ...

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HOPE Named Wall Street Journal Financial Inclusion Challenge finalist

HOPE (Hope Enterprise Corporation/Hope Credit Union) has been named a finalist in The Wall Street Journal Financial Inclusion Challenge for its work to bring opportunity to small towns in the Mississippi Delta. HOPE is one of three finalists from more than 120 entries in the first U.S. iteration of the Journal’s Financial Inclusion Challenge. A winner will be selected in ...

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Waycaster a steady hand leading Renasant

TUPELO – For the first time since the turn of the millennium, Renasant Corp. will have a new chief executive. On Tuesday, Mitch Waycaster steps into the role of chairman and CEO of the the financial holding company that is the parent of Renasant Bank. Robin McGraw, who announced a year ago that he would retire from those positions he’s ...

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Bostick named as Market President in Corinth

Renasant Bank is pleased to announce Reid Bostick has been promoted to Market President in Corinth. Bostick will be responsible for managing daily operations and loan portfolios for Renasant’s Corinth and Iuka markets. Bostick joined Renasant in 2011, having previously served as Banking Officer. Bostick is a graduate of Mississippi State University with a Bachelor of Business Administration and a ...

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Griffin promoted to First Vice President

Renasant Bank’s Loan Review Department has promoted Justin Griffin to First Vice President and Loan Review Officer. Griffin will continue his role in Loan Review, including, coordination with Audit Committee, monitoring internal loan risk, collecting action plans, and maintaining the department’s scheduling process. Griffin is a graduate of Mississippi State University with a Bachelor of Business Administration and a graduate ...

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COMMERCIAL FINANCE 701 — A LIBOR Update: Here comes SOFR!

  Following the sounding of LIBOR’s death knell last summer, a flurry of governmental and industry activity culminated in the selection of SOFR as a replacement index rate for commercial loans.  Accordingly, a sequel of our August 2017 column “The Passing of LIBOR” is in order. London Interbank Offered Rate (LIBOR) Recall on July 27, 2017, the Brits prospectively announced ...

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Finkelberg ranked among top advisors by Barron’s and Forbes

Arty Finkelberg, CFA, CFP®, Senior Vice President – Investments at Raymond James & Associates, has been recognized by two national financial publications. Finkelberg was named to the Barron’s list of America’s Top 1,200 Financial Advisors. The 2018 list draws from all 50 states, plus the District of Columbia. It is the largest, most comprehensive annual advisor list circulated by Barron’s. ...

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