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Banking & Finance

US stocks jump as tensions with North Korea appear to ease

Stocks are rallying Monday as the tensions between the U.S. and North Korea that flared last week appeared to ease. Technology companies and banks are making some of the largest gains as stocks bounce back from their losses with some of the biggest gains the market has seen this year. All 11 industrial groups in the Standard & Poor’s 500 ...

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US stock indexes edge higher in afternoon trading

Technology companies led U.S. stocks slightly higher in afternoon trading Friday, recouping some of the losses from the day before. Investors welcomed new data showing U.S. inflation at the consumer level inched higher last month, suggesting that the Federal Reserve may be less likely to raise interest rates next month. That weighed on bank shares, which were down the most. ...

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Community Bank promotes Keith to Assistant Vice President

Kirby Keith has recently been promoted to Assistant Vice President at Community Bank of Mississippi. Keith, a native of Decatur, has been with Community Bank for four years. He previously was a loan officer. In his new role, he will continue to manage a loan portfolio as well as oversee daily operations of the Ridgeland office. Keith is a graduate ...

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COMMERCIAL FINANCE 701: The Passing of LIBOR

The death knell for LIBOR officially sounded on July 27, 2017, when the UK’s Financial Conduct Authority broadcast it would cease maintenance of the internationally-used interest rate benchmark beyond December 31, 2021.  The surprise announcement was surprising only as to the timing of the press release and the sunset date.  The Wall Street Journal dissed the rate back in 2008 ...

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Hancock, Whitney Bank again earns BauerFinancial rating

Hancock and Whitney Bank has again earned top ratings from BauerFinancial, Inc., as one of America’s strongest, safest financial institutions. This most recent 4-Star Excellent rating, based on the quarter ending March 31, marks the 111th consecutive quarter —almost 28 years in a row — the Gulfport-based bank has earned BauerFinancial’s recommendation, securing its place among the elite top 20 ...

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BancorpSouth restructuring dissolves bank holding company

By DENNIS SEID / Daily Journal BancorpSouth Inc. is dissolving its bank holding company, merging its operations with its banking subsidiary, BancorpSouth Bank. BancorpSouth will remain a publicly traded company, continuing to be listed on the New York Stock Exchange under its current symbol, BXS. Most banks have bank holding companies, or BHCs, which allow them to enter into non-banking ...

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Magnolia State Bank’s McClellan recognized for forty years in the banking industry

Mike McClellan, Magnolia State Bank’s senior vice president, was recently inducted into the Mississippi Bankers Association Forty Year Club in recognition of his forty years of professional banking achievement in Mississippi. McClellan began his banking career in 1977 as branch manager of the Heidelberg location of Jasper County Bank, now known as Magnolia State Bank. After numerous promotions through the ...

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King to serve on Mississippi Young Bankers Council

Holly Springs banker Jeffrey King has been elected to the Executive Council of the Mississippi Young Bankers, a section of the Mississippi Bankers Association. MYB conducts programs around the state on personal finance and also promotes banker leadership development and involvement in industry affairs. King will coordinate the efforts of the MYB County Chairmen in his area and work to ...

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Alan Hargett elected to Mississippi Bankers Association Board of Directors

Alan Hargett of Indianola has been elected to a 3-year term on the Mississippi Bankers Association Board of Directors. Hargett is executive vice president and chief credit officer of Planters Bank & Trust Company in Indianola. He has 28 years of banking experience, all with Planters Bank & Trust Company. Hargett earned a bachelor of business administration degree in banking ...

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Hughes to serve on Mississippi Young Bankers Council

Pearl banker Brian Hughes has been elected to the Executive Council of the Mississippi Young Bankers, a section of the Mississippi Bankers Association. MYB conducts programs around the state on personal finance and also promotes banker leadership development and involvement in industry affairs. Hughes will coordinate the efforts of the MYB County Chairmen in his area and work to promote ...

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