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Banking & Finance

Mississippi bank to buy Louisiana bank for $86M in stock

A Mississippi bank is buying a Louisiana bank. The First Bancshares Inc. of Hattiesburg announced Tuesday that it’s buying FPB Financial Corp. for $86 million in stock. The Hammond, Louisiana-based company owns Florida Parishes Bank, with $383 million in assets and seven offices in the Hammond and New Orleans areas. The First’s would spread its Louisiana footprint, filling a hole ...

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Keesler opens on Lake Harbour Drive

MBJ staff Keesler Federal Credit Union has opened a location on Lake Harbour Drive in Ridgeland. The branch is the first of three that will open in the coming months as the credit union expands its footprint to all three counties in the metro Jackson market. The Ridgeland branch is located at 733 Lake Harbour Drive, next to Newk’s restaurant. ...

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Higher tax withholdings point to more jobs filled; Mississippi sectors index shows gains

By TED CARTER The value of an index tracking Mississippi’s key business sectors rose a full 1 percent in August, maintaining an upward trend that began five months ago, state economists said in the October “Mississippi Business Report.” The growth in value tracked in the Mississippi Lead Index, or MLI, occurred in all sectors other than manufacturing, said Corey Miller, ...

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Mississippi edges back into good graces of bond raters

By TED CARTER Mississippi’s $100 million in raids on its rainy-day fund and cuts of over $200 million in department and agency budgets the last two years showed bond raters the state can be serious about offsetting sagging revenue collections. The reward is a pair of ratings upgrades on around $350 million in 10-and-20-year general obligation bonds, as well as ...

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SBA puts stronger focus on small population areas with Rural Strong Initiative

By BECKY GILLETTE LaRosa The Rural Strong Initiative by the Small Business Administration (SBA) will put a stronger focus on nonurban areas of America, which includes small businesses in those areas throughout the country, said SBA Mississippi District Director Janita Stewart. Stewart said the Rural Strong Initiative Is particularly important for Mississippi with the state being so rural. The SBA ...

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Lifer joins Renasant Bank as VP

Nancy Lifer Renasant Bank is announced that Nancy Lifer has joined Renasant as Vice President and Business Development Officer. Lifer will be responsible for developing and expanding business and personal banking relationships and assisting clients with various financial needs in the Starkville area. Lifer is a graduate of Vanderbilt University with a Bachelor of Science in Economics, and a graduate ...

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BankPlus named one of American Banker’s Best Banks to Work For

BankPlus has been named one of the Best Banks To Work For in 2018 by American Banker. This is the sixth consecutive year BankPlus has been recognized by American Banker in their annual program. The Best Banks to Work For program, which was initiated in 2013 by American Banker and Best Companies Group, identifies, recognizes and honors U.S. banks for ...

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Community Bank hires Hudson

Nikki Hudson Nicki Hudson has been named Business Development Officer for Jones County, where she recently served as Business Development Specialist. A native of Magee, Mississippi, Hudson has been in banking for eight years. In her new role, Hudson will focus on strengthening current customer relationships, cultivating new customer relationships, community involvement, and treasury management. Hudson, is a graduate of ...

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Wes Rouse joins The First, as Senior Vice President

Wes Rouse Wes Rouse, CCIM, recently joined The First, A National Banking Association, as Senior Vice President. Rouse comes to The First after having served in leadership and executive positions in the Hattiesburg banking community for the past eighteen years. Rouse attended the University of Southern Mississippi graduating with a Bachelor of Science in Business Administration and a Masters of ...

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