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Banking & Finance

Bradley joins Community Bank in Hattiesburg

Todd Bradley has recently joined Community Bank’s Hattiesburg office as Senior Vice President. Prior to joining Community Bank, Bradley was the owner of Floyd’s Formals and also served as a commercial lender and branch manager for Regions. He will manage a portfolio, focusing on growing loans and deposits in the Hattiesburg market, while representing the bank in the community. Bradley ...

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Hankins Joins Peoples Bank, Collins

Josh Hankins has joined Peoples Bank and will serve as a Loan Officer in the Collins Office. Hankins, a lifelong resident of Magee, is a 2013 graduate of Simpson Academy. He attended Copiah Lincoln Community College before transferring to the University of Southern Mississippi, where he completed studies in 2017 with a Bachelor’s degree in Finance. While attending USM, Hankins ...

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Mississippi’s banks, customers feel the changing tech environment

By BECKY GILLETTE The financial services industry as a whole is facing an extraordinarily complex and ever changing technological environment, said Mississippi Bankers Association Chairman Gerard R. “Jerry” Host, who is president and chief executive officer of Trustmark Corporation and Trustmark National Bank. “One challenge I believe is common, not only to the MBA, but to our colleagues in other ...

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Two Mississippians offering ways to help those in bank deserts

By CALLIE DANIELS BRYANT More than 15 percent percent of Mississippians do not have a bank account. Close to a quarter of Mississippians are under-banked, meaning they have limited access to retail banks and credit unions, instead preferring to cash paychecks immediately with a nontraditional financial service. With these statistics biennially reported by Federal Deposit Insurance Corporation, banking branches and Mississippians ...

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Retailers, tech, health care companies lead US stocks higher

U.S. stocks are rising Wednesday as retailers including Urban Outfitters and Target climb. That’s helping retailers recover some of the sharp losses they took a day earlier. Health care and technology companies are also trading higher. Energy companies are lagging the rest of the market as the price of oil turns lower. KEEPING SCORE: The Standard & Poor’s 500 index ...

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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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