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Banking & Finance

Barbour proposes DBCF, SoS merger

JACKSON — The Department of Banking and Consumer Finance (DBCF) has mostly hummed along in obscurity, but it’s one of several agencies Gov. Haley Barbour has proposed for merger in his budget recommendation. Barbour wants the DBCF to become a part of Secretary of State Delbert Hosemann’s office, in a move Barbour says will eliminate duplication of services. Hosemann’s auditors ...

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Fall in credit card delinquency leads nation

TransUnion.com has released the results of its analysis of trends in the credit card lending industry for the third quarter of 2009. The report is part of an ongoing series of quarterly consumer lending sector analyses focusing on credit card, auto loan and mortgage data available at www.transunion.com/trenddata. Information for this analysis is culled quarterly from approximately 27 million anonymous, ...

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SBA names top-performing lenders

AROUND MISSISSIPPI — The Mississippi U.S. Small Business Administration District Office (SBA) has named its 2009 top-performing lenders. SBA tracks and ranks lenders in four categories: Lenders by Loan Volume (Number of Loans); Lenders by Dollar Volume of Loans; Certified Development Companies (CDC) by Loan Volume; and, Certified Development Companies by Dollar Volume of Loans. SBA Lender awards recognize the ...

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Mississippi banks remain in good health

A conservative approach has served them well   A conservative culture and a tendency to conduct business with people they know have helped Mississippi-based banks stay in good health through the national recession. “On average, the State of Mississippi’s banks are doing better than the rest of the country,” said Dr. Ken Cyree, dean of the University of Mississippi’s School ...

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Is is safe to go back in the water?

Taking a balanced approach seems to be the key as investor think about sticking a toe in the water   With the stock market beginning to return to normal levels — and even hitting a 13-month high on Nov. 16 — investment advisors have new strategies for those re-entering the market. Ike Trotter, a financial advisor with his Eponymous Agency ...

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Baxter has a long, storied past with Hancock

    John Baxter’s family has employment ties to Hancock Bank dating to 1919, and that was a key reason he chose to join the Gulf Coast bank in 1996 — on the very day that happened to be the bank’s 96th anniversary.   Baxter grew up in New Orleans and in Bay St. Louis, where he attended Saint Stanislaus ...

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Barron sees positives in economy

JACKSON — Patrick K. Barron isn’t an odds maker or a betting man, but as first vice president and COO of the Federal Reserve Bank of Atlanta, he’ll wager that the American economy will recover from its prolonged slump. In an exclusive interview with the Mississippi Business Journal, Barron expressed optimism regarding the performance of the economy, though he cautioned ...

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BKD cracks national top 10

JACKSON — CCH’s Public Accounting Report has ranked BKD, LLP, the 10th largest CPA and advisory firm in the U.S. BKD currently operates 32 offices in 12 states and employs more than 2,000 professionals. BKD Mississippi was formed when local firms Smith, Turner & Reeves, P.A., Johnson, Bruce & Host, PLLC and Shearer, Taylor & Co., P.A., joined in the ...

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Details of alleged Evans brothers' fraud revealed

Two months after a Madison title insurance company sued two brothers for committing commercial mortgage fraud, banks are scrambling to obtain titles to properties on which they have made loans, and parties are wondering how much the title company may have to pay out. In a Sept. 18 lawsuit in Madison Chancery Court, Mississippi Valley Title Insurance Co. (MVT) alleged ...

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Evans brothers accused of massive fraud

A Madison title insurance company is accusing two brothers of committing mortgage fraud and leading the title company to issue fraudulent title insurance policies in Madison County and elsewhere in the state. Mississippi Valley Title alleges brothers Charles H. Evans Jr. and Jon C. (Chris) Evans committed mortgage fraud on banks and induced MVT to issue fraudulent title insurance policies. Although ...

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