Home » NEWS » Banking & Finance (page 240)

Banking & Finance

ARRA boosts SBA loans

WASHINGTON — Changes under the American Recovery and Reinvestment Act (ARRA) to U.S. Small Business Administration (SBA) loan programs led to a rebound in SBA-backed loans for small businesses and greater access to much-needed capital. Since the ARRA was signed Feb. 17, SBA has supported more than $11.3 billion in lending to small businesses through its two largest loan programs ...

Read More »

Fitch removes negative watch from bonds

JACKSON — Fitch Ratings has affirmed 20 classes of senior bonds, removed the rating watch of “negative” and affirmed seven classes of subordinate bonds issued by Mississippi Higher Education Assistance Corporation (MHEAC) 1999 Trust. The rating outlook remains “stable” for the senior bonds. The actions are based on the improving credit profile of the trust as reflected by the parity ...

Read More »

CMI finally showing significant improvement

COLUMBIA, Md. — The combined Credit Managers’ Index (CMI) of the National Association of Credit Management for September rose to 49.8, bouncing back from a nearly stagnant August on the strength of some dramatic improvements in dollar collections and in reductions in accounts placed for collection and dollar amount beyond terms. September saw the biggest improvement in these sectors in ...

Read More »

Fitch withdraws Entergy ratings

JACKSON — Fitch Ratings has affirmed and simultaneously withdrawn its ratings for Entergy Corp. and its subsidiaries. Fitch assigned Entergy Corp. an issuer default rating (IDR) of “BBB-.” For Entergy Mississippi Inc., Fitch assigned an IDR of “BBB-,” a :BBB+” rating on its first mortgage bonds and “BBB-” to its preferred stock. Other Entergy subsidiaries rated include: Entergy New Orleans ...

Read More »

Economic symposium returning to Coast

BILOXI — The 42nd Hancock Bank Gulf Coast Economic Symposium will be held Oct. 6 from 7 a.m. until 12:15 p.m. at the Mississippi Coast Coliseum Convention Center in Biloxi. This year’s theme is “Gulf South Strong & Proud — Insights for Success.” The event will explore the economic potential and prosperity along the I-10 corridor spanning New Orleans and ...

Read More »

Hosemann calls Stanford meeting

JACKSON — Secretary of State Delbert Hosemann will hold a public hearing regarding Stanford Financial Oct. 5 from 1 p.m.-2:30 p.m. in Room 113 of the Mississippi State Capitol in Jackson. Kentucky Secretary of State Trey Grayson, who also serves as president of the National Association of Secretaries of State (NASS), will be in attendance. In addition, the president-elect of ...

Read More »

UPDATE: Small Miss. banks still not interested in TARP

Washington is considering another round of bank bailouts for banks that were too small or risky for the first disbursement of Troubled Asset Relief Program funds in fall 2008. But “bailout” might not be the right word, since some banks receiving these funds are in good financial standing. Qualifications are vague, but these new funds could go to banks with ...

Read More »

DSU using unique financing for dorm

CLEVELAND — Delta State University will host a groundbreaking ceremony for a new 362-bed residence hall Sept. 23, at 1:30 p.m. at the corner of Maple and Washington streets. The new facility is scheduled to open in the fall of 2010 and will stand where Bond-Carpenter and Whittington-Williams halls once stood on the south side of the campus. Delta State ...

Read More »

Fitch rates Forrest General bonds

HATTIESBURG — Fitch Ratings has assigned an “A” rating to the expected issuance of the $44.99-million Mississippi Hospital Equipment and Facilities Authority’s series 2009 refunding bonds issued for the benefit of Forrest General Hospital (FGH). Fitch also affirms the rating on the hospital’s outstanding series 2007 and 2000 bond issues. The rating outlook is “stable.” Bond proceeds will be used ...

Read More »

Levens takes seat on Hancock board

GULFPORT — Long Beach native Jerry L. Levens, a Mississippi Gulf Coast CPA and certified fraud examiner, has been named to the Hancock Holding Company board of directors. A partner with Alexander, Van Loon, Sloan, Levens & Favre, PLLC, of Gulfport and Wiggins, Levens became a member of the Hancock Bank Mississippi board in May 2008. As a Hancock Holding ...

Read More »