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Banking & Finance

Farese opens another office

RIDGELAND — The Farese Group recently expanded its footprint by opening a new branch in Little Rock, Ark. The expansion will allow the Farese Group to better serve clients in Arkansas and to provide retirement planning services to more employees and retirees in the telecommunications and utilities industries. “The expansion into Arkansas has allowed us to assist new clients in ...

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Enerkem gets financing from ATEL

PONTOTOC — ATEL Ventures, a San Francisco-based provider of secured financing to growth companies, has extended an asset-backed financing facility to waste-to-fuels company, Enerkem. Enerkem of Sherbrooke, Quebec, Canada, develops and produces of advanced biofuels and green chemicals from waste materials. It is currently operating its first commercial-scale plant in Westbury, Canada, and has announced plans to build and operate ...

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Lexaria lands new financing

Lexaria Corp. completed an equity financing and restructuring that will support ongoing operations. After issuing 3.67 million new shares to complete the recent financing and partial debt settlement, Lexaria will have approximately 9.76 million shares issued and outstanding. There are a total of 500,000 stock options issued and outstanding. Lexaria reports its existing wells continue to produce oil at the ...

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SBIC program augmented

WASHINGTON — Small businesses that would otherwise have difficulty securing private equity or venture capital may find funding easier to get as a result of changes made as part of the American Recovery and Reinvestment Act to the U.S. Small Business Administration’s (SBA’s) Small Business Investment Company (SBIC) program. SBICs are privately owned and managed venture capital firms that are ...

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Renasant files with SEC

TUPELO — Renasant Corporation has filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC). The shelf registration statement, once the SEC declares it effective, will allow the company to raise capital from time to time, up to an aggregate of $150 million, through the sale of common or preferred stock, warrants and units or ...

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Medley and Brown ranked again

JACKSON — Medley and Brown, LLC has been recognized by Wealth Manager magazine as one of the nation’s top wealth managers. Medley & Brown said it has now appeared on Wealth Manager’s list of the country’s top wealth managers the last seven years, making it the only Mississippi firm to do so. Selection to the “The 2009 Top Wealth Managers” ...

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Hancock Bank adopts AppOne

GULFPORT — Wolters Kluwer Financial Services announced today that Hancock Bank has joined its AppOne platform, a technology solution that helps connect lenders with automotive dealers and simplify the loan process. With access to AppOne’s network of more than 3,000 auto dealers, Hancock Bank will focus on building relationships with independent auto dealers looking for finance sources within their geographic ...

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Renasant incorporates social media tools

TUPELO — Renasant Bank has officially joined the social media worlds of Twitter and Facebook. Twitter users can follow Renasant at twitter/renasant.com or @renasant and Facebook users can follow the bank through Fans of Renasant Renewal, which is the bank’s ongoing green initiative. “While social sites have been in use for a while, we decided that Twitter and Facebook gives ...

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CMI continues to rise

COLUMBIA, Md. — The latest Credit Managers’ Index (CMI) is holding steady and showing stability in the credit sector. “The data has not yet been enough to push past the point of contraction to expansion, but it is getting ever closer to that point, suggesting that expansion is only a month or two away,” said Dr. Chris Kuehl, the National ...

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Signs, logos change to HOPE

JACKSON — While Hope Community Credit Union (HOPE) and American Savings Credit Union (ASCU) officially merged Jan. 1, 2009, today all ASCU branches in Arkansas, Mississippi and Tennessee will convert their signage to the HOPE name and logo. The two entities said the merger formed a larger, stronger community development financial institution that serves working families throughout the mid-South. The ...

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