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Banking & Finance

Arnemann joins Renasant Bank

Natalie Lefoldt Arnemann has recently joined Renasant Bank as Senior Managing Director/SVP in Private Client Services in the Highland Colony Office in Ridgeland. Prior to joining the bank, Arnemann was Vice president with BankPlus in the Private Client department for nine years. Arnemann will be responsible for building relationships and growing the Private Client area within the bank. She attended ...

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First Bancshares continues regional expansion

By JACK WEATHERLY Hattiesburg-based First Bancshares, holding company for The First, has signed an agreement to acquire Tallahassee, Fla.-based Sunshine Financial, parent of Sunshine Community Bank, in a stock and cash deal of about $32 million. The deal is a continuation of First Bancshares plan to grow a territory staked out in 2009, stretching north to Jackson, south to the ...

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Mississippi bank to buy Florida institution for $32M

An acquisitive Mississippi bank is buying a bank in Florida’s capital city. The First Bancshares Inc. of Hattiesburg announced Wednesday that it’s buying Sunshine Financial Inc. of Tallahassee, Florida for $32 million in stock and cash. It owns Sunshine Community Bank, with five offices and $194 million in assets. Stockholders will get 75 percent stock and 25 percent cash. The ...

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Mississippi bank to shift shares to over-the-counter market

A south Mississippi bank will voluntarily shift trading in its stock from a small-company stock market to an over-the-counter exchange. Peoples Financial Corp. Chairman Chevis Swetman says in a statement that directors made the shift to cut costs. The company is the parent of The Peoples Bank, which operates 18 branches and has $657 million in assets. The last day ...

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THE CFO LIFE — Importance of chief financial officers continues to increase

By BECKY GILLETTE The role of chief financial officer has grown in importance in recent years, especially when talking about CFOs for large and\or public companies. “The job is much broader than it once was,” said Burns Chair of Accountancy Dr. Dale Flesher, associate dean, University of Mississippi Patterson School of Accountancy. “If you are talking about a public company, ...

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Hope begins credit union at Provine High School

By JULIA MILLER Hope Federal Credit Union is working toward making the future brighter by providing Provine High School students with the knowledge of financial tools and services that can help them gain success. By opening the first student-run credit union branch in Jackson, it is giving business academy students the opportunity to hone what they have learned in the ...

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Bush serving on national oversight group for the American Heart Association

Dave Bush, Executive Vice President and manager of The First Private Bank, a division of The First, A National Banking Association, has been named to the American Heart Association’s Volunteer Oversight Group for 2017 and 2018. The Volunteer Oversight Group works with Association executive staff to promote volunteerism across the organization’s footprint, which includes the United States, as well as ...

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Keil joins Community Bank as Senior Vice President

Martin Keil recently joined Community Bank as Senior Vice President in the Brandon main office. Keil joins Community Bank with over 27 years of banking experience, most recently with Trustmark. In his new role, Keil will specialize in commercial and construction lending. Keil has earned both his Masters of Business Administration and Bachelor of Science in Business Administration from Mississippi ...

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Chandler Named Associate Vice President at Phi Theta Kappa

Phi Theta Kappa has named Paige Chandler Associate Vice President of Financial Services and Comptroller. Prior to joining the Phi Theta Kappa staff as Director of Financial Services in 2012, Chandler was Director of Finance for Catholic Charities in Jackson. A certified public accountant, she earned a Bachelor of Science in business administration and accounting from Delta State University. Chandler ...

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