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Banking & Finance

State bankers say Trump effect is positive

By CALLIE DANIELS BRYANT Some Mississippi bankers are confident the Trump administration will have a much-needed impact on public banks.  Several have already witnessed a rise in stocks since election day. “The effect (of the new presidential administration) has been extremely positive,” said Hoppy Cole, president and CEO of The First, a national banking association. “We are a publicly-traded company, ...

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US stocks meander as energy companies sink, industrials rise

U.S. stocks are little changed Friday morning after a big gain the day before. Energy companies are falling after one of the largest companies in the industry, Schlumberger, announced lower revenue than investors hoped. Toy maker Mattel is nosediving after it reported a big drop in sales. KEEPING SCORE: The Standard & Poor’s 500 index lost 1 point to 2,354 ...

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Citizens Bank reports net income down for quarter

MBJ staff Citizens Holding Co. of Philadelphia on Thursday reported that net income for the three months that ended March 31 was $1.44 million, or 29 cents per share, down from $1.53 million, or 31 cents per share a year earlier. Net interest income for the first quarter of 2017, after the provision for loan losses, was $6.81 million, approximately ...

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Regions plans $23 million Hattiesburg facility, 90 more jobs

By JACK WEATHERLY Regions Bank announced Monday that it will build a 75,000-square-foot operations center in Hattiesburg at a cost of $23 million and add 90 jobs. The facility will accommodate employees now working in three locations in downtown Hattiesburg, the bank said in a news release. Birmingham-based Regions Financial Corp. is by far the largest bank operating in Mississippi, ...

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Cadence’s Toney honored

Jerry Toney, senior wealth advisor for Cadence Investment Services and Mississippi president for Cadence Bank, was recently recognized as one of the nation’s “Top 100 Bank Advisors” for 2016 by Bank Investment Consultant, a financial services industry magazine. Toney ranked 31st in the annual list, placing among the top 50 for the second consecutive year. Toney is a 1996 graduate ...

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US stock indexes slide in afternoon trading; oil rebounds

U.S. stocks edged lower in late-afternoon trading Tuesday, led by declines in banks and technology companies. Real estate stocks notched the biggest gains. Bond yields fell and the price of gold rose as investors monitored heightened geopolitical tensions. Oil prices recovered after an early slide. KEEPING SCORE: The Standard & Poor’s 500 index fell 7 points, or 0.3 percent, to ...

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Trustmark Corp. completes $23.7 million purchase of Reliance Bank

Jackson-based Trustmark Corp. on Monday said it has completed  its previously announced acquisition of Athens, Ala.-based Reliance Bank for $23.7 million in cash. “We are excited to welcome our newest associates and their customers to the Trustmark family and further expand our franchise in Athens and the surrounding Huntsville area,” said Trustmark President and Chief Executive Gerald R. Host. “Reliance Bank, ...

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Barron’s ranks Finkelberg

Arty Finkelberg, CFA, CFP, Senior Vice President – Investments, of Raymond James & Associates, was recently named to the Barron’s list of America’s Top 1,200 Financial Advisors.  The 2017 list draws from all 50 states, plus the District of Columbia. It is the largest, most comprehensive annual advisor list circulated by Barron’s. This is the fourth consecutive year that Finkelberg ...

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Split results for stocks on Syria strike and weak jobs gains

Following a somewhat disappointing jobs report and U.S. missile strikes against Syria, stocks aren’t much changed Friday as investors buy gold and high-dividend stocks and sell banks and other assets. Defense contractors are making substantial gains and the price of oil is rising. KEEPING SCORE: The Standard & Poor’s 500 held steady at 2,356 at noon Eastern time. The Dow ...

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Stocks head higher as energy, banks, retailers recover

U.S. stocks are broadly higher Thursday after a sharp drop late in the previous day. Energy companies are rising with the price of oil and retailers are up after a series of strong sales reports. Banks are also climbing as bond yields rise. KEEPING SCORE: The Standard & Poor’s 500 index added 8 points, or 0.4 percent, to 2,361 as ...

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