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Tag Archives: Aubrey Patterson

More bank lending in 2011? Answer is in bad loan cleanups

Banking Commissioner John Allison says he’s seen signs that may signal turning of corner for Mississippi banking sector Nationally, banks have loosened lending and eased up on an obsession with cleaning up their balance sheets, says Sheila Bair, chairman of the Federal Insurance Deposit Corporation. Some of that change could filter down to Mississippi in the weeks ahead, Banking Commissioner ...

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Main Street Matters kicks off with development goal

Effort enlists business leaders to bring more industry and tourism to Main Street communities The Mississippi Main Street Association has launched a five-year economic and community development program for the State of Mississippi dubbed “Main Street Matters.” The initiative to underwrite the effort grew out of ideas and suggestions from nearly 100 business leaders over the past year. Main Street ...

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Memphis Market

BancorpSouth’s Memphis borrowers stayed solvent longer, delaying in loan repairs Regional bank BancorpSouth attributes much of the earnings pain it is enduring today to high-quality big-money borrowers in metro Memphis who ran out of money later in the real estate bust than did others. “Because of borrowers we were dealing with, we dealt with issues in that market later on, but ...

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BancorpSouth back in the black but trouble with bad loans persists

Bank handicapped by increasing loan loss reserves A $32.3-million allocation to cover a $107.1-million increase in non-performing loans took a bite of BancorpSouth Inc.’s third quarter earnings, but Mississippi’s largest headquartered bank returned to profitability in the quarter. The move into the black got an assist from a nearly $10-million income tax benefit and a big bump in mortgage earnings. ...

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FDIC report: State banks under increasing strain

Second quarter numbers show diminishing loan values and a decline in property and building values Second quarter statistics released last Tuesday by the Federal Deposit Insurance Corporation show the increasing strain Mississippi banks are under to set aside money to cover possible loan losses. Banks across the state are sinking tens of millions of dollars into “loan loss allowance” reserves ...

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BancorpSouth in acquiring mode

CEO Patterson tells annual bank conference in Chicago, ‘We are an experienced and proven acquirer.’ BancorpSouth Bank is on the hunt for banks to buy and expects to be a regional leader in acquiring “fatigued” community banks over at least the next 12 to 18 months. BancorpSouth chairman and CEO Aubrey Patterson made note of the regional banking company’s ambitions ...

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Patterson gets Roundtable seat

Aubrey Patterson, chairman and CEO of BancorpSouth, has been named to the board of directors of The Financial Services Roundtable. Patterson joins 10 other banking executives from throughout the nation named to the board. The Financial Services Roundtable represents 100 of the largest integrated financial services companies providing banking, insurance, and investment products and services to the American consumer. Member ...

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