Home » Tag Archives: banker (page 4)

Tag Archives: banker

Class-action complaint filed over proposed bank merger

KOSCIUSKO and TUPELO — Robbins Geller Rudman & Dowd, LLP of San Diego has started a class action, through an amended complaint filed on April 8 in the United States District Court for the Northern District of Mississippi on behalf of all holders of First M&F Corporation (FMFC) common stock as of Feb. 7, 2013, in connection with the proposed ...

Read More »

Fees will not increase on small loans

JACKSON — Mississippi lawmakers are rejecting a plan to raise fees on loans between $500 and $4,000. On a voice vote, House members rejected Senate Bill 2571, with opponents saying it was immoral to raise interest rates on hard-up borrowers. House members technically sent the bill back for more negotiations, but senators didn’t act, killing the bill. Proponents said loan ...

Read More »

Jackson-based bank buying branch office in Oxford

OXFORD — Trustmark National Bank, a subsidiary of Trustmark Corporation, has signed a definitive branch purchase and assumption agreement pursuant to which it will acquire the two branches of SOUTHBank, F.S.B., serving the Oxford market. The agreement contemplates the assumption of selected deposit accounts of approximately $11.8 million as well as the purchase of the physical branch offices. The proposed ...

Read More »

Bank creates half-billion-dollar loan pool for businesses

TUPELO — BancorpSouth is setting aside a $500 million loan fund aimed at Mississippi businesses, saying it will work with state officials to find qualified borrowers. Gov. Phil Bryant appeared with BancorpSouth executives to laud the move today. The officials spoke at the headquarters of C Spire Wireless, citing the eight-story office building as an example of a project made ...

Read More »

Former teller with drug addiction sentenced for stealing

GULFPORT — A federal judge has sentenced Ashley Ann Keel to 18 months in prison and ordered her to make restitution of the $80,980 she stole when she was vault teller for a Hancock Bank branch in Biloxi. The Sun Herald reports U.S. District Judge Louis Guirola Jr. sentenced Keel yesterday and also ordered drug treatment and three years of ...

Read More »

Emergency loan deadline nearing for victims of Feb. 10 storm

SOUTH MISSISSIPPI — The U.S. Small Business Administration is reminding eligible private non-profit (PNP) organizations in Mississippi of the April 22 deadline to submit disaster loan applications for damages caused by severe storms, tornadoes and flooding that began Feb. 10. The SBA offers low interest disaster loans to private non-profit organizations for physical losses up to its loan limits.  Loan ...

Read More »

Bank raises $20M through private stock placement

HATTIESBURG — The First Bancshares Inc., the parent company of The First, A National Banking Association, has completed a private placement of Series D Nonvoting Convertible Preferred Stock, $1 par value. The First raised $20 million in new capital through a private placement of 1,951,220 shares of its Series D nonvoting convertible preferred stock at a price of $10.25 per ...

Read More »

Locally-owned bank building new regional HQs in La.

LAFAYETTE, La. — Whitney Bank has begun construction on a regional headquarters building to serve the Lafayette, La., Morgan City, La.,  and central Louisiana markets. The Daily Advertiser reports the 20,000-square-foot River Ranch complex will house at least 50 employees and be a focal point of the bank’s business banking, commercial and middle-market lending, investments and trust management, private banking ...

Read More »

Ex-bank teller to repay $117K, gets jail time for theft

PICAYUNE — A former teller at a Picayune bank has been ordered to repay more than $117,000 she helped steal from the bank’s vault over a year’s time. U.S. District Judge Sul Ozerden also sentenced 43-year-old Debra Mitchell, of Carriere, to six months in prison, six months of house arrest and two years of post-release supervision. The Sun Herald reports ...

Read More »

Deadlines approaching for disaster recovery assistance

ACROSS MISSISSIPPI — The U. S. Small Business Administration reports it has approved over $1 million in Disaster Assistance Loans for residents and businesses in South Mississippi affected by the severe storms, tornadoes and flooding Feb. 10-22. The deadline to file an SBA disaster loan application for physical damage is April 15. “Currently 15 disaster loans have been approved in ...

Read More »