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Tag Archives: banking and finance

Trustmark Corporation announces 2014 financial results

JACKSON — Trustmark Corporation (NASDAQ:TRMK) reported net income of $28.1 million in the fourth quarter of 2014, which represented diluted earnings per share of $0.42. For the full year 2014, net income totaled $123.6 million, which resulted in diluted earnings per share of $1.83, an increase of 4.6% from the prior year. Trustmark’s performance during 2014 produced a return on average tangible ...

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Community Bancshares still a top destination for borrowers seeking SBA loans

Brandon-based Community Bancshares continues to run far ahead of other Mississippi banks in the amount of money loaned to businesses through the Small Business Administration. Community Bancshares, the $2.5 billion parent of four separately chartered Community Bank companies based in Biloxi, Ellisville, Brandon and Amory, made slightly more than $47 million in SBA loans from Oct. 1 through Aug. 31. ...

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MBA TURNS 125 — Regulation, technology driving consolidation

As the Mississippi Bankers Association celebrates its 125th anniversary this year, the number of banks in the states has decreased from about 165 to fewer than 100 in the past 30 years, and the spiraling growth of bank regulation could possibly reduce that number even farther. Freddie Bagley, chairman of Community Bancshares Inc., of Brandon and current chairman of the ...

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Trustmark’s military internship program helps military veterans make transitions

Trustmark Bank is recruiting heroes for its military internship program. The bank recognizes the desirable work traits of those who have served in the armed forces and honors their commitment to service. “We are proud to express our gratitude and exercise our commitment to military service by offering professional assistance to former and current military service members through this program,” ...

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MARK BLACKWELL: It’s a matter of trusts

When asked to whom he intended to leave his assets at his death, one of our clients responded, “I plan on spending my last few thousand dollars on my casket.”  Another client quipped, “If I have a nickel left over, then I miscalculated!” Despite the occasional one-liner about spending their children’s inheritance, however, most people tend to have a desire ...

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Banking at the Post Office — Payday lenders more accepting of idea than bankers

The U.S. Postal Service may soon take financial services where traditional banks are no longer eager to be — low- and moderate-income neighborhoods in Mississippi and elsewhere around the country. Savings accounts, debit cards and small loans would become as common place at some post offices as Forever Stamps and parcel packages. Advocates for people who lack such financial services ...

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Former contractor's federal bank fraud trial rescheduled

SOUTHAVEN — Former Southaven city contractor James Malcolm Harris Jr., who has business ties to Mayor Greg Davis and was recently indicted on bank fraud charges, has had his federal trial reset for Sept. 9. Harris’ attorney, David Hill, asked the court to delay a March 4 trial, saying they needed more time to prepare the case. The Commercial Appeal ...

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Trustmark completes purchase of Alabama-based bank

JACKSON — Trustmark Corporation has completed its merger with Mobile, Ala.-based BancTrust Financial Group Inc., as well as the merger of BankTrust with and into Trustmark National Bank. Gerard R. Host, President and CEO of Trustmark, stated, “We are delighted to expand the Trustmark franchise across Alabama, including the attractive Mobile, Montgomery and Selma markets, as well as strengthening our ...

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Three more drought-ridden counties eligible for assistance

NORTH MISSISSIPPI — The U.S. Small Business Administration reports federal economic injury disaster loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes located in Alcorn, Benton and Tippah counties as a result of the drought and excessive heat. Under this declaration, the SBA’s Economic Injury Disaster Loan ...

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Southern Bancorp branch earns LEED certification

HERNANDO — Shortly after the opening of the Southern Bancorp Hernando Branch in summer 2011, Southern applied for LEED (Leadership in Energy and Environmental Design) certification. The United States Green Building Council (USGBC) has now awarded the Hernando Branch its LEED Certification – the first LEED Certified bank building in the State of Mississippi, according to Southern. The Hernando Branch ...

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