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Tag Archives: banking and financing

The First sees quarterly net income soar

HATTIESBURG — The First Bancshares Inc. reported earnings for the quarter ended June 30. The First Bancshares, Inc. also announced a quarterly dividend of $.025 per common share. The record date will be Aug. 13, with a payable date of Aug. 27. Net income available to common stockholders for the three months amounted to $572,000, or $.19 per diluted share, ...

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Peoples Bank's earnings up by 66 percent

BILOXI — Second quarter earnings of Peoples Financial Corporation increased 66 percent over the first quarter of 2010, primarily due to sales of securities, announced Chevis C. Swetman, chairman and CEO of the holding company and its subsidiary, The Peoples Bank. Net income for the quarter ended June 30, totaled $1.446 million, compared to $872,000 for the first quarter of ...

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Class action lawsuit filed against Morgan Keegan

MEMPHIS — A class action lawsuit has been filed against Memphis-based Morgan Keegan alleging that investors in four mutual funds were not informed about risky investments that resulted in $1 billion in losses. The lawsuit claiming violation of federal securities laws was filed in U.S. District Court in Memphis by Labaton Sucharow, LLP, May 19. The states of Mississippi, Alabama, ...

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World markets affected by U.S. banking reform

LONDON — World stock markets fell today as investors fretted about the status of banking reform in the U.S. and awaited confirmation of a rescue package for debt-laden Greece. The British pound slipped amid growing British political and economic concerns. In Europe, the FTSE 100 index of leading British shares was down 11.19 points, or 0.2 percent, at 5,614.46 while ...

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Hancock fund ranks high

GULFPORT — Hancock Holding Company’s Hancock Horizon Diversified International Fund (HHDTX), for which EARNEST Partners is the subadvisor, was ranked in the top one percentile among international large cap blend mutual funds for 2009, according to Morningstar. The trust class had a one-year return of 54.25 percent, compared to the fund’s benchmark, the MSCI ACWI ex US, which returned 41.45 ...

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Bynum meets with President Obama

JACKSON — Bill Bynum, CEO of ECD/HOPE (Enterprise Corporation of the Delta/Hope Community Credit Union), recently participated in a meeting with President Barak Obama to identify innovative ways to boost lending to small businesses and move the economy forward. Bynum joined a select group of 12 leaders from other community development financial institutions (CDFIs) and community banks from across the ...

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