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Tag Archives: Banking & Finance

Mississippi banks continue gains in operating income

Mississippi’s 86 FDIC-insured financial institutions ended the final quarter of 2013 with a year-over-year quarterly gain in operating income of $16 million, joining their counterparts nationally in making gains the FDIC attributed to lower expenses for loan-loss provisions and money put aside for litigation. While the $16 million may seem insubstantial, the $538 million total in net income marks a ...

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MEC disputes DOR’s costs estimate on business tax bills

A price tag of $7.5 million this year and $25 million next year accompany a pair of pro-business tax apportionment bills that have cleared Mississippi’s House and Senate with overwhelming support. The Republican-sponsored measures, HB 799 and SB 2487, force the Department of Revenue’s to justify basing a multistate company’s taxes on revenue generated in the state. The measure also ...

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Expert on airlines predicts Jackson-Evers will keep remaining carriers

The bad news for Central Mississippi air travelers is that Jackson-Medgar Evers International is very unlikely to get a low-cost carrier to fill the void that will be left by Southwest Airline’s June 7 departure. The good news, however, is that the regional airport will keep its remaining carriers – American Airlines (set to merge with U.S. Air Airlines), Delta ...

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BNA Bank hires Colt Doom and Dona Weeden

Colt Doom and Donna Weeden have joined BNA Bank as senior vice president and vice president, loans, respectively. Doom is also a magna cum laude graduate of the Mid South School of Banking in Memphis, and has 24 years of banking experience. He attended Northeast Mississippi Community College, and is a graduate of the University of Mississippi with a bachelor ...

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TROTTER: What lessons can be learned from Detroit?

On July 18, Detroit became the largest American city to file for Chapter 9 bankruptcy. A city once having a population of some 1.8 million has whittled down to less than 700,000. What will happen to the pensions of its 20,000-plus retired public employees? There is for sure the distinct possibility they could be reduced substantially or even eliminated. In ...

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How to benefit from modest estate planning

While only the wealthiest individuals need to invest in “Cadillac” estate planning for the purpose of minimizing estate taxes, many others can benefit from estate planning more on an economy car level. People who need estate planning that might include complicated trusts are those with assets in excess of $5.25 million for an individual or $10.5 million for a married ...

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