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Tag Archives: banking

Trustmark Names Duane A. Dewey Chief Operating Officer

Trustmark Corporation has announced that Duane A. Dewey has been named Chief Operating Officer of Trustmark National Bank effective January 1, 2019. Gerard R. Host, President and Chief Executive Officer, commented, “Duane is a valuable member of our executive team and has a distinguished record of achievement during his 15-year tenure at Trustmark. He understands our customers, markets and culture ...

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Stone making her community a better place to live and work

By CALLIE DANIELS Three years ago, a Memphis native moved for the first time to Tupelo. Not only did she meet and marry her husband, become a mother to two sons: she impacted her community for the better. “I was born and raised in Memphis,” said Tiffany Stone. “I moved here because the job I had at the time was ...

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Mississippi bank to buy Louisiana bank for $86M in stock

A Mississippi bank is buying a Louisiana bank. The First Bancshares Inc. of Hattiesburg announced Tuesday that it’s buying FPB Financial Corp. for $86 million in stock. The Hammond, Louisiana-based company owns Florida Parishes Bank, with $383 million in assets and seven offices in the Hammond and New Orleans areas. The First’s would spread its Louisiana footprint, filling a hole ...

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Higher tax withholdings point to more jobs filled; Mississippi sectors index shows gains

By TED CARTER The value of an index tracking Mississippi’s key business sectors rose a full 1 percent in August, maintaining an upward trend that began five months ago, state economists said in the October “Mississippi Business Report.” The growth in value tracked in the Mississippi Lead Index, or MLI, occurred in all sectors other than manufacturing, said Corey Miller, ...

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SBA puts stronger focus on small population areas with Rural Strong Initiative

By BECKY GILLETTE LaRosa The Rural Strong Initiative by the Small Business Administration (SBA) will put a stronger focus on nonurban areas of America, which includes small businesses in those areas throughout the country, said SBA Mississippi District Director Janita Stewart. Stewart said the Rural Strong Initiative Is particularly important for Mississippi with the state being so rural. The SBA ...

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Credit rater takes brighter view of Mississippi finances

One of the nation’s three main credit rating agencies is feeling a little more confident about Mississippi’s financial picture. Standard & Poor’s Financial Services on Friday removed its negative outlook on Mississippi’s debt, instead raising the outlook to stable. Mississippi remains rated AA by Standard & Poor’s. Credit ratings can influence how much the state has to pay in interest ...

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Renasant nearly a $13 billion bank with latest merger

By DENNIS SEID / Daily Journal TUPELO – In just three years, Renasant Corp.’s assets have more than doubled. Acquisitions have played a large role in that growth, as the parent company of Renasant Bank has merged with four other banks during that time. The most recent is its merger with BrandBank of Georgia. The $452 million deal is the ...

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Leard takes top position with Regions in Jackson

By JACK WEATHERLY Robert Leard Robert Leard has taken the reins of Regions Bank’s operations in metro Jackson. Birmingham-based Regions’ assets stand at $125 billion and it has 1,500 offices across the South, Midwest and Texas. It has 34 branches in the Jackson area banking market (Hinds, Rankin, Madison, Copiah and Yazoo counties) and 126 statewide. Regions does not reveal ...

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Renasant gets approval for Brand Group merger

By DENNIS SEID / Daily Journal TUPELO – Renasant Corp. has received approval from the Federal Deposit Insurance Corp. to complete its proposed merger of Brand Group Holdings Inc. Renasant Corp., the parent of Renasant Bank, announced in March its plans to acquire Brand in a deal valued at about $452.9 million in cash and stock. The merger, expected to ...

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