by MBJ Staff Published: May 20,2012
Tags: Ashley Witt, banking, Carrie Eason, Chester White, Christine Shoemaker, Contina Graves, Laura Williamson, Martha Vance, PriorityOne Bank, Whitney Barnes
Williamson Shoemaker PriorityOne Bank recently announced the promotion of several bank officers. Christine Shoemaker has been promoted to vice president, special programs manager. Shoemaker joined the organization in 1996, and serves in the bank’s Administration Department. She is active in St. Stephen’s Catholic Church, where she serves as secretary. She is also involved in [...] [...]
One of the financial necessities required in today’s world is good credit. It can make a huge difference when you’re trying to pass muster with a landlord, a lender or even a potential employer. On a numeric grading system, it helps to have a credit score of 740 or better. And while the medium credit [...] [...]
by Associated Press Published: May 18,2012
Tags: banking, Banks, chair, chairmanship, chamber of commerce, chirman, community development, economic development, finance, financial institutions
JACKSON — Jerry Host, president and CEO of Trustmark Corporation and Trustmark National Bank in Jackson, has been elected chairman of the Mississippi Economic Council for the coming year. Host served as MEC’s treasurer from 2008-2010. He joined Trustmark’s Investment Department in 1984 and since then has worked in a variety of positions for the [...] [...]
by MBJ Staff Published: May 16,2012
Tags: banking, Banks, disaster recovery, disasters, drought, dry, federal agency, financial institutions, heat, loans, losses, natural disasters, severe weather, small businesses, Weather
ACROSS MISSISSIPPI — The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes that June 14 is the filing deadline for federal economic injury disaster loans available in Mississippi as a result of the drought and excessive heat that occurred [...] [...]
FLOWOOD and MADISON — Community Trust Bank will break ground on two new banking centers in May. Located in Flowood and Madison, these centers are slated to open in the fourth quarter of 2012. The new Flowood Banking Center groundbreaking will be held May 22 at 203 Promenade Boulevard. The new Madison Banking Center groundbreaking [...] [...]
TUPELO — Renasant Corp. is entering the banking market in east Tennessee. Renasant says the new bank should open in Maryville, Tenn., a suburb of Knoxville, by the end of May. Renasant says in a statement that this is the eighth expansion by the bank in the past year and a half. Renasant is the [...] [...]
by MBJ Staff Published: May 1,2012
Tags: banking, Banks, community development financial insitution, financial institutions, homeowners, homeownership, homes, membership, residences, residential real estate
GULFPORT — Gulf Coast Renaissance Corp. was recently granted membership into the Federal Home Loan Bank of Dallas (FHLB Dallas). According to Renaissance Corp., a nonprofit organization focused on creating affordable homeownership opportunities and stimulating economic development through the small business sector, it is the first non-bank community development financial institution (CDFI) in the state [...] [...]
by Associated Press Published: May 1,2012
Tags: banking, Banks, earnings, financial institutions, loan losses, loan provisions, loans, net income, profits, publicly traded company
BILOXI — Peoples Financial Corporation, parent of The Peoples Bank, reported net income of $505,000 for the first quarter of 2012, a 15.3 percent increase over the first quarter of 2011. Loan volume increased 5.3 percent over the first quarter of 2011 to $428 million, compared to $407 million in the same period last year. [...] [...]
HATTIESBURG — The First Bancshares Inc., holding company for The First, A National Banking Association, reported earnings for the quarter ended March 31, 2012. The First Bancshares also announced a quarterly dividend of $0.0375 per common share. The record date will be May 10, 2012 with a payable date of May 24, 2012. Net income [...] [...]
The year’s first quarter brought BancorpSouth Inc. its best quarterly showing in two years, with the Tupelo-based regional bank reporting net income of $22.9 million, or 25-cents a share. The burden of bad real estate loans also eased during the quarter, according to Aubrey Patterson, chairman and CEO BancorpSouth, a $13 billion banking company with [...] [...]
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