Home » Tag Archives: banking (page 4)

Tag Archives: banking

Hancock Bank to celebrate its 115th year in operation

GULFPORT — At the turn of the 20th century, 19 South Mississippians envisioned a bank committed to helping local people succeed. So, with $10,000 in capital and a business plan built on core values, they opened Hancock Bank. On Oct. 9, Hancock Bank will celebrate 115 years of serving the Coast with festivities in Lighthouse Park at the bank’s downtown ...

Read More »

IKE TROTTER: Life insurance is for the living — plan it that way

It has become a custom to write about life insurance concepts during the month of September. The calendar has turned to October, but my annual message is still important. My annual comments are due in great part to the publicity generated by Life Insurance Awareness Month and the great work of the non-profit organization sponsoring it, Life Happens. Simply put, ...

Read More »

S&P continues its 5-year climb

Standard & Poor’s has been a part of the financial landscape for almost 100 years, but in March of 2009, the housing crisis brought both it and its rival Dow to their knees. The S&P Index hit a 13-year  low at 676.53, but that was just the beginning of a five-year run that has recently pushed the Index over 2,000 ...

Read More »

BancorpSouth expands Tennessee footprint with Chattanooga office

TUPELO — BancorpSouth Bank, subsidiary of BancorpSouth Inc., has opened a loan production office in Chattanooga, Tennessee, expanding the bank’s presence into Southeast Tennessee. BancorpSouth’s loan production office is located in downtown Chattanooga at 631 Broad Street and features a team of local lending and support professionals. The office is part of BancorpSouth’s Tennessee Metro Division. BancorpSouth Chairman and Chief ...

Read More »

Fitch Ratings gives Trustmark a 'stable' outlook

JACKSON — Fitch Ratings has affirmed Trustmark Corp.’s (TRMK) ratings at “BBB+”/”F2”. The rating outlook remains “stable”. Fitch wrote: “TRMK’s ‘BBB+’ ratings reflect its good asset quality and the leading market share in TRMK’s home state of Mississippi and growing market share in other parts of the southeastern U.S. Furthermore, Fitch positively views the company’s risk appetite measured by relatively ...

Read More »

Moon issues statement on Congress' Ex-Im Bank vote

JACKSON — Following House and Senate passage of a continuing resolution that temporarily reauthorizes the Export-Import (Ex-Im) Bank, Mississippi Manufacturers Association (MMA) President and CEO Jay C. Moon has issued a statement. “Mississippians, along with others across the nation, have brought to Congress’ attention the vitality of what the Export-Import Bank means to the United States,” Moon said. “Congress has ...

Read More »

Multi-family, health care construction are backbone of mid-range lending

Ben Williams, real estate law specialist and Watkins & Eager managing member, has been hopping the past year helping Mississippi developers put together projects requiring mid-range loans of $5 million to $50 million. But next month? “I’m not prepared to tell you I’ll be busy,” said Williams, who is in his 28th year practicing real estate law in Jackson. Yes, ...

Read More »

Fed’s Beige Book notes moderate economic growth in Mississippi’s 2 districts

Federal Reserve banks in Atlanta and St. Louis, both of which have Mississippi jurisdictions, report modest gains in economic activity since mid July. Reporting in the Federal Reserve’s Sept. 4 Beige Book, the Atlanta Fed said business optimism for 2014 exceeds actual gains to this point. “Regardless of the outlook, most firms continue to be optimistic and expect higher growth ...

Read More »

Bigger looks better for Mississippi’s banks

Mississippi’s banks netted profits of $369 million in the second quarter, but the state’s small banks with less than $100 in assets continued a two-year decline in profits, the Federal Deposit Insurance Corp. reports. While banks above $100 million in assets earned nearly $100 million more over the same quarter last year, going from $266 million to $365 million, small ...

Read More »

A Q&A with the SBA

(Q) Media reports and some surveys in the last six months say it seems business lending is resurgent in most parts of the country.  Would you say that is true for Mississippi small business lending? (A) Yes, there has been a resurgence for small business lending as a whole. Lending in Mississippi thus far this Fiscal Year (October 2013 through ...

Read More »