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Tag Archives: finance

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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Renasant customers get new quick payment app

By DENNIS SEID / Daily Journal Waiting for money to show up in your account – or a merchant’s account – doesn’t always have to take a few days. Digital P2P, or Peer-to-Peer, payment systems like PayPal, Venmo and Square aren’t new, but the transfer of money isn’t instantaneous. But a new system, Zelle, promises to have the exchange done ...

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Change is theme of 130th Mississippi Bankers Association Convention

By BECKY GILLETTE A lot has changed in the banking world since the Mississippi Bankers Association (MBA) held its first convention 130 years ago. The theme of the recent 130th annual convention of the MBA held at Sandestin Resort in Destin, Fla., May 9 to May 12 was “Changes in Latitude, Changes in Attitude” reflecting the many significant changes and ...

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Feds and Mississippi fight over who should clean up fraud

The U.S. Securities and Exchange Commission and Mississippi’s secretary of state are fighting over who should collect assets and repay victims of a $100 million-plus fraud. Arthur Lamar Adams pleaded guilty last week to one count of wire fraud. Authorities say the 58-year-old Jackson resident persuaded investors to loan him money, promising interest rates of 12 percent to 15 percent ...

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Cadence Bank, State Bank Financial Corp. announce merger

Cadence Bank and State Bank Financial Corp. are announcing a merger. Al.com reports that Cadence Bank’s corporate headquarters will move from Birmingham, Alabama, to Atlanta following the merger. The combined company will have about 100 branches serving Texas, Georgia, Florida, Alabama, Tennessee and Mississippi. The deal is expected to be finalized later this year. Al.com reports that Cadence Bank CEO Sam Tortorici ...

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Credit union and loan fund win financial inclusion award

A Mississippi-based credit union and associated loan fund have been named the winner of The Wall Street Journal’s financial inclusion challenge. Hope Enterprise Corp. and Hope Credit Union announced the win last week. Hope operates in Mississippi, Alabama, Arkansas, Louisiana and Tennessee. It was recognized for providing financial services in small towns in the Mississippi Delta that traditional banks have ...

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PONZI POINTS: Notable from the charging document

Allegations from the criminal information filing against Arthur Lamar Adams: » Adams ran the Ponzi scheme from early 2011 through April of this year, prosecutors say. » Adams kept the scheme going by paying earlier investors with money collected from new investors, prosecutors say. “Adams lulled and persuaded investors to maintain their investments and to invest additional funds by timely paying ...

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Hancock Bank and Whitney Bank are now Hancock Whitney Bank

  By BECKY GILLETTE GULFPORT — When Hancock Bank and Whitney Bank merged in 2011, they kept their respective names due to each being so large and well known in their respective markets for nearly 100 years. But now the banks are merging in name, as well.  The banks will be renamed Hancock Whitney Bank on May 25. The bank ...

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