by Ike Trotter Published: May 20,2012
Tags: banking, credit score, finance, Ike Trotter
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 Associated Press Published: May 17,2012
Tags: annex, annexation, appropriations, budget, finance, financing, municipal government, real estate, rtaxes, taxpayers
PASCAGOULA — An additional $175,000 will come out of the Pascagoula general fund this fiscal year to finance annexation. The Mississippi Press reports city leaders approved the budget amendment. The city’s plan to annex about 21 square miles east of the city got rolling in fall 2010, and has been a subject of debate ever [...] [...]
by MBJ Staff Published: May 14,2012
Tags: banking, Banks, ceremonies, construction, expansion, finance, financial institutions, groundbreaking, offices
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 [...] [...]
by Associated Press Published: April 27,2012
Tags: acquisitions, banking, Banks, earnings, finance, financial institutions, mergers, net income, profits, publicly traded company
GULFPORT — Hancock Holding Co., which operates Hancock and Whitney banks along the Gulf Coast, said yesterday that it is making progress in digesting last year’s Whitney acquisition. Hancock merged with Whitney in June, making it hard to compare year-earlier results. The bank posted profit of $18.5 million, or 21 cents per share, in the [...] [...]
by Associated Press Published: April 26,2012
Tags: acquisitions, banking, Banks, earnings, expansion, finance, financial institutions, loan losses, loans, mergers, net income, profit, publicly traded company
TUPELO — Renasant Corp. says its acquisitions and new branches are succeeding as it cut bad loans in the first quarter of 2012. The bank said it earned quarterly profit of nearly $6 million, or 24 cents per share. The company earned about $7.5 million, or 30 cents per share, in the same quarter of [...] [...]
by Associated Press Published: April 25,2012
Tags: acquisitions, banking, Banks, earnings, finance, financial institutions, loan provisions, loans, mergers, new income, profits, publicly traded company
JACKSON — Trustmark Corp. said profits rose strongly in the first quarter as the bank set aside less for bad loans and earned a windfall on buying a Florida bank. The bank said it earned $30.3 million, or 47 cents per share, in the quarter that ended March 31. That’s 26 percent higher than the [...] [...]
by Associated Press Published: March 26,2012
Tags: banking, Banks, construction, courts, finance, financial institutions, judges, judicial, judiciary, jury
JACKSON — The Mississippi Supreme Court has upheld its decision to throw out a $3.72 million jury award against Trustmark National Bank in a lawsuit brought by a construction firm. The Clarion-Ledger reports the construction company had accused the bank of improperly giving the state $1 million from the firm’s account. In 2009, A Hinds [...] [...]
by MBJ Staff Published: March 21,2012
Tags: banking, Banks, earnings, finance, financial institutions, income, loan losses, loan provisions, publicly traded company
BILOXI — Peoples Financial Corporation, parent of The Peoples Bank, has revised fourth quarter and 2011 earnings to account for an additional loan loss provision of $660,000, announced Chevis C. Swetman, chairman and CEO of the holding company and the bank. As a result of the revisions, fourth quarter earnings totaled ($622,000) for the fourth [...] [...]
by Associated Press Published: March 20,2012
Tags: acquisitions, finance, finasncing, investment, investors, loans, mergers
FLOWOOD — Investment firm Prospect Capital Corp. said Tuesday it will pay about $266 million to acquire an 80.1 percent stake in First Tower, a specialty finance company. Prospect Capital said it will pay $110.2 million in cash for the Flowood-based company, and said First Tower shareholders will get 14.5 million shares of Prospect as [...] [...]
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