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Tag Archives: finance

BancorpSouth’s stalled acquisitions may signal new hurdles to bank M&A nationally

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  By TED CARTER Bankers nationwide worry that regulators have significantly raised the bar for merger-and-acquisition approvals after regulatory snags caused back-to-back delays in BancorpSouth’s acquisitions of banks in Louisiana and Texas. The Wall Street Journal noted in its MoneyBeat column July 1 that while the two deals are relatively small, “the delay is notable because it may play into bankers’ ...

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IKE TROTTER — Planning is vital for small businesses

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Here in Mississippi and, in particular, the Delta, small businesses are the backbone to our economy. And, equally as important, small businesses can be the glue that brings children back home to run and eventually succeed in the ownership of a business. But, as many know, running a small business today involves a great deal of risk. Needless to say, ...

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MARK BLACKWELL — A trip abroad may be cheaper this year

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  If your family is like mine, you may be in the habit of vacationing in the same stateside location summer after summer.  There is a lot to be said for sticking with what’s familiar – locales where you know you will find amenities that everyone has enjoyed in the past and would likely enjoy again.  However, this may also ...

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(UPDATE) Mississippi seeks its own reckoning with JPMorgan over illegal debt collections

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By TED CARTER Mississippi joined California in staying out of a legal settlement announced Wednesday by which JPMorgan Chase will pay 47 states and the federal government $125 million for illegal consumer credit collection practices. The settlement announced by the U.S. Consumer Financial Protection Bureau and the attorneys general of several states also includes $50 million in restitution to credit card ...

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BancorpSouth delays acquisitions yet again; Renasant completes Heritage takeover

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Regulatory snags have once again delayed Tupelo’s BancorpSouth Inc. acquisitions of Ouachita Bancshares Corp. of Monrore, La.,  and Central Community Corp. of Temple, Tex. Meanwhile, Tupelo’s Renasant Bank has completed its takeover of  Heritage Financial Group Inc., a bank holding company headquartered in Albany, Ga. and the parent of the $1.9 billion HeritageBank of the South, a Georgia savings bank. ...

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COMMERCIAL FINANCE 701 — Land surveys: More than just a sketch

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We suspect that most licensed surveyors never seriously considered careers in law.  Surveying is a precise business that deals in excruciating exactness.  Lawyers are masters of gray areas and debate, repeatedly uttering the tiresome phrase “on the other hand.”  Surveyors utilize relative positional precision and standard deviations in their efforts to pin down the facts.  Facts are something lawyers prefer ...

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BankFirst to merge with Newton County Bank

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NEWTON — BankFirst Capital Corporation has merged with Newton County Bancorporation Inc. The transaction, which is expected to close in the third quarter of 2015, was unanimously approved by the boards of both companies but remains subject to approval by NCB’s shareholders and regulators. Terms were not disclosed. Moak Griffin, BankFirst president & CEO, says in a news release that ...

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Young bankers keeping watch on young customers

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By LISA MONTI When Parker England, first vice president of Planters Bank & Trust Co. in Greenville, looks to the future of the banking industry, a couple of things grab his attention. One is finding ways for his bank to make a profit in an increasingly competitive market. The other is providing his customers with what they need and expect in ...

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IKE TROTTER: Weighing in on reverse mortgages

More and more we see on TV or read in the paper about Reverse Mortgages and the opportunities available for homeowners to “unlock” the equity in their home. I thought it might be helpful to discuss this unique type of home equity loan and the resulting implications they offer to homeowners, particularly those who are retired and elderly. Created in ...

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Regions only one of several lenders in trouble over overdraft fees

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By TED CARTER  Regions Bank is paying tens of millions in reimbursements and a fine of $7.5 million after its executives ignored a warning two years ago that its overdraft practices could be illegal. The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act brought new scrutiny to bank overdraft practices across the country. Until the federal law ordered banks ...

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