JACKSON — Trustmark Corporation’s subsidiary, Trustmark National Bank, has completed its previously announced merger with Bay Bank & Trust Co., Panama City, Fla. Gerard R. Host, president and CEO of Trustmark, said, “We are pleased to welcome the customers and associates of Bay Bank to the Trustmark family. Bay Bank, with seven offices and $116.9 [...] [...]
by MBJ Staff Published: March 13,2012
Tags: advertising, banking, Banks, Convention Center, Conventions, finance, financial insitutions, marketing, meetings, promotions, public relations, tourism, tourists, visitors
JACKSON — SMG, managers of the Jackson Convention Complex, reports the Jackson Convention Complex and Trustmark National Bank have renewed their commercial rights marketing partnership, extending Trustmark’s designation as the exclusive bank of the Jackson Convention Complex for an additional three years. SMG general manager Kelvin Moore said, “Trustmark was one of the original marketing [...] [...]
by Associated Press Published: March 1,2012
Tags: banking, Banks, casinos, Conventions, debt, entertainment, finance, financial institution, gambling, gaming, hospitality, hotels, lodging, meetings, refinancing, resort, restaurants, tourism, tourists, visitors
CHOCTAW — The Mississippi Band of Choctaw Indians has signed a debt refinancing agreement for the Pearl River Resort in Neshoba County and the Bok Homa Casino in Jones County. The new loan is for $78 million at a 6 percent variable rate for five years. The agreement was signed yesterday by Chief Phyliss J. [...] [...]
by Associated Press Published: February 28,2012
Tags: banking, Banks, bed and breakfast, Commercial Real Estate, Conventions, finance, financial institutions, foreclosure, historic structures, history, hospitality, lodging, meetings, property, real estate, tourism, tourists, vacations, visitors
NATCHEZ — United Mississippi Bank was expected to assume ownership of historic Monmouth today in foreclosure proceedings. Warren Reuther, president of New Orleans Hotel Consultants, said his company has met with bank representatives about the possibility of managing Monmouth. Reuther said the bank intends to do everything they can to keep Monmouth open because of [...] [...]
RIDGELAND — The American Bankers Association has recognized 10 banks for their outstanding leadership by honoring them with an ABA Community Bank Award. The 2012 awards were presented in seven categories ranging from Improving Financial Literacy to Reaching Out to the Underserved. The ABA selection committee awarded 10 banks from a field of nearly 200 [...] [...]
by Associated Press Published: February 22,2012
Tags: banking, Banks, construction, county government, courts, finance, financial institutions, funding, infrastructure, judges, judicial, judiciary, loan, projects
JACKSON COUNTY — Jackson County supervisors have voted to borrow $2.5 million in a five-year note to complete multiple projects. The Mississippi Press reports about $1.2 million will go toward site work on the new Adult Detention Facility and $430,000 will fund a Highway Patrol building on Mississippi 57. Another $430,000 will go to improvements [...] [...]
Many of life’s biggest financial decisions are made proactively . . . while others are reactive. It just goes with the territory. Labor long enough in the everyday grind of working life and you’ll face the fact that some financial decisions are just going to be made “on the fly.” However, to help make sure [...] [...]
by MBJ Staff Published: February 2,2012
Tags: assets, banking, Banks, deposits, earnings, finance, financial institutions, loans, publicly traded company, revenue
NATCHEZ — Britton & Koontz Capital Corporation reports net income for the year ended Dec. 31, 2011, of $394,000, or $.18 per basic and diluted share, compared to $1.9 million, or $.90 per basic and diluted share, for 2010. Net income for the quarter ended Dec. 31, 2011, was $311,000, or $.15 per basic and [...] [...]
HATTIESBURG — Russ Willis has resigned as the University of Southern Mississippi’s vice president for administrative affairs after only seven months in the position. The Hattiesburg American reports Willis was responsible for the financial management of the university, its physical plant and human resources. Taking over the position will be Chad Driskell, executive assistant to [...] [...]
GULFPORT — Hancock Holding Corp. says it’s on track to spend less than previously projected to wrap up its merger with the former Whitney National Bank, with profit rising in the fourth quarter. The parent of Hancock Bank and Whitney Bank said it earned $19 million in 2011′s fourth quarter, up from $17 million in [...] [...]
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