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Tag Archives: Jerry Wilson

Under state probe, All American Check Cashing gets ‘F’ rating from Better Business Bureau

All American Check Cashing’s refusal to answer complaints has led the Better Business Bureaus in Mississippi and Alabama to give grades of “F” to the Madison payday lender that the Mississippi Department of Banking & Finance says did loan rollovers that violated state law. The Department of Banking & Finance put All American Check Cashing and its 41 stores in ...

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State regulators probe All American Check Cashing on suspicion of violating loan rollover law

Madison payday lender All American Check Cashing is under a “cease and desist” order after refusing to let examiners from the Mississippi Department of Banking and Finance review its records for signs of illegal lending. The order followed a state raid on 15 of the company’s 41 Mississippi stores, a former executive of All American Check Cashing said. Examiners say ...

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Small banks in Mississippi — An endangered necessity

Mississippi has 19 small banks as defined as banks with less than $100 million in assets. And while most of these small banks that serve as the economic lifeblood of many rural areas of the state didn’t participate in the risky mortgage lending practices blamed for the Great Recession, they may now be endangered by burdensome banking regulations enacted to ...

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Former bank president turns to regulation as new commissioner

Jerry Wilson figured to spend the first six months of his retirement as president and CEO of BankFirst clearing his noggin of 43 years of banking clutter. Good thing he didn’t quite finish the clearing. He’ll be calling on that four-decades of banking knowledge daily in his new job as Mississippi banking commissioner. The 67-year-old Wilson, an Alva native and ...

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