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Tag Archives: John Allison

‘Tarnished franchise?’

Cadence battles public opinion after backing out of Trustmark deal; claims it saved 125 jobs in Starkville area because of the move Cadence Bank’s shareholders — especially the “insiders” who own nearly11 percent of the bank holding company’s stock — get an appealing payday from last week’s decision to scrap an acquisition deal with Trustmark National Bank in favor of ...

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Right in the middle of it

Dilemma at home: No easy options for state on flawed foreclosures A mess that began with big national banks adopting an assembly line approach to home foreclosures has moved from Mississippi’s doorstep into its living room. Getting rid of the intruder — and reversing its threat to the state’s banking and housing sectors — requires a temporary halt to all ...

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Acquisitions and mergers

Flurry of activity may be in the future of many Mississippi institutions A desire to offset dried up demand for consumer and business loans may set off a round of acquisitions and mergers among Mississippi banks. With ledger sheets showing greatly diminished interest income, bankers must get resourceful if they want to see some money flowing. Banking consultant Hans Pettit ...

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The changing role of bankers

Community bankers may need to recalibrate skills to survive in today’s world Community bankers who have thrived by building business and relationships may need to recalibrate their skills to survive in today’s world of loan defaults and sinking real estate values. Further, they may have to convince more than their boards of directors that they have the right stuff. If ...

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