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Tag Archives: John Oxford

M&F branches to close as Renasant wraps up merger

TUPELO — The last six of nine planned branch closures will be completed by Monday as Renasant Bank’s merger with M&F Bank is finalized. Tomorrow, three former M&F Bank locations in Tupelo will close for good. Three remaining branches in Kosciusko, Southaven and Birmingham, Ala., will close on Monday. All are former M&F Bank locations except Birmingham. Renasant had earlier ...

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Refinance activity strong in state as people take advantage of record low rates

The flip side of the housing bubble burst is that interest rates are as low as people are likely to see in their lifetimes. That combined with the government’s HARP II program to help distressed homeowners stay in their homes are reducing mortgage amounts, and contributing to increased revenues at banks. Regions Bank chief financial officer David Turner said the ...

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It’s a part of doing business

Twitter, Facebook and other social media just another way banks can reach their customers To Tweet or not to Tweet, that is the question. Like it or not, social networking is fast becoming an increasingly popular way for traditionally-conservative banks to reach consumers amid the economic downturn. Megabanks such as Wells Fargo and Bank of America have been using Twitter ...

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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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