by MBJ Staff Published: May 16,2012
Tags: banking, Banks, disaster recovery, disasters, drought, dry, federal agency, financial institutions, heat, loans, losses, natural disasters, severe weather, small businesses, Weather
ACROSS MISSISSIPPI — The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes that June 14 is the filing deadline for federal economic injury disaster loans available in Mississippi as a result of the drought and excessive heat that occurred [...] [...]
TUPELO — Renasant Corp. is entering the banking market in east Tennessee. Renasant says the new bank should open in Maryville, Tenn., a suburb of Knoxville, by the end of May. Renasant says in a statement that this is the eighth expansion by the bank in the past year and a half. Renasant is the [...] [...]
by Associated Press Published: May 1,2012
Tags: banking, Banks, earnings, financial institutions, loan losses, loan provisions, loans, net income, profits, publicly traded company
BILOXI — Peoples Financial Corporation, parent of The Peoples Bank, reported net income of $505,000 for the first quarter of 2012, a 15.3 percent increase over the first quarter of 2011. Loan volume increased 5.3 percent over the first quarter of 2011 to $428 million, compared to $407 million in the same period last year. [...] [...]
by Associated Press Published: April 26,2012
Tags: acquisitions, banking, Banks, earnings, expansion, finance, financial institutions, loan losses, loans, mergers, net income, profit, publicly traded company
TUPELO — Renasant Corp. says its acquisitions and new branches are succeeding as it cut bad loans in the first quarter of 2012. The bank said it earned quarterly profit of nearly $6 million, or 24 cents per share. The company earned about $7.5 million, or 30 cents per share, in the same quarter of [...] [...]
by Associated Press Published: April 25,2012
Tags: acquisitions, banking, Banks, earnings, finance, financial institutions, loan provisions, loans, mergers, new income, profits, publicly traded company
JACKSON — Trustmark Corp. said profits rose strongly in the first quarter as the bank set aside less for bad loans and earned a windfall on buying a Florida bank. The bank said it earned $30.3 million, or 47 cents per share, in the quarter that ended March 31. That’s 26 percent higher than the [...] [...]
by Associated Press Published: April 4,2012
Tags: bills, interest rates, lawmakers, laws, legislation, legislators, Legislature, lenders, loans, small loans, state government
JACKSON — A bill that would have allowed small lenders to charge more on certain types of loans died with a yesterday deadline for committee action. House Bill 1396 would have increased the allowable interest rates on loans under $1,500 from 36 percent to 99 percent. Supporters say the measure would have given borrowers a [...] [...]
by Associated Press Published: April 3,2012
Tags: banking, Banks, bill, financial institutions, interest, law, lawmakers, legislation, legislative, legislators, Legislature, lenders, loan companies, loans, state government
JACKSON — Mississippi borrowers could soon pay more for some kinds of loans if lawmakers approve a bill to allow higher interest rates. House Bill 1396 would allow loan companies to charge 99 percent interest for loans up to $1,500. The current cap is 36 percent. It would also change amounts that could be charged [...] [...]
FLOWOOD — Investment firm Prospect Capital Corp. said Tuesday it will pay about $266 million to acquire an 80.1 percent stake in First Tower, a specialty finance company. Prospect Capital said it will pay $110.2 million in cash for the Flowood-based company, and said First Tower shareholders will get 14.5 million shares of Prospect as [...] [...]
by MBJ Staff Published: March 13,2012
Tags: banking, Banks, disaster, disaster recovery, federal agency, federal government, financial institutions, loans, natural disaster, small businesses
ACROSS MISSISSIPPI — The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of all sizes that April 9 is the filing deadline for federal economic injury disaster loans. These working capital loans are available in the counties of Adams, Amite, Attala, Claiborne, [...] [...]
by Associated Press Published: March 13,2012
Tags: board of supervisors, county government, disaster, disaster recovery, federal government, hurricanes, loans, natural disaster, severe weather, storm surge, supervisors, tropical weather, Weather
JACKSON COUNTY — Jackson County supervisors are hoping that by changing the way the county assessed its Hurricane Katrina financial damage, it will succeed in having its FEMA loan forgiven. FEMA offered the county up to $14 million after the storm as part of a special Community Disaster Loan. The county borrowed closer to $10 [...] [...]
Loading ...