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Posts Tagged ‘loans’

Britton & Koontz sees drop in net income in 2011

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 [...] [...]

Six counties eligible for SBA disaster recovery loans

NORTH MISSISSIPPI — The U.S. Small Business Administration is reminding small businesses that Feb. 24 is the filing deadline for federal economic injury disaster loans available in Alcom, Benton, DeSoto, Marshall, Tippah and Tishomingo counties in Mississippi.  The SBA declared a disaster because of severe storms, tornadoes, straight-line winds and flooding that began April 23, [...] [...]

KiOR closes on $75M loan to support first biofuels plant

by MBJ Staff Published: January 29,2012

Tags: biofuels, capital, energy, fuels, investing, investment, investors, loans, plant, REFINERY

COLUMBUS — KiOR Inc., a next-generation renewable fuels company based in Pasadena, Texas, has closed a $75 million, four-year term loan with a lender group comprised of an affiliate of Vinod Khosla and two Canadian corporations owned by certain pension fund clients of Alberta Investment Management Corporation (AIMCo). “This follow-on investment in KiOR reaffirms the [...] [...]

Trustmark sees jump in earnings in 2011

by MBJ Staff Published: January 25,2012

Tags: banking, Banks, deposits, earnings, finasnce, income, loans, money, publicly traded company

JACKSON — Trustmark Corporation reports net income available to common shareholders of $106.8 million for the year ended Dec. 31, 2011, which represented diluted earnings per common share of $1.66, an increase of 5.7 percent compared to figures one year earlier. Trustmark during 2011 produced a return on average tangible common equity of 12.25 percent [...] [...]

Renasant sees better quarter, but yearly earnings down

TUPELO — Renasant Corporation, for the fourth quarter of 2011, saw net income of $5.79 million, compared to $4.721 million for the fourth quarter of 2010. Basic and diluted earnings per share (EPS) were $0.23 for the fourth quarter of 2011 as compared to basic and diluted EPS of $0.19 for the fourth quarter of [...] [...]

Report: Mississippi has lowest average home loan

by MBJ Staff Published: January 13,2012

Tags: banking and finance, Banks, financial institutions, home loans, homeowners, homes, loans, mortgages, real estate

ACROSS MISSISSIPPI — LendingTree.com has released data highlighting the average loan amount on residential real estate purchases for all 50 states and Washington D.C. for the year. Hawaii, by far, leads the nation with an average home loan amount of $677,299, followed by Washington, D.C., at $393,453, New Jersey at $344,240 and New York at [...] [...]

SBA loans available to victims of drought

BENTON COUNTY and MARSHALL COUNTY — The U.S. Small Business Administration’s economic injury disaster loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes located in Benton and Marshall counties in Mississippi as a result of drought and excessive heat that occurred from [...] [...]

Report: State’s foreclosure rate fell in 2011

ACROSS MISSISSIPPI — The pace of home foreclosures in Mississippi slowed substantially in 2011, following a national trend that may soon be reversed, a national foreclosure tracking firm said yesterday. Irvine, Calif.-based RealtyTrac said that in 2011, 3,172 homes in the state were hit by some sort of foreclosure action. Those range from an initial [...] [...]

City borrows money to cover payroll expenses

by Associated Press Published: January 4,2012

Tags: budget, loans, municipal government, salaries, wages

NATCHEZ — The city of Natchez has borrowed $350,000 of its $400,000 tax-anticipation loan since December to help cover payroll expenses. City Clerk Donnie Holloway tells The Natchez Democrat the city originally budgeted for the $400,000 tax-anticipation loan, but he said the city would not need the additional $50,000. The Natchez Board of Aldermen approved [...] [...]

Two counties declared disaster areas by SBA

ITAWAMBA COUNTY and MONROE COUNTY — The U.S. Small Business Administration announces today that federal economic injury disaster loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes located in Itawamba and Monroe counties in Mississippi as a result of the excessive rain, [...] [...]

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