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Tag Archives: Mississippi Bankers Association

Young bankers keeping watch on young customers

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By LISA MONTI When Parker England, first vice president of Planters Bank & Trust Co. in Greenville, looks to the future of the banking industry, a couple of things grab his attention. One is finding ways for his bank to make a profit in an increasingly competitive market. The other is providing his customers with what they need and expect in ...

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Parrott chairing committee

Adams and Reese partner and Banking and Finance Team leader Charles Parrott has been appointed to serve as chairman of the Bank Attorneys’ Committee for the Mississippi Bankers Association, serving a one-year term expiring mid-year in 2015. Parrott has served as the Adams and Reese Banking and Finance Team leader since 2004, and he was recently named Best Lawyers Lawyer ...

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Banks say credit unions have unfair advantage

ACROSS MISSISSIPPI — For decades, not-for-profit credit unions have enjoyed tax-exempt status as they emerged as legitimate contenders to banks, gaining new customers, especially as the recession caused many banks to tighten their lending policies. The banking industry says credit unions now enjoy an unfair competitive advantage as they broaden their services while not being taxed or held to the ...

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Cadence CEO: Possible IPO could raise capital

A resurrected Cadence Bank, formerly headquartered in Starkville but now operating out of Birmingham, Ala., is pausing for some introspection after a couple years of rapid growth throughout a multi-state region. The period of internal focus could lead the privately held $5.7-billion banking company to decide to go public, a move that would return the bank to an ownership structure ...

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Banking leader has youth, experience

Of course the president of the Young Bankers section of the Mississippi Bankers Association is a young banker, but the organization’s new president, Matt McCraw, 36, already has quite a bit of banking experience, too. That’s because he began his banking career while he was a student at the University of Mississippi. That banking start was at First National Bank ...

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Looking for a bright future for people of Mississippi

From Will Loftin’s perspective as senior vice president and consumer banking executive for Regions Bank, the future looks bright for Mississippi. Loftin is responsible for consumer banking operations in the central and southern parts of Mississippi, representing 80 branches and more than 600 employees. Statewide, Regions has more than 146 branches and over 1,600 employees. In a recent meeting at ...

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Strong reaction from community banks cited for Basel III delay

In a move that takes immediate pressure off of community banks in Mississippi and elsewhere in the nation, federal bank regulators say they do not expect to enact new capital requirements on Jan. 1 based on the Basel III International Accords. The Office of the Comptroller of the Currency said in a Nov. 9 statement the delay stems from the ...

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Banks get reprieve from Basel III capital requirements

In a move that takes immediate pressure off of community banks in Mississippi and elsewhere in the nation, federal bank regulators say they do not expect to enact new capital requirements on Jan. 1 based on the Basel III International Accords. In a statement Friday, the Office of the Comptroller of the Currency said the delays stems from the massive ...

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Mississippi bankers make plea for scrapping Basel III

Now the waiting begins for banks across America as regulators weigh whether to enforce the international Basel III financial regulations here at home. With a comment period on the proposed regulations ending Oct. 22, the Mississippi Bankers Association joined its national counterparts in urging the Federal Reserve, the FDIC and Office of the Comptroller of the Currency to reject participation ...

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Weighing the economic risk of Basil III can be daunting

The Mississippi Business Journal recently reported on the demise of brickyards around the state, with the numbers whittled in recent years from a half-dozen to the single surviving yard in Columbus. The brickyards started dying off about the same time demand for new housing ceased. Many other once-healthy sectors of Mississippi’s economy went into decline as well when the building ...

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