by MBJ Staff Published: January 8,2012
Tags: AJA Management & Technical Services, Andy Taggart, Atmos Energy, ATT Mississippi, BancorpSouth, BankPlus, Baptist Health Systems, Butler Snow, Community Bank, Entergy Mississippi, Garrett Enterprises, Greater Jackson Chamber Partnership, Grogan & Crews Insurance & Employee Benefits, Health Management Associates Inc., Hederman Brothers Printing, Horne CPA Group, Jackson State University, Knox Ross, Ma, Mangia Bene, Mayo Flynt, Millsaps College, Nissan North America, Nucor Steel, Pelahatchie, People Lease, Reddix Medical Group, Regions Bank, Specialty Metals Supply Inc., St. Dominic Health Services, Taggart Rimes & Usry, TempStaff Inc, Trustmark, University of Mississippi Medical Center
In accordance with the Greater Jackson Chamber Partnership by-laws, chairman Paul Moak appointed a nominating committee chaired by Clay Hays. This committee reported their actions to president Duane O’Neill, who in turn is authorized to notify the entire membership of the nominating committee’s report. Candidates to serve a three-year term expiring December 2014 are: Freddie [...] [...]
In late June, a trial wrapped up in Hinds County Chancery Court in which Trustmark National Bank defended itself against allegations of mismanaging a trust account by doling out $1.7 million in improper payments to one of its beneficiaries. It’s one of three active cases the Mississippi Business Journal was able to confirm that featured [...] [...]
JACKSON — Delivering his first quarterly earnings presentation as Trustmark CEO last Wednesday, Jerry Host said the regional banking company is on the verge of putting its single biggest headache behind it — the Florida loan portfolio — and is ready to pursue acquisitions, possibly in Texas. On the eve of the four quarter earnings [...] [...]
SEC filing gives shareholders details on process for selecting merger partner. NEW YORK — With the clocking ticking down to a Dec. 9 Cadence Bank shareholder vote on an acquisition of the bank, Cadence has tentatively settled an investor lawsuit that claimed that the merger terms are tilted to benefit Cadence executives and board members [...] [...]
Richard Hickson says his Trustmark workload has left him little time to decide what he’ll do in retirement beyond involvement in his two principal civic causes – Millsaps College and St. Dominic Hospital. Two other things he knows for certain. He’ll be 67 and a full-time Mississippi resident. He said his interests are likely [...] [...]
Starkville-based bank had lower losses than same quarter in 2009 In a late arriving earnings report, Cadence Financial of Starkville last Wednesday reported a third quarter net loss of $7.5 million, or $0.63 per diluted share. The new round of losses come just ahead of a Dec. 9 shareholder meeting at which shareholders will vote [...] [...]
Trustmark’s Richard Hickson isn’t quite sure what to make of Memphis. The chairman & CEO has wrestled more with real estate loan problems in Florida. But Tennessee, especially Memphis, occupied a lot of his attention in the last quarter. The past quarter impaired loans in Memphis and the rest of Tennessee forced the Jackson-based Trustmark [...] [...]
STARKVILLE — Stockholders of Cadence Financial Corp., the parent of Cadence Bank, will meet Dec. 9 in Starkville to consider a buyout by a private Houston, Texas-based investment firm. The Commercial Dispatch reports a proxy statement and ballot approved by the Securities and Exchange Commission was issued to shareholders this week. Cadence agreed to the [...] [...]
STARKVILLE — Cadence Bank and its officers have been accused in a lawsuit filed in New York State Supreme Court of misleading investors about the financial institution’s sale. The Columbus Commercial Dispatch reports that the lawsuit was filed by RSD Capital in New York because Cadence’s stock is traded on the Nasdaq stock exchange. No [...] [...]
Trustmark ready to consider new acquisition opportunities if money potential is right. Trustmark executives backed away from the Cadence acquisition because a bid showdown with competing suitor Community Bancorp of Houston had too much short-term downside, said Trustmark chairman and CEO Richard Hickson in his first public remarks about his bank’s loss of the merger in [...] [...]
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