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Author Archives: Ted Carter

Butcher may be weary-eyed, but prepared for HORNE’s SERIES

CPA Rusty Butcher is doing something perhaps no one else in Mississippi is doing: reading the entire 2,200-page Dodd-Frank Wall Street Reform and Consumer Protection Act. It’s not drudgery, but nor is it close to recreational reading, said Butcher, a partner in the Ridgeland-based HORNE CPA and Business Advisors firm. The summer reading is part of his preparation for the ...

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Security Credit Services named to Inc. 500

Company saw near 5,000 percent growth last three years Don’t look now, but Oxford-based Security Credit Services just grew revenues by another 100 percent. Such is life in the fast-lane for the start-up debt collections company whose three-year run of 4,699 percent growth landed it a top 50 ranking on Inc. magazine’s 500 fastest growing private companies for 2010. An ...

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There area some positive signs

Overall, area is down, but Downtown Jackson and Lakeland area lead the way with positive commercial absorption numbers Jackson’s downtown office leasing rebounded from a 14,000 square-feet negative space absorption in the first quarter to end the second quarter with positive absorption of 5,000 square feet, data gathered by Parkway Properties show. The Central Business District beat all but the ...

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Conundrum

Some are calling it a Catch-22, others compare it to the chicken-and-egg debate, but the bottom line is customers with great credit are being denied the opportunity to buy houses A team of Palo Alto, Calif., researchers announced a couple of weeks ago that they’ve solved the Rubik’s Cube riddle in a series of 20 computerized steps, thus ending a ...

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Long Waits Nothing Unusual

Greenville real estate broker Betsy Alexander last week broke down the days the last three houses she sold stayed on the market: 358, 258 and 199. By most measures, that’s a long time to wait for a closing. But in Greenville’s stagnant and saturated market moving houses at that clip can put you ahead of the pack. Alexander’s agency, Coldwell ...

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BancorpSouth in acquiring mode

CEO Patterson tells annual bank conference in Chicago, ‘We are an experienced and proven acquirer.’ BancorpSouth Bank is on the hunt for banks to buy and expects to be a regional leader in acquiring “fatigued” community banks over at least the next 12 to 18 months. BancorpSouth chairman and CEO Aubrey Patterson made note of the regional banking company’s ambitions ...

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Allison: Exemption doesn’t free banks from state regulation

An exemption for small banks won’t fully free Mississippi’s many small financial institutions from the regulatory grip of a soon-to-be-created federal consumer financial protection agency. So says Mississippi Banking Commissioner John Allison. He concedes the exemption is there for financial institutions with assets under $10 billion. But exemptions written by Congress can’t erase the state’s obligation to enforce compliance measures ...

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Overhaul does have supporters

Recently passed federal banking reform has the potential to lock low- and moderate-income Mississippians out of credit opportunities and other financial services.  Or maybe not. Mississippi’s banking commissioner, bankers and banking analysts see a curtailing of credit and other banking opportunities as an unintended consequence of the Dodd-Frank Wall Street Reform and Consumer Financial Protection Act. The Mississippi State Conference ...

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New regs put bankers ‘in the crosshairs’

Regulatory concerns replacing instincts a real worry Oceanside hotel rooms are not the only empty spaces on Mississippi’s Gulf Coast. The offices in which Chevis Swetman’s loan officers do their business are not anywhere as filled as the long time head of People’s Bank would like to see them. He’s got money to lend to individual consumers and businesses, but ...

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Making it hard on the little guys

Remember when your big brothers acted up in the backseat on a long car trip and your aggravated dad reached back and gave innocent you the back of his hand? That’s the kind of pointless persecution a lot of U.S. bankers are feeling at the moment, says Peter E. Garuccio, a lawyer and vice president of public relations for the ...

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