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MBJ FEATURE

TODD SMITH — U.S. Trust, Merrill Lynch brands ride into sunset post Bank of America Merger

Two of the most iconic names in banking are galloping into the sunset! Recently, Bank of America said it will gradually retire the U.S. Trust brand to become the Bank of America Private Bank. The move is part of CEO Brian Moynihan’s “one-company” strategy to more closely align the bank’s various businesses and branding. The company will also no longer ...

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BancorpSouth moving closer to $20B with two more mergers

By DENNIS SEID / Daily Journal TUPELO • BancorpSouth Bank is getting closer to becoming a $20 billion bank, announcing Wednesday it was expanding its presence in Texas and Florida. The Tupelo-based bank said it was acquiring Van Alstyne Financial Corp., the parent company of Texas Star Bank, and Summit Financial Enterprises Inc., the parent company of Summit Bank. The ...

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Mac Haik buys Watson Quality Ford

By MBJ STAFF The Mac Haik Automotive Group has purchased Watson Quality Ford. The dealership will operate under the name of Mac Haik Ford and Robert Watson, longtime owner and operator of the dealership bearing his name, will oversee daily operations. Mac Haik Ford will join Mac Haik Chrysler Dodge Jeep Ram in Jackson, Mac Haik Chrysler Dodge Jeep Ram ...

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Taylor Machine Works adds dealer

Taylor Machine Works, Inc. has announced a new dealer, NMC Material Handling, in the Taylor and Sudden Service, Inc. dealer network. Located in Omaha, Neb., NMC Material Handling is, like Taylor, privately owned. Taylor Machine Works Inc., founded in 1927, manufactures heavy-duty lift trucks, fork lifts and container handlers. It has 18 Factory Direct Stores across 11 states.

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Cure Land Company intends to build new casino in Hancock County

Cure Land Company wants to build a casino with a hotel on the beach in Lakeshore, according to the legal notice of intent to apply for a gaming license dated March 1 and published in today’s Sea Coast Echo. The company plans to develop the casino and hotel on 98.5 acres on South Beach Boulevard. The proposed project includes 40,000 ...

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Maddux named chair-elect of Butler Snow

Butler Snow has announced the election of Christopher R. Maddux to succeed Donald Clark, Jr. as chair effective Jan. 1, 2020. Clark has served as chair since 2006 and will continue in the role until the end of the year. “I am thrilled to welcome Chris as our next chair after an extensive search process by our nominating committee. He ...

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BILL CRAWFORD: The new Republican reality: Debt, debt, and more debt

“The national debt has passed a new milestone, topping $22 trillion for the first time,” reported the Associated Press. “The Treasury Department’s daily statement showed Tuesday that total outstanding public debt stands at $22.01 trillion. It stood at $19.95 trillion when President Donald Trump took office on Jan. 20, 2017.” “It looks like a $9 trillion time bomb is ready ...

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Report puts spotlight on challenges of Mississippi’s rural small businesses

By TED CARTER A national business advocacy group says a survey it did of small businesses in rural Mississippi found a troubled landscape with a growing need for problem solvers. One consequence of the difficult terrain is lingering pain from the “great recession”. It has yet to entirely lift in the harder-to-reach stretches of the Magnolia State, say the authors ...

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Broadband legislation could prove timely to rural small businesses

By TED CARTER The director of national outreach for the Small Business Majority left Mississippi last year having compiled a lengthy list of the challenges the state’s rural small businesses face. Atop the list: An absence of broadband internet service and spotty cellular phone service. That broadband problem could ease, however, in the months ahead now that the state’s rural ...

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