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Banking & Finance

Fuqua joins Great Southern Bank

Jamie Fuqua joins Great Southern Bank as Vice President. Fuqua, a native of Vidalia, is a graduate of Vidalia High School in Vidalia, LA. He earned an Associate of Arts Degree from Copiah-Lincoln Community College and a Bachelor of Science Degree in Marketing from the University of Southern Mississippi. Fuqua began his financial career in 2009 in Hattiesburg. Fuqua serves ...

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Robinson inducted into Mississippi Credit Union Hall of Fame

Rivertrust Federal Credit Union Board Chairman E.E. “Buddy” Robinson has been inducted into the Mississippi Credit Union Hall of Fame. Created in 1993, the Mississippi Credit Union Hall of Fame is the state’s highest credit union honor. Robinson began his credit union service with Rivertrust Federal Credit Union in 1988. In addition to his service on many credit union committees ...

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Cole elected Treasurer of MBA

M. Ray (Hoppy) Cole, Jr., Chief Executive Officer and President of The First, A National Banking Association, headquartered in Hattiesburg, has been elected Treasurer of the Mississippi Bankers Association (MBA) for 2019-2020. As MBA Treasurer, Cole serves on the association’s Board of Directors and Executive Committee. The MBA is a statewide trade association whose membership includes commercial banks and savings ...

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McKee elected Chairman of MBA

Greg McKee, President and Chief Executive Officer of The Citizens Bank of Philadelphia, has been elected Chairman of the Mississippi Bankers Association (MBA) for 2019-2020. As MBA Chairman, McKee chairs the association’s Board of Directors and Executive Committee. The MBA is a statewide trade association whose membership includes commercial banks and savings institutions operating in Mississippi. MBA members hold more ...

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Anderson elected Vice Chairman of MBA

Andy Anderson of Anguilla has been elected Vice Chairman of the Mississippi Bankers Association (MBA) for 2019-20. As Vice Chairman, Anderson will serve on the MBA Board of Directors and Executive Committee, and he also will serve as president of the MBA Education Foundation. The membership of the 130-year-old statewide trade association includes commercial banks and savings institutions operating in ...

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McCarty named Assistant VP at Community Bank

Lee McCarty has been named Assistant Vice President. A native of Meridian, McCarty recently served as Loan Officer and has been in banking for four years. In his new role, McCarty will continue to manage and grow loans and deposits in the Forest market. McCarty is a graduate of Mississippi College with a Bachelor in Business Administration and a graduate ...

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Mississippi Credit Union Association announces board

The Mississippi Credit Union Association re-elected four members to its board of directors. The twelve-member MSCUA Board represents the association’s seventy-three member credit unions in Mississippi. Four directors were re-elected to three-year terms: Sheila Bridges, CommFirst FCU (Jackson); John Gibbons, Triangle FCU (Columbus); Chris Hammond, Sunbelt FCU (Laurel); and James B. Smith, Jr., Singing River FCU (Moss Point). The MSCUA ...

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Rural Lending Co-op hires Shepherd

Southern AgCredit, a rural lending cooperative, hired Hayes Shepherd as a collateral evaluator trainee in its Ridgeland administrative office. Shepherd was a summer intern at Southern AgCredit in 2018, and recently graduated from Mississippi State University with a bachelor’s degree in finance with a concentration in risk management and insurance. He is a native of Flora.

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COMMERCIAL FINANCE 701 — The project equity morass

Ample equity is to project construction what grain is to whiskey. Equity can jumpstart a project and satisfy a critical lender financing requirement.  But just how much equity, from where, and at what price? Our hypothetical project is a 120-unit, to-be-constructed apartment complex on land under contract. Our developer has, wisely, formed a new single purpose entity, which we will ...

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Stocks rise after US deal with Mexico; car companies rise

U.S. stocks moved broadly higher in early trading Monday on Wall Street after the U.S. and Mexico averted a trade war and potentially damaging tariffs, while several companies inked billion-dollar deals. The solid opening follows the strongest week for stocks since November. U.S. President Donald Trump suspended plans to impose tariffs on Mexican goods after the nations managed to strike ...

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