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Banking & Finance

Host to succeed Summerford at Trustmark

Trustmark Corp. announced Tuesday that Gerard R. Host has been elected to succeed R. Michael Summerford as chairman of the Board of Directors of Trustmark Corp. and Trustmark National Bank effective April 28, the date of the 2020 annual shareholders’ meeting. Host, with more than 35 years of experience at Trustmark, will remain CEO and will succeed Summerford, who plans ...

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GOOD TOWNS — Vicksburg, Mississippi

This Mississippi River hotspot is known for history, haunts and a 20th Century phenomenon. By Doug Segrest » Spotlighting special towns across Mississippi, Good Towns, presented by Regions Bank, is about the character, the history, the people and the unique things that make a town a special place. High above downtown Vicksburg, overlooking the Yazoo River as it snakes its ...

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Citizens announces dividend for quarter

Citizens Holding Company announces that its Board of Directors declared a cash dividend of 24 cents per share payable Dec.31 to shareholders of record as of Dec. 17. This dividend will bring the total dividend for 2019 to 96 cents per share of common stock, the bank said in a release. Citizens Holding Company is a one-bank holding company and ...

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Stocks slump as Trump says trade deal with China can wait

U.S. stocks fell sharply in early trading Tuesday after President Donald Trump cast doubt over the potential for a trade deal with China this year and threatened to impose tariffs on French goods. Trump said he has “no deadline” for a deal and didn’t mind waiting until after the election next year to make one. Investors had been hoping for ...

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Asian shares slip after US stock tumble amid trade tensions

Asian shares slipped Tuesday, following a drop on Wall Street amid pessimism over U.S.-China trade tensions. Japan’s benchmark Nikkei 225 lost 0.7% to 23,379.05. Australia’s S&P/ASX 200 slid 2.0% to 6,725.30. South Korea’s Kospi declined nearly 0.5% to 2,082.45. Hong Kong’s Hang Seng fell 0.1% to 26,415.70, while the Shanghai Composite was down 0.1% at 2,872.74. Technology companies led a ...

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Stocks fall over trade tensions, weak economic reports

Stocks fell in afternoon trading Monday on Wall Street as trade tensions flared with China’s diplomatic retaliation for U.S. support of protesters in Hong Kong. The selling accelerated after the U.S. government issued weak manufacturing and construction reports. Technology stocks were the biggest drag on the market. Many of the companies in that sector rely on China for sales and ...

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For banks, data on your spending habits could be a gold mine

There’s a powerful new player watching what you buy so it can tailor product offerings for you: the bank behind your credit or debit card. For years, Google and Facebook have been showing ads based on your online behavior. Retailers from Amazon to Walgreens also regularly suction up your transaction history to steer future spending and hold your loyalty. Now banks, too, ...

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Making the switch

» If current problems are solved, cryptocurrency could be to financial transactions what word processors were to typewriters By BECKY GILLETTE Wendell Fugitt is a bit of a “crypto nerd.” He drives about two hours a day from his home in Covington County to where he operates his business, Sta-Security, in the Jackson area. He uses that time to listen ...

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Role of women in banking changing

By LYNN LOFTON Women have stepped from behind tellers’ cages as the role of women in banking is changing in what is considered a male dominated field. In banks across the state women bankers are leading and assuming more responsibilities. Two such examples are Mary Childs and Teresa Thornhill. Childs is CEO of the Peoples Bank of Ripley and last ...

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