Home » NEWS » Banking & Finance (page 280)

Banking & Finance

Robinson named Magnolia president/CEO

BAY SPRINGS — After 30 years of serving as Magnolia State Bank president, CEO and chairman Thomas Brown has named a new president and CEO, Marcus Robinson, formerly with Regions Bank in Hattiesburg. Brown will continue to serve the bank as a full-time chairman of the board and will continue to maintain an office in Bay Springs. “With Marcus on ...

Read More »

Fitch rates education bonds

JACKSON — Fitch Ratings assigns an “AA-” rating to the University of Mississippi (UM) Educational Building Corporation’s (EBC) approximately $15.2 million of revenue bonds, series 2009C-1 (Residential College Project – Phase II) and Build America Bonds, series 2009C-2 (Residential College Project – Phase II, Federally Taxable Build America Bonds) (collectively, the bonds). A portion of the bonds may be sold ...

Read More »

Cadence selling insurance firm

COLUMBUS — Officials of Galloway Chandler McKinney Insurance Agency Inc. (GCM) announced the execution of an agreement by which previous owners and several associates of GCM have purchased the company back from Cadence. Terms were not disclosed. The ownership change concludes 10 years of a mutually beneficial relationship in which GCM operated as a wholly-owned subsidiary of Cadence Bank. The ...

Read More »

CMI shows continued weakness

COLUMBIA, Md. — After six months of solid gains, the Credit Managers’ Index (CMI) showed slower progress and registered declines in key indicators. There was still some positive movement in the Index as a whole, but there are obvious weaknesses showing up in terms of credit availability, credit applications and sales. The CMI showed a dramatic decline from the levels ...

Read More »

SBA launches new training course

WASHINGTON — The U.S. Small Business Administration (SBA) has launched a new online training course to help strengthen access to contracting opportunities for small businesses, including those owned by women, minorities, disadvantaged individuals and veterans. The training course, “Recovery Act Opportunities: How to Win Federal Contracts,” is part of a federal government-wide initiative announced last month by President Obama and ...

Read More »

Bankruptcy judge to decide tax dispute

BATESVILLE – A federal bankruptcy judge will decide whether the city of Batesville and Panola County can collect property taxes from the bankrupt Tri-Lakes Medical Center. U.S. Bankruptcy Judge David W. Houston III wrapped up a hearing this past week. Houston told attorneys for both sides that he will rule in the case in about a month. The city and ...

Read More »

What healthcare entities need to know about HIPAA

On Feb. 17, 2009, the American Recovery and Reinvestment Act of 2009 (“ARRA”) was signed into law, greatly expanding the existing federal regulations on health information technology.  Title XIII of the ARRA includes the Health Information Technology for Economic and Clinical Health Act, also known as the HITECH Act.  The HITECH Act increases the enforcement of penalties for violations of ...

Read More »

Block Grant funds will provide assortment of projects

Good things are set to happen all over the state with additional Community Development Block Grant (CDBG) funds received through the federal Recovery Act. The state’s funds of $8,071,701 are being administered through the Mississippi Development Authority’s Community Services Division. Division director Steve Hardin stresses that Mississippi’s plan for spending these CDBG funds has been submitted to the U.S. Department ...

Read More »

Mississippi poised to receive more than $2 billion

As a result of President Barack Obama’s American Recovery and Reinvestment Act pouring an unprecedented $787 billion into the United States economy, an estimated $2.8 billion of those stimulus funds is projected for the State of Mississippi for a variety of needs, including healthcare, transportation and public education. Several areas in the state expected to receive money include: n $484.1 ...

Read More »