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Banking & Finance

US stocks edge higher as investors wait for trade updates

Major U.S. stock indexes edged mostly higher in afternoon trading Thursday as investors await signs of progress in trade negotiations between the U.S. and Mexico. The muted trading followed two days of gains driven by investors betting that the Federal Reserve could cut interest rates this year. Fed Chairman Jerome Powell said Tuesday that the central bank would “act as ...

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PriorityOne Bank promotes McGee

PriorityOne Bank announced the promotion of Rebekah McGee. McGee will be serving as Assistant Vice President and Document Management Manager for PriorityOne. Rebekah has been with PriorityOne Bank since November of 2007. She has served in many areas of the bank, most recently, Document Management Supervisor. Rebekah has also served her community in multiple leadership roles. She is a member ...

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PriorityOne Bank welcomes Oates

PriorityOne Bank announced the hire of Rob Oates, Jr. Oates will be serving as Vice President and Commercial Lender for PriorityOne at their Brandon Location. Oates has 12 years of banking experience and holds a Bachelor of Science in Business Administration from Mississippi College. He serves as a board member for the Flowood Chamber of Commerce where he was the ...

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Types of jobs in banking expected to change with increasing adoption of artificial intelligence

By BECKY GILLETTE A hot topic in banking circles is how much artificial intelligence (AI) will impact employment in the banking industry. One study reported in American Banker magazine predicts that 70 percent of front-office jobs will be replaced by chatbots, voice assistants and automated authentication and biometric technology. And steep job losses are also predicted for financial management, compliance ...

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Liberty Bank is the only black-owned bank operating in Mississippi

By BECKY GILLETTE While Mississippi’s population is 37 percent black, there is only one black-owned bank operating in the state, Liberty Bank and Trust Company. “We have a saying, ‘We are more than just a bank’,” said Ann D. Duplessis, senior vice president, retail banking, Liberty Bank and Trust Company. “We truly believe in providing access to capital to strengthen ...

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Navigator Credit Union celebrates 80th anniversary

Navigator Credit Union is celebrating eight decades of serving the Gulf Coast, and this month the celebration centers around a special day in June. It was June 24, 1939, when seven shipyard workers met and planned to form a credit union to offer co-workers opportunities for saving and for loans. Today, Navigator is Mississippi’s largest state-chartered credit union. The Mutual ...

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Geddie named Assistant Vice President at Renasant

Renasant announced that Karen Geddie has been named Assistant Vice President. Geddie joined Renasant in 2017 as Employee Benefits Specialist. Geddie is a graduate of Peace College where she obtained her Associate of Arts degree in Music, and North Carolina State University with a Bachelor of Science degree in Industrial Engineering. She is a member of First United Methodist Church ...

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Caves hired at Community Bank

Chris Caves has been named Loan Officer at Community Bank. A native of Laurel, Caves served as Management Trainee and has been in banking for almost one year. In his new role, Caves will focus on assisting consumers in and around the Ellisville and Laurel community with all of their banking needs. Caves is a graduate of University of Mississippi ...

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Rural Lending Co-op hires Scarbrough

Southern AgCredit, a rural lending cooperative, hired Victoria Scarbrough as an accountant in its administrative office in Ridgeland. Scarbrough holds a bachelor’s degree in accounting, a BBA degree in finance and an MBA degree, all from Mississippi State University. She worked for a local real estate company while she was pursuing her master’s degree. A native of Gluckstadt, Miss., Scarbrough ...

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