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Banking & Finance

Citizens Holdings shares steady for quarter, down for year

Citizens Holding Co. announced on Tuesday results of operations for the three and twelve months ending Dec. 31. Net income for the quarter was $1.971 million, or 35 cents per share   an increase of $256,000 from net income of $1.715 million, or 35 cents per share for the same quarter in 2018. The majority of the increase relates to ...

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Jody Moor named president of Planters Bank’s Indianola Office

Planters Bank announced that Jody Moor has been named President of Planters Bank’s Indianola office. Moor will replace Weldon Aultman, who will retire in March of this year and has served as President of Indianola for 16 years. Moor is a native of Greenwood and graduated from Mississippi State University with a BBA in finance. He completed the Graduate School ...

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Keesler Federal promotes Augustine and Curtis

Keesler Federal Credit Union has promoted Michelle Augustine to Director of Loan Operation and Thomas Curtis to Director of Indirect Lending. Augustine will be responsible for overall management of loan operations, card services, loan operations, titles/insurance and member records. She has worked 16 years at Keesler Federal, serving as card services manager, credit card manager, administrative assistant to lending management, ...

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Medical ‘pot’ advocacy groups cite big upsides in Mississippi plan

By TED CARTER The wide-open nature of Medical Marijuana Campaign 2020’s model for a Mississippi medical marijuana sector gets a wrap-around hug from cannabis advocacy organizations and business groups. “We like so far what we see out of Mississippi,” said Erik Altieri, executive director of the National Organization for the Reform of Marijuana Laws, or NORML. That affection comes from ...

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Medical cannabis could be opportunity for bankers – but a risky one

By TED CARTER Mississippi bankers can gain rewards in a medical marijuana market but risk a possible shift in U.S. Treasury Department policy that could harm their institutions. Any jeopardy posed by the 1970 Controlled Substance Act aside, the chief executive of leading U.S. legal cannabis payments provider CanPay expects at least one or more Mississippi community banks or credit ...

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Banking Commissioner Corley will retire after three decades

By BECKY GILLETTE Banking Commissioner Charlotte Corley, Mississippi Department of Banking and Consumer Finance (DBCF), has seen many changes in banking over the past 34 years. At the end of January, she will be retiring and handing the reins to Deputy Commissioner Rhoshunda Kelly. Corley grew up in Gulfport where her father worked for Hancock Bank. In high school, she ...

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Keesler commitment has credit union on the rise

By LYNN LOFTON Keesler Federal Credit Union is on the rise with 228,000 members and branches in the states of Mississippi, Alabama and Louisiana and in the United Kingdom. President and CEO Andy Swoger attributes this growth to the commitment of team members who’ve had a tremendous impact and success over the years.  “Our internal tagline at Keesler Federal is ...

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Closure of rural bank branches a concern, but Mississippi has factors that ameliorate that trend

By BECKY GILLETTE The Federal Reserve Board recently produced a report showing that half of the U.S. counties studied lost bank branches between 2012 and 2017, “with some predominantly rural counties experiencing considerable declines. The deeply affected rural counties tended to be less economically well off and have residents with lower levels of education. They also had a greater proportion ...

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BancorpSouth posts record $234.3M profit for 2019

By DENNIS SEID / Daily Journal BancorpSouth Bank reported fourth-quarter net income of $65.8 million, or 63 cents per share. The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share. The bank posted revenue of $278.5 million in the period. Its revenue net of interest ...

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