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Banking & Finance

PriorityOne Bank welcomes Worthy

PriorityOne Bank announced the hire of James Worthy. Worthy will be serving as Assistant Vice President and Commercial Loan Officer for PriorityOne at their Flowood Location. James joins PriorityOne Bank with experience as a Commercial Credit Underwriter and Commercial Loan Officer. He studied Managerial Finance and Real Estate at The University of Mississippi and has completed a Managerial Bank Training ...

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PriorityOne Bank promotes Eiland

PriorityOne Bank announced the promotion of Haleigh Eiland. Eiland will be serving as Loan Assistant/ Branch Officer for PriorityOne’s Seminary Branch. Haleigh holds an Associates Degree from Jones County Junior College, and attended The University of Southern Mississippi. She has been with PriorityOne Bank since June of 2015. She has served in many areas of the bank, most recently, Loan ...

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Planters Bank announces promotions at Ruleville branch

Planters Bank announced the promotion of Chris West to President and Alicia Chandler as Vice President of the Ruleville branch. Chris West, a native of Ruleville, has been with Planters Bank for thirty-one years. She has served in many roles while at the bank including bookkeeper, CSR, Teller Supervisor, and Loan Officer. She is a graduate of Mississippi Delta Community ...

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Moore named assistant VP at Community Bank

Jennifer Moore has been named Assistant Vice President. A native of Jackson, Moore recently served as SBA Loan Officer has been in banking for twenty-three years, eleven of those being with Community Bank. In her new role, Moore will continue to process and underwrite SBA loans for approval, as well as, assist lenders with any questions they may have regarding ...

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Mississippi bank buys another bank for $20 million in stock

One Mississippi bank is buying another for $20 million in stock. Citizens Holding Co., the parent bank of The Citizens Bank of Philadelphia, announced Tuesday that it’s buying Charter Bank of Biloxi. Charter, with four branches on the Mississippi Gulf Coast, has $161 million in assets. Citizens says the combined company will have $1.2 billion in assets. Regulators and shareholders ...

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HOME TOWN — Rasberry helps make Laurel a special place to live

By NASH NUNNERY To say Jim Rasberry loves his hometown of Laurel might be the understatement of the century. In 2006, Rasberry Financial Services was one of a handful of tenants occupying the city’s once-bustling downtown. Many small businesses had left for other areas of town. Federal urban renewal projects had turned the center of Laurel into what resembled a ...

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Your home as a retirement asset? Yes, but higher returns are possible

By TED CARTER Retirement security may await at the end of a rainbow, but is leaving a home behind the best way to get to it? Yes and no, a financial planner and finance professor say. But for Gary Parker, it’s not even a close call. Homeownership and retirement security are synonymous, he says. That’s not surprising since Parker sells ...

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COMMERCIAL FINANCE 701 — Swapping a floating rate for a fixed rate

In the commercial loan world, pricing is frequently tied to a floating (variable) rate index, which places the risk of a rising interest rate squarely on the borrower.  Depending on the term and size of the loan, the underlying financial strength of a borrower, risk aversion, and soothsaying predictions about the direction of interest rates, a borrower might want to ...

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Origin Bank hires Savana Skelton

Origin Bank announced that Savana Skelton has joined the company as a mortgage loan officer for the bank’s home lending division in Mississippi. Skelton has 10 years of mortgage experience, specializing in all types of real estate lending. In her position at Origin she will be responsible for creating new relationships for the bank’s home lending division and assisting her ...

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