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Banking & Finance

Trustmark’s Moore, Hall, Lewis, Padgett, Burcham see job changes

Trustmark recently made five staff changes at its corporate headquarters in Jackson. Mortgage Systems Administrator Lee Moore has been promoted to Vice President. Moore has 27 years of banking experience. He attended Hinds Community College. Moore is active in his community, where he serves as a member of the Rescue Revolution of Mississippi and Remos Rescue. Commercial Relationship Manager Associate Julie ...

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Lauren Black named president of Starkville Business Network

Lauren Black, MBA, a certified financial planner at Phillips Financial in Starkville, was recently named President of the Starkville Business Network. The Starkville Business Network was founded in the summer of 2015. Black is among the founding members, along with Cory Lucius (Shelter Insurance), Kass Green (Tom Smith Land & Homes), Christina Lucas (Tom Smith Land & Homes), Cole Brazil ...

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Barnes makes Barron’s list

Dustin M. Barnes, CFP, financial adviser at Barnes-Pettey Financial Advisors, LLC, and Raymond James Financial Services in Clarksdale, was recently named in Barron’s list of “Top 1,200 Advisors” in the country. The list is based on research, surveys and interviews, weighing factors such as advisor’ assets under management, revenue generated, quality of service and regulatory records. Barnes-Petty has offices in ...

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Origin Bank hires Eatherly

J. Gibson Eatherly has joined Origin Bank as a senior vice president, commercial relationship banker for the company’s Jackson team. Eatherly has 17 years of banking experience, with specialties in a variety of areas. In his position at Origin Bank, he will focus on developing new business relationships and providing current and future clients with banking service. Eatherly has a ...

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UPDATE: S&P latest to hit Mississippi with negative credit outlook

  By TED CARTER It could have been worse. That’s the assessment Mississippi State Treasurer Lynn Fitch made after a Standard & Poor’s credit outlook downgrade to negative for Mississippi’s general obligation bond debt. Mississippi’s gets to keep its AA rating from S&P Global Ratings, but the ratings agency doesn’t see a fiscal turnaround ahead for the state any time soon. ...

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State thus far has not benefited from ‘Trump effect’

  By JACK WEATHERLY In the short view, the outlook for the Mississippi economy has improved nicely. The economy for 2017 is projected by the Institutions of Higher Learning’s University Research Center (URC) to expand by 1.9 percent over 2016, up 0.4 percentage points from the last previous estimate. But the expansion is far below the 2.6 percent growth for ...

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Louisiana bank failure is costliest since financial crisis

Regulators on Friday seized New Orleans-based First NBC Bank in the costliest bank failure since the financial crisis, with cleanup costs estimated at $1 billion . The Louisiana Office of Financial Institutions handed the bank to the Federal Deposit Insurance Corp. in the fourth failure of a federally insured bank this year. Hancock Holding Co. of Gulfport, Mississippi, bought $1.6 billion in ...

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Trustmark net income up for first quarter

  MBJ staff Trustmark Corp.’s net income for the first quarter was $31.2 million, or 46 cents per share, compared with $27 million, or 43 cents per share, a year earlier, the Jackson-based bank holding company reports. The earnings report does not reflect the acquisition of Athens, Ala.-based Reliance for $23.7 million in cash, a deal that was finalized April ...

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Temple, Winstead promoted

Noel Temple and Allison Winstead have been promoted at Peoples Bank in Magee. Temple has been named Loan Operations Officer and Winstead has been promoted to Collections Officer. Temple has been in banking for 28 years, the last 14 with Peoples Bank. She is a graduate of Raleigh High School and studied Data Processing at East Central Community College. She ...

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Dickson to chair bank group

Dave Dickson, a native of Crystal Springs, was recently installed as the 2017-18 Chairman of the Arkansas Bankers Association. Dickson is President and CEO of Union Bank & Trust Company in Monticello, Ark. He is also a member of Union Bank’s and First Union Financial Corporation’s Board of Directors.  Dickson is holds a bachelor’s degree in Banking and Finance from ...

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