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Banking & Finance

Renasant reports 2019 profit of $167.9 million

By DENNIS SEID / Daily Journal Renasant Corp.on Tuesday reported fourth-quarter net income of $38.7 million, or 67 cents per share. For the fourth quarter a year ago, the Tupelo-based bank had earnings of $44.4 million, or 76 cents per share. The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for ...

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Cleveland State Bank celebrates 10th anniversary

Cleveland State Bank celebrated its 10th anniversary of opening a full-service branch in Grenada. This celebration culminated with the unveiling of a new marquee officially renaming the Grenada branch to Grenada State Bank. Danny Whalen, President and CEO of Cleveland State Bank noted that the Grenada branch has been a fruitful and beneficial one for the bank and its customers ...

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Renasant’s Waycaster named to St. Louis Fed Reserve board

By DENNIS SEID / Daily Journal TUPELO – Mitch Waycaster, the president and CEO of Renasant Bank, has been elected to a three-year term on the board of the Federal Reserve Bank of St. Louis. The St. Louis Fed is a corporation chartered under the Federal Reserve Act and is governed by a board of directors, whose nine members provide ...

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Williams joins Smith Shellnut Wilson

D. Dodd Williams, CFA, has joined Smith Shellnut Wilson Investment Counsel and Management in Madison as a senior vice president. Williams has over 27 years of experience in money management and investment portfolio strategy. He has spent the last 21 years working for investment banks, specializing in institutional fixed income portfolio management. He was previously a portfolio manager for Delta ...

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Ty Lambert named chief risk officer for BancorpSouth

BancorpSouth Bank announced the appointment of Ty Lambert as its chief risk officer, effective January 1, 2020. Lambert’s responsibilities include a broad portfolio of functions designed to maintain the integrity of the company’s continued efforts to identify, monitor and mitigate key risks facing the company and be accountable for enabling the efficient and effective governance of significant risks, and related ...

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Gordon Fellows assumes role of MBA president and CEO

Gordon Fellows has been appointed by the Mississippi Bankers Association (MBA) Board of Directors to become the president and CEO of the MBA January 1, 2020. Fellows has been with the MBA since 2012, most recently serving as the Senior Vice President of Government Relations. Since 2012, Fellows has lead association lobbying efforts with elected and appointed state and federal ...

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Leake and Goodlett buildings being demolished; BNA Bank buys property

By DENNIS SEID / Daily Journal TUPELO • The buildings on the historic Leake and Goodlett property downtown in Tupelo are being demolished, making way for what will eventually be an office for BNA Bank. The New Albany-based bank purchased the Main Street property earlier this year for an undisclosed sum, but it has no immediate plans for it. BNA, ...

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Kikuchi named assistant vice president, receives certificate of commendation

Renasant has announced the promotion of Mieko Kikuchi to Assistant Vice President – Japanese Liaison, and the recognition of being awarded the Foreign Minister’s Certificate of Commendation from the Ministry of Foreign Affairs of Japan. Kikuchi was recently presented an honorary certificate by the Board of Directors of Renasant Corporation and Renasant Bank to recognize this well-deserved honor. “It is ...

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Southern Bancorp’s Von Kanel promoted to regional president

Southern Bancorp announced the promotion of Wendy Von Kanel to regional president, a leadership position in which she will help manage operations in Phillips and Mississippi County, Arkansas as well as DeSoto County, Mississippi. Von Kanel previously served as Market President for Phillips County. “I want to congratulate Wendy on her well-deserved promotion,” said Southern Bancorp, Inc. CEO Darrin Williams. ...

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The First Bancshares, Inc. and Southwest Georgia Financial Corporation announce merger agreement

The First Bancshares, Inc. (NASDAQ: FBMS) (“The First Bancshares” or “the Company”), holding company for The First, A National Banking Association (“The First”), and Southwest Georgia Financial Corporation (NYSEAMERICAN: SGB) (“SGB”), parent company of Southwest Georgia Bank, have announced the signing of an Agreement and Plan of Merger (the “Merger Agreement”) pursuant to which The First Bancshares has agreed to ...

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