Home » NEWS » Banking & Finance (page 7)

Banking & Finance

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

Peoples promotes three

Peoples Bank announced that Linda Lowe has been named SBA Credit Officer, Rhonda Welch named Assistant Vice President and Ashley Wester has been promoted to Marketing Officer. Lowe joined Peoples Bank in 2014 and has served in the bank’s Small Business Administration loan department for the past five years, serving as an SBA Lending Specialist. Prior to that assignment, Lowe ...

Read More »

Trustmark: net income up $33.3 million for quarter

Trustmark Corp. has reported net income of $33.3 million in the first quarter of 2019, or 51 cents per share. Trustmark declared a quarterly cash dividend of 23 cents per share, June 15 to shareholders of record on June 1. Gerard R. Host, president and CEO, stated in a news release: “We had a great start to the new year ...

Read More »

Hancock Whitney to buy struggling Louisiana bank for $213M

A Mississippi bank is buying a Louisiana bank and also expanding its Texas footprint. Hancock Whitney Corp. of Gulfport announced Tuesday that it will buy MidSouth Bancorp of Lafayette for $213 million in stock. MidSouth has been losing money, struggling with bad loans. MidSouth sold more stock, closed branches and sold off some loans. But it again posted a loss ...

Read More »

MISSISSIPPI PROFILES — Hardy Reed: A business built on trust

In a recent conversation with Scott Reed, CEO of Hardy Reed, I asked what differentiates Hardy Reed from other investment firms. “The key focus for our company is Objective Fiduciary Guidance,” Scott said. “Whereas most investment firms earn commissions from the transactions they manage, we work on a fee basis with our clients, and our prime objective is in creating ...

Read More »

White named as Internal Auditor, Assistant Vice President

Renasant has announced Michelle White has joined Renasant as Internal Auditor, and Assistant Vice President. White brings more than 18 years of banking and audit experience to her new position, and will be located at the Main Branch in Tupelo. White is a graduate of the Mississippi University for Women with a Bachelor of Business Administration, and completed the Graduate ...

Read More »

Universal bankers hired for Planters Bank’s Southaven branch

Planters Bank has announced the hiring of Elyssa Howell and Carson Phillips as universal bankers for the Southaven branch. Howell received her Bachelor’s degree in Integrated Marketing and Communications with a minor in Business from the University of Mississippi. She was awarded the University of Mississippi’s Trailblazer Award for Leadership and served as Miss Collierville. She volunteers with the Make ...

Read More »

Talbert hired as First Vice President

Planters Bank has announced the hiring of Jack Talbert as First Vice President for the Southaven branch. Talbert has held executive lending roles in Desoto County since 2004 and served as Vice President and Senior Vice President at two other local financial institutions. In 1992, he received his Bachelor of Business Administration from Christian Brothers University in Memphis, TN. He ...

Read More »