Home » Tag Archives: banking and finance

Tag Archives: banking and finance

Proposed new federal rules would extend fiduciary laws to 401(k) rollovers

By BECKY GILLETTE Should consumer protection fiduciary laws in place for 401(k) and pension plans be extended to rollovers and IRAs? A proposed new Department of Labor regulations would require all investment advisers to put the financial interests of their clients first when providing 401(k) rollover or IRA investment advice. Supporters say the new rules would save retirement investors about ...

Read More »

Trustmark Corporation announces 2014 financial results

JACKSON — Trustmark Corporation (NASDAQ:TRMK) reported net income of $28.1 million in the fourth quarter of 2014, which represented diluted earnings per share of $0.42. For the full year 2014, net income totaled $123.6 million, which resulted in diluted earnings per share of $1.83, an increase of 4.6% from the prior year. Trustmark’s performance during 2014 produced a return on average tangible ...

Read More »

Community Bancshares still a top destination for borrowers seeking SBA loans

Brandon-based Community Bancshares continues to run far ahead of other Mississippi banks in the amount of money loaned to businesses through the Small Business Administration. Community Bancshares, the $2.5 billion parent of four separately chartered Community Bank companies based in Biloxi, Ellisville, Brandon and Amory, made slightly more than $47 million in SBA loans from Oct. 1 through Aug. 31. ...

Read More »

Trustmark’s military internship program helps military veterans make transitions

Trustmark Bank is recruiting heroes for its military internship program. The bank recognizes the desirable work traits of those who have served in the armed forces and honors their commitment to service. “We are proud to express our gratitude and exercise our commitment to military service by offering professional assistance to former and current military service members through this program,” ...

Read More »

MARK BLACKWELL: It’s a matter of trusts

When asked to whom he intended to leave his assets at his death, one of our clients responded, “I plan on spending my last few thousand dollars on my casket.”  Another client quipped, “If I have a nickel left over, then I miscalculated!” Despite the occasional one-liner about spending their children’s inheritance, however, most people tend to have a desire ...

Read More »

Banking at the Post Office — Payday lenders more accepting of idea than bankers

The U.S. Postal Service may soon take financial services where traditional banks are no longer eager to be — low- and moderate-income neighborhoods in Mississippi and elsewhere around the country. Savings accounts, debit cards and small loans would become as common place at some post offices as Forever Stamps and parcel packages. Advocates for people who lack such financial services ...

Read More »