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Tag Archives: finance

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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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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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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Stocks up with hopes that US-China trade deal still on track

Stocks climbed Wednesday and recouped some of their losses from prior days on hopes that a U.S. trade deal with China may be nearing, despite tough recent talk from President Donald Trump. The market has swung sharply for months on every hint of progress about talks between the world’s largest economies, and the latest flip-flop followed a report from Bloomberg ...

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Asian shares slip after US stock tumble amid trade tensions

Asian shares slipped Tuesday, following a drop on Wall Street amid pessimism over U.S.-China trade tensions. Japan’s benchmark Nikkei 225 lost 0.7% to 23,379.05. Australia’s S&P/ASX 200 slid 2.0% to 6,725.30. South Korea’s Kospi declined nearly 0.5% to 2,082.45. Hong Kong’s Hang Seng fell 0.1% to 26,415.70, while the Shanghai Composite was down 0.1% at 2,872.74. Technology companies led a ...

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For banks, data on your spending habits could be a gold mine

There’s a powerful new player watching what you buy so it can tailor product offerings for you: the bank behind your credit or debit card. For years, Google and Facebook have been showing ads based on your online behavior. Retailers from Amazon to Walgreens also regularly suction up your transaction history to steer future spending and hold your loyalty. Now banks, too, ...

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Multistate lottery games start in Mississippi on Jan. 30

The new Mississippi Lottery will start offering multistate games on Jan. 30. The state’s lottery corporation on Tuesday announced the date that Powerball and Mega Millions will be available in Mississippi. The corporation said last week that the sale of scratch-off tickets for single-state games in Mississippi will begin Nov. 25. Mississippi has been one of six states without a lottery, but ...

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Renasant posts $37.4 millon in third-quarter earnings

TUPELO • Renasant Corp., the parent company of Renasant Bank, reported third-quarter net income of $37.4 million, or 64 cents per share. That compares to $32 million, or 61 cents per share, a year ago. Renasant’s revenue for the third quarter was $146.78 million, an increase of 6.7 percent. Net income for the first nine months of the year was $129.2 ...

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BancorpSouth earns $63.8 million during third quarter

TUPELO • BancorpSouth Bank reported earnings for the third quarter of $63.8 million, or 63 cents a share. That compares to net income net income of $66.7 million, or 67 cents per share for the third quarter of 2018. For the quarter, the Tupelo-based bank had revenue off $242.03 million, a 13.2% increase compared to a year ago. Although earnings were ...

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