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Tag Archives: finance

Mississippi bank to buy Louisiana bank for $86M in stock

A Mississippi bank is buying a Louisiana bank. The First Bancshares Inc. of Hattiesburg announced Tuesday that it’s buying FPB Financial Corp. for $86 million in stock. The Hammond, Louisiana-based company owns Florida Parishes Bank, with $383 million in assets and seven offices in the Hammond and New Orleans areas. The First’s would spread its Louisiana footprint, filling a hole ...

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Higher tax withholdings point to more jobs filled; Mississippi sectors index shows gains

By TED CARTER The value of an index tracking Mississippi’s key business sectors rose a full 1 percent in August, maintaining an upward trend that began five months ago, state economists said in the October “Mississippi Business Report.” The growth in value tracked in the Mississippi Lead Index, or MLI, occurred in all sectors other than manufacturing, said Corey Miller, ...

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SBA puts stronger focus on small population areas with Rural Strong Initiative

By BECKY GILLETTE LaRosa The Rural Strong Initiative by the Small Business Administration (SBA) will put a stronger focus on nonurban areas of America, which includes small businesses in those areas throughout the country, said SBA Mississippi District Director Janita Stewart. Stewart said the Rural Strong Initiative Is particularly important for Mississippi with the state being so rural. The SBA ...

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Leard takes top position with Regions in Jackson

By JACK WEATHERLY Robert Leard Robert Leard has taken the reins of Regions Bank’s operations in metro Jackson. Birmingham-based Regions’ assets stand at $125 billion and it has 1,500 offices across the South, Midwest and Texas. It has 34 branches in the Jackson area banking market (Hinds, Rankin, Madison, Copiah and Yazoo counties) and 126 statewide. Regions does not reveal ...

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Renasant gets approval for Brand Group merger

By DENNIS SEID / Daily Journal TUPELO – Renasant Corp. has received approval from the Federal Deposit Insurance Corp. to complete its proposed merger of Brand Group Holdings Inc. Renasant Corp., the parent of Renasant Bank, announced in March its plans to acquire Brand in a deal valued at about $452.9 million in cash and stock. The merger, expected to ...

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Renasant customers get new quick payment app

By DENNIS SEID / Daily Journal Waiting for money to show up in your account – or a merchant’s account – doesn’t always have to take a few days. Digital P2P, or Peer-to-Peer, payment systems like PayPal, Venmo and Square aren’t new, but the transfer of money isn’t instantaneous. But a new system, Zelle, promises to have the exchange done ...

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