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Tag Archives: finance

HOME TOWN — Rasberry helps make Laurel a special place to live

By NASH NUNNERY To say Jim Rasberry loves his hometown of Laurel might be the understatement of the century. In 2006, Rasberry Financial Services was one of a handful of tenants occupying the city’s once-bustling downtown. Many small businesses had left for other areas of town. Federal urban renewal projects had turned the center of Laurel into what resembled a ...

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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 ...

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Integrated Teller Machine in New Hebron well received, Peoples says

By BECKY GILLETTE Peoples Bank, a small community bank that is based in Mendenhall, prides itself on having personal relationships with its customers. Often tellers know the names of customers, and might even ask about their family. So, at first glance, it might appear that a “video teller” installed in New Hebron would be more impersonal than a traditional bank ...

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Petro elected president of Mississippi Young Bankers

Marc Petro, of Community Bank of Mississippi, Ridgeland, has been elected to serve as president of Mississippi Young Bankers, a section of the Mississippi Bankers Association. Since 1950, Mississippi Young Bankers has been active in providing leadership development activities and supporting financial literacy programs of the MB Marc Petro A and its member banks. MYB members are involved in administering ...

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JUSTIN KELLY — Portfolio Diversification 101: Why It’s Important To Diversify Your Investments

“Diversification” is probably one of the first terms you see whenever you read about strategies for smart investing. But are you clear on exactly what it means to have a diversified portfolio and why you should care? Diversification Defined Diversifying your investments simply means making sure all of your money isn’t in just one financial “basket”. Instead of investing in ...

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TODD SMITH — U.S. Trust, Merrill Lynch brands ride into sunset post Bank of America Merger

Two of the most iconic names in banking are galloping into the sunset! Recently, Bank of America said it will gradually retire the U.S. Trust brand to become the Bank of America Private Bank. The move is part of CEO Brian Moynihan’s “one-company” strategy to more closely align the bank’s various businesses and branding. The company will also no longer ...

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BancorpSouth moving closer to $20B with two more mergers

By DENNIS SEID / Daily Journal TUPELO • BancorpSouth Bank is getting closer to becoming a $20 billion bank, announcing Wednesday it was expanding its presence in Texas and Florida. The Tupelo-based bank said it was acquiring Van Alstyne Financial Corp., the parent company of Texas Star Bank, and Summit Financial Enterprises Inc., the parent company of Summit Bank. The ...

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Take the long view regarding stock market volatility

By BECKY GILLETTE In December 2018, U.S. stock markets had their worst performance since 1931. The Dow Jones had its worst Christmas Eve on record. While those facts are very concerning, Mississippi investment advisers are recommending clients stay the course and avoid the temptation to sell stocks when the market is down so much. “The best advice I give my ...

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JUSTIN KELLY — You can’t time the market

Why you should avoid practicing market timing There are many things that could affect the overall equity market and any individual stocks you may own—from economic trends to geopolitical events like an election. What is certain is that the market will always have its peaks and dips. This market cycle can make it tempting for investors to attempt to buy ...

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Mississippi man reports to Arkansas prison for Ponzi scheme

A former Mississippi businessman sentenced to almost 20 years in prison for operating the largest Ponzi scheme in state history is in a federal prison in Arkansas. The Clarion Ledger reported that 58-year-old Arthur Lamar Adams of Madison County reported to the Forrest City Low Correctional Institution in Forrest City, Arkansas, on Monday. Adams had asked to serve his sentence ...

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