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Tag Archives: finance

Mississippi bank accused in lawsuit of unfair overdraft fees

Two women say in a lawsuit that a Mississippi-based bank is unfairly charging overdraft fees. The Clarion Ledger reports Cryesha McDonald of Waynesboro and Chantal Lewis of Jackson sued Trustmark National Bank this month in federal court in Jackson. Lawyers representing the women seek approval for a class-action lawsuit representing all the bank’s customers. They allege Trustmark also charges surprise ...

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Trustmark Names Duane A. Dewey Chief Operating Officer

Trustmark Corporation has announced that Duane A. Dewey has been named Chief Operating Officer of Trustmark National Bank effective January 1, 2019. Gerard R. Host, President and Chief Executive Officer, commented, “Duane is a valuable member of our executive team and has a distinguished record of achievement during his 15-year tenure at Trustmark. He understands our customers, markets and culture ...

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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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