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Tag Archives: finance

Underwriters of BancorpSouth offering exercise over-allotment option

TUPELO — BancorpSouth Inc. reports the underwriters for the recently announced public offering of BancorpSouth Inc. common stock have exercised in full their over-allotment option to purchase an additional 1,428,571 shares at a public offering price of $10.50 per share. The company intends to use the net proceeds of this offering for general corporate purposes, including to maintain certain capital ...

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Ex-bank adjuster gets jail time for fraud

GULFPORT — A federal judge has sentenced 45-year-old Lisa Brooks of Gulfport for defrauding her former employer, Hancock Bank, of nearly over $144,000. Chief U.S. District Judge Louis Guirola Jr. sentenced Brooks yesterday to serve two years in prison, with three years of supervised release, and to pay restitution. He also ordered her to perform 100 hours of community service ...

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Resort adds Warren, Deon

The Mississippi Band of Choctaw Indians has hired Connie R. Deon as Pearl River Resort’s executive direct of finance. Deon has over 15 years of experience in finance. Most recently, she was the financial controller at Isle of Capri Casino in Lula. Bryce Warren, the resort’s president/CEO, says Deon will assist in the planning, implementing, managing and controlling of all ...

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Trustmark signs agreement to buy Florida bank

JACKSON — Trustmark Corporation has signed a definitive agreement to acquire Panama City, Fla.-based Bay Bank & Trust Co. Under terms of the definitive agreement, the transaction is valued at $22 million, with $10 million of the consideration to be paid in cash and $12 million to be paid in common stock of Trustmark. The consideration represents approximately 85 percent ...

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BlueFire lands financing MOU for Fulton project

BlueFire Renewables, a California-based company, has entered into a memorandum of understanding with China Huadian Engineering Co. to finance its integrated Power Plant and Biorefinery in Fulton and up to five additional plants in the United States. According to Biofuels Digest, under the MOU, Huadian will invest equity by purchasing an interest in the BlueFire Fulton Renewable Energy, LLC and, ...

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BlueFire lands financing MOU for Fulton project

BlueFire Renewables, a California-based company, has entered into a memorandum of understanding with China Huadian Engineering Co. to finance its integrated Power Plant and Biorefinery in Fulton and up to five additional plants in the United States. According to Biofuels Digest, under the MOU, Huadian will invest equity by purchasing an interest in the BlueFire Fulton Renewable Energy, LLC and, ...

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Read the October 24th issue of the MBJ online

In this week’s MBJ — THE NATIONAL TELECOM TAKE ON C SPIRE: Stephen McDill asks national telecom experts what they think of the new marriage between Apple Inc. and Ridgeland-based C Spire. You might be surprised at what they told the Mississippi Business Journal. Also in this week’s paper: >> VOTER ID: Will the National government intercede in Mississippi’s Voter ...

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HOME OWNERSHIP

If proposed legislation being considered by Congress becomes law, the dream of home ownership will be a dream deferred for some and one increasingly illusive for others. Prospective homebuyers, lenders, Realtors and home builders are battling butterflies in their stomachs the size of 777 aircrafts over the proposed rules for “Qualified Residential Mortgages,” which would require a 20 percent down ...

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