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Tag Archives: finance

State bank stocks not hit as hard by late week market losses

Hancock, Bancorpsouth, Trustmark hold solid against the tide U.S. stocks are expected to turn sharply lower for the second straight day Friday, as investors remain jittery about President Obama’s new bank plan, which seeks to prohibit banks from owning hedge and private equity funds. Shares endured a second day of heavy losses, pushing them back to December levels after the ...

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Payday lenders still barred from city

STARKVILLE — The City of Starkville will not issue any permits for new payday lenders for at least a year, according to The Associated Press. The board of aldermen made the decision Jan. 19 after local officials said 20 such lenders in the city are enough. The moratorium will be in place at least until aldermen adopt a new comprehensive ...

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Millions in mortgage fraud alleged

Mississippi Valley Title alleges attorneys Charles and Chris Evans committed mortgage fraud on banks and induced Mississippi Valley Title to issue fraudulent title insurance policies. The claim was part of a motion filed in Madison County Chancery Court in October asking for a preliminary injunction. Charles Evans was an approved attorney for MVT, from whom the company accepted title work. ...

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Evans new president at FNC

FNC Inc. has appointed Glen Evans as president. His appointment was effective Sept. 1, 2009. The former FTN Financial SVP brings to the company more than 25 years experience in banking and finance. Evans will report directly to FNC CEO and co-founder Bill Rayburn and lead the fast-growth technology company as it expands its solutions for the origination, servicing, and ...

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Fitch rates Forrest General bonds

HATTIESBURG — Fitch Ratings has assigned an “A” rating to the expected issuance of the $44.99-million Mississippi Hospital Equipment and Facilities Authority’s series 2009 refunding bonds issued for the benefit of Forrest General Hospital (FGH). Fitch also affirms the rating on the hospital’s outstanding series 2007 and 2000 bond issues. The rating outlook is “stable.” Bond proceeds will be used ...

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Bankruptcy judge to decide tax dispute

BATESVILLE – A federal bankruptcy judge will decide whether the city of Batesville and Panola County can collect property taxes from the bankrupt Tri-Lakes Medical Center. U.S. Bankruptcy Judge David W. Houston III wrapped up a hearing this past week. Houston told attorneys for both sides that he will rule in the case in about a month. The city and ...

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Security Credit teams with Rudy

OXFORD — Security Credit Services has partnered with Rudy Ruettiger, the former Notre Dame football who was featured in the movie “Rudy,” aimed at helping those in tough financial circumstances. A dinner and speech was held earlier this month in Oxford at the Oxford University Club and in Atlanta at the Grand Hyatt in Buckhead. Each night was limited to ...

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