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New Magnolia State Bank branch adds to excitement of downtown Laurel’s revival

By BECKY GILLETTE LAUREL — Magnolia State Bank (www.bankmagnolia.com) recently held a grand opening of its new branch of the bank in a triangular-shaped, landmark historic building downtown that housed the Laurel Mercantile in the late 1800s. “They are bringing new jobs and excitement to the area, but they aren’t new to downtown,” said Jim Rasberry, Rasberry Financial Services, who ...

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Hattiesburg’s The First Bancshares announces the acquisition of Iberville Bank and Gulf Coast Community Bank

The First Bancshares, Inc. (NASDAQ: FBMS), holding company for The First, A National Banking Association, (www.thefirstbank.com), based in Hattiesburg, has announced that it has acquired Gulf Coast Community Bank, based in Pensacola, FL and Iberville Bank, based in Plaquemine, LA. The First Bancshares President and CEO Hoppy Cole said: “We are pleased to welcome the customers and staff of both ...

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‘The sky is the limit’ — MDA optimistic about 2017

By BECKY GILLETTE What’s ahead for Mississippi’s economy in 2017? Mississippi Development Authority Executive Director Glenn L. McCullough Jr. expects 2017 to be another exciting year in economic development in Mississippi. “Gov. Phil Bryant and the Mississippi Legislature have enacted several strong, pro-business measures like the phaseout of the franchise tax and the creation of the Mississippi Works fund which dedicates ...

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Scianna Hall ‘transformative’ for USM College of Business, dean says

» Business student numbers up while USM total enrollment is down   By TED CARTER / Hattiesburg Business Today Faye Gilbert narrowly missed getting to inaugurate a new home for the College of Business and Economics at Radford University in Virginia, where she served as business school dean. But the opportunity arose anew upon her arrival at the University of ...

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Analysis: Mississippi tightens bond rules for long-term debt

Don’t take on long-term debt to cover day-to-day expenses. Don’t use credit to buy stuff that will wear out before it’s paid off. It’s advice many parents give their soon-to-be adult children. And, in a nutshell, it’s what the Mississippi Bond Commission says in rules it recently adopted. The rules were written partly in response to a $308 million bond ...

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First Banshares plants flag in Florida, Louisiana with new acquisitions

» Parent company of The First fulfills market expansion strategy set in 2009 By TED CARTER / Hattiesburg Business Today Hattiesburg’s First Banshares first envisioned a market that stretched from Baton Rouge to Pensacola seven years ago. The $1.2billion holding company parent of The First reached that goal last week with agreements to acquire Iberville Bank in a cash deal ...

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Hattiesburg bank to buy Louisiana, Florida lenders

Hattiesburg Business Today First Bancshares Inc. of Hattiesburg has announced the purchase agreements for two banks for more than $33 million. The holding company for The First, First Bancshares Inc., in a cash deal bought common shares valued at $31 million to acquire Iberville Bank of Plaquemine, La. First Bancshares also announced an all- stock agreement with Gulf Coast Community Bank of ...

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Hattiesburg bank makes appointments

The First, A National Banking Association, recently made made Krystal Phillips the Branch Manager at the 40th Avenue office in Hattiesburg, and named Wilson E. (Billy) Brunt as Market President Commercial Lender in Jackson. Phillips was born in Beaufort, S.C., and grew up in Jacksonville, N.C. She attended Coastal Carolina Community College. She has more than 11 years of Bank Management and Retail Development ...

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