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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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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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Byrd named top mortgage banker

Margaret Byrd Margaret Byrd of The First, A National Banking Association, received the Mortgage Banker of the Year Award at the Mississippi Bankers Association Convention. Margaret previously owned and managed The Mortgage Connection and she is now Senior Vice President of Residential Mortgage Lending at The First. The Mortgage Connection was recently acquired by The First. Since 2001 the Mortgage Bankers ...

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Hattiesburg bank earnings rise to $1.9 million

Hattiesburg-based First Bancshares Inc. announced on Thursday that its net earnings for the first quarter were $1.9 million, or 36 cents per share, compared with $1.3 million, or 25 cents for the corresponding quarter in 2014. Assets grew by 4.8 percent to reach $1.1 billion as of March 31. Loans stood at $716 million, up $11.8 million in the quarter. ...

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