Tag Archives: banking

Wes Rouse of Magnolia State Bank in Hattiesburg has been elected to serve as President of Mississippi Young Bankers, a section of the Mississippi Bankers Association. Bob Glover of The Peoples Bank in Ripley was elected Vice-President, and Marc Petro of Community Bank in  Ridgeland is Treasurer. MYB conducts programs around the state about personal finance. The section also promotes leadership ...

We’ve all seen or heard the conventional rap on collegiate student-athletes: preferential treatment while taking the easiest courses offered. At The University of Southern Mississippi, that long-held stereotype has been expelled. Enter Cameron Tom, Picasso Nelson Jr., Parker Adamson, Brittany Taylor, and Randall Dias II – scholarship student-athletes who are making distinct marks in the highly demanding banking and finance ...

By JACK WEATHERLY Regions Bank announced Monday that it will build a 75,000-square-foot operations center in Hattiesburg at a cost of $23 million and add 90 jobs. The facility will accommodate employees now working in three locations in downtown Hattiesburg, the bank said in a news release. Birmingham-based Regions Financial Corp. is by far the largest bank operating in Mississippi, ...

By BECKY GILLETTE Jim Rasberry, 34, owner and president of Rasberry Financial Services in Laurel, got an early start in the industry. “I got a life insurance license when I was 19 and started selling life insurance when I was a sophomore in college,” Rasberry said. “When I was a junior in college, I got an investment license and started ...

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 ...

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 ...

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 ...

» 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 ...

By ALAN TURNER Following the passing of founder Thomas Brown, Magnolia State Bank named Lillous Shoemaker as its President. Lillous grew up in Bay Springs, graduated from the University of Southern Mississippi, got her law degree from Ole Miss, an LLM from New York University, then lived in New York for 2 years before returning to her home town to ...

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 ...