Archive | Banking & Finance

BancorpSouth mergers delayed until next year

BancorpSouth will have to wait until next year to complete its mergers with two banks. The company said Monday it needed additional time to complete its mergers with Ouachita Bancshares Corp. of West Monroe, Louisiana, and Central Community Corp. of Temple, Texas. BancorpSouth had announced the deals in January and had expected their completion by […]

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Posted in BancorpSouth, Banking & Finance, Business news, Mergers & acquisitions, Northeast Mississippi, Tupelo0 Comments

Appeals court rules Stanford Financial victims can’t get compensation

Stanford Financial Group victims who lost more than  $7 billion in a fraudulent investment scheme cannot get compensation from a financial services corporation created to compensate victims of financial fraud. An appeals court judge in Washington, D.C. on Friday agreed with a district court’s earlier decision that victims of the Ponzi scheme could not get compensation […]

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Posted in Banking & Finance, Business news, International, National, Northeast Mississippi, Stanford Financial, Tupelo0 Comments

BancorpSouth reorganizes senior management structure

Just announced by BancorpSouth – what it calls a “comprehensive management reorganization of the company’s senior management responsibilities and reporting structure.”  More from the Tupelo-based financial holding company: “The reorganization impacts the company’s entire senior management organization including its community bank system along with its mortgage, insurance, credit card services, wealth management and leasing and equipment financing […]

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Posted in BancorpSouth, Banking & Finance, Business news, National, Northeast Mississippi, Tupelo2 Comments

BancorpSouth taps new president and COO

Tupelo-based BancorpSouth Inc. has selected Chris A. Bagley as the next President and Chief Operating Officer of BancorpSouth Inc. and BancorpSouth Bank. Bagley will succeed James V. Kelley upon his previously announced retirement on Aug. 15. Kelley has been BancorpSouth’s President and Chief Operating Officer since the company’s merger with First United Bancshares Inc. in 2000.  Before […]

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Posted in BancorpSouth, Banking & Finance, Business news, National, Northeast Mississippi, Tupelo0 Comments

Three former Regions Bank execs charged with fraud

From the Securities and Exchange Commission:  The SEC today announced fraud charges against three former senior managers of Regions Bank for intentionally misclassifying loans that should have been recorded as impaired for accounting purposes.  As a result, the bank’s publicly-traded holding company overstated its income and earnings per share in its financial reporting.  The SEC […]

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Posted in Banking & Finance, Business news, National0 Comments

Alabama bank to open in second former M&F Bank location

CB&S Bank, based in Russellville, Ala., quietly moved from its Thomas Street office in Tupelo last  month, opening on West Main Street on May 19 in the former M&F Bank/Renasant Bank location. Later this month, CB&S is opening a second location, and again, it will be in a former M&F Bank/Renasant location. This one will […]

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Posted in BancorpSouth, Banking & Finance, Business news, New business, Northeast Mississippi, Renasant Bank, Tupelo0 Comments

Mississippi among top states for banking

MoneyRates has compiled its annual list of he best and worst states of banking.  Missouri ranked the highest, while Nevada was the worst. Mississippi ranked 12th. The following criteria was used to determine the list: Breadth of choice. These scores were based on the number of active banking institutions based in each state, according to the […]

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Posted in Banking & Finance, Business news, National0 Comments

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