JACKSON, Miss. - (10/27/04) -- Six area companies have pledged toinvest $5.5 million in Enterprise Corporation of the Delta and itsHope Community CU affiliate to help fund affordable housing andcreate jobs in the economically depressed areas in the MississippiDelta under the federal government's New Markets Tax Creditsprogram. Under the tax credits program, private investors receivefederal income tax credits in exchange for investments in eligibleinstitutions, like the community development credit union. HopeCommunity CU is currently the only credit union in the countryreceiving funding under the program. The area companies investingin the company are: BankPlus, Beau Rivage Resort and Casino,Trustmark Corp., AmSouth Bancorp., Entergy Corp., and Bank of theOzarks.
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The San Antonio-based bank said that loan growth, fueled in part by its expansion in key Texas markets, may compensate for pressure on deposits. It slashed the number of rate cuts it expects this year from five to two.
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Mississippi's Renasant names its next CEO; environmental fintech Aspiration Partners spins out its consumer brand; the OCC adds five weeks to comment period for Capital One-Discover merger; and more in the weekly banking news roundup.
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The Wisconsin banking company forecasted loan growth of 4% to 6% for the full year, driven by an expansion into new commercial and consumer credit lines as well as enduring economic strength in the Midwest.
2h ago -
In the inaugural iteration of American Banker's news quiz, test your knowledge on top articles covering the legal battles of the Consumer Financial Protection Bureau, new technology testing at JPMorgan Chase, earnings season and more.
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To build their executive presence in meetings and on video calls, junior employees should embrace flexible schedules — and possibly media training, Michelle Young of Worldpay and Anna Greenwald of MoneyGram International said at American Banker's Payments Forum.
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Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
April 25