Bancorpsouth is reaching out to the business community by creating a $500 million dollar loan fund to grow Mississippi. The announcement was made Friday morning by Bancorpsouth and Governor Phil Bryant.
The financial institution is putting up the loan pool in a private/public partnership with the state of Mississippi. The idea is to help grow more business opportunities and jobs by providing access to capital funding.
"It enables us to enlarge out ability to the types of banks we will be able to serve throughout the state and those that are looking at our state because we will have two different entities that will be looking for those opportunities," said Mississippi Development Authority Executive Director Brent Christensen.
Potential candidates for the loans will be identified through the Mississippi Development Authority and Bancorpsouth's community banks.
Thursday, August 28 2014 9:33 AM EDT2014-08-28 13:33:06 GMT
SPARTANBURG COUNT, SC (WYFF) - Fifteen children living in a double-wide trailer were put into protective custody and seven adults were arrested, according to the Spartanburg County Sheriff's Office. DeputiesMore >>
Fifteen children living in a double-wide trailer were put into protective custody and seven adults were arrested, according to the Spartanburg County Sheriff's Office.More >>
Wednesday, August 27 2014 11:01 PM EDT2014-08-28 03:01:35 GMT
Who wouldn't feel sorry for a man that stands in front of you, nearly in tears, and talks about how his wife died eight months ago during labor.More >>
Who wouldn't feel sorry for a man that stands in front of you, nearly in tears, and talks about how his wife died eight months ago during labor, his mother just died, and now he is a single father raising a newborn all alone.More >>
Thursday, August 28 2014 4:49 PM EDT2014-08-28 20:49:29 GMT
A Jackson police officer has been hospitalized after being attacked in south Jackson. The department says it happened last night, while he was making an arrest, at the intersection of Forest Hill RoadMore >>
A Jackson police officer has been hospitalized after being attacked in south Jackson. The department says it happened Wednesday night, while he was making an arrest at the intersection of Forest Hill Road and Raymond Road.More >>
Thursday, August 28 2014 1:26 PM EDT2014-08-28 17:26:05 GMT
This is a news release from the office of Judge Hollis McGehee Special Judge Hollis McGehee has scheduled a status conference and hearing for 9:30 a.m. Wednesday, Aug. 20, in the Circuit Court CourtroomMore >>
Special appointed Judge Hollis McGehee said he will file a scheduling order for the Chris McDaniel vs. Thad Cochran trial by the end of this week. More >>
Tuesday, August 26 2014 9:27 AM EDT2014-08-26 13:27:00 GMT
A Jackson Prep football player hospitalized following Friday night's game has died. Walker Wilbanks was transported Friday to the hospital during the second half of the school's home football game againstMore >>
Pressler says Walker's death was an "unfortunate freak event" revolving around the balance of sodium and water in the body. He says it had no reflection of being over or underhydrated.