Cadence Bank of Starkville could be forced to sale or merge if the bank cannot meet capital requirements of a May consent order, according to a report by the Mississippi Business Journal.
The order was issued by the Office of the Comptroller of the Currency and signed by Cadence on May 19 of this year, and Cadence reportedly had until Sunday, Sept. 19 to meet the deadline. The MBJ report states that Cadence ended the second quarter with a net loss of $1.6 million and a Tier 1 leverage ratio of 5.25 percent, well short of the OCC's order to reach a minimum Tier 1 ratio of 9 percent.
A summer of love, fear and coming of age is what first time author John Cother will discuss Wednesday in his novel A Fear of Spiders during Luncheon With Books at the Bryan Public Library.
Cother discovered a love of writing at the age of six, and after 33 years as an educator, he has finally put his words down in a book that takes readers on an adventure with a brother and sister, JT and Lesi, determined to find answers about their family and themselves.
College graduates or young adults starting out on their own don't have to worry about not having health insurance thanks to the Affordable Care Act, which allows them to remain under their parents policy until the age of 26.