Reposition
Water Valley, Mississippi
Strength of character, strong communication skills and stability are the cornerstone traits of both successful individuals and long-standing institutions. In 1892, J.V. Blackmur, the founder and first president of The Mechanics Savings Bank. Mechanics began modestly with paid capital of $8,000, an authorized capitalization of $25,000 and Mr. Blackmur’s commitment to serving the local community. Today, with assets totaling over $220 million, Mechanics remains focused on honoring the local customers who have partnered in the bank’s success for more than 125 years.
The People’s Bank of China held the 1-year loan prime rate at 3.1%, and the 5-year LPR at 3.6%, according to the PBOC statement. The PBOC has ramped up measures lately to avoid a sharp fall in the cur...
In recent days, multiple central bank policymakers not only have noted the uncertainty surrounding tariffs, they also have highlighted the potential impact on inflation. Chicago Fed President Austan G...
President Joe Biden said he believes his administration has done a “pretty damn good job” working to resolve the banking crisis and said he thinks it will “take a little while for things to just calm ...
