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.
Mechanics Bank - Recent News & Articles
Interest rates are coming down, but only after one of the most brutal monetary tightening periods in modern history. And they’re probably coming down ...
Collectively, Americans now owe a record $1.17 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Ba...
ARK Invest founder and CEO Cathie Wood expects that a “changing of the guard” at the United States Securities and Exchange Commission may turbocharge ...
The new research looks at the UK’s banking sector and how it compares to other G8 countries. It notes that as a result of deregulation reforms, stable...
Inflation in the euro area rose from 1.7% to 2% in October, flash figures showed Thursday, coming in slightly higher than the 1.9% forecast. Core inf...
Mastercard introduced a new solution that will enable banks to facilitate commercial cross-border payments that are near real-time, predictable and tr...
Growth in the payments industry, which was once characterized by rapid expansion, is now slowing as the shift from cash to digital payments has reache...
Stripe, the FinTech giant, is reportedly in talks to acquire crypto startup Bridge for $1 billion, according to sources familiar with the discussions....
In a significant move to counteract international sanctions and reduce dependency on the global financial system Swift, Russia has called on BRICS nat...
The European Central Bank on Thursday cut its key interest rate to 3.25%, in its third quarter-percentage-point reduction of the year. The move had be...