Business
Protecting Main Street's Money, Strengthening Mississippi's Banks
Mississippi's banks are pillars of strength in their communities, and now we have the opportunity to make them even stronger.
About this update from Hancock Whitney Corporation
[{"type":"text","content":"Now is the time to modernize deposit insurance through the Hagerty/Alsobrooks Amendment","length":87,"tagName":"p"},{"type":"text","content":"Co-authored by: Cadence Bank, Hancock Whitney, Renasant, Trustmark","length":66,"tagName":"p"},{"type":"text","content":"Chairman and CEO of Cadence Bank, Dan RollinsPresident and CEO of Hancock Whitney Corporation, John M. HairstonPresident and CEO of Renasant, Kevin D. ChapmanPresident and CEO of Trustmark, Duane A. Dewey","length":207,"tagName":"p","attribs":{}},{"type":"text","content":"TUPELO, Miss., Aug. 25, 2025 /PRNewswire/ -- Mississippi's banks are pillars of strength in their communities, and now we have the opportunity to make them even stronger.","length":174,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":300,"url":"https://media.zenfs.com/en/prnewswire.com/67325a807a9fa9f3889571be215555ab"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/NAqvkj7HzwRoZfJ11SyZ4g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTUyOTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/67325a807a9fa9f3889571be215555ab","width":400,"height":300}},"href":"https://mma.prnewswire.com/media/2756312/OpEd_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"When most people think about "banking insurance," they picture their personal checking or savings account. The FDIC promise of up to $250,000 in protection for individual checking accounts is widely known and well-trusted. But what many don't realize is that countless small businesses, nonprofits and community organizations depend on a different kind of account—non-interest-bearing transaction accounts—to run payroll, pay vendors and keep their operations moving and businesses open.","length":501,"tagName":"p"},{"type":"text","content":"Right now, the money in those accounts isn't always fully protected. That means the funds a restaurant uses to pay its cooks and servers, or the reserves a nonprofit keeps for community programs, could be at risk if their bank fails.","length":237,"tagName":"p"},{"type":"text","content":"The Hagerty/Alsobrooks Amendment, which is currently being considered by Congress, would rectify this gap by extending deposit insurance to cover those everyday business accounts....