PASCAGOULA — Merchants & Marine Bank is opening its first Alabama branch in Gulf Shores.
Last November, the Federal Deposit Insurance Corp approved the bank’s acquisition of Heritage First Bank branches in Gulf Shores and Crossville. Crossville is in north Alabama.
Bank spokesman Todd Trenchard told the Sun Herald the bank will be known M&M Bank in Alabama. The name change was made in December.
M&M Bank opened its first offices in Pascagoula and Moss Point in 1932 with $25,000 and four employees, when the population of the two cities was 7,000.
It now has branches in Lucedale, St. Martin, Hurley, Wade, Moss Point, Ocean Springs, Gautier, Escatawpa and two in Pascagoula along with the main office.