Posts Tagged ‘acquisition’

Hancock selling Whitney Bank branches in Houston

GULFPORT — Hancock Holding Co. says it will sell four Whitney Bank branches in Houston to Community Trust Bank of Ruston, Louisiana. Community Trust Bank will acquire $15 million in loans and $135 million in deposits, pending regulatory approval. The sale is expected to close by the end of March. No purchase price was disclosed. […] [...]

Renasant records highest quarterly earnings in 110-year history

TUPELO — Renasant Corporation saw net income for the third quarter of 2014 increase to $15,535,000, or basic and diluted earnings per share (EPS) of $0.49, as compared to $6,637,000, or basic and diluted EPS of $0.24, for the third quarter of 2013. The company’s balance sheet and results of operations as of and for […] [...]

BancorpSouth’s efforts focused on remediating regulatory concerns

TUPELO — BancorpSouth Inc. saw its net income rise more than 15 percent to $28.8 million in the third quarter, as loans and insurance commission revenue increased. The company reports noninterest revenue was $69.3 million, up from $62.5 million for the year-ago period. Insurance commission revenue played a large role, rising from $23.8 million to […] [...]

C Spire completes acquisition of MegaGate Broadband

RIDGELAND — C Spire says it has completed the acquisition of MegaGate Broadband, a regional provider of phone and Internet services to businesses. Terms were not disclosed. Based in Hattiesburg, MegaGate, founded in 1990, serves most Mississippi business markets as a competitive local exchange telecommunications provider and as an Internet service provider. As part of […] [...]

C Spire completes acquisition of MegaGate Broadband

RIDGELAND — C Spire announced today that it has completed the acquisition of MegaGate Broadband, a regional provider of phone and Internet services to businesses. Based in Hattiesburg, Mississippi, MegaGate, founded in 1990, serves most Mississippi business markets as a competitive local exchange telecommunications provider and as an Internet service provider. As part of the merger […] [...]

Canadian company purchasing Southern Lumber for nearly $50M

HERMANVILLE — A Canadian company is buying a sawmill in southwest Mississippi for $48.7 million. Canfor Corp. of Vancouver, British Columbia, said yesterday that it would buy Southern Lumber Co. of Hermanville from the Dearman and Sulser families. Southern Lumber makes pine boards, specializing in wide and long lumber, with a yearly capacity of 90 […] [...]

Fitch Ratings gives Trustmark a ‘stable’ outlook

JACKSON — Fitch Ratings has affirmed Trustmark Corp.’s (TRMK) ratings at “BBB+”/”F2”. The rating outlook remains “stable”. Fitch wrote: “TRMK’s ‘BBB+’ ratings reflect its good asset quality and the leading market share in TRMK’s home state of Mississippi and growing market share in other parts of the southeastern U.S. Furthermore, Fitch positively views the company’s […] [...]

Heartland Media, MSouth Equity buying Tupelo TV station

TUPELO — Heartland Media, LLC and MSouth Equity Partners have agreed to acquire the assets of television station WTVA, the NBC and ABC affiliate in Tupelo, from WTVA Inc. Terms were not disclosed. The acquisition will expand Heartland’s holdings to five stations. Other stations are located in Utica, New York, and Eugene, Medford, and Klamath […] [...]

Callon Petroleum stock sale for acquisitions raises $122M

NATCHEZ — Callon Petroleum Co. has raised $122 million from a stock sale, with plans to use the proceeds to pay for new oil and gas properties it plans to buy in the Permian Basin of west Texas. The Natchez-based company announced it has sold 14.38 million shares at $9 per share, paying about $7 […] [...]

Severstal completes the sale of Columbus plant to Steel Dynamics

COLUMBUS — Russian steel company Severstal has completed its sale of a pair of steel plants to AK Steel and Steel Dynamics. In a statement from Severstal’s press office, CEO Alexey Mordashov confirmed yesterday the sale of Severstal Columbus, LLC, which is located in northeast Mississippi, to Steel Dynamics Inc. and Severstal Dearborn, LLC to […] [...]

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