Posts Tagged ‘acquisition’

Renasant sees rise in post-M&F merger profits

TUPELO — Renasant Corp. says profit in 2013′s fourth quarter rose 55 percent in the first reporting period following its takeover of First M&F Corp. Yesterday, Renasant posted quarterly profit of $11.3 million, or 36 cents per share. That’s up from $7.3 million, or 29 cents per share, in 2012′s fourth quarter. Because the period […] [...]

Court rules against businessman in tour bus case

TUPELO — The state Court of Appeals has upheld a ruling that Tupelo businessman Bill Kinard was competent when he agreed in 2011 to sell a tour bus at auction. For the past three years, Kinard and Larry Michael of Nashville have disputed debts associated with retrieval of the bus from Washington State in early […] [...]

Offer made for Natchez Regional Medical Center

NATCHEZ — Officials say an offer has been made for the purchase of the county-owned Natchez Regional Medical Center. Hospital Board chairman the Rev. Leroy White tells The Natchez Democrat the board will be meeting this week to discuss it with Healthcare Management Partners CEO Scott Phillips. HMP was hired last July to help facilitate […] [...]

B&K shareholders agree to merger with Home Bancorp

NATCHEZ — Shareholders of Britton & Koontz Capital Corporation, the parent company of Britton & Koontz Bank, N.A., have approved the merger of the company with and into Home Bancorp Inc. Terms were not disclosed. W. Page Ogden, president and CEO of B&K Capital, said, “We are pleased that our shareholders have overwhelmingly approved the […] [...]

BancorpSouth merging with La. bank in stock/cash deal

TUPELO — BancorpSouth Inc. has signed a definitive merger agreement with Ouachita Bancshares Corp. and its wholly owned subsidiary, Ouachita Independent Bank (OIB) headquartered in Monroe, La., whereby Ouachita Bancshares Corp. will be merged with and into BancorpSouth, Inc. OIB operates 12 full-service banking offices; six in the Monroe-West Monroe, La., area, four in the […] [...]

Wyatt, Tarrant & Combs acquires firm; grows to 200 attorneys

JACKSON — Wyatt, Tarrant & Combs LLP has acquired Barfield & Associates, a full-service Jackson-based law firm, in a move that creates one of the largest law firms in the Jackson area and more than 200 attorneys in four states. Joining Wyatt, Tarrant & Combs’ Litigation and Dispute Resolution service team are: David A. Barfield, […] [...]

Molpus Woodlands buys New York timberland

JACKSON — The Molpus Woodlands Group, LLC, a timberland investment management organization, on behalf of a client has purchased approximately 130,659 acres in New York for approximately $57,500,000. Located in St. Lawrence, Clinton, Franklin and Lewis counties in the north-central part of upstate New York, the property is almost entirely within the boundaries of New […] [...]

Illinois company buys Olive Branch shopping center

OLIVE BRANCH — Inland Real Estate Income Trust Inc. of Oak Brook, Ill., has acquired the 159,258-square-foot Wedgewood Commons Shopping Center in Olive Branch for a purchase price of $33.9 million. The property consists of four buildings and an existing structure suitable for the development of an additional 10,838 square feet of leasable space, increasing […] [...]

Ergon buys Bunge North America’s interest in joint venture

JACKSON — Ergon Inc.’s wholly owned subsidiary, Ergon Ethanol Inc., has acquired Bunge North America Inc.’s interest in and now owns 100 percent of Ergon BioFuels, LLC located in Vicksburg. Financial terms were not disclosed. Effective Dec. 31, 2013, Bunge-Ergon Vicksburg, LLC changed its name to Ergon BioFuels, LLC. Ergon BioFuels began as a joint […] [...]

Hard Rock Casino sells to Rhode Island company for $250M

BILOXI — A company from Rhode Island is buying the Hard Rock Hotel & Casino Biloxi for about $250 million. Twin River Worldwide Holdings of Lincoln, R.I., made the announcement yesterday. The sale is expected to be complete in June. The casino is currently owned by Premier Entertainment Biloxi LLC, a subsidiary of Leucadia National […] [...]

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