by Associated Press Published: June 5,2013
Tags: bank, banker, banking, branch, close, Closing, closure, downsize, downsizing, finance, financial institution
GULFPORT — Eight Whitney Bank branches in Louisiana are set to close at the end of August. Hancock Holding Co., the Gulfport-based parent company of Whitney Bank, announced it would close the Baton Rouge branches at 9800 Airline Highway, 2600 Citiplace Drive and 11659 Plank Road, along with a branch in Algiers, and one in [...] [...]
by MBJ Staff Published: June 4,2013
Tags: bank, banker, banking, downsizing, early retirement, employee, employer, finance, financial institution, payroll, retire, retiree, retirement, stasff
TUPELO — BancorpSouth Inc. has released the final results of the company’s previously announced voluntary early retirement program, which was offered to certain employees as a part of ongoing efforts to improve efficiency and operating performance. All responses were due, subject to applicable rescission rights, on or before May 23. Of the 418 employees who [...] [...]
GULFPORT — BauerFinancial Inc. has awarded Hancock Bank a 5-Star Superior rating for the quarter ending Dec. 31, 2012. Hancock Bank has received BauerFinancial recommendations (4-Star or 5-Star ratings) for 94 consecutive quarters — or more than 23 years. “By making common-sense business decisions, proactively managing risk, and understanding how people prefer to do business, [...] [...]
by MBJ Staff Published: May 17,2013
Tags: bank, banker, banking, damage, destruction, disaster, disaster recovery, emergency, emergency loan, entrepreneur, entrepreneurship, federal agency, finance, financial institution, loan, natural disaster, small business, tornado, Weather, wind
ACROSS MISSISSIPPI — The U.S. Small Business Administration reminds homeowners, renters, businesses and non-profit organizations of the deadline to submit disaster loan applications for damages due to the severe storms and tornadoes April 11-12. The deadline to apply for physical damage is June 17. Low-interest disaster loans are available in the following counties: Noxubee County [...] [...]
JACKSON — Trustmark National Bank has opened a new 12,000-square-foot office location on the first and second floors of the Nexen Building in Bunker Hill, Texas. The financial institution said it needs to expand as it continues to grow within the Houston market. Trustmark currently operates 15 locations in the Houston market, with loans outstanding [...] [...]
by MBJ Staff Published: May 13,2013
Tags: bank, banker, banking, finance, financial institution, initial public offering, invest, investing, investment, investor, publicly traded company, share, stock
GULFPORT — First NBC Bank Holding Company, the New Orleans-based holding company for First NBC Bank, has priced its initial public offering of 4,166,667 shares of common stock at a price to the public of $24 per share. The common stock has been approved for listing on the NASDAQ Global Select Market, trading under the [...] [...]
by MBJ Staff Published: May 6,2013
Tags: aid, assistance, bank, banker, disaster, disaster recovery, emergency, entrepreneur, entrepreneurship, finance, financial institution, flood, flooding, hurricane, loan, natural disaster, rain, small business, tropical, Weather, wind
SOUTHEAST MISSISSIPPI — The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes that June 3 is the filing deadline for federal economic injury disaster loans available in Clarke, George, Greene, Jackson,Lauderdale and Wayne counties as a result of Hurricane Isaac. Under this declaration, the SBA’s Economic Injury Disaster [...] [...]
by MBJ Staff Published: May 3,2013
Tags: agriculture, bank, banker, banking, cooperative, earnings, farm, farmer, farming, finance, financial institution, loan, net income
AUSTIN, Texas — Farm Credit Bank of Texas (FCBT) reports net income for the quarter ended March 31, 2013, totaled $53.8 million, a 57 percent increase from the same period of 2012. The increase was due largely to a $6.4 million increase in noninterest income, combined with a $13.7 million decrease in provision for loan [...] [...]
by MBJ Staff Published: May 2,2013
Tags: aid, bank, banker, banking, damage, destruction, disaster, disaster assistance, disaster recovery, emergency, entrepreneur, entrepreneurship, federal agency, finance, financial institution, flood, flooding, hurricane, loan, natural disaster, rain, severe weather, small business, storm surge, topical weather, tornado, tropical, Weather, wind
ACROSS MISSISSIPPI — The U.S. Small Business Administration is reminding businesses in Mississippi that working capital loans are still available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations affected by Hurricane Isaac. The deadline is May 30. Economic Injury Disaster Loans up to $2 million are available [...] [...]
by Associated Press Published: April 30,2013
Tags: acquire, acquisition, bank, banker, buy, expand, expansion, finance, financial institution, merger, n=banking, publicly traded company, sale, sell
HATTIESBURG — The First Bancshares Inc. has acquired First National Bank of Baldwin County, Ala. Terms of the acquisition, announced yesterday, were not made public. Officials say the acquisition expands The First into Alabama with five new branches. The First will now have 24 locations in Mississippi, Louisiana and South Alabama. The First will now [...] [...]
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