Posts Tagged ‘bank’

Citizens Holding offering increased quarterly dividend

PHILADELPHIA — Citizens Holding Company’s board of directors has declared a cash dividend of $0.23 per share payable Dec. 31 to shareholders of record as of Dec. 15. “Today I am announcing our fourth quarter 2014 dividend of $0.23 per share,” said Greg L. McKee, president and CEO. “This is an increase of $0.01 per […] [...]

BauerFinancial gives Hancock five stars for 100th consecutive quarter

GULFPORT — BauerFinancial Inc. has again awarded a 5-Star Superior rating to Hancock Bank. That recommendation (Bauer’s highest rating) affirms the bank as one of America’s strongest, safest financial institutions for the 100th consecutive quarter — 25 years in a row. BauerFinancial awarded its 5-Star rating to Hancock based on the company’s capital, asset quality, […] [...]

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. […] [...]

BlueFire looks to China for financing of biofuel plant

FULTON — A California-based biofuel company says the Export Import Bank of China may loan up to $270 million to build a plant in Fulton. BlueFire Renewables Inc. of Irvine, California, says the bank has signed a letter of intent. The U.S. Department of Energy ended funding to BlueFire last year after disbursing $12 million […] [...]

Peoples Bank reports quarterly loss due to bad loans

BILOXI — The parent of The Peoples Bank reported a net loss of $1.8 million for the quarter ending Sept. 30. Peoples Financial Corporation CEO Chevis Swetman says the loss stemmed primarily from issues with two loans. Swetman says the bank’s fundamentals remain sound, though it was forced to write down one loan and move […] [...]

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 […] [...]

South Mississippi woman pleads guilty to bank, wire fraud

PICAYUNE — A Picayune woman has pleaded guilty in connection with a fraud scheme in New Orleans. U.S. Attorney Kenneth Polite’s office says 50-year-old Kim Parish entered the plea yesterday to charges of bank fraud and wire fraud. Prosecutors said Parish worked as an accountant for a New Orleans information technology services business, which she […] [...]

BancorpSouth moves Houston office into Friendswood facility

TUPELO — BancorpSouth Bank has opened a loan production office in the Houston, Texas, suburb city of Friendswood. BancorpSouth initially opened an office in temporary office space just over five months ago in a Southwest Houston location. The office recently moved to its new location at 699 South Friendswood Drive, Suite 107. The move enhances […] [...]

BancorpSouth expands Tennessee footprint with Chattanooga office

TUPELO — BancorpSouth Bank, subsidiary of BancorpSouth Inc., has opened a loan production office in Chattanooga, Tennessee, expanding the bank’s presence into Southeast Tennessee. BancorpSouth’s loan production office is located in downtown Chattanooga at 631 Broad Street and features a team of local lending and support professionals. The office is part of BancorpSouth’s Tennessee Metro […] [...]

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