Posts Tagged ‘bank’

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 […] [...]

Delta mayor indicted for false pretense, wire fraud

ROLLING FORK — The mayor of a small town in the Mississippi Delta has been indicted on false pretense and wire fraud charges related to his construction company’s invoices for grants to rehabilitate houses, according to court records. A Sharkey County grand jury charged Rolling Fork Mayor Eldridge “Butch” Walker in two separate indictments Monday, […] [...]

Hancock Holding introduces new small cap fund

GULFPORT — Hancock Holding Company has launched the Hancock Horizon U.S. Small Cap Fund as a new addition to the company’s $2-billion family of mutual funds. The fund offers investors exposure to a diverse portfolio of small cap stocks and is managed by the same team that oversees the 5-star Morningstar-rated Burkenroad Small Cap Fund. […] [...]

Hood files lawsuit against Chase for collection activities

JACKSON — Attorney General Jim Hood has filed a lawsuit in Hinds County saying JPMorgan Chase should pay up to $10,000 per violation for fraudulently trying to collect debts from Mississippians who did not owe the company money. Hood said in a written statement that a state investigation found that Chase pursued Mississippi consumers for […] [...]

SBA approves new Community Advantage lender

GULFPORT – The U.S. Small Business Administration (SBA) has approved Gulf Coast Renaissance Corporation (GCRC) as a lender in the Community Advantage Loan program. “This will provide the much needed financing to small businesses in underserved communities in Mississippi to help in their development and growth,” said Janita R. Stewart, district director of the SBA […] [...]

M&F branches to close as Renasant wraps up merger

by Associated Press Published: December 5,2013

Tags: acquisition, bank, banking, finance, financial institution, John Oxford, M&F, Merchants & Farmers, merger, Renasant Bank

TUPELO — The last six of nine planned branch closures will be completed by Monday as Renasant Bank’s merger with M&F Bank is finalized. Tomorrow, three former M&F Bank locations in Tupelo will close for good. Three remaining branches in Kosciusko, Southaven and Birmingham, Ala., will close on Monday. All are former M&F Bank locations […] [...]

Bank bringing corporate center to Alabama; adding 100 jobs

by Associated Press Published: November 13,2013

Tags: bank, banking, corporate center, employee, employer, employment, finance, financial institution, Hancock Bank, job, Ron Milliet, work, worker

GULFPORT — Hancock Bank is locating a corporate center in Montgomery, Ala., that will have 200 employees. Bank officials say 100 of the jobs will be new to the company. The bank’s new corporate center will be located on two floors of the Capitol Commerce Center, which was once home to Colonial Bank. Hancock’s chief […] [...]

Britton & Koontz Capital selling to Home Bancorp

NATCHEZ — Home Bancorp Inc., of Lafayette, La., will acquire Britton & Koontz Capital Corp., including its three Baton Rouge, La., branches, under a $34.5-million deal. Britton & Koontz, the holding company for Britton & Koontz Bank, is based in Natchez. The bank also has five branches in Mississippi. Home Bancorp is the holding company […] [...]

Sentencing hearing set for ex-office manager

CLINTON — A federal judge has scheduled a Jan. 14 sentencing hearing for a Clinton woman who pleaded guilty to bank fraud and tax evasion. Federal authorities say in a news release that 60-year-old Barbara Cummings pleaded guilty last week in U.S. District Court in Jackson. A federal grand jury returned a five-count indictment against […] [...]

Farm Credit Bank sees increase in earnings, loans

AUSTIN, Texas — Farm Credit Bank of Texas (FCBT) reported increased earnings and loan volume in the third quarter. The cooperatively owned funding bank reported net income of $43.5 million for the third quarter of 2013, a 4.7 percent increase from the same period in 2012. Net income for the nine months ended Sept. 30, 2013, was […] [...]

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