Posts Tagged ‘banker’

United Mississippi merging, adding two counties to footprint

by Associated Press Published: June 20,2013

Tags: acquisition, bank, banker, banking, expansion, finance, financial institution, merge, merger

NATCHEZ — United Mississippi Bank officials say a merger will expand the Natchez-based bank into Franklin and Amite counties. UMB President Sammy Porter tells The Natchez Democrat the merger, which is being completed through a stock purchase agreement with People’s Bank of the South and PBFC Holding Company, is a “great thing” for both banks. […] [...]

Whitney closing eight branches in three La. cities

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 […] [...]

More than 200 employees take early retirement from BancorpSouth

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 […] [...]

Bank earns five stars for 94th consecutive quarter

by MBJ Staff Published: May 21,2013

Tags: bank, banker, banking, finance, financial institution, financial soundness, ran, ranking

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, […] [...]

Deadline approaching for post-tornado loans from SBA

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 […] [...]

Bank opens new Texas office, expands Houston footprint

by MBJ Staff Published: May 17,2013

Tags: bank, banker, banking, expand, expansion, finance, financial institution, office

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 […] [...]

Bank prices initial public offering at $24 per share

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 […] [...]

Deadline approaching for Hurricane Isaac assistance

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 […] [...]

Bank cooperative sees huge jump in 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 […] [...]

Sign-up for aid for Isaac victims ends this month

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 […] [...]

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