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, [...] [...]
Hancock Holding Co. has confirmed that the $20-billion regional bank plans to close up to 45 branch offices by the end of the year, but has targeted only one branch in Mississippi for closing. Closings in Louisiana will be few, as well, with just two branches to be shut down in the New Orleans market. [...] [...]
Ouachita Independent Bank has added Steve DeRusso as senior vice president/market manager in its Madison Loan Production Office. DeRusso brings experience from two previous banking positions as well as non-banking administration experience. He also served as a captain in the U.S. Air Force. He received a MBA from William Carey University and a bachelor of [...] [...]
Martin Shoemake has been named president/CEO and director of OmniBank. With 34 years in the banking industry, Shoemake has been employed with OmniBank for 25 years. He has managed the Bay Springs and Heidelberg branches of OmniBank for the past 20 years. Shoemake has served the Jasper County community in many capacities. He is an [...] [...]
Cadence Bank has promoted Jerry Toney, Ferrish Williams, Billy Williams and Tracy Lewis at its Starkville Banking and Operations Center. Toney, senior investment advisor for Cadence Investment Services, a division of Cadence Bank, has been promoted to senior vice president. Toney joined Cadence in 1997 and is a leading financial consultant at Cadence and the [...] [...]
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 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 [...] [...]
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