Posts Tagged ‘banking’

Louisiana bank eyeing expansion into Mississippi

NATCHEZ — Vidalia, La.-based Delta Bank has filed applications to the Louisiana Office of Financial Institutions and FDIC to open a full-service branch in Natchez. The branch is expected to open in the next three months pending regulatory approvals and will offer a full line of financial products and services. The branch will be located […] [...]

Bank cooperative sees record earnings — again

AUSTIN, Texas — Farm Credit Bank of Texas (FCBT), a cooperatively owned wholesale bank that provides funding for rural retail lenders, has released preliminary unaudited financial highlights and results for the year ended Dec. 31, 2013, reporting record earnings for the eighth consecutive year. The Austin-based bank reported $179.8 million in net income in 2013, a 3.0 […] [...]

ICBA: Community banks reissue millions of cards after data breach

WASHINGTON — The Independent Community Bankers of America (ICBA) reports the nation’s community banks have already reissued more than four million credit and debit cards at a total reissuance cost of more than $40 million following recent data breaches at major retailers (numbers are based on a sampling of community banks). Due to their quick […] [...]

Renasant, BancorpSouth acquisitions seen boosting earnings per share

by Published: February 17,2014

Tags: BancorpSouth, banking, Business, finance, Mississippi, Renasant

Analysts see bump-ups in earnings per share from growth achieved by Tupelo’s Renasant Bank through acquisition of M&F Bank of Kosciusko and growth expected by Tupelo neighbor BancorpSouth’s announced acquisitions in Texas and Louisiana. The $5.7 billion Renasant’s first full quarter with M&F was a solid one, Birmingham, Ala.-based Stern Agee reported, citing a .03 […] [...]

PriorityOne to build branches in Collins, Ridgeland

MAGEE — PriorityOne Bank has unveiled plans for expansion in 2014. In 2009, a lot was purchased at the intersection of Highway 98 and Highway 589 in Hattiesburg with the intention of constructing a branch on this site at some time in the future. In addition, property was also purchased in 2013 on the Highway […] [...]

Home Bancorp completes acquisition of B&K

NATCHEZ — Home Bancorp Inc., the Lafayette, La.-based holding company of the 105-year-old Home Bank, has completed its acquisition of Britton & Koontz Capital Corporation, the holding company of Britton & Koontz Bank, N.A. Shareholders of Britton & Koontz will receive $16.14 per share in cash, resulting in an aggregate deal value of $34.5 million. […] [...]

Delta alderman arrested for forging check

BELZONI — According to State Auditor Stacey Pickering, special agents from the Auditor’s Office have arrested Belzoni Alderman Charles Thurman. Thurman has been indicted on one count of uttering forgery by a Humphreys County Grand Jury. Thurman is accused of hiring an unlicensed contractor, George Schroeder, to perform work at City Hall. Following completion of […] [...]

Ruth Montana chosen for VP at Keesler Federal Credit Union

by Published: February 7,2014

Tags: banking, Business, finance, Gulf Coast, Mississippi, Newsmakers

Ruth Montana has joined Keesler Federal Credit Union as assistant vice president of human resources. Montana has 20 years of experience in all aspects of human resources including employee relations, labor relations, recruitment, compensation and benefits and training. She is a member of the National Society for Human Resource Management and Gulf Coast Human Resource […] [...]

JOHN SCOTT: The three E’s of tax policy are important for all of us

by Published: February 7,2014

Tags: banking, Business, finance, Mississippi

Everyone remembers the so-called three “R’s” of childhood education — reading, writing and arithmetic. A basic and fundamental mastery of each of these was expected of all elementary students. And, in fact, a lack of proficiency in any of these could result in severe and negative repercussions, such as flunking a grade. The Internal Revenue […] [...]

New chairman, CEO among changes imitated in Community Bancshares’ succession plan

by Published: February 7,2014

Tags: banking, Business, finance, Mississippi

The board of directors for Community Bancshares  Inc. has activated  a long-term strategic plan of succession, effective Jan. 1. The plan dictates the upward movement of senior management, which is needed to perpetuate the bank’s business model. In the first phase of this plan, Freddie J. Bagley has been elected to serve as the new […] [...]

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