by MBJ Staff Published: March 29,2013
Tags: acquire, acquisition, bank, banker, banking, branch office, buy, expand, expansion, finance, financial institution, purchase, sale, sell
OXFORD — Trustmark National Bank, a subsidiary of Trustmark Corporation, has signed a definitive branch purchase and assumption agreement pursuant to which it will acquire the two branches of SOUTHBank, F.S.B., serving the Oxford market. The agreement contemplates the assumption of selected deposit accounts of approximately $11.8 million as well as the purchase of the [...] [...]
by Associated Press Published: March 25,2013
Tags: acquisition, buy, charitable organization, charity, city government, community development, construction, home, house, land, municipal, municipality, nonprofit, property, purchase, real estate, residence, residential real estate, sale, sell
HORN LAKE — Horn Lake is planning to sell some city-owned property to Habitat for Humanity for seven homes to be built by the nonprofit agency. The Commercial Appeal reports that aldermen voted last week to declare seven lots as surplus. Three appraisals will determine their fair market value — and thus the sale price. [...] [...]
by MBJ Staff Published: March 5,2013
Tags: acquisition, attorney, buy, expand, expansion, law, law firm, merger, purchase, sale, sell
JACKSON — The law firms of Adams and Reese LLP and Jacksonville, Fla.-based Volpe, Bajalia, Wickes, Rogerson & Wachs (VBWR) have merged, growing Adams and Reese to 15 offices nationwide and five offices in the state of Florida. The merger was announced jointly by Adams and Reese managing partner, Charles P. Adams Jr. and VBWR shareholder, [...] [...]
by Associated Press Published: March 4,2013
Tags: acquisition, buy, charter boat, crime, investigate, investigation, investigator, land, law, legal, misappropriation, property, purchase, real estate, sale, sell, state agency
BILOXI — About $80,000 in charter boat trips are now part of a criminal investigation of the Mississippi Department of Marine Resources, an official has told The Sun Herald. Invoices and letters provided by the DMR indicate the trips were to sample fish for research about artificial reefs, even though the department owns a $389,000 [...] [...]
by Associated Press Published: February 25,2013
Tags: acquire, acquisition, board, buy, conflict of interest, investigation, land, law, legal, loan, property, purchase, sale, sell, state agncy, sweetheart deal, trust
BILOXI — The head of the Land Trust for the Mississippi Coastal Plain says a board member employed by the state Department of Marine Resources asked the trust if it would buy land from her boss’ son, if the department provided some money. The proposal came from Tina Shumate, who resigned early in February as [...] [...]
by MBJ Staff Published: February 21,2013
Tags: acquisition, bank, banker, banking, buy, expansion, finance, financial institution, merger, purchase, sale, sell
BILOXI — The boards of directors of Community Bank, National Association, based in Alabama and the recently acquired Community Bank, Destin, Fla., have voted to merge with Community Bank, Coast, headquartered in Biloxi. Terms were not disclosed. According to Community Bank, the merger creates a $588-million bank consisting of 15 offices of Community Bank from [...] [...]
by MBJ Staff Published: February 7,2013
Tags: acquisition, bank, banker, banking, buy, finance, financial institution, merger, purchase, sale, sell, shares, stock
TUPELO and KOSCIUSKO — Renasant Corporation and First M&F Corporation have signed a definitive merger agreement pursuant to which Renasant Corporation would acquire First M&F Corporation (M&F), a bank holding company headquartered in Kosciusko and the parent of Merchants & Farmers Bank. Upon completion of the transaction, the combined company will have approximately $5.8 billion [...] [...]
by Associated Press Published: February 5,2013
Tags: acquire, acquisition, bankrupt, bankruptcy, buy, casino, Commercial Real Estate, convention, entertainment, gamble, gambling, gaming, hospitality, hotel, lodging, meeting, nightlife, purchase, restaurant, sale, sell, tourism, tourist, vacation, visitor
VICKSBURG — An Oklahoma Indian tribe is no longer planning to spend $125 million to buy the bankrupt DiamondJacks casinos in Bossier City, La., and Vicksburg from Legends Gaming. Global Gaming Solutions, a unit of the Chickasaw Nation of Oklahoma, wrote in court papers filed Jan. 25 that the DiamondJacks operations had run further downhill [...] [...]
by MBJ Staff Published: February 1,2013
Tags: acquisition, bank, banker, banking, buy, expansion, finance, financial institutions, merger, purchase, sell
HATTIESBURG — The First Bancshares Inc. has entered into a definitive agreement to acquire First National Bank of Baldwin County, Ala. Terms were not disclosed. The First president and CEO M. Ray “Hoppy” Cole Jr., said, “From day one our focus has been on growing our bank in the Gulf Coast region, and providing customers [...] [...]
by MBJ Staff Published: January 29,2013
Tags: association, buy, cunstomer, forecasdt, predict, prediction, purchase, retail, retailer, retailing, sales, sell, shop, store
WASHINGTON, D.C. — The National Retail Federation released its 2013 economic forecast today, projecting retail industry sales (which exclude automobiles, gas stations, and restaurants) will increase 3.4 percent, slightly less than the preliminary 4.2 percent growth seen in 2012. The subdued forecast comes on the heels of a holiday season that went head-to-head with Washington’s [...] [...]
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