Posts Tagged ‘buyout’

Bank sees modest rise in earnings after retirement buy-out

TUPELO — Regional bank BancorpSouth Corp. says profit in 2013′s second quarter rose less than 1 percent from the same three months of 2012, as an early-retirement buyout drove up costs. BancorpSouth posted quarterly profit of $20.8 million, or 22 cents per share Tuesday. That’s up from $20.6 million or 22 cents per share in […] [...]

County petitioning FEMA to enter ‘buyout’ program

PICAYUNE — Pearl River County officials say about 25 properties could be eligible for a “buyout” program to help some flood-prone residents. County planner Ed Pinero Jr. tells the Picayune Item about six property owners so far have said they want to participate in the program. The Federal Emergency Management Agency would have to approve […] [...]

Coast property could be eligible for federal flood-buyout program

JACKSON COUNTY — Eighty-six properties in Jackson County could be eligible for the federal government’s home elevation or buyout program. The Mississippi Press reports supervisors were told this week that notices would be sent out to eligible property owners to determine if they are interested. In February, the county hired Thompson Consulting Services to submit […] [...]

Flooded homeowners opt for buyout program

VICKSBURG — Eighteen North Vicksburg homeowners who suffered damage from the Mississippi River flooding this spring have signed up for the city’s buyout program. The Vicksburg Post reports the voluntary buyout will be conducted in two phases. The first involves homes in the flood plain known as the city’s 1 percent area and were determined […] [...]

Shareholders give nod to Candence merger

Vote cleared the way for a first quarter acquisition by Houston banking investment group Community Bancorp Shareholders of Cadence Financial Corp., parent of Cadence Bank, agreed to a buyout last Thursday that takes the banking company private and pays them $2.50 in cash per Cadence common share. The shareholder vote in Starkville marked a key […] [...]

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