by MBJ Staff Published: September 16,2011
Tags: banking and finance, Banks, closures, consolidation, financial institutions, jobs, mergers and acquisitions, restructuring, sales, staff reduction
KOSCIUSKO — First M&F Corporation’s subsidiary, Merchants and Farmers Bank, has launched Project McKinley, a comprehensive strategic performance initiative including a branch consolidation plan that will result in the reduction or sale of six branches. The move comes as M&F seeks to improve efficiencies in preparation for navigating through current uncertain economic times and future [...] [...]
LONG BEACH — ATM manufacturer Triton Systems is consolidating its ATMGurus operations, now located in Bartlett, Tenn., into its Long Beach manufacturing and headquarters location. The project represents a company investment of more than $200,000 and will create at least 30 new jobs. Triton has been based on the Mississippi Gulf Coast since 1979 and [...] [...]
WASHINGTON — Sen. Thad Cochran (R-Miss.) is supporting legislation that would consolidate the Environmental Protection Agency with the Department of Energy in order to eliminate duplicative functions and streamline federal environmental and energy functions. Cochran is an original cosponsor of the Consolidation of Department of Energy and Environmental Protection Agency Act of 2011 (S.892), which [...] [...]
TUPELO — BancorpSouth Inc. has launched a branch optimization plan, which includes the planned closing or consolidation, upon final regulatory approval, of 23 bank branches located in six states of BancorpSouth’s eight-state footprint. The branches are located in Alabama, Arkansas, Mississippi, Missouri, Tennessee and Texas. The planned closings and consolidations are a result of a [...] [...]
ACROSS MISSISSIPPI — Consultants said yesterday that 18 Mississippi school districts could improve by merging with higher-performing districts, generally their neighbors. The 18 have small enrollments, most with fewer than 2,000 pupils. Many are in low-income areas and have higher than average per-pupil administrative costs. Several are in northern Mississippi and the cash-strapped Delta, and [...] [...]
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