Posts Tagged ‘FDIC’

Louisiana officials, FDIC give nod to bank branch in Natchez

NATCHEZ — The Louisiana Office of Financial Institutions and the FDIC have approved an application of Delta Bank of Vidalia, La., to open a full-service branch in Natchez. Bank officials said the move twill position Delta Bank to enhance banking convenience in a region of the state it has long served and understands well. The […] [...]

More Mississippi financial institutions stepping into profit column

by Ross Reily Published: September 6,2013

Tags: banking, FDIC, finance, Mississippi

Mississippi‘s 87 banks and credit unions accounted for $271 million of the $42.2 billion in profits federally insured institutions earned in the second quarter. Magnolia State financial institutions achieved growth in workforce, deposits, loans, assets and equity capital, while lowering their totals in the trouble categories of Real Estate Owned properties and non-current loans and […] [...]

BancorpSouth reaches 2-year high on earnings, plans regional restructuring

by Ted Carter Published: April 29,2012

Tags: Aubrey Patterson, BancorpSouth, banking, FDIC

The year’s first quarter brought BancorpSouth Inc. its best quarterly showing in two years, with the Tupelo-based regional bank reporting net income of $22.9 million, or 25-cents a share. The burden of bad real estate loans also eased during the quarter, according to Aubrey Patterson, chairman and CEO BancorpSouth, a $13 billion banking company with […] [...]

First M&F closing 5 branches and selling one more

by Ted Carter Published: September 25,2011

Tags: FDIC, Hugh Potts Jr., Merchants and Farmers Bank

In closing five branches and selling another, Merchants and Farmers Bank CEO & Chairman Hugh Potts Jr. says the Kosciusko-based First M&F Corp. is adjusting to a banking market in which fewer customers rely on brick and mortar locations. But he insists the move that involves eliminating slightly more than 50 jobs is an adjustment […] [...]

Choose your Mississippi jobs forecast – strong and weak growth are options

SANDESTIN, Fla. — Expect Mississippi to show healthy job growth through 2016, IHS Global Insight says in a report cited by an FDIC economic researcher and presented at the Mississippi Bankers Association convention. Gary Beasley, regional manager of the FDIC’s Division of Insurance & Research, said the forecast by the global information company put Mississippi […] [...]

Cadence faces deadline and possible FDIC takeover

by Ted Carter Published: September 17,2010

Tags: banking, Cadence, FDIC, takeover

Starkville-based bank must meet capital requirements of a May consent order issued by the Office of the Comptroller of the Currency Starkville’s troubled Cadence Bank faces a crucial regulatory test with a Sunday deadline to meet capital requirements of a May consent order issued by the Office of the Comptroller of the Currency. The $1.87-billion regional bank […] [...]

Heritage Bank capital call nearly $6 million

by Amy McCullough Published: August 8,2010

Tags: assets, equity, FDIC, Heritage Bank, liabilities, r. S.L. “Doc” Sethi

Leaders not certain money can be raised The FDIC has ordered Carthage-based Heritage Bank to raise nearly $6 million in capital by early September, and the institution’s leader is not asserting that the money can be raised. Heritage has $238 million in assets and $225 in total liabilities, leaving only $13 million in equity, according to […] [...]

Mississippi banks remain in good health

by Laura Smith Published: November 23,2009

Tags: FDIC, Ken Cyree

A conservative approach has served them well   A conservative culture and a tendency to conduct business with people they know have helped Mississippi-based banks stay in good health through the national recession. “On average, the State of Mississippi’s banks are doing better than the rest of the country,” said Dr. Ken Cyree, dean of […] [...]

Hancock at tops of rankings

by Wally Northway Published: August 3,2009

Tags: FDIC, financial institutions, Hancock

     Financial institution again ranked among nation’s best banks    The second quarter of 2009 was a painful one for the state’s banks. Special FDIC insurance assessments and a spike in net charge-offs of bad loans gave earnings a one-two punch. Hancock Holding Company, parent of Hancock Bank, certainly was not immune. Net income during […] [...]

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