Mississippi Business Journal » FDIC

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

Ted Carter — Sun, 29 Apr 2012 06:01:55 +0000

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 [...]

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First M&F closing 5 branches and selling one more

Ted Carter — Sun, 25 Sep 2011 06:00:37 +0000

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 [...]

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

Ted Carter — Sun, 22 May 2011 06:00:51 +0000

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 [...]

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Cadence faces deadline and possible FDIC takeover

Ted Carter — Fri, 17 Sep 2010 14:57:48 +0000

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 [...]

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Heritage Bank capital call nearly $6 million

Amy McCullough — Sun, 08 Aug 2010 06:01:26 +0000

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 [...]

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Mississippi banks remain in good health

Laura Smith — Mon, 23 Nov 2009 06:01:28 +0000

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 [...]

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Hancock at tops of rankings

Wally Northway — Mon, 03 Aug 2009 15:13:52 +0000

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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