Posts Tagged ‘financial institution’

BancorpSouth opens another office in Texas

TUPELO — BancorpSouth Bank, subsidiary of BancorpSouth Inc., has opened a loan production office in Sugar Land, Texas. BancorpSouth’s new office is located at 8410 Highway 90A, Suite 100 in Sugar Land. BancorpSouth Bank currently operates 19 full-service banking locations in East Texas with almost $1 billion in net loans and more than $800 million […] [...]

PriorityOne buys mortgage lending offices; forms ‘Delta Division’

MAGEE — PriorityOne Bank has acquired new mortgage lending offices in Greenwood and Greenville, which have been dubbed the “Delta Division” of PriorityOne Mortgage. These offices will give PriorityOne Mortgage the ability to service cities and towns in the Delta region of Mississippi. Robert J. Barnes, president and CEO of PriorityOne Bank, said, “We are […] [...]

BancorpSouth adding to Louisiana footprint with loan production office

TUPELO — BancorpSouth Bank, subsidiary of BancorpSouth Inc., has opened a loan production office in Lake Charles, Louisiana, expanding the bank’s footprint in Southwest Louisiana. BancorpSouth’s Lake Charles office is located at 4660 Lake Street and provides commercial, real estate construction, and residential mortgage lending, together with a range of related banking services. Russell Pawlowski, […] [...]

Citizens Holding repurchasing up to 200K shares of common stock

PHILADELPHIA — Citizens Holding Company’s board of directors has authorized the repurchase of up to 200,000 shares of its outstanding common stock over the next 36 months. As part of the share repurchase program, shares may be purchased in open market transactions, including through block purchases, through privately negotiated transactions, or pursuant to any trading […] [...]

Community Bank, Pinnacle Trust ink new agreement

BRANDON and MADISON — Community Bank has entered into an agreement with Pinnacle Trust to offer a comprehensive wealth management platform. The new service, named Community Wealth Management, will not only provide investment services but, also asset management, financial planning and trust services. “We are excited that we will be able to provide our customers […] [...]

Citizens Holding records steep increase in net income

PHILADELPHIA — Citizens Holding Company (NASDAQ: CIZN) has released results of operations for the three and six months ended June 30, 2014. Net income for the three months ended June 30, 2014, was $2.093 million, or $0.43 per share-basic and diluted, up from $1.604 million, or $0.33 per share-basic and diluted for the same quarter […] [...]

Renasant reports much higher net income after First M&F buy

TUPELO — During the second quarter of 2014, Renasant Corporation saw net income increase 85 percent to $14,853,000, or basic and diluted earnings per share (EPS) of $0.47, compared to $8,019,000, or basic and diluted EPS of $0.32, for the second quarter of 2013. The company’s balance sheet and results of operations as of and […] [...]

NCUA gives approval for new credit union charter

MCCOMB — The National Credit Union Administration has approved a charter for First Unity Federal Credit Union of McComb. NCUA board chairman Debbie Matz said in a news release yesterday that First Unity will primarily serve people in Pike, Walthall and Amite counties in southwest Mississippi. The three counties had a population of 68,978 in […] [...]

Regions creates General Bank, Corporate Bank

BIRMINGHAM, Ala. — Regions Financial Corp. (NYSE:RF) has realigned its business units and geographical leadership, creating a General Bank, which consists of the businesses that serve retail, wealth management, and small business customers, and a Corporate Bank, which consists of the businesses that serve middle-market and larger commercial clients. John Owen, head of business lines, […] [...]

The First sees earnings increase, declares dividend

HATTIESBURG — The First Bancshares Inc. (NASDAQ: FBMS), holding company for The First, A National Banking Association, has reported earnings for the first quarter ended March 31. Net income available to common stockholders for the three months ended March 31 amounted to $1,321,000, or $0.25 per diluted share, compared to $1,119,000, or $0.35 per diluted […] [...]

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