Posts Tagged ‘financial institution’

BankPlus recognized for alternative program to payday lending

RIDGELAND — BankPlus and City First Enterprises of Washington, D.C., are the winners of the inaugural Empowerment Awards, which recognize promising projects that provide or encourage access to safe, fair financial services in underserved communities. BankPlus won in the Community Development Banking category for its innovative alternative to payday lending, and City First won in […] [...]

Citizens Holding offering increased quarterly dividend

PHILADELPHIA — Citizens Holding Company’s board of directors has declared a cash dividend of $0.23 per share payable Dec. 31 to shareholders of record as of Dec. 15. “Today I am announcing our fourth quarter 2014 dividend of $0.23 per share,” said Greg L. McKee, president and CEO. “This is an increase of $0.01 per […] [...]

BancorpSouth opens office in Austin, Texas

TUPELO — BancorpSouth Bank, subsidiary of BancorpSouth Inc. has opened a loan production office at 11612 Bee Caves Road in Austin, Texas, providing a broad range of financial services to the Austin metropolitan area. “The Austin, Texas MSA consistently ranks at or near the top of almost all statistical publications regarding economic drivers and activity,” […] [...]

Hairston named CEO/president of Hancock Holding

GULFPORT — Hancock Holding Company has announced that John M. Hairston has been named the company’s chief executive officer and president. Hairston served as CEO and chief operating officer for the parent of Hancock Bank. He succeeds Carl J. Chaney, who retired effective Friday. Hairston had been CEO/COO in 2008. He has served as an […] [...]

BauerFinancial gives Hancock five stars for 100th consecutive quarter

GULFPORT — BauerFinancial Inc. has again awarded a 5-Star Superior rating to Hancock Bank. That recommendation (Bauer’s highest rating) affirms the bank as one of America’s strongest, safest financial institutions for the 100th consecutive quarter — 25 years in a row. BauerFinancial awarded its 5-Star rating to Hancock based on the company’s capital, asset quality, […] [...]

Community Bank breaks ground for new Spillway Road office

BRANDON — Community Bank has broken ground for its newest construction project. The site of new full-service bank office is located at 1871 Spillway Road, next door to the Fresh Market Café. Projected completion date is scheduled for summer of 2015. Fountain Construction Inc. based in Jackson, serves as general contractor for the project, and […] [...]

Hancock selling Whitney Bank branches in Houston

GULFPORT — Hancock Holding Co. says it will sell four Whitney Bank branches in Houston to Community Trust Bank of Ruston, Louisiana. Community Trust Bank will acquire $15 million in loans and $135 million in deposits, pending regulatory approval. The sale is expected to close by the end of March. No purchase price was disclosed. […] [...]

Peoples Bank reports quarterly loss due to bad loans

BILOXI — The parent of The Peoples Bank reported a net loss of $1.8 million for the quarter ending Sept. 30. Peoples Financial Corporation CEO Chevis Swetman says the loss stemmed primarily from issues with two loans. Swetman says the bank’s fundamentals remain sound, though it was forced to write down one loan and move […] [...]

Renasant records highest quarterly earnings in 110-year history

TUPELO — Renasant Corporation saw net income for the third quarter of 2014 increase to $15,535,000, or basic and diluted earnings per share (EPS) of $0.49, as compared to $6,637,000, or basic and diluted EPS of $0.24, for the third quarter of 2013. The company’s balance sheet and results of operations as of and for […] [...]

BancorpSouth’s efforts focused on remediating regulatory concerns

TUPELO — BancorpSouth Inc. saw its net income rise more than 15 percent to $28.8 million in the third quarter, as loans and insurance commission revenue increased. The company reports noninterest revenue was $69.3 million, up from $62.5 million for the year-ago period. Insurance commission revenue played a large role, rising from $23.8 million to […] [...]

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