Posts Tagged ‘financial institution’

The First acquiring Alabama bank in cash/stock deal

HATTIESBURG — First Bancshares is expanding further into Alabama, announcing yesterday that it will buy BCB Holding Co. of Mobile, Ala., for about $6.6 million in cash and stock. BCB is the parent company of Bay Bank, which has $80 million in assets. Hattiesburg-based First Bancshares, the parent company of The First, says it expects […] [...]

Southern AgCredit sets another patronage payment record

RIDGELAND — Southern AgCredit, a rural lending cooperative, recently returned a record level of net earnings to its customer-owners in Mississippi and Louisiana. This marks the 18th consecutive year of the co-op’s patronage program. Southern AgCredit customers received a check for their portion of the $7.2 million cash patronage, plus a statement detailing their share […] [...]

Louisiana bank eyeing expansion into Mississippi

NATCHEZ — Vidalia, La.-based Delta Bank has filed applications to the Louisiana Office of Financial Institutions and FDIC to open a full-service branch in Natchez. The branch is expected to open in the next three months pending regulatory approvals and will offer a full line of financial products and services. The branch will be located […] [...]

Wholesale bank reports record earnings — again

AUSTIN, Texas — Farm Credit Bank of Texas (FCBT), a cooperatively owned wholesale bank that provides funding for rural retail lenders, has released preliminary unaudited financial highlights and results for the year ended Dec. 31, 2013, reporting record earnings for the eighth consecutive year. The Austin-based bank reported $179.8 million in net income in 2013, a 3.0 […] [...]

Bank cooperative sees record earnings — again

AUSTIN, Texas — Farm Credit Bank of Texas (FCBT), a cooperatively owned wholesale bank that provides funding for rural retail lenders, has released preliminary unaudited financial highlights and results for the year ended Dec. 31, 2013, reporting record earnings for the eighth consecutive year. The Austin-based bank reported $179.8 million in net income in 2013, a 3.0 […] [...]

PriorityOne to build branches in Collins, Ridgeland

MAGEE — PriorityOne Bank has unveiled plans for expansion in 2014. In 2009, a lot was purchased at the intersection of Highway 98 and Highway 589 in Hattiesburg with the intention of constructing a branch on this site at some time in the future. In addition, property was also purchased in 2013 on the Highway […] [...]

Home Bancorp completes acquisition of B&K

NATCHEZ — Home Bancorp Inc., the Lafayette, La.-based holding company of the 105-year-old Home Bank, has completed its acquisition of Britton & Koontz Capital Corporation, the holding company of Britton & Koontz Bank, N.A. Shareholders of Britton & Koontz will receive $16.14 per share in cash, resulting in an aggregate deal value of $34.5 million. […] [...]

Delta alderman arrested for forging check

BELZONI — According to State Auditor Stacey Pickering, special agents from the Auditor’s Office have arrested Belzoni Alderman Charles Thurman. Thurman has been indicted on one count of uttering forgery by a Humphreys County Grand Jury. Thurman is accused of hiring an unlicensed contractor, George Schroeder, to perform work at City Hall. Following completion of […] [...]

The First reports increase in net income

HATTIESBURG — The First Bancshares Inc. (NASDAQ: FBMS), holding company for The First, A National Banking Association, has released its earnings report for the fourth quarter and fiscal year ended Dec. 31, 2013. Net income available to common stockholders for the three months amounted to $1,392,000, or $0.27 per diluted share, compared to $1,062,000, or […] [...]

Ex-contractor’s bank fraud sentencing rescheduled for March

SOUTHAVEN — The sentencing hearing for former Southaven contractor James M. Harris Jr. has been reset for March 25 in Aberdeen. The 53-year-old Harris pleaded guilty in federal court last year to one count of loan and credit application fraud. Harris admitted that he made false statements to Citizens National Bank in Olive Branch so […] [...]

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