Posts Tagged ‘financial institution’

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 […] [...]

Trustmark Corp. sees gain in quarterly profit

JACKSON — Regional bank Trustmark Corp. says profit in 2013′s fourth quarter rose 1 percent from the same three months of 2012, as the company worked to increase efficiency after its takeover of the former BancTrust Financial Group. Trustmark posted quarterly profit yesterday of $28 million, or 42 cents per share. That compares to $27.7 […] [...]

Citizens reports increase in net profit for quarter, year

PHILADELPHIA — Citizens Holding Company (NASDAQ: CIZN) has released its results of operations for the three and 12 months ended Dec. 31, 2013. Net income for the three months was $2.122 million, or $0.44 per share-basic and diluted, up from $1.740 million, or $0.34 per share-basic and $0.33 per share-diluted for the same quarter in […] [...]

Hancock Holding sees quarterly profit tumble

GULFPORT — Hancock Holding Co. said profit in 2013′s fourth quarter fell 26 percent as it spent $17.1 million to improve efficiency. Hancock, which operates Hancock Bank in Mississippi, Alabama and Florida, and Whitney Bank in Louisiana and Texas, posted quarterly profit yesterday of $34.7 million, or 41 cents per share. That’s down from $47 […] [...]

Peoples records loss for quarter, full year

BILOXI — Peoples Financial Corporation (NASDAQ Capital Market: PFBX), parent of The Peoples Bank, reported a loss of $883,000 for the quarter and $538,000 for the full year ended Dec. 31, 2013, due primarily to actions on certain non-performing assets, announced Chevis C. Swetman, chairman and CEO of the holding company and the bank. Loss […] [...]

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