Posts Tagged ‘financial institution’

M&F branches to close as Renasant wraps up merger

by Associated Press Published: December 5,2013

Tags: acquisition, bank, banking, finance, financial institution, John Oxford, M&F, Merchants & Farmers, merger, Renasant Bank

TUPELO — The last six of nine planned branch closures will be completed by Monday as Renasant Bank’s merger with M&F Bank is finalized. Tomorrow, three former M&F Bank locations in Tupelo will close for good. Three remaining branches in Kosciusko, Southaven and Birmingham, Ala., will close on Monday. All are former M&F Bank locations […] [...]

Bank bringing corporate center to Alabama; adding 100 jobs

by Associated Press Published: November 13,2013

Tags: bank, banking, corporate center, employee, employer, employment, finance, financial institution, Hancock Bank, job, Ron Milliet, work, worker

GULFPORT — Hancock Bank is locating a corporate center in Montgomery, Ala., that will have 200 employees. Bank officials say 100 of the jobs will be new to the company. The bank’s new corporate center will be located on two floors of the Capitol Commerce Center, which was once home to Colonial Bank. Hancock’s chief […] [...]

First Federal tops ranking of best workplaces

PASCAGOULA — First Federal Savings and Loan Association of Pascagoula-Moss Point has been ranked first in the Best Banks to Work For by the American Banker and Best Companies Group. The program was initiated this year to identify, recognize and honor the best banks to work for in the nation. In all, 35 banks achieved […] [...]

Sentencing hearing set for ex-office manager

CLINTON — A federal judge has scheduled a Jan. 14 sentencing hearing for a Clinton woman who pleaded guilty to bank fraud and tax evasion. Federal authorities say in a news release that 60-year-old Barbara Cummings pleaded guilty last week in U.S. District Court in Jackson. A federal grand jury returned a five-count indictment against […] [...]

Farm Credit Bank sees increase in earnings, loans

AUSTIN, Texas — Farm Credit Bank of Texas (FCBT) reported increased earnings and loan volume in the third quarter. The cooperatively owned funding bank reported net income of $43.5 million for the third quarter of 2013, a 4.7 percent increase from the same period in 2012. Net income for the nine months ended Sept. 30, 2013, was […] [...]

The First reports improved quarter, nine-month period

HATTIESBURG — The First Bancshares Inc., holding company for The First, A National Banking Association, reports net income available to common stockholders for the three months ended Sept. 30 was $998,000, or $0.19 per diluted share, compared to $766,000, or $0.24 per diluted share, for the same quarter in 2012, an increase of $232,000, or […] [...]

Citizens sees quarterly net income rise, but decrease over nine-month period

PHILADELPHIA — Citizens Holding Company has released the results of operations for the three and nine months ended Sept. 30, 2013. Net income for the three months was $2.009 million, or $0.41 per share-basic and diluted, up from $1.629 million, or $0.34 per share-basic and $0.33 per share-diluted for the same quarter in 2012. Net […] [...]

Sanderson gets new, increased credit for future growth

LAUREL — Sanderson Farms Inc.’s existing revolving credit facility through a consortium of banks has been increased from $500 million to $600 million. The credit remains unsecured and certain covenants related to the poultry company’s financial condition and capital expenditure needs have been amended in anticipation of Sanderson’s future growth plans. In addition, the termination […] [...]

Hancock’s profits tumble on expenditure for cost-cutting measures

GULFPORT — Regional bank Hancock Holding Co. said profit in 2013′s third quarter fell 30 percent as its spent $20.9 million on cost-cutting. Hancock, which operates Hancock Bank in Mississippi, Alabama and Florida, and Whitney Bank in Louisiana and Texas, posted quarterly profit of $33.2 million, or 40 cents per share. That’s down from $47 […] [...]

Trustmark wins bid to handle bonds for SportsPlex construction

GREENVILLE — The Washington County Board of Supervisors has accepted a bid from a Jackson bank to handle a $3-million bond issue to finance the construction of the first phase of the Delta Sportsplex. Trustmark National Bank offered a 3.62 percent interest rate on a 15-year repayment plan. Revenue generated from the county’s hotel tax […] [...]

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