Posts Tagged ‘financial institution’

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 […] [...]

BancorpSouth buying Texas bank in stock/cash deal

TUPELO — BancorpSouth will acquire Central Community Corp., the parent of Austin-based First State Bank Central Texas, pushing the bank much deeper into the competitive Texas banking market. BancorpSouth said yesterday that it is offering Central Community stockholders shares of its own stock worth $182.3 million, plus $28.5 million in cash. If Central Community shareholders […] [...]

Ex-contractor to be sentenced for bank fraud this month

SOUTHAVEN — Sentencing for James M. Harris, a former contractor with the city of Southaven who pleaded guilty last year to a federal bank fraud charge, is scheduled for Jan. 29 in Aberdeen. The Commercial Appeal reports the 54-year-old Harris pleaded guilty on Sept. 12 to one count of loan and credit application fraud in […] [...]

B&K shareholders agree to merger with Home Bancorp

NATCHEZ — Shareholders of Britton & Koontz Capital Corporation, the parent company of Britton & Koontz Bank, N.A., have approved the merger of the company with and into Home Bancorp Inc. Terms were not disclosed. W. Page Ogden, president and CEO of B&K Capital, said, “We are pleased that our shareholders have overwhelmingly approved the […] [...]

BancorpSouth merging with La. bank in stock/cash deal

TUPELO — BancorpSouth Inc. has signed a definitive merger agreement with Ouachita Bancshares Corp. and its wholly owned subsidiary, Ouachita Independent Bank (OIB) headquartered in Monroe, La., whereby Ouachita Bancshares Corp. will be merged with and into BancorpSouth, Inc. OIB operates 12 full-service banking offices; six in the Monroe-West Monroe, La., area, four in the […] [...]

Delta mayor indicted for false pretense, wire fraud

ROLLING FORK — The mayor of a small town in the Mississippi Delta has been indicted on false pretense and wire fraud charges related to his construction company’s invoices for grants to rehabilitate houses, according to court records. A Sharkey County grand jury charged Rolling Fork Mayor Eldridge “Butch” Walker in two separate indictments Monday, […] [...]

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