Mississippi Business Journal » financial institutions

The First to buy Alabama bank for undisclosed sum

MBJ Staff — Fri, 01 Feb 2013 14:26:31 +0000

HATTIESBURG — The First Bancshares Inc. has entered into a definitive agreement to acquire First National Bank of Baldwin County, Ala. Terms were not disclosed. The First president and CEO M. Ray “Hoppy” Cole Jr., said, “From day one our focus has been on growing our bank in the Gulf Coast region, and providing customers [...]

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Trustmark buying BancTrust, adding 49 offices in Alabama and Florida

MBJ Staff — Tue, 29 May 2012 14:51:55 +0000

JACKSON — Trustmark Corporation and BancTrust Financial Group Inc. of Mobile, Ala., have entered into a definitive agreement pursuant to which BancTrust will merge into Trustmark. BancTrust has 49 offices throughout Alabama and the Florida Panhandle with $1.3 billion in loans and $1.8 billion in deposits as of March 31, 2012. Under the terms of [...]

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Trustmark chief Host named new chairman of MEC

Associated Press — Fri, 18 May 2012 15:22:39 +0000

JACKSON — Jerry Host, president and CEO of Trustmark Corporation and Trustmark National Bank in Jackson, has been elected chairman of the Mississippi Economic Council for the coming year. Host served as MEC’s treasurer from 2008-2010. He joined Trustmark’s Investment Department in 1984 and since then has worked in a variety of positions for the [...]

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Deadline nearing for SBA drought-related disaster loans

MBJ Staff — Wed, 16 May 2012 17:43:20 +0000

ACROSS MISSISSIPPI — The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes that June 14 is the filing deadline for federal economic injury disaster loans available in Mississippi as a result of the drought and excessive heat that occurred [...]

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Community Trust to break ground for two new banking centers

MBJ Staff — Mon, 14 May 2012 17:43:41 +0000

FLOWOOD and MADISON — Community Trust Bank will break ground on two new banking centers in May. Located in Flowood and Madison, these centers are slated to open in the fourth quarter of 2012. The new Flowood Banking Center groundbreaking will be held May 22 at 203 Promenade Boulevard. The new Madison Banking Center groundbreaking [...]

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Renasant Corp. expands into East Tennessee

Associated Press — Fri, 04 May 2012 13:22:27 +0000

TUPELO — Renasant Corp. is entering the banking market in east Tennessee. Renasant says the new bank should open in Maryville, Tenn., a suburb of Knoxville, by the end of May. Renasant says in a statement that this is the eighth expansion by the bank in the past year and a half. Renasant is the [...]

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Renaissance Corp. accepted as member of FHLB Dallas

MBJ Staff — Tue, 01 May 2012 19:45:18 +0000

GULFPORT — Gulf Coast Renaissance Corp. was recently granted membership into the Federal Home Loan Bank of Dallas (FHLB Dallas). According to Renaissance Corp., a nonprofit organization focused on creating affordable homeownership opportunities and stimulating economic development through the small business sector, it is the first non-bank community development financial institution (CDFI) in the state [...]

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Peoples Financial reports increased earnings, decreased loan losses

Associated Press — Tue, 01 May 2012 19:44:15 +0000

BILOXI — Peoples Financial Corporation, parent of The Peoples Bank, reported net income of $505,000 for the first quarter of 2012, a 15.3 percent increase over the first quarter of 2011. Loan volume increased 5.3 percent over the first quarter of 2011 to $428 million, compared to $407 million in the same period last year. [...]

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The First seeing impact from Whitney acquisition

MBJ Staff — Mon, 30 Apr 2012 20:17:15 +0000

HATTIESBURG — The First Bancshares Inc., holding company for The First, A National Banking Association, reported earnings for the quarter ended March 31, 2012. The First Bancshares also announced a quarterly dividend of $0.0375 per common share. The record date will be May 10, 2012 with a payable date of May 24, 2012. Net income [...]

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Hancock Holding: ‘Digesting’ Whitney acquisition

Associated Press — Fri, 27 Apr 2012 15:04:41 +0000

GULFPORT — Hancock Holding Co., which operates Hancock and Whitney banks along the Gulf Coast, said yesterday that it is making progress in digesting last year’s Whitney acquisition. Hancock merged with Whitney in June, making it hard to compare year-earlier results. The bank posted profit of $18.5 million, or 21 cents per share, in the [...]

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