Posts Tagged ‘merger’

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 […] [...]

Chromcraft Revington sells to Colorado company

SENATOBIA — Sport-Haley Holdings has completed its $3.45 million purchase of furniture maker Chromcraft Revington. The company, which is based in West Lafayette, Ind., has a factory in Senatobia. Apparel maker Sport-Haley of Denver paid $2.7 million, and has promised to pay another $750,000 when Chromcraft’s plant in Delphi, Ind., is sold or mortgaged, or […] [...]

Britton & Koontz Capital selling to Home Bancorp

NATCHEZ — Home Bancorp Inc., of Lafayette, La., will acquire Britton & Koontz Capital Corp., including its three Baton Rouge, La., branches, under a $34.5-million deal. Britton & Koontz, the holding company for Britton & Koontz Bank, is based in Natchez. The bank also has five branches in Mississippi. Home Bancorp is the holding company […] [...]

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 […] [...]

Committee eyeing key dates in proposed school merger

STARKVILLE — As the start of the state’s next legislative session approaches, Starkville-Oktibbeha County school consolidation committee members say two key November dates will help give clarity to the group’s almost yearlong efforts. The Commission on Starkville Consolidated School District Structure scheduled two dates pivotal to its report: a public hearing is scheduled for 6 […] [...]

Journal Inc. buys New Albany Gazette for undisclosed sum

by Associated Press Published: October 24,2013

Tags: acquisition, media, merger, New Albany Gazette, newspaper, Northeast Mississippi Daily Journal

NEW ALBANY — The Associated Press reports that Journal Inc., owner of The Northeast Mississippi Daily Journal, has bought the twice-weekly New Albany Gazette in Union County. The sale closed this past week. It was announced in yesterday’s edition of the Daily Journal. The Gazette had been owned for 34 years by Landmark Community Newspapers, […] [...]

All American buys more stores, enters Alabama market

MADISON — All American Check Cashing has expanded its payday and title loan services into Alabama with the acquisition and purchase of five retail stores. Terms were not disclosed. The retail stores located in Bessemer, Clanton, Millbrook, Prattville and Selma, Ala., will bring the total of All American’s stores to 50. All retail stores acquired […] [...]

Renasant sees dip in net income following M&F acquisition

TUPELO — Renasant Corporation saw net income for the third quarter of 2013 of $6.6 million, or basic and diluted earnings per share of $0.24, as compared to $7.0 million, or basic and diluted earnings per share of $0.28, for the third quarter of 2012. On Sept. 1, Renasant completed its merger with First M&F […] [...]

Southgroup Insurance merging with Cox and Associates

RIDGELAND — SouthGroup Insurance Services continues to grow through its recently announced proposed association with Cox and Associates in Carthage. This new alliance, which will be effective Jan. 1, 2014, gives SouthGroup, headquartered in Ridgeland, 22 branch locations across the state. Terms of the transaction were not disclosed. Ronald P. Tubertini, president and CEO of […] [...]

Texas company buying Magnolia Guaranty for $5.23M

RIDGELAND — Citizens Inc.’s wholly owned subsidiary, Security Plan Life Insurance Company, has reached a definitive agreement to acquire Magnolia Guaranty Life Insurance Company of Ridgeland for $5.23 million. Magnolia Guaranty has 409,553 shares of capital stock outstanding.  Since 1992, it has specialized in the sale of final expense and pre-need life insurance policies in […] [...]

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