Mississippi Business Journal » mergers

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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All-American completes merger/acquisition with Emergency Cash

MBJ Staff — Mon, 28 May 2012 16:12:17 +0000

MADISON and BYRAM — All American Check Cashing has completed the merger and acquisition of Emergency Cash of Byram. Terms were not disclosed. This marks the fifth acquisition for All American in the last 12 months and brings the total of payday and title loan locations in Mississippi to over 34. Early this month All [...]

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Full House lands financing to purchase Silver Slipper Casino

MBJ Staff — Wed, 02 May 2012 19:41:27 +0000

BAY ST. LOUIS — Las Vegas, Nev.-based Full House Resorts reports it has obtained financing commitments for new credit facilities totaling $75 million to fund the company’s acquisition of the Silver Slipper Casino. The financing will consist of a $55 million first lien credit facility and a $20 million second lien facility. Capital One N.A. [...]

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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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Renasant: Acquisitions, new branches improving bottom line

Associated Press — Thu, 26 Apr 2012 22:34:56 +0000

TUPELO — Renasant Corp. says its acquisitions and new branches are succeeding as it cut bad loans in the first quarter of 2012. The bank said it earned quarterly profit of nearly $6 million, or 24 cents per share. The company earned about $7.5 million, or 30 cents per share, in the same quarter of [...]

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Trustmark’s profits soar on fewer bad loans, Florida acquisition

Associated Press — Wed, 25 Apr 2012 20:08:45 +0000

JACKSON — Trustmark Corp. said profits rose strongly in the first quarter as the bank set aside less for bad loans and earned a windfall on buying a Florida bank. The bank said it earned $30.3 million, or 47 cents per share, in the quarter that ended March 31. That’s 26 percent higher than the [...]

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Nevada firm looking to buy Silver Slipper Casino for $70M

MBJ Staff — Tue, 03 Apr 2012 19:36:42 +0000

HANCOCK COUNTY — Full House Resorts of Las Vegas, Nev., has entered into definitive agreements with Silver Slipper Casino Venture, LLC to acquire all of the outstanding membership interest of the entity operating the Silver Slipper Casino in Hancock County. The purchase price is $70 million, exclusive of estimated cash, net working capital balances, fees [...]

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Delta Fuel expanding in-state footprint, planning to leave Louisiana

Associated Press — Mon, 02 Apr 2012 20:43:38 +0000

NATCHEZ — Two long-time Miss-Lou oil distributors have recently been bought out, but one of the buyers is expanding its market share in Mississippi and making plans to move out of Louisiana. Delta Fuel Co. Inc. recently bought the wholesale side of Independent Oil and Coal Co., and has leased the bulk plant of Cloutier [...]

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Victory acquires stores, accounts from Cloutier Oil

Associated Press — Thu, 29 Mar 2012 19:49:54 +0000

NATCHEZ and RIDGELAND — Ridgeland-based Victory Properties has bought 11 convenience stores and nine dealer accounts of Cloutier Oil in Natchez. Lawrie Cloutier, owner of Cloutier Oil, tells the Natchez Democrat the sale was completed March 19. Terms were not disclosed. Cloutier Oil was started Oct. 1, 1958, and originally served commercial businesses that had [...]

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