by Associated Press Published: February 25,2013
Tags: acquire, acquisition, board, buy, conflict of interest, investigation, land, law, legal, loan, property, purchase, sale, sell, state agncy, sweetheart deal, trust
BILOXI — The head of the Land Trust for the Mississippi Coastal Plain says a board member employed by the state Department of Marine Resources asked the trust if it would buy land from her boss’ son, if the department provided some money. The proposal came from Tina Shumate, who resigned early in February as [...] [...]
by MBJ Staff Published: February 21,2013
Tags: acquisition, bank, banker, banking, buy, expansion, finance, financial institution, merger, purchase, sale, sell
BILOXI — The boards of directors of Community Bank, National Association, based in Alabama and the recently acquired Community Bank, Destin, Fla., have voted to merge with Community Bank, Coast, headquartered in Biloxi. Terms were not disclosed. According to Community Bank, the merger creates a $588-million bank consisting of 15 offices of Community Bank from [...] [...]
JACKSON — Trustmark Corporation has completed its merger with Mobile, Ala.-based BancTrust Financial Group Inc., as well as the merger of BankTrust with and into Trustmark National Bank. Gerard R. Host, President and CEO of Trustmark, stated, “We are delighted to expand the Trustmark franchise across Alabama, including the attractive Mobile, Montgomery and Selma markets, [...] [...]
JACKSON — EastGroup Properties’ profit nearly doubled in the fourth quarter thanks to the sale of an Oklahoma warehouse. The real estate investment trust said Tuesday that quarterly profit rose to $12.2 million, or 41 cents per share. That’s up from $6.4 million, or 24 cents per share, in 2011′s fourth quarter. For all of [...] [...]
by MBJ Staff Published: February 7,2013
Tags: acquisition, bank, banker, banking, buy, finance, financial institution, merger, purchase, sale, sell, shares, stock
TUPELO and KOSCIUSKO — Renasant Corporation and First M&F Corporation have signed a definitive merger agreement pursuant to which Renasant Corporation would acquire First M&F Corporation (M&F), a bank holding company headquartered in Kosciusko and the parent of Merchants & Farmers Bank. Upon completion of the transaction, the combined company will have approximately $5.8 billion [...] [...]
by Associated Press Published: February 5,2013
Tags: acquire, acquisition, bankrupt, bankruptcy, buy, casino, Commercial Real Estate, convention, entertainment, gamble, gambling, gaming, hospitality, hotel, lodging, meeting, nightlife, purchase, restaurant, sale, sell, tourism, tourist, vacation, visitor
VICKSBURG — An Oklahoma Indian tribe is no longer planning to spend $125 million to buy the bankrupt DiamondJacks casinos in Bossier City, La., and Vicksburg from Legends Gaming. Global Gaming Solutions, a unit of the Chickasaw Nation of Oklahoma, wrote in court papers filed Jan. 25 that the DiamondJacks operations had run further downhill [...] [...]
by MBJ Staff Published: February 1,2013
Tags: acquisition, bank, banker, banking, buy, expansion, finance, financial institutions, merger, purchase, sell
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 [...] [...]
by MBJ Staff Published: January 29,2013
Tags: association, buy, cunstomer, forecasdt, predict, prediction, purchase, retail, retailer, retailing, sales, sell, shop, store
WASHINGTON, D.C. — The National Retail Federation released its 2013 economic forecast today, projecting retail industry sales (which exclude automobiles, gas stations, and restaurants) will increase 3.4 percent, slightly less than the preliminary 4.2 percent growth seen in 2012. The subdued forecast comes on the heels of a holiday season that went head-to-head with Washington’s [...] [...]
by Associated Press Published: January 28,2013
Tags: acquire, buy, culture, furnishing, Heritage, historic, history, mansion, purchase, real estate, residential, sale, sell
PORT GIBSON — The contents of an Old South mansion in Port Gibson are going up for sale. An estate tag sale is set for Feb. 1-3 at the historic Oak Square home. The Clarion-Ledger reports Oak Square was once the town home of a cotton planter. It was later divided into apartments. More recently [...] [...]
by Associated Press Published: January 25,2013
Tags: acquisition, anti-trist, bank, banker, banking, buy, expansion, finance, financial institution, merger, purchase, regulator, regulatory, sale, sell
JACKSON — Trustmark Corporation and Mobile, Ala.-based BancTrust Financial Group Inc. has received full regulatory approval in connection with the proposed merger of BancTrust into Trustmark. Subject to customary closing conditions contained in the merger agreement, the transaction is expected to be effective as of the close of business Feb. 15. “We look forward to [...] [...]
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