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Tag Archives: banker

Former bank CEO gets six years-plus in prison

BUDE — A former bank executive has been sentenced to more than six years in federal prison for money laundering and bank fraud. U.S. Attorney Gregory K. Davis and Daniel McMullen, the FBI agent in charge in Mississippi, announced the sentence yesterday in a news release Authorities say 58-year-old Larry Barnette Hill of Meadville served as CEO of People’s Bank ...

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BancorpSouth redeeming trust preferred securities

TUPELO — BancorpSouth Inc. reports that BancorpSouth Capital Trust I expects to redeem all of its issued and outstanding 8.15 percent trust preferred securities within the next 60 days. The aggregate principal amount of the outstanding trust preferred securities is $125 million. The trust preferred securities are currently callable at the option of the Tupelo-based bank holding company. The redemption ...

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Shareholders approve Renasant-First M&F merger

TUPELO and KOSCIUSKO — The purchase of First M&F Corp. by fellow Mississippi bank Renasant Corp. is going forward. Shareholders of both banks approved the merger today. Shareholders of First M&F, based in Kosciusko, will own about 20 percent of the merged bank. Tupelo-based Renasant will pay $143 million in stock to First M&F shareholders. Renasant will repay $30 million ...

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United Mississippi merging, adding two counties to footprint

NATCHEZ — United Mississippi Bank officials say a merger will expand the Natchez-based bank into Franklin and Amite counties. UMB President Sammy Porter tells The Natchez Democrat the merger, which is being completed through a stock purchase agreement with People’s Bank of the South and PBFC Holding Company, is a “great thing” for both banks. Peoples Bank has branches in ...

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Whitney closing eight branches in three La. cities

GULFPORT — Eight Whitney Bank branches in Louisiana are set to close at the end of August. Hancock Holding Co., the Gulfport-based parent company of Whitney Bank, announced it would close the Baton Rouge branches at 9800 Airline Highway, 2600 Citiplace Drive and 11659 Plank Road, along with a branch in Algiers, and one in LaPlace. The Advocate reports two ...

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More than 200 employees take early retirement from BancorpSouth

TUPELO — BancorpSouth Inc. has released the final results of the company’s previously announced voluntary early retirement program, which was offered to certain employees as a part of ongoing efforts to improve efficiency and operating performance.  All responses were due, subject to applicable rescission rights, on or before May 23. Of the 418 employees who were eligible to participate in ...

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Bank earns five stars for 94th consecutive quarter

GULFPORT — BauerFinancial Inc. has awarded Hancock Bank a 5-Star Superior rating for the quarter ending Dec. 31, 2012. Hancock Bank has received BauerFinancial recommendations (4-Star or 5-Star ratings) for 94 consecutive quarters — or more than 23 years. “By making common-sense business decisions, proactively managing risk, and understanding how people prefer to do business, Hancock Bank has safeguarded the ...

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Deadline approaching for post-tornado loans from SBA

ACROSS MISSISSIPPI — The U.S. Small Business Administration reminds homeowners, renters, businesses and non-profit organizations of the deadline to submit disaster loan applications for damages due to the severe storms and tornadoes April 11-12. The deadline to apply for physical damage is June 17. Low-interest disaster loans are available in the following counties: Noxubee County and the adjacent counties of ...

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Bank opens new Texas office, expands Houston footprint

JACKSON — Trustmark National Bank has opened a new 12,000-square-foot office location on the first and second floors of the Nexen Building in Bunker Hill, Texas. The financial institution said it needs to expand as it continues to grow within the Houston market. Trustmark currently operates 15 locations in the Houston market, with loans outstanding of approximately $835 million and ...

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Bank prices initial public offering at $24 per share

GULFPORT — First NBC Bank Holding Company, the New Orleans-based holding company for First NBC Bank, has priced its initial public offering of 4,166,667 shares of common stock at a price to the public of $24 per share. The common stock has been approved for listing on the NASDAQ Global Select Market, trading under the symbol “NBCB.” The offering is ...

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