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Posts Tagged ‘banking’

Report: Optimism about the economy up 10 percent in fourth quarter

STARKVILLE — Mississippians’ optimism about the economy jumped 10 percent from the third to fourth quarter of 2011, according to the latest Mississippi Index of Consumer Sentiment featured in the current edition of “Economy Watch.” Based at Mississippi State University’s College of Business, “Economy Watch” is published in cooperation with BankPlus and Entergy. More than 500 [...] [...]

Britton & Koontz sees drop in net income in 2011

by MBJ Staff Published: February 2,2012

Tags: assets, banking, Banks, deposits, earnings, finance, financial institutions, loans, publicly traded company, revenue

NATCHEZ — Britton & Koontz Capital Corporation reports net income for the year ended Dec. 31, 2011, of $394,000, or $.18 per basic and diluted share, compared to $1.9 million, or $.90 per basic and diluted share, for 2010. Net income for the quarter ended Dec. 31, 2011, was $311,000, or $.15 per basic and diluted [...] [...]

Six counties eligible for SBA disaster recovery loans

NORTH MISSISSIPPI — The U.S. Small Business Administration is reminding small businesses that Feb. 24 is the filing deadline for federal economic injury disaster loans available in Alcom, Benton, DeSoto, Marshall, Tippah and Tishomingo counties in Mississippi.  The SBA declared a disaster because of severe storms, tornadoes, straight-line winds and flooding that began April 23, [...] [...]

Hancock Holding might pay less for merger with Whitney

by Associated Press Published: January 27,2012

Tags: bank, banking, finance, financial institution, mergers and acquisitions, money

GULFPORT — Hancock Holding Corp. says it’s on track to spend less than previously projected to wrap up its merger with the former Whitney National Bank, with profit rising in the fourth quarter. The parent of Hancock Bank and Whitney Bank said it earned $19 million in 2011’s fourth quarter, up from $17 million in the [...] [...]

First M&F reports increased earnings last year

by MBJ Staff Published: January 26,2012

Tags: bank, banking, finance, financial institution, publicly traded company

KOSCIUSKO — First M&F Corp. reports 2011 net income of $4.373 million, compared to a net income of $4.011 million for 2010, a nine percent increase. Earnings allocated to common shareholders were $2.584 million, or $0.28 basic and diluted earnings per share, compared to earnings of $15.071 million, or $1.66 basic and diluted earnings per share [...] [...]

BancorpSouth closes offering; BancorpSouth Insurance launches app

TUPELO — BancorpSouth Inc. has closed an underwritten public offering of 10,952,381 shares of its common stock at a price to the public of $10.50 per share. The gross proceeds from the offering, before expenses, were $109.3 million. The proceeds from the offering will be used by the financial institution for general corporate purposes, including to [...] [...]

Trustmark sees jump in earnings in 2011

by MBJ Staff Published: January 25,2012

Tags: banking, Banks, deposits, earnings, finasnce, income, loans, money, publicly traded company

JACKSON — Trustmark Corporation reports net income available to common shareholders of $106.8 million for the year ended Dec. 31, 2011, which represented diluted earnings per common share of $1.66, an increase of 5.7 percent compared to figures one year earlier. Trustmark during 2011 produced a return on average tangible common equity of 12.25 percent and [...] [...]

Underwriters of BancorpSouth offering exercise over-allotment option

TUPELO — BancorpSouth Inc. reports the underwriters for the recently announced public offering of BancorpSouth Inc. common stock have exercised in full their over-allotment option to purchase an additional 1,428,571 shares at a public offering price of $10.50 per share. The company intends to use the net proceeds of this offering for general corporate purposes, including [...] [...]

Peoples adds officers

by MBJ Staff Published: January 15,2012

Tags: Allison Winstead, banking, Leslie Franklin, Peoples Bank, Regan Ishee

Shey Winstead has joined Peoples Bank. He will serve as vice president-BSA officer responsible for performing various quality control reviews and monitoring in the area of Bank Secrecy Act, USA Patriot Act, anti-money laundering, OFAC and Customer Identification Program compliance using industry standard and regulatory guidance sampling methods to ensure the bank’s compliance efforts are [...] [...]

Ex-bank adjuster gets jail time for fraud

by Associated Press Published: January 11,2012

Tags: adjuster, banking, Banks, courts, finance, financial institutions, fraud, law, sentencing

GULFPORT — A federal judge has sentenced 45-year-old Lisa Brooks of Gulfport for defrauding her former employer, Hancock Bank, of nearly over $144,000. Chief U.S. District Judge Louis Guirola Jr. sentenced Brooks yesterday to serve two years in prison, with three years of supervised release, and to pay restitution. He also ordered her to perform 100 [...] [...]

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