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Tag Archives: Hancock

Louisiana bank failure is costliest since financial crisis

Regulators on Friday seized New Orleans-based First NBC Bank in the costliest bank failure since the financial crisis, with cleanup costs estimated at $1 billion . The Louisiana Office of Financial Institutions handed the bank to the Federal Deposit Insurance Corp. in the fourth failure of a federally insured bank this year. Hancock Holding Co. of Gulfport, Mississippi, bought $1.6 billion in ...

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Furniture maker to spend $20 million, create 600 jobs

Associated Press One of northeast Mississippi’s fastest growing companies will take over the former headquarters of a regional mainstay that dissolved in bankruptcy. Southern Motion announced Wednesday that it will spend $20 million and hire 600 people over five years as the reclining furniture maker moves into a 758,000-square-foot building in Baldwyn. Former owner Hancock Fabrics closed after seeking bankruptcy ...

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Ocean Springs doctor named district health officer

OCEAN SPRINGS — The Mississippi State Department of Health has named an Ocean Springs pediatrician as the replacement for longtime District IX Health Officer Robert Travnicek, who retired in 2013. The Sun Herald reports D’Ette Lorio will serve has as the district health officer for Pearl River, Stone, George, Hancock, Harrison and Jackson counties. Lorio will transition from practicing as ...

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Whitney’s disposal of sour loans added to its appeal to Hancock

Hancock touts acquisition as earnings booster for shareholders. After more than 100 years of talking about merging with New Orleans neighbor Whitney National Bank, Gulfport’s Hancock Bank decided late 2010 might be the best time ever to strike a deal with the Louisiana institution. “The timing was impeccable,” Hancock president and CEO Carl Chaney said a few days after Hancock and ...

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Hancock at tops of rankings

     Financial institution again ranked among nation’s best banks    The second quarter of 2009 was a painful one for the state’s banks. Special FDIC insurance assessments and a spike in net charge-offs of bad loans gave earnings a one-two punch. Hancock Holding Company, parent of Hancock Bank, certainly was not immune. Net income during the second quarter was down ...

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