Home » Tag Archives: merger (page 2)

Tag Archives: merger

Renasant reports much higher net income after First M&F buy

TUPELO — During the second quarter of 2014, Renasant Corporation saw net income increase 85 percent to $14,853,000, or basic and diluted earnings per share (EPS) of $0.47, compared to $8,019,000, or basic and diluted EPS of $0.32, for the second quarter of 2013. The company’s balance sheet and results of operations as of and for the three months ending ...

Read More »

MetroCast Mississippi acquired by Ohio-based company

JACKSON — Block Communications Inc. has acquired MetroCast Mississippi, a rural cable system that provides cable television, telephone and Internet services to more than 45,000 residential and business customers in 16 Mississippi counties. Toldeo, Ohio-based BCI also acquired MetroCast operations serving Red Bay, Alabama. BCI says in a statement the deal is expected to close by the end of the ...

Read More »

The First expands Gulf presence with BCB acquisition

The First Bancshares Inc. (NASDAQ: FBMS), holding company for The First, A National Banking Association, has acquired BCB Holding Company Inc., holding company for Mobile, Alabama-based Bay Bank. Terms were not disclosed. The First president and CEO Hoppy Cole said, “We are excited about the opportunities that this merger will create in the Mobile market.” The acquisition will further expand ...

Read More »

Georgia-Pacific buying SPG facilities in three states

HATTIESBURG — Georgia-Pacific Consumer Products, LP and SPG Holdings, LLC have reached an agreement under which Georgia-Pacific would purchase SPG, a paper goods company that manufactures and converts products for the foodservice industry. SPG has operations in Hattiesburg as well as Green Bay, Wisconsin, and Augusta, Georgia. CIC Partners, a Dallas-based middle market private equity firm, has been lead investor ...

Read More »

C Spire buying Megagate Broadband for undisclosed price

RIDGELAND and HATTIESBURG — Mobile and Internet provider C Spire says it will buy MegaGate Broadband of Hattiesburg, which sells phone and Internet services to businesses. The move, announced yesterday, is part of Ridgeland-based C Spire’s continued diversification into a broader array of phone, Internet and video services, which includes a new focus on business customers. “We really want to ...

Read More »

BCB shareholders approve proposed merger with The First

HATTIESBURG — BCB Holding Company Inc. shareholders have approved the previously announced merger of BCB with and into The First Bancshares Inc., holding company for The First, A National Banking Association. Concurrently, BCB’s wholly-owned subsidiary, Bay Bank, an Alabama banking corporation, will be merged with and into The First, A National Banking Association. In addition, The First Bancshares has received ...

Read More »

Signet Maritime buys assets of Harvey Gulf

NEW ORLEANS — New Orleans-based Harvey Gulf International Marine has sold its towing division to Signet Maritime Corporation. Signet said the acquisition includes eight offshore towing vessels. Houston-based Signet, which has facilities in Louisiana and Mississippi, said it has committed to retention of all crewmembers. Signet said the transfer of ownership was completed with financing provided by Wells Fargo Equipment ...

Read More »

UMMC merging rehab services with Methodist

JACKSON — The University of Mississippi Medical Center will merge some functions with a neighboring rehabilitation hospital. The College Board approved the agreement with Methodist Rehabilitation Center today. UMMC will close its inpatient rehabilitation unit over the next two years and move it into Methodist’s building, hiring some of Methodist’s physicians and nurse practitioners as faculty members. Some UMMC employees ...

Read More »

Renasant reports better profits after First M&F acquisition

TUPELO — Regional bank Renasant Corp. says profit in 2013’s fourth quarter rose 80 percent in the second period following its takeover of First M&F Corp. Renasant posted quarterly profit yesterday of $13.6 million, or 43 cents per share. That’s up from $7.6 million, or 30 cents per share, in 2013’s first quarter. Because that earlier period was before the ...

Read More »

BancorpSouth buying Louisiana-based insurance firm

TUPELO — BancorpSouth Insurance Services Inc., a subsidiary of BancorpSouth Bank, has, signed a definitive agreement to acquire the assets of Lafayette, La.-based Knox Insurance Group, LLC. The transaction is expected to close immediately.  Financial terms of the pending transaction were not disclosed. “The Knox acquisition gives us an opportunity to meaningfully expand our market share in Southwest Louisiana,” said ...

Read More »