Home » Tag Archives: banking

Tag Archives: banking

Renasant introduces financial wellness program for women

Renasant Bank has rolled out The Nest, a new financial and economic empowerment program for women. The initiative will feature education and information sessions in cities where Renasant Bank is located. “The program is aimed at helping women business owners and operators build healthy financial foundations for themselves and their families,” said Tracey Morant Adams, senior executive vice president. “With ...

Read More »

BancorpSouth earns $53.1 million in second quarter

TUPELO • BancorpSouth reported net income of $53.1 million, or 53 cents per share, for the second quarter of 2019, compared to $54 million, or 55 cents per share, for the same period a year earlier. The company’s revenue for the quarter was $226.35 million, an increase of 5.5% but $9.56 million below some analysts’ projections. Highlights for the second ...

Read More »

Mississippi bank buys another bank for $20 million in stock

One Mississippi bank is buying another for $20 million in stock. Citizens Holding Co., the parent bank of The Citizens Bank of Philadelphia, announced Tuesday that it’s buying Charter Bank of Biloxi. Charter, with four branches on the Mississippi Gulf Coast, has $161 million in assets. Citizens says the combined company will have $1.2 billion in assets. Regulators and shareholders ...

Read More »

Trustmark: net income up $33.3 million for quarter

Trustmark Corp. has reported net income of $33.3 million in the first quarter of 2019, or 51 cents per share. Trustmark declared a quarterly cash dividend of 23 cents per share, June 15 to shareholders of record on June 1. Gerard R. Host, president and CEO, stated in a news release: “We had a great start to the new year ...

Read More »

Hancock Whitney to buy struggling Louisiana bank for $213M

A Mississippi bank is buying a Louisiana bank and also expanding its Texas footprint. Hancock Whitney Corp. of Gulfport announced Tuesday that it will buy MidSouth Bancorp of Lafayette for $213 million in stock. MidSouth has been losing money, struggling with bad loans. MidSouth sold more stock, closed branches and sold off some loans. But it again posted a loss ...

Read More »

Integrated Teller Machine in New Hebron well received, Peoples says

By BECKY GILLETTE Peoples Bank, a small community bank that is based in Mendenhall, prides itself on having personal relationships with its customers. Often tellers know the names of customers, and might even ask about their family. So, at first glance, it might appear that a “video teller” installed in New Hebron would be more impersonal than a traditional bank ...

Read More »

Petro elected president of Mississippi Young Bankers

Marc Petro, of Community Bank of Mississippi, Ridgeland, has been elected to serve as president of Mississippi Young Bankers, a section of the Mississippi Bankers Association. Since 1950, Mississippi Young Bankers has been active in providing leadership development activities and supporting financial literacy programs of the MB Marc Petro A and its member banks. MYB members are involved in administering ...

Read More »

TODD SMITH — U.S. Trust, Merrill Lynch brands ride into sunset post Bank of America Merger

Two of the most iconic names in banking are galloping into the sunset! Recently, Bank of America said it will gradually retire the U.S. Trust brand to become the Bank of America Private Bank. The move is part of CEO Brian Moynihan’s “one-company” strategy to more closely align the bank’s various businesses and branding. The company will also no longer ...

Read More »

BancorpSouth moving closer to $20B with two more mergers

By DENNIS SEID / Daily Journal TUPELO • BancorpSouth Bank is getting closer to becoming a $20 billion bank, announcing Wednesday it was expanding its presence in Texas and Florida. The Tupelo-based bank said it was acquiring Van Alstyne Financial Corp., the parent company of Texas Star Bank, and Summit Financial Enterprises Inc., the parent company of Summit Bank. The ...

Read More »

Take the long view regarding stock market volatility

By BECKY GILLETTE In December 2018, U.S. stock markets had their worst performance since 1931. The Dow Jones had its worst Christmas Eve on record. While those facts are very concerning, Mississippi investment advisers are recommending clients stay the course and avoid the temptation to sell stocks when the market is down so much. “The best advice I give my ...

Read More »