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Tag Archives: Louisiana

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 ...

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Company to pay $3.5M after Mississippi, Alabama oil spills

An oil company has agreed to pay federal and Mississippi regulators $3.5 million in penalties and do more to prevent oil spills under a legal settlement filed last week. Federal and state regulators sued Denbury Resources of Plano, Texas, on Thursday, and filed a proposed consent decree at the same time. Members of the public have 30 days to comment ...

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Mississippi bank to buy Louisiana bank for $86M in stock

A Mississippi bank is buying a Louisiana bank. The First Bancshares Inc. of Hattiesburg announced Tuesday that it’s buying FPB Financial Corp. for $86 million in stock. The Hammond, Louisiana-based company owns Florida Parishes Bank, with $383 million in assets and seven offices in the Hammond and New Orleans areas. The First’s would spread its Louisiana footprint, filling a hole ...

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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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Los Angeles group buys Bossier City casino after bankruptcy

BOSSIER CITY, La. — A Los Angeles investment group is buying DiamondJacks Casino in Bossier City. Peninsula Pacific announced the purchase Wednesday, disclosing no price. The casino had been owned by creditors since emerging from bankruptcy in 2013. Faced with recovering little of the $300 million owed if they liquidated Louisiana and Mississippi casinos, creditors kept running them. Peninsula Pacific’s ...

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Mississippi counties on drought list grow to 48

Associated Press Farmers and ranchers in nearly 60 percent of Mississippi’s counties are now eligible for drought disaster aid, the U.S. Department of Agriculture said. In a news release Wednesday, USDA named 19 Mississippi counties as primary disaster areas, and 27 as contiguous. Eleven, including two that were not already on Mississippi’s list, are adjacent to drought disaster areas in ...

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