Renasant acquiring First M&F in all-stock deal
TUPELO and KOSCIUSKO — Renasant Corporation and First M&F Corporation have signed a definitive merger agreement pursuant to which Renasant Corporation would acquire First M&F Corporation...
View ArticleBank raises $20M through private stock placement
HATTIESBURG — The First Bancshares Inc., the parent company of The First, A National Banking Association, has completed a private placement of Series D Nonvoting Convertible Preferred Stock, $1 par...
View ArticleBank prices initial public offering at $24 per share
GULFPORT — First NBC Bank Holding Company, the New Orleans-based holding company for First NBC Bank, has priced its initial public offering of 4,166,667 shares of common stock at a price to the public...
View ArticleShareholders approve Renasant-First M&F merger
TUPELO and KOSCIUSKO — The purchase of First M&F Corp. by fellow Mississippi bank Renasant Corp. is going forward. Shareholders of both banks approved the merger today. Shareholders of First...
View ArticleThe First accounts for merger, net income down nearly 25 percent
HATTIESBURG — The First Bancshares Inc. reports net income available to common stockholders for the three months ended June 30 amounted to $706,000, or $.18 per diluted share, compared to $931,000, or...
View ArticleSouthern Co. shareholders to feel losses from Kemper plant
KEMPER COUNTY — Southern Co. shareholders will absorb $450 million in losses incurred while building a new coal-fired power plant in Mississippi, raising the total write-offs on the construction...
View ArticleBancorpSouth increases dividend for first time in two years
TUPELO — The BancorpSouth Inc. board of directors has declared a quarterly cash dividend of $0.05 per common share, which is a $0.04 per share or 400 percent increase over the company’s previous...
View ArticleCal-Maine sees income fall while costs rise
JACKSON — Cal-Maine Foods Inc. said today that its fiscal first-quarter net income fell 6 percent as feed and production costs climbed. The egg producer earned $8.8 million, or 36 cents per share, for...
View ArticleSwetman: Peoples’ profit ‘not at the levels we would wish’
BILOXI — Peoples Financial Corporation, parent of The Peoples Bank, reported net income of $886,000 for the third quarter of 2013, an increase of 18 percent over the same period a year ago. Earnings...
View ArticleThe First reports improved quarter, nine-month period
HATTIESBURG — The First Bancshares Inc., holding company for The First, A National Banking Association, reports net income available to common stockholders for the three months ended Sept. 30 was...
View ArticleBancorpSouth merging with La. bank in stock/cash deal
TUPELO — BancorpSouth Inc. has signed a definitive merger agreement with Ouachita Bancshares Corp. and its wholly owned subsidiary, Ouachita Independent Bank (OIB) headquartered in Monroe, La., whereby...
View ArticleBancorpSouth buying Texas bank in stock/cash deal
TUPELO — BancorpSouth will acquire Central Community Corp., the parent of Austin-based First State Bank Central Texas, pushing the bank much deeper into the competitive Texas banking market....
View ArticleDiamondhead Casino names new chairman/president
DIAMONDHEAD — Diamondhead Casino Corporation (DHCC), which has been trying to build a casino resort on its 404-acre property in Diamondhead for more than a decade, has appointed Ted Arneault, formerly...
View ArticleRegions increases dividend, authorizes repurchase program
BIRMINGHAM, Ala. — The Regions Financial Corporation (NYSE:RF) board of directors has declared a quarterly cash dividend of $0.05 per common share and authorized an equity repurchase program for up to...
View ArticleHancock Fabrics’ board votes to go private
BALDWYN — Hancock Fabrics says it plans to stop being a publicly traded company, allowing executives to focus on improving its business. The Northeast Mississippi Daily Journal reports the change has...
View ArticleThe First sees earnings increase, declares dividend
HATTIESBURG — The First Bancshares Inc. (NASDAQ: FBMS), holding company for The First, A National Banking Association, has reported earnings for the first quarter ended March 31. Net income available...
View ArticlePeoples reverses loss, posts $335K in net earnings during quarter
BILOXI — Peoples Financial Corporation (NASDAQ Capital Market: PFBX), parent of The Peoples Bank, reported net earnings of $335,000 for the second quarter of 2014 and $914,000 for the first half of the...
View ArticleHancock Fabrics board decides against reverse stock split
BALDWYN — Hancock Fabrics Inc.’s board of directors has decided to withdraw Proposal 1, which relates to the proposed reverse stock split and subsequent deregistration under the Securities Exchange Act...
View ArticleCitizens Holding repurchasing up to 200K shares of common stock
PHILADELPHIA — Citizens Holding Company’s board of directors has authorized the repurchase of up to 200,000 shares of its outstanding common stock over the next 36 months. As part of the share...
View ArticleCallon Petroleum to sell shares to fund acquisition in Texas
NATCHEZ — Callon Petroleum Company is selling stock to pay for new oil and gas properties it plans to buy in the Permian Basin of west Texas. The Natchez-based company will sell 12.5 million shares,...
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