Energy industry

MidSouth in Louisiana pressed to sell itself


Jacobs Asset Management, which expressed frustration over a slow turnaround at MidSouth, said it could launch a proxy battle at next year's annual meeting.


Bad energy loan drives up charge-offs at BOK


The Oklahoma bank’s net charge-offs were its second-highest in the last five quarters, but the company said it was confident in its credit quality outlook and growth prospects from a pending acquisition.


End in sight for Hancock's lingering energy-related issues


The Mississippi company said it has recorded most of the expected charge-offs tied to the last severe decline in oil prices.


Energy lending once again attractive, but this time it’s different


Lenders are taking steps to reduce exposure to fluctuations in oil prices, including getting tougher in demanding that drillers use commodity hedges.


Shift to smaller loans is paying off for Cullen/Frost


The San Antonio company said that it has scaled back its exposure to energy loans in favor of a greater emphasis on loans of less $10 million.


Energy loans fuel 19% increase in BOK Financial's 1Q profit


Double-digit growth in personal loans and record wealth management revenue also helped the Tulsa, Okla., beat earnings forecasts.


Tax law forces rethink of banks’ commitment to renewable energy


Several banks suffered fourth-quarter hits when they reduced the value of certain energy investments. Still, renewable energy could remain a viable business thanks to other benefits embedded in the tax law.


Trio of investors to pare back stakes in Green Bancorp


The private equity firms plan to sell a total of 3 million shares in the Houston company in coming weeks.


MidSouth to add turnaround specialist in senior-level shake-up


MidSouth Bancorp in Lafayette, La., has appointed one of its regional executives to the newly created post of chief banking officer and moved to appoint a veteran turnaround banker to its board.


MidSouth in La. deemed to be in troubled condition by Fed


The move restricts what MidSouth can independently do with board appointments and executive duties. The company was hit with a similar assessment by the OCC last year.