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. ... Read full article
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. ... Read full article
The purchase will significantly increase Hancock's assets under management and administration. ... Read full article
The bank, which agreed to acquire Hibernia Bancorp for $28 million, will adopt the seller's name after completing the deal. ... Read full article
Jefferson Financial in Louisiana struck a deal to bring in $12 million in secondary capital, which is believed to be the biggest haul to date for a credit union. It could also embolden other credit unions to pursue similar fundraising efforts. ... Read full article
Here's a look at the 12 housing markets with the largest percentages of mortgages over $500,000 — the new threshold House Republicans have proposed for the mortgage interest deduction in their tax plan. ... Read full article
The company, which recently bought Sabadell United in Miami, is pledging to make billions of dollars in mortgages and small business loans in low- and moderate-income communities. ... Read full article
The company, which plans to change its name to Hancock Whitney next year, reported increased profit that reflected balance sheet growth. ... Read full article
The Louisiana company also set aside funds to cover efforts to settle litigation tied to its mortgage business. ... Read full article
The agency has earmarked all funds from a Hurricane Harvey recovery package for direct relief, despite calls to get more bankers involved in the process. It remains to be seen how the agency will handle the cleanup for Hurricane Irma. ... Read full article
Many financial institutions have activated their emergency centers, closed branches and stocked ATMs in advance of landfall. ... Read full article
The agency's statement comes as Tropical Storm Harvey gets closer to the Texas shore. ... Read full article
Home will add 12 branches and nearly $600 million in assets when it completes the acquisition. ... Read full article
Investar Holding has reached an agreement to acquire BOJ Bancshares for $22 million, helping it expand in its home market of Baton Rouge. ... Read full article
The Louisiana company, which recorded a large loan-loss provision to cover energy-related chargeoffs, also disclosed a new regulatory order from the Office of the Comptroller of the Currency. ... Read full article
MidSouth Bancorp in Louisiana will cut jobs, close branches and slash its dividend as it works to reduce its energy exposure. ... Read full article
The Louisiana company, which fired its CEO earlier this year, has been paying a hefty dividend on funds it obtained from the Treasury Department in 2011. ... Read full article
The Louisiana company's board has made it clear that independence is "not a God-given right" while charging new management with addressing energy loan issues, underwriting, capital and expenses. ... Read full article
Entegra Financial disclosed that it held First NBC subordinated debt. An impairment charge tied to the bank's failure will lower Entegra's first-quarter results by $441,000. ... Read full article
Rusty Cloutier had been CEO of MidSouth Bancorp for 32 years. Energy-sector woes helped do him in. ... Read full article
The Louisiana company also said that credit company in its energy portfolio improved during the first quarter. ... Read full article