Mississippi

The spike in the Libor rate is a boon for banks that have lots of floating-rate loans tied to the well-known benchmark. Shifts in money market funds are the driver, with the big question being how long the run will last.

The Federal Deposit Insurance Corp. has downgraded the Community Reinvestment Act rating for BancorpSouth in Tupelo, Miss.

The costs to extend buyouts to employees cut into Trustmark's second-quarter profit, as did a drop in mortgage banking.

Hancock Holding in Gulfport, Miss., got a breather from oil issues that have plagued its bottom line in recent quarters.

BancorpSouth in Tupelo, Miss., reported weaker quarterly profit after boosting its loan-loss provision and recording lower fee income.

Trustmark in Jackson, Miss., reduced its workforce by more than 6% by offering early retirement packages.

Trustmark in Jackson, Miss., said higher loan-loss provisions were largely to blame for a 7.4% year-over-year decline in its first-quarter profit.

BancorpSouth in Tupelo, Miss., posted lower earnings, in part because of costs from a possible settlement of allegations related to its fair-lending practices.

Hancock Holding in Gulfport, Miss., reported a steep drop in quarterly earnings that reflected ongoing energy woes.

Mutual of Omaha Bank and an affiliate of PlainsCapital Bank in Dallas have partnered to sell residential mortgages.