Mississippi

TierOne Corp. of Lincoln, Neb., announced late Sunday that its independent auditors had resigned and had warned TierOne that some of its past financial statements are inaccurate.

TierOne Corp. in Lincoln, Neb., said that it has been notified that it is noncompliant with Nasdaq's listing rules for a second time in several months.

Britton & Koontz Capital Corp. of Natchez, Miss., has revised its fourth-quarter results to reflect a loss instead of a gain.

BancorpSouth Inc. in Tupelo, Miss., surprised investors late last week by announcing it would delay filing its annual report because auditors found asset-quality issues that will likely require an earnings restatement.

Cornerstone Bank in York, Neb., has agreed to buy Harvard State Bank, also in Nebraska, for an undisclosed sum.

Is Herald National Bank flying too close to the sun? For the New York bank, 2009 — its first year — was one for the record books. While many other community banks were tempering growth or even shrinking, the $433 million-asset start-up grew faster in its first year than had almost any other U.S. bank established over the past decade.

TierOne Corp. in Lincoln, Neb., got a new chief executive and struck a deal to sell nearly half its branches, but remains under the gun to raise a relatively large amount of capital.

Now with a war chest of capital, a clean balance sheet and willing management, Hancock Holding is primed to take advantage of down-cycle opportunities and is actively seeking acquisitions in Florida.

President Obama is due to meet today with 11 chief executives of community banks, following up on a meeting with the heads of larger institutions last week.

A new group formed to buy failing banks plans to use its recent deal for tiny, well-capitalized Palisades National Bank as a springboard for further acquisitions.

Alliance in Syracuse, N.Y., and Hancock in Gulfport, Miss., reported starkly different outcomes for their offensive stock offerings Friday.

Alliance in Syracuse, N.Y., and Hancock in Gulfport, Miss., reported starkly different outcomes for their offensive stock offerings Friday.

As other banking companies ready third-quarter results, at least two are being forced by regulators to restate their second-quarter figures, with serious consequences.

Hancock Holding in Gulfport, Miss., has begun a $150 million common stock offering, just after reporting that its third-quarter earnings slipped 4.9% from the year earlier, but rose 10.7% from the second quarter, to $15.2 million.

Community Trust Financial Corp. in Ruston, La., is expanding into Mississippi. The $1.2 billion-asset company has a deal to buy the $65 million-asset Madison Financial Corp., which would add three branches in the neighboring state.

TierOne Corp. in Lincoln, Neb., announced Friday that it plans to shrink its assets by a quarter through a branch sale to Great Western Bank, the Sioux Falls, S.D., unit of National Australia Bank.

With the backing of its deep-pocketed parent, Mutual of Omaha Bank intends to continue buying troubled or failed banks, and within 10 years it could even "rival" its ...