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.

With energy stocks enjoying the biggest rebound since the beginning of the oil rout, short sellers have shifted their sights to regional banks that do business with the industry.

Hancock Holding is warning of more pain in its energy portfolio as low prices continue to hamper oil and gas firms’ ability to repay their loans.

The former chief executive of a failed bank in Lincoln, Neb., was sentenced to 11 years in prison for forming a scheme to hide more than $100 million in losses from shareholders and regulators.

A dozen banks from Arkansas to Virginia are nearing $10 billion in assets, where they will face higher compliance costs and caps on interchange fees. Mergers among those institutions could create a new class of regional bank.

Hancock Holding in Gulfport, Miss., has nominated the chief financial officer for the city of Tampa, Fla., to join its board.

Sandhills State Bank in Bassett, Neb., has agreed to buy Bank of Keystone in Keystone, Neb.

Bank executives have faced relentless questions about their energy-sector exposure during fourth-quarter earnings calls this month, as oil has bobbed above and below $30 a barrel. They are taking more drastic actions to contain losses, but it still might not be enough.

The Mississippi bank hopes its settlement talks with the CFPB and Justice Department ultimately clear the way for it to complete acquisitions in Texas and Louisiana, but time is running short.

Trustmark in Jackson, Miss., reported lower quarterly profit after a decline in deposit service charges and mortgage banking offset loan growth and reduced expenses.

The collapse in oil prices hammered fourth-quarter profits at Hancock Holding as the Gulfport, Miss., sharply boosted its loan-loss provision address weakness in its energy loan book.