Management at MidSouth Bancorp (MSL) in Lafayette, La., can finally take a break from deals after agreeing to buy PSB Financial in Many, La.

The $39 million deal seals most of the gap in MidSouth's targeted branch network, taking it into northern Louisiana and northeast Texas, says Rusty Cloutier, the company's president and chief executive. PSB is MidSouth's fifth deal for a bank or branches since early 2011 and will take the company to 58 branches and $1.9 billion in assets.

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