MidSouth Bank founder-President Rusty Cloutier and his son, Troy, who was promoted to CEO of the bank last November as part of a succession plan, have been fired in an abrupt move that has been the talk of the Lafayette banking community.
IberiaBank has signed a definitive agreement to acquire Sabadell United Bank in a stock and cash transaction that strengthens the Lafayette-based financial institution's Florida franchise, making the Sunshine State its largest franchise in terms of deposits.
Stocks were lower on Wall Street in afternoon trading on Friday, giving
up modest gains following a generally upbeat assessment of the economy
from Fed Chair Janet Yellen.
Stocks rose for a second day on Tuesday, helped by a stabilization in
crude oil prices, while Chipotle Mexican Grill fell on more worries
about the safety of its food.
The price of crude oil jumped 3 percent today after Turkey shot down a Russian fighter plane near the Syrian border, and U.S. stocks managed to shake off an early slump and end slightly higher.Energy
Lafayette-based Stone Energy Corp. this week reported a third-quarter
loss of $29.4 million or 54 cents per share, falling fall short of Wall
Street expectations.
The transaction, which adds 33 locations in five states, increasing the Lafayette company's footprint to 342 locations across 27 states, is valued at $60 million.
Lafayette-based home health and...
Company says in a statement that the name Popeyes "is among the most visible expressions of our Louisiana heritage and differentiates Popeyes in the marketplace."
NEW YORK (AP) - Restaurant...
In the works for five years, new system reduces cockpit workload by 60 percent and allows for more consistent operations under challenging weather and operating conditions.
Lafayette-based PHI...
Lafayette-based bank earned $3.3 million for the second quarter of 2013.
MidSouth Bancorp Inc. reported record quarterly net earnings of $3.3 million for the second quarter of 2013, compared to a...
Bank says lower interest rates cut into its income.
TUPELO, Miss. (AP) - BancorpSouth says profit fell in the first quarter as lower interest rates cut into its income.
The Tupelo, Miss., regional...
Offshore drilling rig contractor Transocean Ltd. said Nov. 6 that its third-quarter loss ballooned to $381 million, hurt in large part its expensive plan to exit the shallow water rig market.
The Zug,...
MidSouth Bank reported third quarter earnings of $2.2 million, or 21 cents a share, up from the $300,000 the company reported for the third quarter last year.
The increase in profit margins for...
MidSouth Bank reported third quarter earnings of $2.2 million, or 21 cents a share, up from the $300,000 the company reported for the third quarter last year.
The increase in profit margins for...
LHC Group, a Lafayette-based home health and hospice provider, earned $6.3 million in the third quarter, or 36 cents per share, compared to a $38 million loss, or $2.08 per share, in the comparable...
Feds approve Hancock-Whitney deal
The Federal Reserve has approved the long-awaited merger of Whitney Bank with Mississippi-based Hancock Bank, bringing the official acquisition date of June 5 closer...
Whitney loses $88 million in fourth quarter
New Orleans-based Whitney Holding Corp., which is in the midst of a merger with Hancock Holding Co. of Mississippi, reported a net loss of $88.5 million for...
LHC Group's earnings up 35%
Neither a Securities and Exchange Commission investigation nor a Senate Finance Committee inquiry into its billing practices dampened home health provider LHC Group's...
**Wednesday, August 25, 2010
Written by Leslie Turk
Teche reports record earnings for nine-month period**
Earnings at Teche Holding Company (Amex: TSH) for the nine month period ended June 30 amounted...
IberiaBank, MidSouth Bank say exposure on oil spill limited
Responding to media inquiries and the investment community, officials at IberiaBank Corp. (Nasdaq: IBKC) and MidSouth Bank (NYSE Amex: MSL)...