NEW YORK (AP) — Stock and bond prices are climbing Wednesday after Democrats won control of the House of Representatives in the U.S. midterm elections, while Republicans kept a majority in the Senate. Big-name technology and consumer companies are…
GULFPORT, Miss.—Hancock Whitney bank has awarded $140,000 in competitive grants to 12 non-profit organizations making major differences for people and communities across the Gulf South. Hancock Whitney grant winners are qualifying 501 (c)(3) organizations providing affordable housing, small business, economic development,…
NEW YORK (AP) — U.S. stocks are mostly higher but have given up most of a big early gain Monday as a stretch of volatile trading that began early this month continues. Banks and health care companies are rising and…
PRESS RELEASE - Julie B. Nosser, CRC, recently joined Hancock Whitney as a Senior Regional Credit Officer. The announcement was made in a press release. Formerly with Capital One in New Orleans, the 17-year veteran of credit, underwriting, and portfolio management received…
NEW YORK - Wells Fargo, still haunted by multiple scandals, reported higher earnings in the third quarter Friday but still fell short of what analysts were looking for. Wells saw its earnings jump to $6 billion from $4.5 billion in…
LAFAYETTE, La. – On Wednesday, Oct. 3, Home Bancorp, Inc. (Nasdaq: “HBCP”), the parent company for Home Bank, celebrated its 10th anniversary as a public company by ringing the Nasdaq closing bell. The company’s board of directors and executive team joined President and…
WASHINGTON (AP) — The International Monetary Fund is downgrading its outlook for the world economy, citing rising interest rates and growing tensions over trade. The IMF said Monday that the global economy will grow 3.7 percent this year, the same…
NEW YORK (AP) - There may be a second act for Toys R Us, the retail wonderland for children that turned out the lights at hundreds of stores for what was thought to be the final time over the summer.…
WASHINGTON (AP) — The Senate moved closer Tuesday to passing legislation to roll back some of the safeguards Congress put in place to prevent a repeat of the financial crisis. Enough Democrats supported a procedural vote on the bipartisan…
Electronic bank statements have virtues — saving trees, keeping your desk uncluttered — but they also have a vice: They can be easy to forget. You could instead get paper statements delivered by mail, an option that's becoming less…
New Orleans, LA – Joseph S. Exnicios, president of Hancock Whitney Bank, has been named chairman of the Business Council of New Orleans & the River Region. His two-year term began on Jan. 1. Mr. Exnicios, a long-time member of the…
NEW YORK (AP) — JPMorgan is boosting wages, opening new branches and hiring thousands of new workers citing improved economic performance and sweeping changes to the U.S. tax code. The U.S. recently slashed the corporate rate to 21 percent from,…
SAN ANTONIO - Southern Wealth Management and Capital Plan announced the combination of their two companies to provide a wider range of financial services for their clients. Effective immediately, Southern Wealth Management and Capital Plan will begin operating as a…
NEW YORK (AP) — Bank of America said Wednesday that its fourth-quarter profits fell by nearly half from a year ago, as the bank had to book $2.9 billion in charges related to the new tax law. But setting aside…
NEW YORK (AP) — Goldman Sachs posted a $1.93 billion loss in the fourth quarter as the investment bank had to record more than $4 billion in charges related to the new tax law. It was the bank's first quarterly…
NEW YORK (AP) — Citigroup reported an $18.3 billion loss in the fourth quarter on Tuesday — effectively wiping out the company's full-year 2017 profit — as the financial conglomerate had to take more than $20 billion in accounting write-downs…
NEW ORLEANS - Fidelity Bank, a Southeast Louisiana-based financial institution, announced today the appointment of Chris Ferris as President and CEO. Ferris will begin his role as President and CEO immediately. Ferris joined Fidelity Bank in October 2014 and last…
NEW ORLEANS - Today Gulf Coast Bank & Trust Company announced it has raised its minimum wage to $12 dollars per hour effective Monday, January 8. This increase gives the bank one of the highest starting salaries for unskilled workers in the state.…
TUPELO, Miss. (AP) — A Mississippi bank has won approval to complete mergers with Louisiana and Texas banks that were delayed for nearly four years. BancorpSouth announced Wednesday that it intends to complete the acquisitions of Ouachita Independent Bank and…
WASHINGTON (AP) — A GOP-controlled Senate panel rebuffed President Donald Trump on Tuesday, killing the nomination of his controversial pick to run the Export-Import Bank. Two Banking Committee Republicans, Tim Scott of South Carolina and Mike Rounds of South Dakota,…
NEW ORLEANS – Gulf Coast Bank & Trust Company has announced the acquisition of American Business Lending, Inc. – a Dallas-based SBA lender. Gulf Coast Bank retained American Business Lending’s staff and management team, merging operations of American Business Lending with its…
NEW ORLEANS – Union Savings and Loan Association (Union) and Hibernia Bancorp, Inc. (Hibernia Bancorp), today announced they have executed a definitive agreement whereby Union will acquire Hibernia Bancorp and its wholly-owned subsidiary, Hibernia Bank, in an all-cash transaction valued at…
LAFAYETTE, La. (AP) — IberiaBank has agreed to pay $11.7 million in a settlement with federal officials over allegations the bank and its mortgage company made false claims for loan guarantees, the U.S. Justice Department announced Friday. The Justice Department…
WASHINGTON (AP) — A Senate panel on Tuesday approved legislation that would provide banks and credit unions with relief from some of the stricter regulatory requirements put in place after the 2008 financial crisis. The bill, which was approved by…
BILOXI, Miss. (AP) — A south Mississippi bank will voluntarily shift trading in its stock from a small-company stock market to an over-the-counter exchange. Peoples Financial Corp. Chairman Chevis Swetman says in a statement that directors made the shift to…
WASHINGTON (AP) — The Senate Banking Committee on Tuesday approved President Donald Trump's selection of Jerome Powell to be the next chairman of the Federal Reserve. The committee vote was 22-1 with all Republicans and every Democrat except Sen. Elizabeth…
METAIRIE - Metairie Bank and Trust Company (OTC: MBKL) announced that its Board of Directors at their meeting on November 28, 2017, declared a semi-annual cash dividend of $0.50 per share on the common stock of the Company, payable on…
WASHINGTON (AP) — Richard Cordray, Obama-appointed director of Consumer Financial Protection Bureau, has announced his resignation. His early resignation will give President Donald Trump a chance to appoint his own director of the powerful agency established in the wake of the…
NEW YORK (AP) — U.S. stock indexes are little changed Wednesday afternoon as a recent decline in interest rates continues to put pressure on banks, and energy companies also move lower. Household products and food companies are trading higher and…
NEW ORLEANS – Gulf Coast Bank & Trust Company, New Orleans’ largest locally-owned bank, announced record earnings for the third quarter of 2017. Among the significant milestones, Gulf Coast Bank & Trust Company grew to $1,631,000,000 in total assets,…
