The Bank Slate


Banks in Miss., La. file applications for pending acquisitions

A pair of banks has filed with regulators to proceed with pending acquisitions.

Commerce Bancorp in Greenwood, Miss., applied to acquire Morton Bancorp in Morton, Miss., and $80.9 million-asset unit Bank of Morton. No terms were disclosed when the deal was announced in July.

Commerce, the parent of the $810 million-asset Bank of Commerce, expects to close the deal in the first quarter.

Separately, MC Bancshares in Morgan City, La., submitted its application to buy the $182.4 million-asset Heritage Bank of St. Tammany in Covington, La. MC Bancshares agreed in July to buy Heritage for $6.5 million in cash.

The $403 million-asset MC Bancshares said it plans to complete the acquisition in the fourth quarter.

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