MidSouth Acquiring Peoples State Bank - KLFY News 10

MidSouth Acquiring Peoples State Bank


One Hub City corporation is increasing its territory and putting its name on the map across the state.

MidSouth Bank will acquire Louisiana based, Peoples State Bank which is headquartered in Many. By March of 2013 MidSouth will have 16 new branches located in Northern Louisiana and the Texarkana area.

President and CEO of MidSouth Bank, Rusty Cloutier, says "When this deal is done, the combined bank, with total assets of $1.9 billion, will have 58 banking centers up and running."

The deal is estimated to be valued at 39 million dollars.

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