A Case of Sweating Bullets in Biloxi
Disclosure: As of this posting, I own shares of PFBX and may subsequently either dispose of them or purchase more.
To win in Mississippi's Harrison and Hancock Counties, you gotta be able to sweat it out against Hancock Bank (HBHC). Peoples' branches could help any of these players stand a chance.
Bancorp South, Tupelo, MS (BXS)
First Bancshares, Hattiesburg, MS (FBMS)
Iberiabank, Lafayette, LA (IBKC)
†as of 06/30/2015
Chevis B Swetman, Chairman, President, and CEO
A Wes Fulmer, Executive VP and Chief Credit Officer
Laurie A Wood, Senior VP and CFO
If I'm right to infer that people are Swetman's calling, then maybe it would help to broaden his understanding of how real people are being negatively impacted by Peoples' Financial.
I'm most bothered what clients of the bank's Trust Department have experienced.
I really want to believe Swetman is a decent man, and I can forgive him if he changes course now to make amends. Question is, will he break into the sweat needed to do what it will take?