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MERCHANTS & MARINE BNCORP - $MNMB STOCK NEWS

Welcome to our dedicated page for MERCHANTS & MARINE BNCORP news (Ticker: $MNMB), a resource for investors and traders seeking the latest updates and insights on MERCHANTS & MARINE BNCORP stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MERCHANTS & MARINE BNCORP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MERCHANTS & MARINE BNCORP's position in the market.

News
Merchants & Marine Bancorp, Inc. Completes Acquisition of Mississippi River Bank
Rhea-AI Summary
Merchants & Marine Bancorp, Inc. (MNMB) completes the acquisition of Mississippi River Bank, expanding operations into Louisiana. The acquisition boosts consolidated assets to $794 million, gross loans to $449 million, and deposits to $617 million. Key executives from Mississippi River Bank join the Company, maintaining existing branding. The acquisition adds to the Company's Family of Community Banking Brands, enhancing its presence in the Southeast.
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Merchants & Marine Bancorp, Inc. Announces 2023 Financial Results
Rhea-AI Summary
Merchants & Marine Bancorp, Inc. (MNMB) reported a record net income of $6.29 million in 2023, with earnings per share of $4.73, a significant increase from the prior year. Gross income rose by 34.82% to $42.77 million. Net loans grew by 4.81%, while total deposits decreased by 10.03%. The company's financial performance was driven by improved loan yields, increased interest income, and strong credit quality.
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6.52%
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Merchants & Marine Bancorp, Inc. Named to 2024 OTCQX Best 50
Rhea-AI Summary
Merchants & Marine Bancorp, Inc. (MNMB) has been named to the 2024 OTCQX Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year. The company's stock performance reflects improved financial metrics, including net income and core income. The OTCQX Best Market offers transparent and efficient trading of established, investor-focused U.S. and global companies. Merchants & Marine Bank, a Mississippi chartered community bank, has grown from $25,000 to nearly $700 million in assets, with 16 offices serving the Mississippi & Alabama Gulf Coast region and the Mississippi Pine Belt.
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Merchants & Marine Bancorp, Inc. Announces Third Quarter Financial Results
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MNMB: Merchants & Marine Bancorp Reports 134.43% Increase in Q3 2023 Net Income, Total Deposits Down 10.01%
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Merchants & Marine Bancorp, Inc., to acquire Mississippi River Bank
Rhea-AI Summary
Merchants & Marine Bancorp, Inc. announces agreement to acquire Mississippi River Bank with $128 million in assets. Acquisition expected to be completed in Q1 2024. Both banks have earned a 5-Star Rating by Bauer Financial. Positive addition to MNMB's community banking brands.
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Merchants & Marine Bancorp, Inc. Announces Second Quarter Financial Results
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Merchants & Marine Bancorp, Inc. (MNMB) Reports Strong Q2 2023 Financial Results with Net Income of $1.87 Million, Driven by Increased Interest Income and Loan Growth
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CannaFirst Financial Launches in Alabama
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3.99%
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Merchants & Marine Bancorp, Inc. Welcomes Antonio J. Davis as Chief Risk Officer
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Merchants & Marine Bancorp, Inc. Announces First Quarter Financial Results
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Merchants & Marine Bancorp, Inc. Announces Fourth Quarter Financial Results
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MERCHANTS & MARINE BNCORP

OTC:MNMB

MNMB Rankings

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MNMB Stock Data

62.53M
1.15M
Commercial Banking
Finance and Insurance
Link
United States of America
Pascagoula

About MNMB

merchants & marine bancorp, inc. operates as the holding company for merchants & marine bank that provides personal and business banking products and services in jackson and george counties, mississippi and baldwin county in alabama. the company offers checking and savings accounts, and individual retirement accounts, as well as certificates of deposit; personal, auto, boat, recreation vehicle, construction, home equity, equipment and machinery, inventory, real-estate, acquisition, and sba loans, as well as lines of credit. it also provides merchant, bill pay, remote deposit capture, ach origination, check reorder, and internet banking services, as well as credit cards. the company was founded in 1932 and is based in pascagoula, mississippi.