Quality Companies USA announced its purchase of Traco Production Services and a new $2 million headquarters project at Traco’s Youngsville site.
As part of the deal, MidSouth will acquire approximately $70 million in loans and to assume more than $150 million in deposits.
The feds have approved the seventh deepwater drilling permit under the new regulatory process prompted by the BP disaster.
The cash buy will allow the 102-year-old Lafayette bank to expand into Orleans and Jefferson parishes.
Stuller COO Jay Jackson has been elevated to president and CEO, and founder Matt Stuller returns to the role of chairman.
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