Published:
Nation's Top Rating Firm Names MidSouth Bank, N.A. One of America's Strongest
LAFAYETTE, La., Sept. 30 /PRNewswire-FirstCall/ -- BauerFinancial, Inc.,
the country's leading independent bank rating and research firm, has placed
MidSouth Bank, N.A. among the safest and strongest institutions in America.
This is the 54th consecutive quarter MidSouth Bank has been named to this
list, placing it among the top 25 percent of 8,500 institutions rated for
financial soundness and validating its strength in today's volatile
marketplace.
"In this time of great instability in the financial markets comes
third-party reassurance that we are well-capitalized by FDIC guidelines and in
a strong position to work with any of our customers who may be having a
difficult time," said MidSouth Bank President and Chief Executive Officer
Rusty Cloutier. He said this respected national rating should send a message
to his customers that they have made a safe choice in selecting MidSouth Bank
for their financial services.
"These are extraordinary times, and it is still not clear whether we will
have a bill come out of Congress," Cloutier added. "I am confident that
whatever happens, financial organizations like ours -- which have been both
responsible and well-managed -- will be positioned to bring new customers into
their doors."
MidSouth Bank was founded in 1985, amid an unprecedented oil bust in south
Louisiana, and is today on the verge of becoming a billion dollar financial
institution. "We not only survived the oil industry downturn, but we also
thrived at a time when other banks were closing their doors," Cloutier said,
noting that for the past 23 years the bank has maintained a corporate-wide
commitment to proactive risk management.
MidSouth Bank officials attribute the bank's strength to its conservative,
diversified loan and investment portfolios and its strong core deposit base.
About BauerFinancial, Inc.
Located inCoral Gables, Fla., BauerFinancial, Inc. has analyzed and
reported on the performance of U.S. banks and credit unions since 1983.
Institutions neither pay for its ratings nor can they elude the ratings. Visit
http://www.bauerfinancial.com for more information.
About MidSouth Bancorp, Inc.
MidSouth Bancorp, Inc. (Amex: MSL) is a bank holding company headquartered
inLafayette, La., with total assets of $937.9 million as of June 30, 2008.
Through its wholly-owned bank subsidiary, MidSouth Bank, N.A., the Company
offers complete banking services to commercial and retail customers in south
Louisiana and southeastTexas. It has 34 locations inLouisiana andTexas and
more than 170 ATMs. The group is community oriented and focuses primarily on
offering commercial and consumer loan and deposit services to individuals, and
small and middle market businesses.
Established in 1985, MidSouth Bank has 26 offices extending along the
Interstate 10 corridor in southLouisiana located inLafayette (9),Baton
Rouge (3),New Iberia (3),Lake Charles (2),Sulphur,Jeanerette,Jennings,
Thibodaux,Larose,Opelousas,Breaux Bridge,Cecilia,Morgan City andHouma.
Additionally, the Company has seven full-service offices in the southeast
region ofTexas, includingHouston,Beaumont (3),Vidor,College Station and
Conroe. It also has a mortgage loan center inConroe. For more information,
visit http://www.midsouthbank.com.
SOURCE MidSouth Bancorp, Inc.
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
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