MidSouth Bancorp, Inc. Reports Quarterly Dividends and Election of D. Michael “Mike” Kramer to Board of Directors
May 30 2018 - 12:36PM
Business Wire
MidSouth Bancorp, Inc. (“MidSouth”) (NYSE: MSL) announced a cash
dividend was declared in the amount of one cent ($.01) per share to
be paid on its common stock on July 2, 2018 to shareholders of
record as of the close of business on June 15, 2018.
Additionally, the Board of Directors declared a quarterly cash
dividend of 1.00% per preferred share on its 4.00% Non-Cumulative
Perpetual Convertible Preferred Stock, Series C. The dividend is
payable on July 16, 2018, to shareholders of record as of the close
of business on July 2, 2018.
At today’s Annual Shareholder’s meeting D. Michael “Mike” Kramer
was newly elected to MidSouth’s Board of Directors. Mr. Kramer had
been serving as an advisor to the Board since the beginning of 2018
pending regulatory and shareholder approval. Jake Delhomme,
Chairman of the Board for MidSouth commented, “We are pleased to
welcome Mike officially to the Board of Directors. He’s already
made a tremendous impact as an advisor, giving Directors the
benefit of his extensive turnaround experience.” Jim McLemore,
MidSouth’s President and CEO added, “Mike’s counsel has been
invaluable as we work to remediate issues associated with our
formal agreement with the OCC.”
About MidSouth Bancorp, Inc.
MidSouth Bancorp, Inc. is a bank holding company headquartered
in Lafayette, Louisiana, with total assets of $1.9 billion as of
March 31, 2018. MidSouth Bancorp, Inc. trades on the NYSE under the
symbol “MSL.” Through its wholly owned subsidiary, MidSouth Bank,
N.A., MidSouth offers a full range of banking services to
commercial and retail customers in Louisiana and Texas. MidSouth
Bank currently has 42 locations in Louisiana and Texas and is
connected to a worldwide ATM network that provides customers with
access to more than 55,000 surcharge-free ATMs. Additional
corporate information is available at MidSouthBank.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180530006117/en/
MidSouth Bancorp, Inc.Investor Contacts:Jim
McLemore, CFA, 337-237-8343President and
CEOorLorraine Miller, CFA, 337-593-3143EVP and
CFO
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