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EX-99.1 - PRESS RELEASE DATED 4/4/11 - MIDSOUTH BANCORP INCjeffersonacquisition_release.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported)
   April 4, 2011
 
MidSouth Bancorp, Inc.
 
(Exact name of registrant as specified in its charter)
Louisiana
1-11826
72-1020809
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
102 Versailles Boulevard, Lafayette, Louisiana
70501
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code    337-237-8343
 
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Item 8.01.  Other Events
 
On April 4, 2011, MidSouth Bancorp, Inc. (“MidSouth”) (NYSE Amex: MSL), announced today that its subsidiary, MidSouth Bank, N.A., has entered into an agreement with Jefferson Bank and First Bank & Trust Company (“First Bank”) to acquire five Jefferson Bank branches located in the Dallas-Fort Worth, Texas area.  As part of the branch acquisition, MidSouth expects to acquire approximately $70 million in loans and to assume over $150 million in deposits.
 
The branches will be acquired from First Bank following its proposed acquisition of Jefferson Bank through an announced Rule 363 sale in connection with the bankruptcy filing by the parent holding company of Jefferson Bank.  As a result, the acquisition of the branches by MidSouth will be subject to approval by the bankruptcy court.  The branch acquisition is subject to a number of other conditions, including regulatory approvals and other customary closing conditions.  MidSouth anticipates that the acquisition will be completed before July 31, 2011.
 
Item 9.01  Financial Statements and Exhibits
 
(d)  Exhibits
 
99.1  Press release dated April 4, 2011
 
Signature
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
By:
/s/ James R. McLemore
     
 
James R. McLemore
     
 
Chief Financial Officer
     
         
Date:
April 4, 2011