News & Press

PASCAGOULA, Miss. -- Merchants & Marine Bancorp, Inc. (OTCQX: MNMB), (the “Company”) the parent company of Merchants & Marine Bank (the “Bank”), today announced the completion of its previously announced acquisition of Mississippi River Bank, Belle Chasse, Louisiana.

The acquisition, which was effective with the close of business on April 10, 2024, expands the Company’s operations into the strong and growing Plaquemines Parish & West Bank communities in Louisiana

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5-Star Mississippi River Bank Like Having a Friend in the Banking Business

Belle Chasse, LA - March 2023: BauerFinancial, Inc., the Nation’s Premier Bank Rating Firm, is proud to announce that Mississippi River Bank has earned its Top (5-Star) Rating for financial strength and stability.

Bauer rates every federally-insured U.S. chartered bank with the same strict standards, and is pleased to report that Mississippi River Bank continues to outperform its peers. What does it mean when we say, “like having a friend in the banking business?”, muses Karen Dorway, president of BauerFinancial. “It means loyalty and dedication. It’s a connection, one that you can rarely find in a big bank. But at Mississippi River Bank, it comes naturally. Not to mention”, she continues, “a local bank means local decisions, made by people just like you.”

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