Merchants & Marine Bank was established January 11, 1932 by a group of visionary citizens. They sensed the promise this area had to offer and knew that the services of a strong, dependable bank were necessary for growth.
The Bank has grown from $25,000 to over $600 million in assets. M & M Bank began with two small offices and has grown to thirteen offices serving Jackson and George Counties as well as Alabama. The offices are conveniently located in Pascagoula, Moss Point, Gautier, Escatawpa, Wade, Hurley, Ocean Springs, St. Martin and Lucedale. Our Alabama locations include Gulf Shores and Crossville. From the original handful of investors, the ownership has grown to nearly one thousand shareholders. A one-bank holding company was approved by the shareholders in April 2008, and the stock is now held in the name of Merchants & Marine Bancorp, Inc.
The Bank has a history of steady, solid performance. Earnings have typically exceeded peer group. Merchants & Marine Bank has been named one of the Top 200 Community Banks by U.S. Banker magazine, and has been awarded numerous times a 5-Star Superior rating for financial strength and stability from BauerFinancial, Inc. indicating that Merchants & Marine Bank is one of the strongest banks in the nation.
The Bank’s consistencies in ownership, management and staff, and commitment to customers and community have been the key to its success. A local, well informed Board of Directors promotes faster decision making and helps the bank take an aggressive leadership role in community involvement and economic development.