Merchants & Marine Bancorp Inc. (MNMB)

Overview

Merchants & Marine Bancorp, Inc. stands as the parent company for Merchants & Marine Bank, which dedicates its operations to offering comprehensive personal and business banking solutions. Established in 1932 and headquartered in Pascagoula, Mississippi, the bank extends its services across Jackson and George Counties in Mississippi, as well as Baldwin County in Alabama. Through its long history, the institution has committed to fulfilling the financial needs of its customers by providing a wide array of banking products and strategies aimed at enhancing personal and commercial financial health.

Products and Services

• Checking and Savings Accounts, and Individual Retirement Accounts (IRAs): The bank offers a variety of deposit accounts to meet the personal banking needs of its customers, including daily transaction accounts, savings vehicles for future needs, and retirement saving accounts to prepare for one's golden years.
• Certificates of Deposit (CDs): Customers can invest their savings in CDs provided by the bank, which typically offer higher interest rates than regular savings accounts in exchange for locking in funds for a predetermined period.
• Loans: A comprehensive range of loan products is available, including:
  • Personal Loans: For individual or family purposes, including home improvements or personal projects.
  • Auto, Boat, and Recreation Vehicle Loans: Tailored financing options for purchasing vehicles or boats for personal use.
  • Mortgage and Adjustable-Rate Mortgage Loans: Offering financing solutions for homebuyers with various mortgage plans.
  • Construction Loans: Specialized loans for financing the construction of a new home or property.
  • Home Equity Loans: Utilizing the equity in one’s home for loans that can be used for various personal expenses.
  • Equipment and Machinery, Inventory, and Real-Estate Loans: Targeted towards businesses for the purchase of essential operational assets or stocks.
  • Acquisition Loans: For businesses looking to acquire other businesses or significant assets.
  • Small Business Administration (SBA) Loans: Government-backed loans designed to help small businesses grow and thrive.
  • Lines of Credit: Flexible borrowing options for both individuals and businesses to meet short-term financial needs.
• Credit Cards: The bank offers credit card services with various benefits and features suited to both personal and business clients.
• Merchant, Bill Pay, and Financial Management Services:
  • Merchant Services: Providing businesses with the necessary tools to process customer payments efficiently.
  • Bill Pay Services: An easy and convenient way for customers to manage and pay their bills online.
  • Remote Deposit Capture, ACH Origination and Notification, and Positive Pay Services: Advanced solutions for businesses to manage their cash flow, transactions, and protect against fraud.
• Online and Mobile Banking Services:
  • Online Banking and E-Statements: Providing customers with the ability to manage their finances and view statements online.
  • Mobile Banking, Mobile Deposit, Mobile Wallet, and Card Protect Services: Offering secure and convenient mobile solutions for managing accounts, depositing checks, making payments, and protecting card information on the go.