Merger: Assumption Mortgage Corporation in Paincourtville was acquired by Commerce Bancshares, Inc. and renamed Assumption Mortgage in a deal that closed Aug. 29. Commerce Bancshares is the holding company for The Bank of Commerce in White Castle and Assumption Mortgage.
Notice: ExxonMobil warned today that its Baton Rouge chemical plant will be flaring intermittently this week as part of planned maintenance. The company says it has notified appropriate agencies and that the flares are safety control devices intended to consume excess hydrocarbons.
Prices fall: U.S. producer prices fell 0.3% in September, another sign, the Labor Department says, that inflation remains tame more than 10 years into America’s economic expansion. The producer price index drop was the first drop since June and the biggest since January. Falling prices were widespread, ranging from clothing to machinery.
