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Monthly Archives: January 2011

Cadence not sure when it will release 4Q earnings

By Ted Carter Put on hold any curiosity you have about the fourth quarter earnings of Starkville-based Cadence National Bank. The soon-to-go-private regional bank says it will release its earnings but it’s unsure when. “We do not have a definite release date for our earnings,” Cadence spokeswoman Donna Rupp said Friday. Cadence shareholders in December approved an acquisition by Community ...

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Healthcare reform: Leaving a bad taste

By Wally Northway There once was a company that was looking to launch a new brand of dog food. Everything looked promising — good brand name, attractive packaging, solid demographics and high marks from prospective customers. And it fell flat on its face. Why? It tasted terrible. Dogs simply hated it. I believe that to be a true story. If ...

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BancorpSouth rebounds further into black, cites decrease in non-performing loans

TUPELO — A balance sheet that a significant decline in provision for credit losses helped Tupelo-based regional bank BancorpSouth achieve fourth quarter net income of $15.8 million, or $0.19 per diluted share. This marked the second consecutive quarter of earnings improvement over the prior quarter as well as the bank’s best quarterly earnings performance for 2010. In the same quarter ...

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Butler Snow forms new advisory services subsidiary

JACKSON — Butler, Snow, O’Mara, Stevens & Cannada, PLLC announced today the formation of a new subsidiary, Butler Snow Advisory Services, LLC, under the direction of CEO Matt A. Thornton. Based in Ridgeland, the new company offers a complete range of traditional business and financial services to commercial and industrial, small business, emerging growth and start-up business enterprises as well ...

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Southern AgCredit issues largest dividend in history

RIDGELAND — The Southern AgCredit board of directors recently approved a patronage dividend for borrowers based on the financing cooperative’s 2010 earnings. Checks will be mailed to customers in mid-February. Southern AgCredit customers will receive a check for their portion of the $3.47-million cash patronage, plus a statement detailing their portion of an $8.03-million allocation that is eligible for future ...

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RCG-Starkville awarded CON for new location

STARKVILLE — Renal Care Group Mississippi (d/b/a RCG-Starkville) has received certificate of need authority (CON) for an amendment to CON #R-0772 (“Relocation of RCG-Starkville”) because the originally proposed site is no longer acceptable to the applicant’s patients and physicians. The proposed new location will be near 124 Eudora Welty Drive, which is less than one mile from the originally approved ...

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CDC: No links between deaths and Chinese drywall

NEW ORLEANS — The Centers for Disease Control and Prevention says it has not found a link between tainted Chinese drywall and the deaths of 11 people living in homes with the defective drywall in Louisiana, Florida and Virginia. The CDC said in a report yesterday that the people died “without exception” due to “preexisting chronic health conditions unrelated to ...

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Mississippi Cottages to go on auction block

PERKINSTON — More than 350 Mississippi Cottages will be auctioned to registered bidders beginning at 9 a.m. Feb. 25 at the Mississippi Emergency Management Agency’s staging area at 346 Beaver Dam Road in Perkinston. The auction will feature one-, two- and three-bedroom units that are designed in the traditional beach cottage architecture. The units will be sold in “as is” ...

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Singing River breaks ground for new building

OCEAN SPRINGS — Singing River Health System (SRHS) has celebrated the beginning of construction of a multi-million dollar neuroscience building in Ocean Springs with a brief groundbreaking ceremony. The Ocean Springs Neuroscience Building will provide one location for all neuroscience services, housing neurosurgery, adult and pediatric neurology, pain management, sleep medicine and all of the associated rehab services. Each service ...

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Old Bryan Foods facility being demolished

WEST POINT — An Ohio-based salvage company is tearing down much of an old meat processing plant in West Point with plans to refurbish the rest as a small industrial park. Fred Kohart, demolition manager for Kohart Surplus and Salvage of Paulding, Ohio, hopes to rehabilitate the 70-acre Bryan Foods site to attract another industry or at least a few ...

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