Home » 2011 » January » 04

Daily Archives: January 4, 2011

Baldwin leaving helm at Southern Bancorp

NORTH MISSISSIPPI — The board of directors of Southern Bancorp Inc., (SBI) and Phil Baldwin, the financial institution’s president and CEO, have announced Baldwin’s intention to retire from the organization after a transition to new management. Walter Smiley, chairman of the SBI board, will serve as chairman and interim CEO of Southern Bancorp Inc., the holding company for SBI’s community ...

Read More »

Merchants Foodservice continues to expand

HATTIESBURG — Out of the nation’s top food distributors, Merchants Foodservice was ranked number one in sales growth this past year, according to statistics compiled by Institutional Distribution (ID) magazine. Hattiesburg-based Merchants Foodservice continues its growth trend with a 32, 000-square-foot expansion to its Jackson distribution center. The expansion consists of one million cubic feet of freezer space and 240,000 ...

Read More »

Solar panel manufacturer coming to Hub City

HATTIESBURG — Gov. Haley Barbour and officials from Stion, a venture-backed manufacturer of high-efficiency, low-cost thin film solar panels, announced yesterday the company is locating a 100-megawatt solar panel production facility in Hattiesburg. The operations will be located in the Sunbeam building. The production line is the first phase of a company investment of $500 million that will create 1,000 ...

Read More »

S&N Airoflo awarded SBA-backed loan

GREENWOOD — BizCapital, the small business lending division of Advantage Capital Partners, has provided an SBA 7(a) loan in the amount of $1.6 million to S&N Airoflo Inc., a manufacturer of an energy-efficient aerator used for the treatment of municipal and industrial wastewater. The funding will be used to refinance existing debt and support the company’s continued growth, including the ...

Read More »

Beef plant conspirator completes sentence

OAKLAND — A federal judge has terminated the supervised release for a Georgia businessman snagged in a Mississippi beef plant scandal and convicted of making an illegal campaign contribution to former Mississippi Gov. Ronnie Musgrove. Nixon Cawood Jr. was charged in the federal investigation into Mississippi Beef Processors, LLC. The Oakland plant closed three months after it opened in 2004, ...

Read More »

Documentary at Sundance film festival features Oliver Diaz

By Stephen McDill The upcoming 2011 Sundance Film Festival will feature a familiar face in Mississippi politics. Former state Supreme Court justice Oliver Diaz will be included in the documentary “Hot Coffee.” The film, a behind-the-scenes look at tort law and the civil justice system, is set to screen Jan. 24 at the Utah film festival. Produced and directed by ...

Read More »

Southern Bancorp president/CEO to retire

Source: press release ARKADELPHIA, Ark. — The Board of Directors of Southern Bancorp Inc., (SBI) and Phil Baldwin, president and CEO, announced yesterday that Baldwin intends to retire from the organization after a transition to new management. Southern Bancorp has more than 18 locations in Mississippi. Walter Smiley, Chairman of the SBI Board of Directors, will serve as Chairman and ...

Read More »

MEMA releases updated storm damage assessment

CENTRAL MISSISSIPPI — The Mississippi Emergency Management Agency has received additional reports of damage from tornadoes and severe weather that moved through the state Dec. 31-Jan. 1. Damage reports by county are: • Attala: One home and one mobile home destroyed. Six homes with major damage. • Hinds: Three homes, one mobile home and five businesses destroyed. Eight homes, one ...

Read More »

SMEPA suing railroad for 'monopolistic abuse'

HATTIESBURG — South Mississippi Electric Power Association is suing Norfolk Southern Railway Company for millions of dollars, claiming the railroad uses a monopoly over coal deliveries to inflate costs. Hattiesburg-based SMEPA said Norfolk Southern is the only railroad company that delivers coal from the Appalachians to Plant Morrow, the utility’s main electricity generating station located in Purvis. The power company ...

Read More »

FEMA has not recouped improper Katrina payments

GULF COAST — The Federal Emergency Management Agency hasn’t tried to recoup about $643 million in improper payments made to victims of Hurricane Katrina and other disasters in the wake of a judge’s order more than three years ago, according to a government audit issued yesterday. The improper payments have gone uncollected for more than three years because FEMA hasn’t ...

Read More »