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Daily Archives: February 15, 2011

Fed greenlights Cadence acquisition; March 1 closing set

By Ted Carter Having gained Federal Reserve approval Tuesday, Starkville-based Cadence Financial Corp. says it expects its acquisition by Community Bancorp LLC to be completed by March 1. The Fed approval marked the last regulatory hurdle for the takeover of Cadence, said John Boydston, director of marketing. “This completes all of the regulatory requirements for us to pursue closing of ...

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City petitioning Legislature for tourism tax

SOUTHAVEN — Last fall, voters in the city of Southaven gave overwhelming support, in a nonbinding election, to a proposal to place a 1 percent sales tax on restaurants. Now, the city has asked the Legislature to approve the tourism tax without the necessity of another election. Mayor Greg Davis tells [ITAL]The Commercial Appeal[ITAL] that proceeds from the tax would ...

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Mohr sentenced for felony home repair fraud

PICAYUNE — A Coast contractor has been sentenced on charges of felony home repair fraud, announced Attorney General Jim Hood. William Wesley Mohr, 41, of Picayune appeared before Judge Lisa P. Dotson, Harrison County 2nd Judicial District, Feb. 8 and pled guilty. The judge sentenced Mohr to 10 years suspended for time served (seven months), five years reporting probation, five ...

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Judge hears environmentalists' concerns over Kemper plant

GULFPORT — A Harrison County judge has heard arguments from environmental groups opposed to construction of power plant in Kemper County by Mississippi Power Company. Chancery Judge Jim Persons heard from both sides yesterday during a hearing in Gulfport. The 582-megawatt plant is being built between Mississippi 493 and Mississippi 495 near the Liberty community. It will use a process ...

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Ex-circuit clerk re-indicted for embezzlement

BROOKHAVEN — State Auditor Stacey Pickering says Lincoln County Circuit Clerk Terry Lynn Watkins has been re-indicted on 14 counts of embezzlement. In January, a judge dismissed an eight-count indictment. Pickering says the 57-year-old Watkins, of Brookhaven, was served with the indictment today. No court date has been set. The indictment alleges Watkins embezzled funds between May 2004 and April ...

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What is a diploma worth?

By Wally Northway A lawsuit brought by students of a proprietary college here in the Magnolia State should be a warning to Mississippians about the potential ramifications of budget cuts at our public universities. Last week, a group of 14 former nursing students at for-profit Virginia College sued claiming that they only found out after beginning their studies that the ...

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Carolina businessman charged for FEMA trailer fraud

GULFPORT — A March 28 trial date has been set for a North Carolina businessman who contracted with FEMA to set up travel trailers in South Mississippi after Hurricane Katrina. Clarence Bundy Morrison IV of Fayetteville, N.C., is charged with conspiring to defraud FEMA. The charges against the Morrison include wire fraud, and false statements and claims. The indictment alleges ...

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Sentencing in contraband cigarette case postponed

OXFORD — A federal sentencing hearing has been rescheduled in the case of a Florida man convicted in Mississippi for his role in a multistate cigarette smuggling operation. Mitchell Sivina, of Doral, Fla., pleaded guilty in May in U.S. District Court in Oxford to money laundering and transporting stolen cigarettes. Court records show Sivina’s sentencing has been delayed from March ...

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Payday lending bill passes House, but fight may continue

JACKSON — Supporters say the final version of a payday lending bill that passed the Mississippi House yesterday could reduce consumers’ out-of-pocket expenses for short-term loans, but the fight might not be over. Even though the measure passed on a 76-43 vote, opponents held it for the possibility of more House debate before it can move to the Senate. Foes ...

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Graves confirmed by Senate for Court of Appeals

WASHINGTON — U.S. Senators Thad Cochran and Roger Wicker yesterday went to the Senate floor to offer final endorsements of Mississippi Supreme Court Justice James E. Graves Jr. before the Senate voted to confirm him as a Circuit Court judge on the U.S. Court of Appeals for the Fifth Circuit. The Senate confirmed Graves on a voice vote yesterday, following ...

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