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Daily Archives: October 23, 2011

FNC: U.S. home prices fell despite strong sales

OXFORD — FNC Inc.’s latest Residential Price Index indicates U.S. home prices declined in August despite strong existing home sales during the month. This decline reverses a modest fourth-month long seasonal uptrend. Amid weak economic fundamentals, home prices — as well as a number of key leading housing indicators including new housing starts and building permits — signal a likely ...

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DMR: Oystermen should expect limited season

GULF OF MEXICO — The Mississippi Department of Marine Resources (MDMR) has scheduled the 2011-2012 limited Mississippi oyster season to open to tonging only at legal sunrise Oct. 24, only in Areas II “A,” “B” and “C” Conditionally Approved waters, provided the area meets all criteria for opening as specified in the area management plan. Area II “A” Conditionally Approved ...

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Enviva to supply biomass for power plants in Virginia

WASHINGTON — Enviva LP, a manufacturer of processed biomass fuel in the United States and Europe that operates two wood pellet facilities in Mississippi, has signed a contract with Richmond, Va.-based Dominion Virginia Power to supply biomass to two power facilities in Southeast Virginia. In April, Dominion announced plans to convert three 63-megawatt coal burning peaking plants to 50-megawatt continuous ...

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Louisiana firm opens new office in Capital City

JACKSON — Chaffe & Associates Inc. of New Orleans has opened a full-service office in Jackson. Through this office, Chaffe will provide investment banking and advisory services to public and private businesses and community banks in Mississippi, including business valuation services for purposes such as estate planning, ESOPs and fair value accounting. John P. Hammond, former vice president of finance ...

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Study: Georgia immigration law brought crop losses of $181M

Georgia’s new law cracking down on undocumented migrant workers in the state caused eight of 10 growers of perishable fresh fruit and vegetable crops to see labor shortages this spring, a Georgia Department of Agriculture survey found. An analysis of the survey by the University of Georgia put overall losses to the agricultural industry at more than $180 million and ...

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Mississippi banks still confront headwinds others have left behind

Profits of Mississippi banks held more firmly at the outset of the nationwide banking crisis in December 2008, but today banks outside of Mississippi are out-performing those in the Magnolia State. The good news, according to banking consultant Brandon Roberts, is that earnings appear to have reached the bottom for the nation and Mississippi and are actually increasing. “However, earnings ...

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Regions chooses Mullinax

Regions Bank has named Timothy Mullinax community banking relationship manager in Gulfport, located at the bank’s Cowan Road branch. A native of Ocean Springs, Mullinax has more than 10 years of financial industry experience and most recently served as an assistant vice president for Community Bank. He attended Mississippi State University, and is an active member of the local Rotary ...

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Myers retiring from Court

Justice William Myers, who will retire from the Mississippi Court of Appeals Dec. 31. Myers holds the District 5, Position 1 seat on the state’s second highest court. The district includes Forrest, George, Greene, Hancock, Harrison, Jackson, Lamar, Pearl River, Perry, Stone and parts of Wayne counties. The Governor’s Judicial Appointments Advisory Committee will review applicants and make a recommendation ...

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King advances to president

Dr. Tommy King, president of William Carey University, recently advanced to the office of president of the Mississippi Association of Colleges and Universities (MAC) at the 78th annual meeting held at Mississippi Valley State University. King was elected to the MAC board at the annual conference in 2009, progressing through the ranks in office each year.

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