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Daily Archives: June 25, 2012

BancorpSouth’s insurance subsidiary to acquire Alabama’s Securance

BancorpSouth is banking on the insurance side of its financial services business to further fatten up non-interest  revenues. To that end, Tupelo-based BancorpSouth subsidiary BancorpSouth Insurance Services has signed a definitive agreement to acquire The Securance Group, an independent property and casualty and life and health insurance agency headquartered in Brewton, Ala. Neither price nor other financial terms of the ...

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Sealed Air Corp. expanding, adding jobs at Grenada plant

GRENADA — Sealed Air Corporation, manufacturer of protective packaging and performance-based materials, is expanding operations at its facility in the Industrial Air Park facility in Grenada. The expansion, which will enable the company to take advantage of new market opportunities, follows the downsizing of company plants in the northeast U.S. The project represents a company investment of $3 million and ...

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New farmers market deemed successful; another may be opening

PASCAGOULA and OXFORD — A new farmers market here is drawing positive reviews by vendors and buyers. The Mississippi Press reports the Pascagoula Farmers Market at Victory Lot is enjoying a steady stream of customers and that vendors report good sales. The market opened for the first time June 16, and is scheduled for Wednesdays and Saturdays from 7 a.m. ...

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Just like 2011, shrimpers see bigger catch but weaker prices

GULF OF MEXICO — The shrimp are slightly bigger, but prices are down, making this year’s season-opening in Biloxi comparable to last year’s start. During the first two weeks of the 2012 season, 1.137 million pounds of shrimp were landed in Biloxi. In the same time in 2011, 1.124 million pounds were landed at the same port. Shrimp season began ...

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Ex-attorney sentenced to 40 years for stealing clients' money

CANTON — A former Ridgeland attorney who admitted to swindling hundreds of thousands of dollars from his former clients has been sentenced to serve 20 years in prison. District Attorney Michael Guest says former Ridgeland attorney Vann Leonard received a 40-year sentence today for embezzling more than $500,000 from several clients that he represented in 2008 and 2009. Twenty years ...

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County residents being polled on mass transit service

DESOTO COUNTY — DeSoto County residents are being asked to participate in a survey to determine the support for a mass transit service. The Memphis Area Transit Authority and regional planners are promoting the survey. The Commercial Appeal reports the scope of the DeSoto survey doesn’t include service to Memphis. Results of the survey are expected sometime in the next ...

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Meridian building $8.2M police station under lease-purchase plan

Jackson’s Watkins Development has reached a deal with the City of Meridian to transform a vacated Cowboy Maloney store into an $8.2 million police station. The City is to put $2.1 million into the project and rent the building from Watkins for 20 years at an annual cost of $305,000, adjustable for inflation every five years. At the end of ...

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Citizens makes magazine's top 200 banks for third consecutive year

PHILADELPHIA — The Citizens Bank has been named a Top 200 bank in the United States by U.S. Banker magazine for the third consecutive year. The rating is based on the past three years’ average return on equity, an industry standard which measures an institutions ability to create profitability based on its net worth and includes all community banks and ...

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Gulf shrimp landings are up, but prices down

BILOXI — The shrimp are slightly bigger, but prices are down, making this year’s season-opening in Biloxi comparable to last year’s start. As in previous years, Gulf shrimpers are seeing prices forced downward by competition from imported shrimp that sells for less. All the while, they are hit with higher operating cots, especially for diesel fuel. During the first two ...

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Entergy: Grand Gulf license renewal remains on track

CLAIBORNE COUNTY — Entergy Nuclear officials say the license renewal for the Grand Gulf Nuclear Power Plant in Claiborne County remains on track. Grand Gulf’s license expires in 2024, and an application to extend it an additional 20 years is expected to be finalized by September 2013. On June 8, the U.S. Court of Appeals for the District of Columbia ...

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