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Daily Archives: January 24, 2013

Metropolitan Bank continues sustained earnings growth

Metropolitan BancGroup Inc., holding company for Metropolitan Bank, ended the year with its 13th consecutive quarter and fourth consecutive year of increased earnings, the bank, co-headquartered in Ridgeland and Memphis, said in a press statement. The privately held Metropolitan Bank reported pre-tax, full-year earnings of approximately $5.02 million for the year ending Dec. 31, 2012. The $720 million bank, formed ...

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Tim Mask tries to stop the ‘brain drain’

Tim Mask is vice president of brand planning and development with Maris, West & Baker advertising. He is the founder of the Mississippi Brain Drain Commission, which is devoted to keeping Mississippi’s homegrown intellectual capital in Mississippi. Q — What is the mission of the Mississippi Brain Drain Commission? A — The direct mission of the Mississippi Brain Drain Commission ...

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MDA’s Marlo Dorsey faces biggest marketing task in the state

Marlo Dorsey, who stepped into the job as chief marketing director of the Mississippi Development Authority in early December, has hit the ground running in a job that remained vacant for more than a year. That has led to a backlog of demand for decisions on how to best market Mississippi. “Now, every time I see someone at MDA, people ...

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Neighborhoods still being tested for pollutants from plant

HATTIESBURG — Officials have been conducting testing at and near the former Hercules plant to determine whether contaminants have spread into surrounding neighborhoods. Testing is being conducted by officials with the state Department of Environmental Quality, the Environmental Protection Agency and Ashland Inc., Hercules’ parent company at wells within a half-mile radius of the former chemical plant as well as ...

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Citizens reports decreased net income for quarter, year

PHILADELPHIA — Citizens Holding Company has released the results of operations for the quarter and year ended Dec. 31, 2012. Net income for the quarter was $1.740 million or $0.36 per share-basic and diluted, down from $1.786 million, or $0.37 per share-basic and diluted for the same quarter in 2011. Net interest income for the fourth quarter of 2012, after ...

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Group to fight urban blight through land trust

JACKSON — Working Together Jackson, a network of local community groups, has been quietly developing a new strategy for fighting blight, a problem that has at times seemed too daunting to solve. The latest idea is to take control of abandoned properties through a land trust, a nonprofit set up for the sole purpose of owning land. It’s both instructive ...

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Johnson wants to use bond issue to fund $10M in street paving

JACKSON — Mayor Harvey Johnson Jr. says he will use funds from a bond issue to pay for a $10 million street paving project in the Capital City. Johnson tells The Clarion-Ledger the city council would have to sign off on the proposal. The city has devoted huge sums of money to fixing streets. Jackson spends $1 million or so ...

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Mayor vetoes pay hike for himself, aldermen

STARKVILLE — Mayor Parker Wiseman has vetoed a salary increase for members of the board of aldermen and the mayor. The Starkville Daily News reports the city board had approved the raises Jan. 2 on a 6-1 vote. Wiseman vetoed it Tuesday. The proposal would increase the aldermen’s annual pay from $12,000 to $15,000 and the mayor’s salary from $60,000 ...

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