Archive for the ‘BANKING & FINANCE – Market Sector’ Category

Highway 6’s bad bridges getting ‘short-term’ fix

by Published: November 10,2014

Tags: Business, economic development, Mississippi, NEWS, transportation

Staff and Wire Reports Mississippi Department of Transportation crews have made temporary repairs to several Mississippi Highway 6 bridges between Batesville and Clarksdale. MDOT has raised posted weight limits on the bridges after replacing and constructing additional shoring of numerous timber pilings which support the bridge, the Associated Press reports. Commercial vehicles, such as empty […] [...]

Bryant chooses new Mississippi banking commissioner, Charlotte Corley

by Published: November 10,2014

Tags: banking, Business, Madison, Mississippi

JACKSON — Mississippi Gov. Phil Bryant has chosen a new state banking commissioner to succeed one who left more than a month ago. Charlotte Corley of Madison has already begun working as commissioner, and will need to be confirmed by the state Senate during the 2015 legislative session. In announcing the nomination Monday, Bryant says […] [...]

Mississippi budget writers to set FY16 revenue estimate

by Published: November 10,2014

Tags: budget, Business, government, Legislature, Mississippi, money

Top Mississippi lawmakers are preparing to estimate how much money the state can spend during the coming budget year. The Joint Legislative Budget Committee meets Monday afternoon in Jackson. Members will hear experts’ assessment of the state economy. Then, they will set a revenue estimate that will be used as a basis for budget writing. […] [...]

KiOR files for bankruptcy, but Columbus plant isn’t included

COLUMBUS — Biofuel maker KiOR Inc. has filed for bankruptcy, although its Mississippi subsidiary has not, preserving the chance that its Columbus plant could be sold quickly. The company, based in Pasadena, Texas, filed for Chapter 11 bankruptcy protection late Sunday in U.S. Bankruptcy Court in Delaware, where it’s incorporated. KiOR defaulted on a loan from […] [...]

KiOR misses debt payment, Miss. doesn’t foreclose

JACKSON — Biofuel maker KiOR has missed its deadline for a $1.8 million loan payment to the state of Mississippi at midnight Wednesday, but instead of legal action, what has immediately followed is waiting. The state has not moved to foreclose, and the Pasadena, Texas, company has not declared bankruptcy. The wait could mean a […] [...]

CLOSE TO COLLAPSE — Engineers warn of dangerous structural deficiencies of Farish buildings

Buildings on the 300 block of downtown Jackson’s North Farish Street could soon be demolished if the Jackson Redevelopment Authority decides not to spend money to make them structurally safe. Engineers who spent some of July and August inspecting the crumbling row of former stores, eateries and nightclubs estimate repairs costing nearly $200,000 must be […] [...]

BauerFinancial gives Hancock five stars for 100th consecutive quarter

GULFPORT — BauerFinancial Inc. has again awarded a 5-Star Superior rating to Hancock Bank. That recommendation (Bauer’s highest rating) affirms the bank as one of America’s strongest, safest financial institutions for the 100th consecutive quarter — 25 years in a row. BauerFinancial awarded its 5-Star rating to Hancock based on the company’s capital, asset quality, […] [...]

Community Bank breaks ground for new Spillway Road office

BRANDON — Community Bank has broken ground for its newest construction project. The site of new full-service bank office is located at 1871 Spillway Road, next door to the Fresh Market Café. Projected completion date is scheduled for summer of 2015. Fountain Construction Inc. based in Jackson, serves as general contractor for the project, and […] [...]

Neel-Schaffer joins forces with Alabama-based engineering firm

by Published: November 4,2014

Tags:

JACKSON — Neel-Schaffer, Inc., is joining forces with Almon Associates of Tuscaloosa, Alabama, to form a larger, more versatile engineering and planning firm to better serve clients throughout Alabama. Almon Associates was founded in 1956 in Tuscaloosa. “I am so pleased to announce that Almon Associates has joined with Neel-Schaffer,” said Hibbett Neel, Neel-Schaffer’s President and CEO. […] [...]

Hancock selling Whitney Bank branches in Houston

GULFPORT — Hancock Holding Co. says it will sell four Whitney Bank branches in Houston to Community Trust Bank of Ruston, Louisiana. Community Trust Bank will acquire $15 million in loans and $135 million in deposits, pending regulatory approval. The sale is expected to close by the end of March. No purchase price was disclosed. […] [...]

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