Mississippi Business Journal » investment

Bank prices initial public offering at $24 per share

MBJ Staff — Mon, 13 May 2013 11:32:54 +0000

GULFPORT — First NBC Bank Holding Company, the New Orleans-based holding company for First NBC Bank, has priced its initial public offering of 4,166,667 shares of common stock at a price to the public of $24 per share. The common stock has been approved for listing on the NASDAQ Global Select Market, trading under the [...]

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City counts $1.2M from hospital investment after year one

Associated Press — Sun, 05 May 2013 18:48:30 +0000

OXFORD — The city of Oxford’s investment of the proceeds from the sale of Baptist Memorial Hospital-North Mississippi has earned about $1.2 million its first year. The city hired Glenmede in 2012 to handle the investment of the money. The Oxford Eagle reports the market value as of March 31 was $32 million. It was $30 [...]

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SEC finally releases Morgan Keegan settlement plan

MBJ Staff — Tue, 23 Apr 2013 12:18:56 +0000

JACKSON — After repeated requests, the Securities and Exchange Commission has finally announced the proposed plan to distribute Morgan Keegan settlement funds to Mississippi investors, according to the Office of Secretary of State. “For two years, the SEC ignored the pleas of investors to release this money. They desperately need their settlement funds,” says Secretary [...]

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Grand jury indicts man accused of bilking investors

Associated Press — Fri, 01 Mar 2013 13:29:58 +0000

BATON ROUGE, La. — A federal grand jury has indicted a Louisiana man on 18 counts of mail fraud for allegedly executing a $13-million investment fraud scheme. The Advocate reports U.S. Attorney Donald J. Cazayoux Jr. announced yesterday that 57-year-old James R. Holdman, of Baker, La., operated a hedge fund called Greenwing Capital Management, LLC, [...]

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Woman sentenced for bilking investors for bogus businesses

Associated Press — Tue, 29 Jan 2013 12:37:03 +0000

FAYETTE — A Natchez woman will spend 10 years behind bars for her part in a business scheme that reportedly bilked an investor by never opening the business into which the victim poured their money. The Natchez Democrat reports Emily Sanders was sentenced in Jefferson County Circuit Court to probation for her October conviction on [...]

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City puts Magnolia Bluffs money in short-term CD

Associated Press — Thu, 10 Jan 2013 13:29:09 +0000

NATCHEZ — The Natchez Board of Aldermen is considering in motion to put the $350,000 the city recently received from Magnolia Bluffs Casino in a certificate of deposit. The Natchez Democrat reports Alderman Dan Dillard made a motion to put money into a short-term CD until the board could finalize a plan for the money. [...]

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Attorney reports city’s investment showing returns

Associated Press — Mon, 07 Jan 2013 13:19:21 +0000

OXFORD — The $30-million investment that the city of Oxford made with money from the sale of a hospital in 2011 is paying off. Attorney Robert Paine with the Oxford Municipal Reserve and Trust Fund Committee reported the market value of the trust fund assets was over $31. 2 million. That is a gain of [...]

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Settlement checks coming, but Hosemann ‘disappointed’ in SEC

MBJ Staff — Fri, 02 Nov 2012 17:17:11 +0000

ACROSS MISSISSIPPI — The state securities regulators from Alabama, Kentucky, Mississippi, South Carolina and Tennessee are notifying investors entitled to reimbursement from the recent Morgan Keegan settlement that their states’ fund distribution checks will be mailed Nov. 5. A.B. Data, Ltd., as the fund administrator, will be mailing checks to all investors who filed an [...]

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TVA’s pension fund shortfall affecting ratepayers

Associated Press — Mon, 15 Oct 2012 13:33:12 +0000

NORTH MISSISSIPPI — A shortfall in the Tennessee Valley Authority’s pension fund is affecting electric ratepayers. The Chattanooga (Tenn.) Times Free Press reports TVA has added nearly $1.3 billion from customers to the find since 2008 when investment markets tanked. However, the federal utility didn’t add any money to the fund in 2012. CFO John [...]

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Investment company acquires JBHM Education Group

MBJ Staff — Sun, 30 Sep 2012 23:23:22 +0000

JACKSON — Weld North Holdings LLC, an investment company based in New York, has acquired a 100 percent interest in JBHM Education Group. The transaction closed in September. Terms of the agreement were not disclosed. Weld North intends to combine JBHM Education Group with recently acquired Editure Professional Development Inc. of New York, creating a [...]

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