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Tag Archives: Louisiana

HOLDING IT ALL TOGETHER — Keeping companies’ banks united provides advantages for large and small

Put simply, bank holding companies own one or more banks, but don’t engage in banking themselves. And although BHCs involve legal complexities and regulatory considerations, BHCs are favored by many banks because they provide more flexibility in raising capital and more liquidity for shareholders. BHCs are favored by both large and small banks. “It is a common practice,” said Tony ...

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Justices must act fast if gay marriage to be settled in June

WASHINGTON — Time is running short for the Supreme Court to get same-sex marriage on its calendar if the justices want to tackle the issue before their current term ends in late June. They might have to decide to jump in at their closed-door conference Friday if they want to resolve the legal debate over gay marriage in the next ...

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First NBC Bank buying State-Investors Bank for about $51M

NEW ORLEANS — First NBC Bank Holding Co. says it’s buying State-Investors Bank and expects to pay about $51 million to stockholders of State Investors Bancorp Inc. A news release says First NBC expects to pay about $49 million for 2.3 million shares of stock and about $2 million for 221,600 stock options outstanding as of Tuesday. Both boards have ...

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PHIL HARDWICK — The value of corporate headquarters to communities

For many people, growing up in Jackson, Mississippi in the 1950’s and ’60’s meant banking at Deposit Guaranty, buying groceries at Jitney Jungle and shopping for clothing at McRae’s. Today, those homegrown local businesses are no longer wearing the same names as a result of being acquired by even bigger businesses. Not only did the names go away, but so ...

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Grambling State University hires Clarence Lavon Hayes

Grambling State University has hired Clarence Lavon Hayes, a graduation coach from Clarksdale High School, as its new director of admissions and recruitment. Hayes has more than 16 years of education experience at Jackson State University, Hinds Community College, Coahoma Community College and the Clarksdale Municipal School District. He holds master’s and doctoral degrees from Jackson State. At Clarksdale High ...

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Cold winter has been hard on Southern crawfish farmers

People planning Super Bowl crawfish boils may be out of luck. Farmers say cold has kept crawfish scarce all winter, and now many ponds are iced over. The prolonged cold also means crawfish aren’t eating and are likely to be smaller than normal at the peak of crawfish season, said farmer David Savoy of Church Point. People may have to ...

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Carter Church — Being a Carnival designer is a year-long occupation

Carter Church’s talents as a costume designer keep him busy working with Carnival krewes in Mississippi and Louisiana all year long. “I’ve always enjoyed Mardi Gras,” the Jackson-born and New Orleans-raised Church said. “It’s a fun time, and it’s fun to watch somebody transformed from one life to somebody else.” But the creative demands under deadlines have given Church what ...

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Revving at right time? Road, bridge funding efforts gain traction

Last month, yet another group was in Mississippi raising the issue of the state’s crumbling roads and bridge and a lack of funding to repair them. TRIP, a Washington, D.C.-based national transportation organization, held a news conference in Jackson, giving some of the same numbers and figures touted by other groups pushing for more road and bridge money. And that ...

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Entergy, ITC discontinue pursuit of transmission spin/merger

NEW ORLEANS, Louisiana — Entergy Corporation (NYSE: ETR) and ITC Holdings Corp. (NYSE: ITC) announced today that the companies have mutually agreed to end their pursuit of a spin/merger of Entergy’s transmission business with ITC. The companies formally terminated the merger agreement this morning and filed pleadings to withdraw the remaining transaction approval applications with Entergy’s retail regulators, as well ...

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