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Tag Archives: New Orleans

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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Katrina whistleblower case set for arguments

JACKSON — State Farm Fire and Casualty Co. has appealed an order that it pay legal fees and damages of $3 million in a whistleblower lawsuit. A jury in Mississippi found the insurer defrauded the government in a policyholder claim after Hurricane Katrina. The 5th U.S. Circuit Court of Appeals has scheduled oral arguments for Feb. 5 in New Orleans. Sisters Cori ...

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Chefs John Folse and Rick Tramonto are dotting every ‘i’ and crossing every ‘t’ in the development of Seafood R’evolution, which is set to open in November

Let there be no doubt, chefs John Folse and Rick Tramonto have every intention of opening the finest, nicest and best restaurant Mississippi has ever seen. The two recently sat down with the Mississippi Business Journal to discuss their vision for the 10,000-square-foot Seafood R’evolution with seating for 317 which is set to open in November at Ridgeland’s Renaissance at ...

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BOOK BIZ — Digging into reasons we’re happy, or not

What makes you happy? What’s likely to make you happy in the future? The answers may seem obvious to you, but Daniel Gilbert’s Stumbling on Happiness will show you that they’re actually anything but. This lively book is not a self-help manual, but a work of psychology written for a popular audience. It’s a book I’ve read more than once, ...

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Seafood R’evolution set to make Mississippi ‘the new culinary epicenter of the South’

During a press conference today in Ridgeland, chefs John Folse and Rick Tramonto unveiled plans for Seafood R’evolution, an upscale restaurant offering a cultural fusion of foods and flavors that have shaped the Gulf Coast culinary landscape for generations. Seafood R’evolution, with a select menu of items paying homage to Mississippi’s rich culinary heritage, will be located in Renaissance at ...

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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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BOOK BIZ: A look at New Orleans charter schools

Anyone interested in the effort to establish charter schools in Mississippi, may want to read this book written by veteran education reporter Sarah Carr about the charter schools in New Orleans. Rather than take a broad look at the whole system, she offers a look at three specific schools in the aftermath of the re-organization following Hurricane Katrina. Granted this ...

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Entergy issues statement about Superdome outage

Entergy has issued a statement regarding last night’s Super Bowl power outage: “Shortly after the beginning of the second half of the Super Bowl in the Mercedes-Benz Superdome, a piece of equipment that is designed to monitor electrical load sensed an abnormality in the system.  Once the issue was detected, the sensing equipment operated as designed and opened a breaker, ...

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Serving the state’s quiet wealth

The expansion of investment banking firm Chaffe & Associates from its base in New Orleans into Jackson in 2011 was a natural extension of its business that provides services in three main areas — valuations, merger and acquisitions and financial institutions. “The New Orleans and Jackson markets are similar in that they are populated with private companies, and there are ...

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