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Tag Archives: NEWS

BancorpSouth to pay $146 million to acquire Texas bank

 BancorpSouth announced Thursday that it will pay $146 million in stock and cash to buy a Texas bank. Tupelo-based bank would buy Icon Capital Corp, whose Icon Bank has seven offices and $794 million in assets in the Houston area.BancorpSouth will pay stock valued at $128.3 million, plus $17.5 million in cash. The move will more than double BancorpSouth’s presence ...

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UPDATE: Court rules against Ridgeland’s Costco plan

By Jack Weatherly The Mississippi Supreme Court found on Thursday that Ridgeland acted improperly in rezoning property for what would’ve allowed the construction a Costco Wholesale store on a 45-acre site on Highland Colony Parkway. The court reversed a ruling by Judge John Emfinger in Madison County Circuit Court. It ruled that the city of Ridgeland hadn’t proved that the ...

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Former Ergon chairman Leslie Lampton dies

The Ergon Board of Directors has announced the death of Leslie B. Lampton, Chairman Emeritus of Ergon, the energy-based company he founded in 1954. He passed away Tuesday. “On behalf of Ergon, I would like to express our appreciation for the immeasurable contributions Mr. Lampton has made to our company, the communities in which Ergon serves, and countless charities,” commented ...

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BancorpSouth reports record earnings of $53.5M

TUPELO – BancorpSouth on Wednesday reported record earnings for the first quarter, with $53.5 million, or 54 cents per share. That compares to $38.1 million, or 41 cents per share, a year earlier. The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share. BancorpSouth posted ...

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Many other states have increased gas tax for transportation

Mississippi is not the only state struggling with transportation needs, according to a report by the Legislature’s Performance Evaluation and Expenditure Review Committee. The report released this week cites the National Conference of State Legislatures as saying states have been in “a near constant state of crisis for about a decade” in terms of funding for transportation needs. The report ...

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Report lauds quality of Mississippi’s preschool program

A new report released Wednesday says Mississippi’s state-funded preschool program, though small, continues to score well on quality measures. The report by the National Institute for Early Education Research, says Mississippi’s program meets nine of 10 standards set by the institute. Nationwide, states provide preschool for about a third of 4-year-olds, but Mississippi’s state program reaches only 3 percent of such children, ...

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Mississippi GOP hopefuls decry federal spending, regulations

Republicans running for an open congressional seat in Mississippi are advocating cuts in federal spending and regulations. The six GOP candidates in the 3rd District spoke Wednesday night in Jackson at a forum sponsored by Americans For Prosperity, a group promoting free markets and limited government. The Republican field has two health care professionals, Whit Hughes of Madison and Morgan ...

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Power surge leaves town operating water system by hand

MARION, Miss. — A power surge caused by a storm has forced a Mississippi town to operate its water system by hand. Marion Mayor Elvis Hudson tells WTOK-TV that he has been checking the system once every hour since the Saturday storm. Hudson compares hand operating the system to hand cranking a car. Hudson says a crew has been requested from Jackson ...

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Mississippi city offers up historic properties to developers

A Mississippi city is soliciting requests for proposals to develop three downtown properties it owns. The Sun Herald reports Biloxi Mayor Andrew “FoFo” Gilich wants to capitalize on the success of a lucrative deal to rent the city’s old library as a restaurant. The city will consider proposals for two 19th century properties: the Magnolia Hotel, which houses a Mardi Gras museum, ...

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Contour to add more seats starting May 1

TUPELO – Passengers flying between Tupelo and Nashville will soon have more company on the planes. Starting May 1, Contour’s twin-engine Jetstream aircraft will be back to their original configuration of 19 seats. Since April of 2016, the planes have only had nine seats. But with nearly 10,000 boardings last year and a clear demand for more seats, Contour proposed ...

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