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Author Archives: Ted Carter

Bryant elevates Judge Maxwell to Supreme Court

Mississippi Court of Appeals Judge James D. Maxwell II of Oxford has been appointed to the Mississippi Supreme Court effective Jan. 1. Gov. Phil Bryant announced the appointment Wednesday afternoon. Maxwell replaces former Justice David Chandler, whom  Bryant recently appointed executive director of the Mississippi Department of Family and Children’s Services. Maxwell, who lives in Oxford, has served on the ...

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Crystal ball cloudy on long-range future of petroleum marketing

By TED CARTER Five years. That’s the limit Gresham brothers Walton and Tom and cousin Bill McPherson say they can have in forecasting the future of their businesses and the regional petroleum marketing sector in which they operate. They partly attribute the limited outlook to changes in consumer preferences and innovations in marketing to customers. A resourceful and nimble company can ...

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MBJ BUSINESSPEOPLE OF THE YEAR: NOTEBOOK

Eagle Scout rank gives lessons in perseverance  Scouting had a big part in the early lives of Walton Gresham III, Tom Gresham and Bill McPherson. All three attained the rank of Eagle Scout, the highest achievement award in Boy Scouts of America and a designation that can often take years to achieve. Here the three executives relate how Scouting has ...

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BankFirst names community chief for Newton, surrounding markets

COLUMBUS – BankFirst has named Douglas S. Whittle as community president for the newly acquired Mississippi markets of Newton, Scott and Jasper counties. Whittle replaces the retiring William Freeman, who will continue to serve BankFirst as a member of the Board of Directors. Whittle is currently the executive vice president of the former Newton County Bank which BankFirst acquired earlier ...

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Bryant reappoints Charlotte Corley banking commissioner

Gov. Phil Bryant has reappointed veteran banking regulator Charlotte Corley as banking commissioner. Bryant first appointed Corley, a Gulfport native and 30-year veteran of the Department of Banking & Consumer Finance, to head the department in November 2014. She replaced Jerry Wilson after his retirement. Wilson had taken over for longtime commissioner John Allison. Corley has been a banking regulator ...

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Cadence hikes its prime rate after Fed action

Responding to the Federal Reserve raising its benchmark interest rate, Cadence Bank will increase its prime rate from 3.25 percent to 3.50 percent, effective Friday. The Houston-based privately held bank formally headquarterd in Starkville said its rate hike followed the Fed  Board of Governor’s unanimous approval of an increase between 0.25 percent and 0.50 percent, an increase from near zero. ...

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Move to dump franchise tax back by popular demand

By TED CARTER Mississippi may be about to give a 10-year test to a key fixture of politically conservative fiscal thinking – that revenue lost by lowering taxes on business will be more than offset by new business spending. The idea of enhanced revenue, or at the least no-net-loss — may become central to a 2016 legislative debate over phasing out ...

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Bill designed to give state timely work-force training set for 2016 return

By TED CARTER Look for the return in Mississippi’s 2016 legislative session of a work-force training bill Gov. Phil Bryant dubbed last session the “Two-Cars-And-A-Boat” initiative. The bill authored by Rep. Jeffrey Smith, a Tupelo Republican who chairs the House Ways and Means Committee, would allocate $25 million a year for two years to a  program geared to provide a “rapid ...

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