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MBJ FEATURE

College Board to ‘take action’ at troubled Mississippi Valley

Mississippi’s Commissioner of Higher Education plans to take action with Mississippi Valley State University, the only state-funded university to show a dramatic decrease in enrollment, while high numbers of job seekers are heading back to class in the down economy. MVSU enrollment has taken a 12.6 percent nose dive, according to preliminary numbers released this week by the state College ...

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The changing role of bankers

Community bankers may need to recalibrate skills to survive in today’s world Community bankers who have thrived by building business and relationships may need to recalibrate their skills to survive in today’s world of loan defaults and sinking real estate values. Further, they may have to convince more than their boards of directors that they have the right stuff. If ...

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Who decides? Earmarks in the crosshairs

About a decade ago, Central District Transportation Commissioner Dick Hall got a phone call from then-U.S. Sen. Trent Lott. Lott, at the time the Senate’s majority leader, brought tidings of great financial joy. “He said ‘I’m going to send you $100 million to build that bridge in Greenville,’” Hall recalled in an interview last week. That bridge in Greenville carries ...

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Debt crisis

If TVA doesn’t get approval from Congress to raise its debt ceiling of $30 billion, ratepayers may be forced to pay the price   The Tennessee Valley Authority (TVA) has a goal to be a national leader in clean energy and increased nuclear production. But to do this, the federal power producer needs money, and its credit could soon be dried ...

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Service decision made the difference for McInvale

HVAC company grows from humble beginnings It seems a most unlikely business story. A heating, ventilation and air conditioning (HVAC) company sets up shop in an accounting firm with a total of one employee, and today employs more than two-dozen workers housed in a large, purpose-built facility serving commercial and residential clients scattered across Central Mississippi. But then, McInvale Heating ...

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Mapping the future – There’s an app for that

Meridian attorney turns being lost in The Grove into app for football fans Holly Aldredge, a Natchez native and Ole Miss graduate who lives in Dallas, has experienced the frustration of trying to describe to those unfamiliar with the Grove in Oxford how to navigate the popular tailgating spot on football game days. To newcomers, the Grove is a labyrinth of ...

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The branding of a region

Southwest Mississippi battles identity crisis in competition for economic development It’s not just companies and products that need solid branding. Sometimes entire regions need a “hook.” One area of the state is hoping to get just that, and it is looking for immediate results. Southwest Mississippi suffers from an identity crisis that hinders economic development in  the region, which has resulted ...

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BancorpSouth in acquiring mode

CEO Patterson tells annual bank conference in Chicago, ‘We are an experienced and proven acquirer.’ BancorpSouth Bank is on the hunt for banks to buy and expects to be a regional leader in acquiring “fatigued” community banks over at least the next 12 to 18 months. BancorpSouth chairman and CEO Aubrey Patterson made note of the regional banking company’s ambitions ...

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Allison: Exemption doesn’t free banks from state regulation

An exemption for small banks won’t fully free Mississippi’s many small financial institutions from the regulatory grip of a soon-to-be-created federal consumer financial protection agency. So says Mississippi Banking Commissioner John Allison. He concedes the exemption is there for financial institutions with assets under $10 billion. But exemptions written by Congress can’t erase the state’s obligation to enforce compliance measures ...

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Coast leaders: It could have been worse

Effects of BP spill appear minimal on Mississippi According to some business and industry leaders, the manmade disaster that has been BP’s runaway oil well might not have been as disastrous as first feared. Jack Norris, president of the Mississippi Gulf Coast Business Council, says the organization’s most recent regional brief is not all doom and gloom. “Yes, we are ...

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