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MBJ FEATURE

More bank lending in 2011? Answer is in bad loan cleanups

Banking Commissioner John Allison says he’s seen signs that may signal turning of corner for Mississippi banking sector Nationally, banks have loosened lending and eased up on an obsession with cleaning up their balance sheets, says Sheila Bair, chairman of the Federal Insurance Deposit Corporation. Some of that change could filter down to Mississippi in the weeks ahead, Banking Commissioner ...

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Anderson completes agreement to purchase Riley

On Dec. 28, Meridian’s Anderson Regional Medical Center and Riley Hospital reached an agreement for Anderson to acquire Riley, pending regulatory approval. Anderson’s pursuit of Riley officially began Dec. 1, when the hospital filed with the Mississippi Department of Health a notice to change ownership of Riley. The purchase, according to a press release from Anderson, will be finalized Dec. ...

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Registered lobbyists preparing to represent clients’ issues to Legislature

When the 2011 Mississippi Legislature convenes Jan. 4, registered lobbyists will be on hand to make their clients’ issues known to representatives and senators. Hayes Dent of Yazoo City says it’s clear to all observers that the state’s budget will be the key issue in this session. “There are two separate and distinct philosophical views on this, and as long ...

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Fins, bolls rebound

Catfish and cotton show new life While most producers enjoyed a bounce-back year in 2010, two commodities that many had given up for dead enjoyed Lazarus-like resurrections. Mississippi’s catfish industry has been on a downward spiral for years. High input costs, rising foreign competition and other factors have driven many out of aquaculture. That attrition led to an increase in ...

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Humphreys eyes another competitor

Anderson CEO seeks purchase Before he became CEO of Anderson Regional Medical Center in Meridian, Ray Humphreys held the same position at Delta Regional Medical Center in Greenville. In early 2005, Humphreys engineered a $20-million purchase of DRMC’s neighbor, King’s Daughters Hospital. Humphreys looks to be in acquisition mode again. On Dec. 1, ARMC filed a notice with the Mississippi ...

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On the hunt

New MPB show to outline where jobs are Despite the economic downturn, there are job openings in Mississippi, and many are in the manufacturing sector where skilled labor is in demand. Mississippi Public Broadcasting’s new TV show “Job Hunter,” which airs Jan. 6 will educate viewers about Mississippi’s major manufacturing sectors — such as automotive, aerospace, heavy metal, unique manufacturing ...

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Humphreys eyes another competitor

Anderson CEO seeks purchase Before he became CEO of Anderson Regional Medical Center in Meridian, Ray Humphreys held the same position at Delta Regional Medical Center in Greenville. In early 2005, Humphreys engineered a $20-million purchase of DRMC’s neighbor, King’s Daughters Hospital. Humphreys looks to be in acquisition mode again. On Dec. 1, ARMC filed a notice with the Mississippi ...

Read More »

Fins, bolls rebound

Catfish and cotton show new life While most producers enjoyed a bounce-back year in 2010, two commodities that many had given up for dead enjoyed Lazarus-like resurrections. Mississippi’s catfish industry has been on a downward spiral for years. High input costs, rising foreign competition and other factors have driven many out of aquaculture. That attrition led to an increase in the ...

Read More »

Nowhere to go but up

Farmers enjoy record-setting year in 2010 Compared to the disaster that was 2009, this year was a banner one for Mississippi’s agriculture community. In the end, there was nowhere to go but up. Still, the estimated total production value for the state’s crops set a new record in 2010, and some commodities posted their best season in years, especially catfish ...

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