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Tag Archives: Louisiana

Louisiana bank failure is costliest since financial crisis

Regulators on Friday seized New Orleans-based First NBC Bank in the costliest bank failure since the financial crisis, with cleanup costs estimated at $1 billion . The Louisiana Office of Financial Institutions handed the bank to the Federal Deposit Insurance Corp. in the fourth failure of a federally insured bank this year. Hancock Holding Co. of Gulfport, Mississippi, bought $1.6 billion in ...

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Los Angeles group buys Bossier City casino after bankruptcy

BOSSIER CITY, La. — A Los Angeles investment group is buying DiamondJacks Casino in Bossier City. Peninsula Pacific announced the purchase Wednesday, disclosing no price. The casino had been owned by creditors since emerging from bankruptcy in 2013. Faced with recovering little of the $300 million owed if they liquidated Louisiana and Mississippi casinos, creditors kept running them. Peninsula Pacific’s ...

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Mississippi counties on drought list grow to 48

Associated Press Farmers and ranchers in nearly 60 percent of Mississippi’s counties are now eligible for drought disaster aid, the U.S. Department of Agriculture said. In a news release Wednesday, USDA named 19 Mississippi counties as primary disaster areas, and 27 as contiguous. Eleven, including two that were not already on Mississippi’s list, are adjacent to drought disaster areas in ...

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Official: La movie credit cap may send business to Ga, Miss

BILOXI — Louisiana’s new cap on film tax credits could send more movie business to Georgia and Mississippi, says the Mississippi Film Office’s Gulf Coast project manager. As one of the top film locations outside of California, Georgia is likely to get some of the business that might otherwise have gone to Louisiana, sometimes called “Hollywood South,” Bill Webb said. ...

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PSC: Entergy membership saves $48 million for ratepayers

Entergy Mississippi customers saved an estimated $48 million during the first year of the utility’s  membership in MISO, a regional transmission organization formally known as the Midcontinent Independent System Operator Inc., according to a release from the Mississippi Public Service Commission. That amounts to a savings of approximately 3 percent, or about $3.50 on the typical residential customer’s monthly bill, ...

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