Miss. bank makes Alabama acquisition for $6.6M
HATTIESBURG, Miss. (AP) - A Mississippi bank is expanding further into Alabama.
First Bancshares of Hattiesburg said Thursday that it will buy BCB Holding Co. of Mobile, Ala. for about $6.6 million in cash and stock.
BCB is the parent company of Bay Bank, which has $80 million in assets.
First Bancshares, the parent company of The First bank, says it expects to complete the acquisition before June's end. Regulators and shareholders of BCB must first approve.
At least 30 percent of the purchase will be paid for with newly issued First Bancshares stock. The company says it expects the acquisition to cut 2014 profits by $400,000, but add to profits in 2015.
First Bancshares bought the bankrupt holding company of First National Bank of Baldwin County in Alabama in 2013 for $3.3 million.
City signs new fireworks contract
SOUTHAVEN, Miss. (AP) - The city of Southaven expects to get more bang for its bucks with a new vendor for its annual July Fourth fireworks show.
The Commercial Appeal reports that the board of aldermen approved Tuesday a contract with PyroFire Displays to provide the fireworks for its Independence Day celebration at Snowden Grove Park.
The company will be paid $28,950 for what it calls an electronically and computer choreographed "high intensity" show - an $11,050 savings over last year's display by American Fireworks.
This year, the city advertised for bids and PyroFire provided the lowest bid of two companies to submit bids for the job. American Fireworks was the second bidder and its bid was $40,000, the same amount it charged the city last year for the fireworks show.
Warren, Hinds counties to honor 'Sugarman'
EDWARDS, Miss. (AP) - Warren and Hinds counties are going to designate local roads on both sides of the Big Black River after a man credited with saving lives after the 1939 Clear Creek bridge disaster.
The Vicksburg Post reports that Warren and Hinds board of supervisors have agreed to recognize the local roads as the "Andrew 'Sugarman' Daniel Memorial Highway.
The Vicksburg Post reports that Daniel, a black laborer from Edwards, is the subject of a new book that chronicles the events of the Clear Creek bridge disaster of March 29, 1939.
That night, the bridge over the creek washed out after a heavy rainstorm. Daniel rushed to the scene and hooked cables to vehicles and pulled several bodies out of the water, according to the book.
JASPER COUNTY SLAYING
Woman's trial delayed in 2012 slaying
BAY SPRINGS, Miss. (AP) - The trial of a Colorado woman in the shooting death of a Mississippi man has been rescheduled for the August term of Jasper County Circuit Court.
The Chronicle reports that Nancy Faye Yacobucci, also known as Nancy Faye Reaume, of Fort Collins, Colorado, was scheduled for trial last week. Officials say the trial was delayed so attorneys for both sides could complete discovery - the swapping of evidence.
Yacobucci is charged with murder and grand larceny.
Authorities say the body of 68-year-old Joseph "J. L." Tatum was found Nov. 11, 2012, in his camper trailer in rural Jasper County. Tatum died of a gunshot wound to the chest.
Yacobucci was arrested in Texas in Tatum's 1999 Chevrolet Suburban.
She is being held in the Jasper County jail.
DA plans to retry Thompson in Coahoma slaying case
CLARKSDALE, Miss. (AP) - Prosecutors say they will retry Dennis Thompson in the fatal shooting of Carlos Deon Buford in 2008.
Thompson's capital murder trial ended in Coahoma County this past week when a jury could not reach a verdict.
District Attorney Brenda Mitchell tells the Clarksdale Press Register that she hopes to get the case scheduled for the July term of circuit court.
Thompson's attorney, Azki Shah, says he doesn't want to comment with another trial pending.
A jury this past week acquitted Thompson of robbery. In Mississippi, capital murder is defined as murder committed along with another crime, called an underlying felony. In this case, it is robbery.
Prosecutors will have to try Thompson on a lesser charge, such as murder.
Thompson remains in the county jail.
ENHANCED OIL RECOVERY-MISSISSIPPI
Leaders promote using carbon dioxide in oil output
JACKSON, Miss. (AP) - Gov, Phil Bryant and others are extolling Mississippi as a national leader in using carbon dioxide to extract more oil from old oil fields.
Leaders from elsewhere gathered Thursday in Jackson to discuss expanding what's called enhanced oil recovery. Proponents say it could be a way to increase oil production while at the same time storing carbon dioxide underground, mitigating global warming.
A majority Mississippi oil production today comes from using carbon dioxide in older fields, driven by an underground carbon dioxide source called the Jackson Dome, which piped to fields.
But leaders hope that more and more they can rely on manmade carbon dioxide from sources such as power plants. Mississippi Power Co.'s Kemper County plant is meant to extract carbon dioxide and sell it to oil companies.
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