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--Business News


Sherry Fischer, 2008 President of the North Central MS Board of REALTORS and Tena Taylor, 2009 President-elect, recently attended the 2008 National Association of Realtors Convention in Orlando, Florida. An estimated 20,000 Realtors converged on the Orange County Convention Center for the main 4-day events. The National Association of Realtors sponsored special concerts by Lionel Richie & Kool & The Gang and also toured Universal Studios. – Photo Provided
 
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Banking Update

Breck Tyler, Executive Vice President and Mortgage Services Manager of Trustmark National Bank was the guest speaker for the July general membership meeting of the North Central Mississippi Board of REALTORS, held in Oxford on July 24.  With Breck Tyler are his brother, Cam Tyler, President/CEO of Mechanics Bank, Sherry Fischer, 2008 NCMBR President, and Michelle Mason, Vice-president/Mortgage Loan Officer for Mechanics Bank and Treasurer of the NCMBR. 

Tyler spoke to the group about several key issues including subprime lending, foreclosures, and updated the situation with Fannie Mae and Freddie Mac.  He also spoke about the problems being faced by homeowners as well as the real estate community caused in part by high gas prices and changing home mortgage rates, which are compounding some of the current problems in the banking industry.                                        


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Renasant Announces Second Quarter Earnings   

TUPELO – Renasant Corporation announced its earnings results for the second quarter of 2008.  Net income for the second quarter of 2008 was $7,985,000, up 12.67 percent, as compared to $7,087,000 for the second quarter of 2007.  The increase in net income can be attributed to higher levels of net interest income and noninterest income offset partially by increases in noninterest expense and our provision for loan losses. 

    “Even as record high gas prices, slowing real estate markets and lingering effects from national credit issues continue to challenge the financial services and banking industry, we are pleased with our solid earnings results for the second quarter of 2008,” commented Renasant Chairman and Chief Executive Officer, E. Robinson McGraw. 

    Total assets as of June 30, 2008 were $3.782  billion, representing a 4.70 percent increase from December 31, 2007 and a 35.50 percent increase since June 30, 2007.  The acquisition of Capital Bancorp on July 1, 2007 increased total assets by $614,802,000, total loans by $515,982,000 and total deposits by $490,257,000; these amounts are not reflected in our financial statements as of June 30, 2007.

    Stockholders' equity was $403,795,000 at June 30, 2008, an increase of 1.18 percent from $399,073,000 at December 31, 2007 and an increase of 27.53 percent from $316,634,000 during the same period for 2007.  Changes in stockholders' equity reflects the acquisition of Capital, earnings, dividends paid and changes in unrealized gains and losses on investment securities available for sale.  At June 30, 2008, the Company's regulatory capital ratios remained above “well-capitalized” requirements.

    “Although it appears no one is immune from 2008's challenging economic environment, we believe we have the proper tools, conservative credit culture, underwriting processes and people in place to aggressively work through any credit issues while minimizing losses that may arise” said McGraw.



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PublishAmerica announces the publishing of Hershel Howell's book, Lim.

Lim is an exciting and adventurous story of a hard-drinking Mississippi gambler and his two young partners.  They find themselves caught up in a search for a long-ago lost Confederate treasure, hidden during the Union army's siege of Vicksburg in the Civil War.

This is a story both humorous and exciting—with a touch of romance. It will appeal to buried treasure enthusiasts who love the lure of hidden fortunes. Hunters and anglers will enjoy trekking through the countryside bird hunting with Lim and his dogs and joining Bubba's first grabbling experience. It is a story you would not be embarrassed to read to your mother-in-law.

Hershel Howell, a native Yalobushian, was born in Skuna Valley, October 4, 1926, where his parents, Brack and Hilma Howell taught school. Being schoolteachers, the Howells moved quite often—Skuna Valley, Sylva Rena, and Scobey in Yalobusha County, and in Tallahatchie, Burgess, and Oxford in Lafayette County. In Lafayette County, Howell's father was elected as Tax Assessor and later Chancery Clerk.

Hershel Howell graduated from Oxford University High School in 1944, served in the U.S. Air Force in World War II, and then attended The University of Mississippi following his discharge. While there, he met and married Peggy McCall. They were married 58 years before Mrs. Howell's death in 2007.

The responsibilities of marriage ended Howell's college pursuits and began his work for the State of Mississippi and then with Warren Petroleum, a subsidiary of Gulf Oil Corp.

In 1958, the Howells moved to Water Valley, Mr. Howell took over the Gulf Oil Distributorship when. John Throop, Sr. retired, serving in the gasoline and butane business for 32 years and retiring in 1989.

Being an avid sportsman and outdoors person, Howell took up writing as a pastime pleasure when weather confined him to the inside. As time passed, his writing became more than a pastime—now he has completed three novels. Not being a typist, all his writing is done in longhand.

Howell's efforts to get one of his books published resulted in numerous rejection slips and "Sorry your manuscript does not fit in with our program." He gave up the hope of ever getting his works published.    Then, Lady Luck came along, he met Sue Rogers, mother-in-law of Joe Newman, and a published author of 20 children's books. The new acquaintance and friendship of Sue and her husband, Leonard, who recently moved to Water Valley, led Sue to read Howell's manuscript of Lim. "WOW," she said, "we've got to get this published!" Taking over the reins, as an agent, editor, proofreader, and computer expert, Sue had a publisher reading the manuscript before the month was over. The publisher, PublishAmerica, liked the novel and offered a contract to publish Lim. Howell's first manuscript. Without Sue Rogers' knowledge and help, Lim would never have been published.

There is one other person who made the publishing of Lim possible—Don Dewberry. Don did the first editing, translation, and typing of Mr. Howell's handwritten manuscript. Without Don's expertise, knowledge, and skills, Lim would never have been written—much less published.

The cash advance was minor, but the dream of getting his first novel published is awesome!

For a limited time, you may purchase a copy of Lim, by Hershel Howell, at Varner Printing & Office Supply, 419 N Main St. Water Valley, MS-$19.95.

You may order a copy of Lim, by Hershel Howell, ISBN # 1-60563-063-2, $19.95 plus $3.50 shipping, at: http://www.publishamerica.coin/shopping/index.htm or Mail order from:

Publish America, LLLP

P. O. Box 151 Frederick, MD 21705

• Books are also available at Amazon, www.amazon.com




 

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