The wheeler-dealer who helped transform Houston-based Prosperity Bank into Texas’ third-largest banking company is now in Tupelo with what analysts expect is a much different mission: Slim down BancorpSouth’s expenses with a focus on profitability. The appointment of James “Dan” Rollins III to head BancorpSouth’s multi-state banking operation makes sense for a bank in pursuit [...] [...]
After 22 years as CEO of BancorpSouth, Audrey Patterson has handed the chief executive duties to veteran Texas banker James “Dan” Rollins III. Patterson, who will remain as chairman, recently answered several questions regarding the $13 billion banking regional banking company’s new leadership. >>New BancorpSouth CEO looks to repeat his Texas-style success in Tupelo Major [...] [...]
By Ricky Nobile [...]
TUPELO — Aubrey Patterson will retire from his post as chairman and CEO of BancorpSouth Inc. in 2013, the regional bank says. In a Thursday release, Patterson said he expected to retire around the time of the company’s annual meeting in April 2013. >> A Q&A with Aubrey Patterson >> BancorpSouth reaches 2-year high on [...] [...]
The year’s first quarter brought BancorpSouth Inc. its best quarterly showing in two years, with the Tupelo-based regional bank reporting net income of $22.9 million, or 25-cents a share. The burden of bad real estate loans also eased during the quarter, according to Aubrey Patterson, chairman and CEO BancorpSouth, a $13 billion banking company with [...] [...]
TUPELO — BancorpSouth is set aside less for future loan losses and made more in fees from mortgage borrowers, increasing profit in the first quarter. The Tupelo firm said Monday that profit rose to $22.9 million, or 25 cents per share, in the quarter that ended March 31. The bank said that’s the most it [...] [...]
A balance sheet that saw a significant decline in provision for credit losses helped Tupelo-based regional bank BancorpSouth achieve fourth quarter net income of $15.8 million, or $0.19 per diluted share, beating the analysts’ consensus estimate by 2 cents. Shareholders, however, saw their dividend chopped in half, going from 22 cents in the third quarter [...] [...]
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 [...] [...]
Effort enlists business leaders to bring more industry and tourism to Main Street communities The Mississippi Main Street Association has launched a five-year economic and community development program for the State of Mississippi dubbed “Main Street Matters.” The initiative to underwrite the effort grew out of ideas and suggestions from nearly 100 business leaders over [...] [...]
BancorpSouth’s Memphis borrowers stayed solvent longer, delaying in loan repairs Regional bank BancorpSouth attributes much of the earnings pain it is enduring today to high-quality big-money borrowers in metro Memphis who ran out of money later in the real estate bust than did others. “Because of borrowers we were dealing with, we dealt with issues in [...] [...]
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