Posts Tagged ‘Aubrey Patterson’

Main Street Matters kicks off with development goal

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 […] [...]

Memphis Market

by Published: November 7,2010

Tags: Aubrey Patterson, BancorpSouth, Gregg Cowsert, Kevin Reynolds

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 […] [...]

BancorpSouth back in the black but trouble with bad loans persists

Bank handicapped by increasing loan loss reserves A $32.3-million allocation to cover a $107.1-million increase in non-performing loans took a bite of BancorpSouth Inc.’s third quarter earnings, but Mississippi’s largest headquartered bank returned to profitability in the quarter. The move into the black got an assist from a nearly $10-million income tax benefit and a […] [...]

FDIC report: State banks under increasing strain

by Published: September 5,2010

Tags: Aubrey Patterson, BancorpSouth

Second quarter numbers show diminishing loan values and a decline in property and building values Second quarter statistics released last Tuesday by the Federal Deposit Insurance Corporation show the increasing strain Mississippi banks are under to set aside money to cover possible loan losses. Banks across the state are sinking tens of millions of dollars […] [...]

BancorpSouth in acquiring mode

CEO Patterson tells annual bank conference in Chicago, ‘We are an experienced and proven acquirer.’ BancorpSouth Bank is on the hunt for banks to buy and expects to be a regional leader in acquiring “fatigued” community banks over at least the next 12 to 18 months. BancorpSouth chairman and CEO Aubrey Patterson made note of […] [...]

Patterson gets Roundtable seat

Aubrey Patterson, chairman and CEO of BancorpSouth, has been named to the board of directors of The Financial Services Roundtable. Patterson joins 10 other banking executives from throughout the nation named to the board. The Financial Services Roundtable represents 100 of the largest integrated financial services companies providing banking, insurance, and investment products and services […] [...]

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