One of Mississippi’s banks has a new president.
The board of directors of BancorpSouth Inc. has selected Chris A. Bagley as the next president and COO of BancorpSouth Inc. and BancorpSouth Bank. Bagley will succeed James V. Kelley upon his previously announced retirement on Aug. 15.
Bagley, who joined BancorpSouth earlier this year as an executive vice president, was previously a named executive officer and chief credit officer of Prosperity Bancshares Inc. in Houston, Texas. He has over 31 years of experience in commercial banking. He has served as a named executive officer at a publicly traded financial holding company, where he served on the seven-person executive committee that directed and oversaw all bank lending and operations. He has also served as a regional loan concurrence officer, a voting member of the senior loan committee, member of the operations and BSA risk committees and was the lending liaison for the fair lending component of compliance exams. He has also served as a member of the board of directors for a publicly traded financial holding company.
Prior to joining Prosperity Bank, he worked at both Texas Commerce Bank as a commercial lender and Bank of Almeda where he served in various key roles including internal auditor, compliance officer, commercial lender and ultimately as the as the bank’s chief lending officer as well as serving on the bank and holding company board of directors.
Bagley received a bachelor of business administration from Stephen F. Austin State University and an MBA from the University of Houston. He presently serves as an advisory board member of the University of Houston banking certificate program through the Bauer College of Business.
Kelley has served as BancorpSouth’s president and COO since the company’s merger with First United Bancshares Inc. in 2000. Prior to the merger, Kelley served as chairman, president and CEO of First United Bancshares in El Dorado, Arkansas.