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Tag Archives: BancorpSouth

Regions only one of several lenders in trouble over overdraft fees

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By TED CARTER  Regions Bank is paying tens of millions in reimbursements and a fine of $7.5 million after its executives ignored a warning two years ago that its overdraft practices could be illegal. The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act brought new scrutiny to bank overdraft practices across the country. Until the federal law ordered banks ...

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BancorpSouth taps Deborah M. Cannon

BancorpSouth has announced the company’s board of directors has nominated Deborah M. Cannon of Houston, Texas, for election as a director of BancorpSouth at the annual meeting of shareholders scheduled for April 22. Cannon serves as President and CEO of the Houston Zoo, Inc., and is a former executive vice president of Bank of America. Assignments at Bank of America ...

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Manufacturing grows sluggish as oil prices slide, economists say

By TED CARTER Steep declines in oil and petroleum prices have finally shown a corresponding drop in commercial construction costs tracked by the U.S. Department of Labor’s Producer Price Index. Contractors can cheer about the drop in costs – at least those who don’t build for the oil exploration and mining sectors. Not so for manufacturers. They’re getting anxious about sluggishness ...

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MAKING DREAMS COME TRUE — Mississippi bankers see increase in young homebuyers

By BECKY GILLETTE With rent going up in many areas, and employment rising as the economy improves, home buying is beginning to improve in some areas of the state. “Lower rates are improving housing affordability relative to rents, and many of the recent applicants think this is a good time to buy,” said Scott Dickey, mortgage division president, BancorpSouth, Tupelo. ...

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BancorpSouth’s Gordon Lewis to retire

BancorpSouth Senior Executive Vice President Gordon Lewis is retiring effective Dec. 12. Lewis joined BancorpSouth in conjunction with the merger of First United Bancshares into BancorpSouth in 2000 where he was the regional chairman responsible for First United’s banks in Texas and Louisiana. Lewis also served as chairman, president and CEO of Fredonia State Bank in Nacogdoches, Texas, as part ...

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Daniel C. Elliott

At BancorpSouth, Daniel Elliott is considered by his superiors to be the bank’s “go-to” guy in the South Jackson Division. The Meridian native began his BancorpSouth career as a teller and worked his way up to vice president/senior lender. In addition to his core responsibilities, Elliott works closely with junior lenders to help them understand how to properly document and ...

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BancorpSouth posts healthier quarterly profit

TUPELO — Regional bank BancorpSouth Corp. saw profit rise for the third quarter in a row, jumping 37 percent in 2014’s first quarter from the same three months in 2013. BancorpSouth posted quarterly profit yesterday of $28.4 million, or 30 cents per share. That’s up from $20.8 million or 22 cents per share in 2013’s first quarter. Analysts polled by ...

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Renasant, BancorpSouth acquisitions seen boosting earnings per share

Analysts see bump-ups in earnings per share from growth achieved by Tupelo’s Renasant Bank through acquisition of M&F Bank of Kosciusko and growth expected by Tupelo neighbor BancorpSouth’s announced acquisitions in Texas and Louisiana. The $5.7 billion Renasant’s first full quarter with M&F was a solid one, Birmingham, Ala.-based Stern Agee reported, citing a .03 percent increase in net interest ...

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Owens passes IHL gavel to Patterson

Former banker Aubrey Patterson is now the president of the Board of Trustees of State Institutions of Higher Learning. Bob Owens passed the gavel to Patterson at a recent board meeting held in Jackson. Patterson will officially take office on Feb. 1. “I look forward to continuing to work toward our goal of increasing educational attainment in Mississippi with my ...

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BancorpSouth buying Texas bank in stock/cash deal

TUPELO — BancorpSouth will acquire Central Community Corp., the parent of Austin-based First State Bank Central Texas, pushing the bank much deeper into the competitive Texas banking market. BancorpSouth said yesterday that it is offering Central Community stockholders shares of its own stock worth $182.3 million, plus $28.5 million in cash. If Central Community shareholders and regulators approve, the deal ...

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