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Tag Archives: BancorpSouth

BancorpSouth buying Texas community bank in $209.5 million deal

By Dennis Seid Daily Journal BancorpSouth is moving deeper into Texas, acquiring Central Community Corp., parent of First State Bank Central Texas. First State Bank has 31 branches and is the largest independent bank headquartered in Austin, Texas. The move will boost BancorpSouth’s market share from No. 65 in the state to No. 29. With the move, BancorpSouth is adding ...

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Bauer rankings reflect strong Q3 showing for Mississippi banks

A total of 45 Mississippi banks and saving and loans garnered five-star ratings from Bauer Financial Services in the third quarter. Of Mississippi’s largest banks, the $20 billion Hancock Bank of Gulfport was the only one to receive five stars, though Jackson’s Trustmark and Tupelo’s Renasant performed well enough to gain four stars each. BancorpSouth, the state’s second largest bank ...

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Bank sees modest rise in earnings after retirement buy-out

TUPELO — Regional bank BancorpSouth Corp. says profit in 2013’s second quarter rose less than 1 percent from the same three months of 2012, as an early-retirement buyout drove up costs. BancorpSouth posted quarterly profit of $20.8 million, or 22 cents per share Tuesday. That’s up from $20.6 million or 22 cents per share in 2012’s second quarter. Without a ...

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Mississippi banks show strength with top Bauer ratings

Highlighting the strong stability of Mississippi’s banks, Bauer Financial has awarded five-star “Superior” ratings to over half of the state’s banks for their first-quarter performance, including two of the largest banks — Hancock Bank and Trustmark Bank. Two other major banking Mississippi banking entities — Birmingham-based Regions Bank and Tupelo’s BancorpSouth — received the three-and-a-half star ranking of “Good” from ...

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BancorpSouth sets up $500 million business loan pool for 2013

Tupelo-based BancorpSouth has earmarked $500 million for loans to businesses and entrepreneurs seeking to locate in our state, as well as for existing businesses looking to expand operations through a loan pool dubbed “Grow Mississippi 2013.” In announcing the initiative, BancorpSouth CEO Dan Rollins said additional funding will be added to the loan pool during the year if needed, depending ...

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Strong mortgage lending boosts BancorpSouth Q4 earnings

Tupelo’s BancorpSouth closed the final quarter of 2012 with net income of $17 million and earnings of 18 cents s share, a two-penny increase over the same quarter a year ago. BancorpSouth attributed its 4th quarter showing to stronger mortgage lending and improved asset management, particularly in the disposal of Real Estate Owned properties. However, the fourth quarter earnings failed ...

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Banks can assist small businesses with a variety of services, programs

Banks can be small business owners’ best friends, providing a range of services, advice and a shoulder to lean on. The definition of a small business can vary, depending on how much activity a business runs through a bank, according to Art Stevens, president of retail banking for Trustmark National Bank. “Accounts can trigger based on activity. Lots of banks ...

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(VIDEO) Dan Rollins is the new CEO of BancorpSouth

On Wednesday, BancorpSouth CEO Dan Rollins gave a three-minute interview to MBJ-TV just three weeks into his new role as leader of one of the state’s largest financial institutions. Rollins’ successful tenure at Prosperity Bank in Houston, Texas led to that bank becoming Houston’s largest holding company and nearly doubling its assets in five years. He is known for his ...

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New BancorpSouth CEO looks to repeat his Texas-style success in Tupelo

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 of “tightfisted expense control” and ...

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