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Tag Archives: Bank Secrecy Act

BancorpSouth's efforts focused on remediating regulatory concerns

TUPELO — BancorpSouth Inc. saw its net income rise more than 15 percent to $28.8 million in the third quarter, as loans and insurance commission revenue increased. The company reports noninterest revenue was $69.3 million, up from $62.5 million for the year-ago period. Insurance commission revenue played a large role, rising from $23.8 million to $29.2 million. In the third ...

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Two BancorpSouth mergers delayed by federal inquiries

TUPELO — BancorpSouth Inc. has extended its merger agreements with Ouachita Bancshares Corp. and Central Community Corporation. BancorpSouth, Ouachita Bancshares Corp. and Central Community Corporation have determined additional time will be required to obtain regulatory approvals and to satisfy closing conditions necessary to complete their respective mergers.  They have extended their respective merger agreements to June 30, 2015. “We continue ...

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