Tupelo-based BancorpSouth is selling a pair of Texas bank branches, one of which was included among the 23 branches in six states to be closed this month. The $13.4 billion regional bank says it is selling its banking operations in Maud and Redwater to the First National Bank of Hughes Springs, Texas. The transaction will be effective at the close of business on Dec. 31, 2011.
BancorpSouth acquired the Maud and Redwater branches in 2000 as part of the First United Bancshares merger. The Maud branch had been included in BancorpSouth’s previously announced plans to close 23 branch locations effective Aug. 26. The Maud location will remain open as a branch of BancorpSouth until Dec. 31.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info