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BancorpSouth selling two of its Texas branches

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.


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