William L. “Bill” Prater is retiring early from his post as senior executive vice president, treasurer and chief financial officer at BancorpSouth Inc.
The parent company of BancorpSouth Bank said Prater’s decision is effective March 10.
The Northeast Mississippi Daily Journal reports Prater has held the posts for nearly eight years and will stay on board in a consulting role as BancorpSouth seeks his replacement.
The company says Prater’s impending retirement does not reflect any dispute or disagreement with BancorpSouth or its management.
Prater was named the company’s CFO in July 2009 following the retirement of Nash Allen Jr., who spent 40 years with the bank.
BancorpSouth Bank operates in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee and Texas, plus an insurance location in Illinois.
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