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Tag Archives: Aubrey Patterson

Owens passes IHL gavel to Patterson

Former banker Aubrey Patterson is now the president of the Board of Trustees of State Institutions of Higher Learning. Bob Owens passed the gavel to Patterson at a recent board meeting held in Jackson. Patterson will officially take office on Feb. 1. “I look forward to continuing to work toward our goal of increasing educational attainment in Mississippi with my ...

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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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Patterson on new leadership

After 22 years as CEO of BancorpSouth, Audrey Patterson has handed the chief executive duties to veteran Texas banker James “Dan” Rollins III. Patterson, who will remain as chairman, recently answered several questions regarding the $13 billion banking regional banking company’s new leadership. >>New BancorpSouth CEO looks to repeat his Texas-style success in Tupelo Major Challenges: BancorpSouth like all commercial ...

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Patterson, longtime CEO of BancorpSouth, to retire

TUPELO — Aubrey Patterson will retire from his post as chairman and CEO of BancorpSouth Inc. in 2013, the regional bank says. In a Thursday release, Patterson said he expected to retire around the time of the company’s annual meeting in April 2013. >> A Q&A with Aubrey Patterson >> BancorpSouth reaches 2-year high on earnings, plans regional restructuring >> ...

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BancorpSouth reaches 2-year high on earnings, plans regional restructuring

The year’s first quarter brought BancorpSouth Inc. its best quarterly showing in two years, with the Tupelo-based regional bank reporting net income of $22.9 million, or 25-cents a share. The burden of bad real estate loans also eased during the quarter, according to Aubrey Patterson, chairman and CEO BancorpSouth, a $13 billion banking company with operations in Alabama, Arkansas, Florida, ...

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BancorpSouth profit jumps, loan set-aside shrinks

TUPELO — BancorpSouth is set aside less for future loan losses and made more in fees from mortgage borrowers, increasing profit in the first quarter. The Tupelo firm said Monday that profit rose to $22.9 million, or 25 cents per share, in the quarter that ended March 31. The bank said that’s the most it has earned in more than ...

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Banking commissioner's departure opens up replacement question

Mississippi Gov. Haley Barbour or his successor have the option of going into the financial services regulatory realm or into the banking sector itself to replace the retired John Allison as banking commissioner. Allison says the load of regulatory changes facing the financial sector has led state banking supervision offices across the nation to fill their top ranks with seasoned ...

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BancorpSouth rebounds further into the black

A balance sheet that saw a significant decline in provision for credit losses helped Tupelo-based regional bank BancorpSouth achieve fourth quarter net income of $15.8 million, or $0.19 per diluted share, beating the analysts’ consensus estimate by 2 cents. Shareholders, however, saw their dividend chopped in half, going from 22 cents in the third quarter to 11 cents. This marked ...

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