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Tag Archives: BancorpSouth

BancorpSouth to add 100 jobs in new expansion

By TAYLOR VANCE / Daily Journal TUPELO • BancorpSouth is investing $15 million in an expansion project at its Jackson Street Operations Campus that will add at least 100 full-time jobs. The company is expected to release the full details of the expansion at a groundbreaking ceremony today. The expansion will help the city help secure a Development Infrastructure Program grant ...

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Rolling with Rollins: BancorpSouth boosts investment, employment in Tupelo

By DENNIS SEID / Daily Journal TUPELO • Nearly seven years ago, Dan Rollins was tapped to lead BancorpSouth. The Texan was chosen to fill the shoes of longtime chief executive Aubrey Patterson, who spent four decades with the company. Rollins took over a bank that had stalled a bit in its growth plans, but the last two years have seen ...

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BancorpSouth earns $53.1 million in second quarter

TUPELO • BancorpSouth reported net income of $53.1 million, or 53 cents per share, for the second quarter of 2019, compared to $54 million, or 55 cents per share, for the same period a year earlier. The company’s revenue for the quarter was $226.35 million, an increase of 5.5% but $9.56 million below some analysts’ projections. Highlights for the second ...

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BancorpSouth moving closer to $20B with two more mergers

By DENNIS SEID / Daily Journal TUPELO • BancorpSouth Bank is getting closer to becoming a $20 billion bank, announcing Wednesday it was expanding its presence in Texas and Florida. The Tupelo-based bank said it was acquiring Van Alstyne Financial Corp., the parent company of Texas Star Bank, and Summit Financial Enterprises Inc., the parent company of Summit Bank. The ...

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BancorpSouth promotes Telford Lindsay and Jennifer Morgan

BancorpSouth Bank recently announced the promotions of Telford Lindsay to first vice president and Jennifer Morgan to bank officer in BancorpSouth Equipment Finance and Leasing, which provides equipment financing for commercial markets and municipalities across the Southeast and parts of the Midwest. Lindsay joined BancorpSouth Equipment Finance in 2014 and most recently served as vice president. He is responsible for ...

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BancorpSouth CFO Prater retiring in March

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 ...

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BancorpSouth overdraft settlement credits, checks going out

By DENNIS SEID Daily Journal TUPELO – Some former and current BancorpSouth customers are receiving either credit to their accounts or checks in their mail. In January, BancorpSouth settled a lawsuit for $24 million involving overdraft fees the bank charged to customers from a period beginning about 2003 to 2010 in the bank’s eight-state territory. In Mississippi, customers who were charged ...

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BancorpSouth net income for third quarter up

  By Jack Weatherly BancorpSouth Inc. reported net income of $37.8 million, or 40 cents per share for the third quarter, compared with net income of $34.3 million, or 36 cents per share a year earlier. Net operating income was $36.7 million, or 39 cents a share, one cent lower than the consensus reported by Zacks. Net operating income for ...

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BancorpSouth extends till end of ’17 effort to buy two banks

  By JACK WEATHERLY BancorpSouth Inc. has reached an agreement to extend to Dec. 31, 2017 an attempt buy two banks, which has been delayed by federal regulatory intervention. The Tupelo-based banking chain announced Friday the third extension of the merger effort that began in January 2014. “We continue to believe these proposed transactions are in the best interest of ...

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BancorpSouth puts 2 planned mergers on hold

A downgrade of BancorpSouth’s Community Reinvestment Act rating means two mergers have been tabled for the time being. BancorpSouth announced in January 2014 its intent to acquire Ouachita Bancshares Corp. of West Monroe, Louisiana, and Central Community Corp. of Temple, Texas. The merger agreements were valued at a combined $325 million in stock and cash at the time. The Northeast ...

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