- Trading Symbol BXS
- Exchange NYSE
Market Value ($M)
- Volume 699,239
BancorpSouth Announces Acquisition of Central Community Corporation
BancorpSouth, Inc. Acquisition of Ouachita Bancshares Corporation
BancorpSouth Second Quarter Earnings Conference Call
Tuesday, July 22, 2014 at 11:00 am Eastern Time
Gulf South Bank Conference 2014
Tuesday, May 13, 2014 at 3:10 pm Central Time
BancorpSouth First Quarter Earnings Conference Call
Tuesday, April 22, 2014 at 11:00 am Eastern Time
2014 KBW Boston Bank Conference
Thursday 2/27 at 9:30 am ET / 8:30 am CT
BancorpSouth Fourth Quarter Earnings Conference Call
Thursday, January 23, 2014 at 11:00 am Eastern Time
To be the leading financial services company in our markets, close to the customer and focused on the communities we serve. To maximize shareholder value through consistently strong earnings performance, strong market share, and maintenance of high quality assets. To continuously transform BancorpSouth into a more diverse and comprehensive financial services company. To be our customer's provider of choice for financial services, a multi-faceted relationship providing value to both the customer and our company. To provide an inspiring career opportunity for dedicated professionals.
A Look at the Past
The BancorpSouth History
A reflection of decades of service, leadership and accomplishments.
What began over a century ago in a hardware store in then tiny Verona, Mississippi, now spreads from Texas to Missouri to the Gulf Coast. This expansion has been matched by the continuous growth in new markets, products, and services to help clients meet and exceed their financial goals.
The war had been over eleven years in 1876, and times were quiet in North Mississippi. Reconstruction was still underway in this, the last vestige of the Confederacy, and making a living on the poor dirt farms of North Mississippi was a meager existence at best.
In the small town of Verona, Raymond, Trice and Company petitioned the Mississippi legislature for a charter to operate a banking business, and was granted the charter March 31, 1876.
The new bank, in a corner store, began taking the deposits of settlers and newcomers alike. At first the bank looked more like today’s post office substation in a neighborhood store. But as time passed, the little banking operation – begun with one of this state’s rare perpetual charters – began to grow and prosper.
Lee County had a population of 20,000 two years later when the legislature approved the change of the bank’s name to the Bank of Lee County. The Bank of Lee County enjoyed a specific distinction in those days: it was one of the pioneer banks in North Mississippi.
Most of the banking business was handled through commission merchants in New
Orleans, Mobile and St. Louis.
Merchants would keep their accounts with these commission firms and obtain
advances through them. Most cotton
was consigned to the commission merchants, with drafts drawn against the cotton
In 1886, the Bank of Lee County moved to the new city Tupelo, establishing its offices on what is now Front Street along the railroad tracks. The bank later purchased property in 1899 on Main Street by the Bank of Tupelo, a new name for the Bank of Lee County.
The property purchased for the location of the new banking office had once been deeded by the U.S. Government to a Chickasaw Indian with the tongue-twisting name of Pis-Tah-Lah-Tubby. By the turn of the century, the Bank of Tupelo had shown good progress, reaching total assets of $281,877.25 in its first twenty-four years.
Times were certainly different. A story from the Tupelo centennial edition of the Tupelo Daily Journal cited 1901 building costs, reporting a “good house” could be built for $800, fencing for no more than $100 per mile, a two-room cottage for only $75 and a 10-room house “with all the conveniences” for $1,500 to $1,800.
As Tupelo developed and prospered, so did other areas in North Mississippi. In 1904, the Bank of Tupelo established its first bank outside of Tupelo in nearby Nettleton; and, as they say, the rest is history with other expansion opportunities throughout North Mississippi; places like Mantachie, Fulton, Booneville, Grenada, Houston, and Olive Branch.
In 1966 the directors of the Bank of Tupelo changed the name of their banks to reflect properly the scope of their banking operations. The new name, Bank of Mississippi, was adopted for use throughout the system. No longer would there be the Bank of Tupelo, Bank of Nettleton, the Fulton Bank, etc.
In 1987 BancorpSouth became Mississippi’s first statewide bank with the merger of First Mississippi National Bank. Shortly after the Federal Interstate Banking law was passed in 1992, BancorpSouth expanded into Tennessee, then in 1998 into Alabama with the merger of a Birmingham headquartered community bank. With expansion into a multi-state footprint, it took the name BancorpSouth.
The banking law changes of the 90’s provided new product and service opportunities such as insurance, brokerage and more. As a result, the leading commercial insurance agencies in Mississippi, Louisiana, and Arkansas became part of BancorpSouth Insurance Services, Inc. Over the years, BancorpSouth Insurance (BXSI) has grown both organically and by acquiring successful and respected independent agencies. BancorpSouth is now among the nation’s leaders in non-interest income from insurance products.
The millennium brought the merger of First United Bancshares of El Dorado and the addition of Arkansas, Louisiana, and Texas to BancorpSouth’s market area.
In 2005 BancorpSouth expanded its Nashville presence from an existing loan production office with the opening of a full service banking facility in the historic city of Franklin.
In 2006 BancorpSouth expanded its footprint by entering into the Florida panhandle. With its new Destin Office, BancorpSouth’s Gulf of Mexico coastline now reaches from the Mississippi Gulf Coast, through Mobile, Alabama, to Florida’s Emerald Coast.
In 2007 BancorpSouth entered the St. Louis and Springfield, Missouri, markets through a merger with The Signature Bank of Springfield, followed by the opening of a new full-service banking office in Clayton, located within the St. Louis metropolitan area.
A major driver of BancorpSouth’s success has been its continued focus as a relationship-driven business, providing clients with superior personal customer service. BancorpSouth’s associates, through their determination, commitment and professionalism, have defined the Company’s history and culture for over 135 years by providing exceptional service to its clients and a commitment of service to its communities. BancorpSouth….a proud history and a bright future.
Contact InformationBancorpSouth, Inc.
One Mississippi Plaza
201 South Spring Street
Tupelo, MS 38804-4826
Investor Relations Contact
Mr. Will Fisackerly
Registrar & Transfer Company
10 Commerce Drive
Cranford, NJ 07016