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BancorpSouth

@bancorpsouth.com

For more than 135 years BancorpSouth has met the banking needs of the communities it serves through a series of community banks managed

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About

Description

BancorpSouth is a financial holding company based in the United States. It was founded in 1876 in Mississippi and has since grown to become a reputable banking institution. The company's headquarters are located in Tupelo, Mississippi.


BancorpSouth offers a range of products and services to its customers. Its primary offerings include personal and business banking services such as checking and savings accounts, loans, mortgages, credit cards, and insurance. The company also provides investment and wealth management services through its subsidiary, BancorpSouth Investment Services.


While BancorpSouth primarily operates in the United States, it also has a presence in select international markets. However, the company's operations on a global scale are relatively limited compared to some of its competitors. It does not have any noteworthy subsidiaries, joint ventures, or partnerships that have a significant impact on its global operations.


In terms of market position, BancorpSouth is a regional bank with a strong presence in the southeast United States. It operates approximately 285 branches across nine states, with a focus on serving small and medium-sized businesses and individual customers in its local communities. While it may not have a significant global sales volume, it has established itself as a trusted banking partner in its target markets.


In recent years, BancorpSouth has made several notable achievements and changes in its strategy. In 2017, the company completed the acquisition of Icon Capital Corporation, expanding its footprint in Tennessee and enhancing its wealth management capabilities. Additionally, it has made significant investments in technology and digital banking to improve customer experience and compete with larger national banks.


As of the latest updates, BancorpSouth continues to grow and expand its reach. In 2021, the company announced plans to merge with Cadence Bancorporation, another regional bank based in Texas. This merger, once completed, will create a larger banking institution with increased scale and resources.


In conclusion, BancorpSouth is a well-established regional bank in the United States, providing a range of financial products and services. While its global operations are limited, the company has achieved notable successes in its target markets and continues to pursue growth opportunities. With the pending merger with Cadence Bancorporation, the company's future looks promising as it aims to strengthen its position further

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Company Type

Public Company

Company Size

1001-5000

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