BancorpSouth Acquires Kyzar and Company, P.A. of Hattiesburg
April 01 2005 - 10:00AM
PR Newswire (US)
BancorpSouth Acquires Kyzar and Company, P.A. of Hattiesburg
TUPELO, Miss., April 1 /PRNewswire-FirstCall/ -- BancorpSouth, Inc.
(NYSE:BXS) announced today the acquisition of Kyzar and Company,
P.A., of Hattiesburg, and incorporation of the employee benefits
firm into its Stewart Sneed Hewes division of BancorpSouth
Insurance Services, Inc. BancorpSouth Chairman and CEO Aubrey
Patterson said, "We have actively expanded our insurance services
through the company's six-state market area and will consider other
similar acquisitions of market-leading agencies. Kyzar and Company
will add an important dimension to our employee benefits program in
Steward Sneed Hewes' Hattiesburg office." Stewart Sneed Hewes
Hattiesburg President Ross Bell said, "Burrell Kyzar, Michelle
Fuller and staff are exceptionally well-qualified employee benefits
specialists, and we welcome the opportunity to have them join the
Stewart Sneed Hewes family." BancorpSouth's Hattiesburg President
Ted Webb added, "We are pleased to have these professionals join
the Stewart Sneed Hewes/BancorpSouth team in Hattiesburg. They are
highly respected members of our professional community." Kyzar and
Company was founded in 1974 and has specialized in employee
benefits including group medical and life insurance, short and long
term disability and retirement plans including 401k/profit sharing
and defined benefit plans. Burrell Kyzar said, "We look forward to
being a part of Stewart Sneed Hewes and BancorpSouth. We are
pleased to have the opportunity to partner with two of the leading
names in financial services, employee benefits and insurance." In
addition to Stewart Sneed Hewes, BancorpSouth through subsequent
mergers has partnered with Wright and Percy Insurance Agency in
Baton Rouge and Ramsey, Krug, Farrell in Little Rock. BancorpSouth
2004 insurance revenue ranked in the top 25 nationally among
banking operations. Terms of the Kyzar merger were not disclosed.
Headquartered in Tupelo, Miss., BancorpSouth is a $10.8 billion
asset banking company that operates approximately 247 commercial
banking, insurance, trust and broker/dealer locations in Alabama,
Arkansas, Louisiana, Mississippi, Tennessee and Texas with a staff
of approximately 3,800 full-time employees. BancorpSouth and its
subsidiaries provide, in addition to traditional banking services,
mortgage origination and servicing, leasing, credit cards, trust
and fiduciary services, brokerage and investment services and
insurance services. DATASOURCE: BancorpSouth, Inc. CONTACT: Media:
Chuck McIntosh, +1-662-620-4304, or Scott Naugle, +1-228-863-5362,
or Financial: L. Nash Allen Jr., +1-662-680-2330, all of
BancorpSouth, Inc. Web site: http://www.bancorpsouth.com/
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