L. Nash Allen, Jr. Retires as BancorpSouth Treasurer and Chief Financial Officer; Completes 40 Year Career with Mississippi-Base
June 24 2009 - 6:00PM
PR Newswire (US)
TUPELO, Miss., June 24 /PRNewswire-FirstCall/ -- BancorpSouth, Inc.
(NYSE: BXS) announced today the retirement of L. Nash Allen, Jr.
from his position of Treasurer and Chief Financial Officer of the
Company, effective June 30, 2009. Allen joined BancorpSouth in 1969
as a management trainee after graduation from the University of
Mississippi and service as an officer in the U. S Army. He was
promoted to Assistant Vice President and Assistant Controller in
1974; to Controller in 1977; Chief Financial Officer in 1986, to
Executive Vice President and Chief Financial Officer in 1992.
Aubrey Patterson, BancorpSouth Chairman and CEO said, "Nash Allen
has served our Company for four decades, providing leadership and
guidance during a time of unprecedented change in accounting and
regulatory standards in our industry. As a valued member of our
management team, Nash has been involved in every major financial
decision affecting BancorpSouth during his tenure as CFO. His
contributions to BancorpSouth are numerous and he will be missed."
The Executive Committee, on behalf of the Board of Directors of
BancorpSouth, Inc., appointed William L. Prater, age 49, to fill
the vacancy created by Mr. Allen's retirement effective June 30,
2009. Prater has served as Executive Vice President of the Company
since September 1, 2008. Prior to joining the Company, he most
recently served as Executive Vice President of Finance at Regions
Bank. Prater held the office of Senior Vice President of Finance at
AmSouth Bank from 2004 to 2006; he also served previously in a
similar position with SouthTrust Corporation. Prater holds a B.S.
in Accounting from the University of Alabama-Birmingham. "Since
joining BancorpSouth, Bill Prater has gained the respect and
confidence of our officers and staff. He brings a wealth of
knowledge and experience to our management team," added Patterson.
BancorpSouth, Inc. is a financial holding company headquartered in
Tupelo, Mississippi, with approximately $13.5 billion in assets.
BancorpSouth Bank, a wholly-owned subsidiary of BancorpSouth, Inc.,
operates approximately 315 commercial banking, mortgage, insurance,
trust and broker/dealer locations in Alabama, Arkansas, Florida,
Louisiana, Mississippi, Missouri, Tennessee and Texas. BancorpSouth
Bank also operates an insurance location in Illinois. DATASOURCE:
BancorpSouth, Inc. CONTACT: Randy Burchfield of BancorpSouth, Inc.,
+1-662-620-4302 Web Site: http://www.bancorpsouth.com/
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