TUPELO, Miss., Jan. 20, 2012 /PRNewswire/ -- BancorpSouth, Inc.
(NYSE: BXS) (the "Company") announced today that the underwriters
for the recently announced public offering of BancorpSouth, Inc.
common stock have exercised in full their over-allotment option to
purchase an additional 1,428,571 shares at a public offering price
of $10.50 per share.
The Company intends to use the net proceeds of this offering for
general corporate purposes, including to maintain certain capital
levels and liquidity at the Company, potentially provide equity
capital to BancorpSouth Bank, fund growth either organically or
through acquisition of other financial institutions, insurance
agencies, or other businesses that are closely aligned to the
operations of the Company, and fund investments in its
subsidiaries.
The offering of common stock may be made only by means of a
prospectus and a related prospectus supplement. Morgan Stanley
& Co. LLC and Stifel, Nicolaus & Company, Incorporated are
the joint book-running managers in the offering. Stephens
Inc., Keefe, Bruyette & Woods, and Sandler O'Neill + Partners,
L.P. are acting as co-managers for the stock offering.
A registration statement relating to the shares is effective
with the Securities and Exchange Commission. A prospectus
supplement relating to the offering has been filed with the
Securities and Exchange Commission. Copies of the prospectus
supplement and the accompanying prospectus may be obtained from
Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180
Varick Street, 2nd Floor, New York, New
York 10014, telephone: (866) 718-1649 and Stifel, Nicolaus
& Company, Incorporated, Attention: Prospectus Department,
One South Street, 15th Floor,
Baltimore, Maryland 21202,
telephone: (443) 224-1988.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these securities in any jurisdiction
in which such an offer, solicitation, or sale would be unlawful
prior to registration or qualification under the securities laws of
any such jurisdiction.
About BancorpSouth
BancorpSouth, Inc. is a financial holding company headquartered
in Tupelo, Mississippi, with
$13.0 billion in assets.
BancorpSouth Bank, a wholly-owned subsidiary of BancorpSouth,
Inc., operates 286 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.
Forward-Looking Statements
This news release contains various forward-looking
statements. A discussion of various factors that could cause
BancorpSouth's actual results to differ materially from those
expressed in such forward-looking statements is included in
BancorpSouth's filings with the Securities and Exchange Commission,
including the prospectus supplement relating to this offering, its
Annual Report on Form 10-K for the year ended December 31, 2010, and Quarterly Reports on Form
10-Q for the periods ended March 31,
2011, June 30, 2011 and
September 30, 2011.
SOURCE BancorpSouth, Inc.