BancorpSouth Expands Tennessee Presence; Announces Nashville Loan Production Office
November 19 2003 - 3:19PM
PR Newswire (US)
BancorpSouth Expands Tennessee Presence; Announces Nashville Loan
Production Office TUPELO, Miss., Nov. 19 /PRNewswire-FirstCall/ --
BancorpSouth, Inc., subsidiary BancorpSouth Bank announced it is
expanding its presence in Tennessee with the opening of a loan
production office in the Nashville suburb of Brentwood.
BancorpSouth is seeking full service banking status with plans to
open other full service branches in the Nashville market area.
BancorpSouth Chairman Aubrey B. Patterson said, "We have been
watching the Nashville market grow and exploring opportunities to
enter this attractive market. We are initiating our service with a
loan production office in Brentwood, and we have applied to the
Federal Deposit Insurance Corporation and appropriate state banking
regulators for full service banking status." Jim Kelley,
BancorpSouth President and Chief Operating Officer said, "We
already have successful banking operations in West Tennessee
including Memphis and Jackson with over $1.07 billion in deposits.
It seems logical to expand east into one of Tennessee's fastest
growing markets." The commercial loan production office and
residential mortgage center are located at 104 Continental Place in
Brentwood's Maryland Farms office park. Veteran banker Ken Farmer
will direct BancorpSouth's Middle Tennessee banking operations.
Farmer has served as a regional loan administrator and in
commercial real estate lending roles prior to his current
assignment. He has a total of 23 years of banking and financial
services experience. Farmer stated, "We are excited about the
opportunity to provide the Nashville area BancorpSouth's unique
brand of local market management backed by the resources of a large
regional financial services company." Nashville banker Kenny Lyons
has been named senior vice president of BancorpSouth's Nashville
Division, and Molly Silvers has been named loan and operations
officer for the loan production office. Belinda Arender heads the
separate mortgage lending operation for Middle Tennessee which is
headquartered at the Brentwood lending center. Initially
BancorpSouth in Nashville will specialize in commercial real estate
lending, real estate construction, private banking services and
residential mortgage lending. As soon as approval is received for
full banking operations, BancorpSouth will offer a full range of
integrated retail and commercial financial services. Headquartered
in Tupelo, Miss., BancorpSouth operates approximately 250
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: Chuck McIntosh, +1-662-620-4304, or Randy Burchfield,
+1-662-620-4302, both of BancorpSouth, Inc. Web site:
http://www.bancorpsouth.com/
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