TUPELO, Miss., Jan. 16, 2018 /PRNewswire/ -- BancorpSouth Bank
(NYSE: BXS) welcomed Ouachita Independent Bank (OIB) in
Louisiana and First State Bank of
Central Texas (FSB) to its
eight-state company. Effective January 15,
2018, BancorpSouth completed the respective mergers with the
parent company of OIB, Ouachita Bancshares Corp. which is based in
Monroe, Louisiana, and with the
parent company of FSB, Central Community Corporation which is based
in Temple, Texas.
"We are pleased to welcome the teams at OIB and FSB to
BancorpSouth as we are like-minded bankers who are customer-focused
and community-oriented," said BancorpSouth Chairman and Chief
Executive Officer Dan Rollins. "The
strength and resources we bring to our newest partners will
generate mutual benefits."
At this time, customers should continue using their current
branches, checks, bank cards, online banking and other banking
services. Detailed communications will be provided to all OIB and
FSB customers prior to the system conversions.
"The opportunities ahead are exciting," said BancorpSouth
Northeast Louisiana Division President Kevin Koh, former OIB Chief Executive Officer.
"Our combined team of proven and experienced bankers will have
access to new products and services as well as a greater network of
branches to serve and benefit our customers. BancorpSouth's
commitment to supporting our communities provides additional
strength and the stronger we become, the better for everyone across
the entire organization."
"This merger will accelerate our growth in a strong Texas market, and that is good news for
everyone involved," said Don
Grobowsky, former FSB chairman and Chief Executive Officer
who now serves as BancorpSouth's Central Texas Area Chairman and a
member of the board of directors. "By joining a powerful regional
partner, we are excited about the new products and services we can
bring to our customers as well as the additional support we can
provide in the communities across our service area."
Rollins concluded, "We saw value in the people, the markets and
the futures of these two outstanding organizations, and we are
pleased to put our strength, resources and reputation behind good
people doing good work in serving their customers and their
communities."
About BancorpSouth Bank
BancorpSouth Bank (NYSE: BXS)
is headquartered in Tupelo,
Mississippi, with approximately $17
billion in assets. BancorpSouth operates 276 full-service
branch locations as well as additional mortgage, insurance and loan
production offices in Alabama,
Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee and Texas, including an insurance location in
Illinois. BancorpSouth is
committed to a culture of respect, diversity and inclusion in both
its workplace and communities. To learn more, visit our Community
Commitment page at www.bancorpsouth.com. Follow us on Facebook and
Twitter (@MyBXS); or connect with us through LinkedIn.
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SOURCE BancorpSouth Bank