Last $20.84 USD
Change Today -0.74 / -3.43%
Volume 716.6K
BXS On Other Exchanges
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Frankfurt
As of 8:04 PM 01/23/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

One Mississippi Plaza

201 South Spring Street

Tupelo, MS 38804

United States

Phone: 662-680-2000

Fax:

BancorpSouth, Inc. operates as the holding company for BancorpSouth Bank that provides commercial banking and financial services to individuals and small-to-medium size businesses. The bank has its principal office in Tupelo, Lee County, Mississippi, and conducts a general commercial banking, trust, and insurance business through 290 offices in Mississippi, Tennessee, Alabama, Arkansas, Texas, Louisiana, Florida, Missouri, and Illinois. The company operates investment services and insurance agency subsidiaries, which engage in investment brokerage services and the sale of other insurance products. The company’s trust department offers various services, including personal trust and estate services; certain employee benefit accounts and plans, including individual retirement accounts; and limited corporate trust functions. Lending Activities The company’s lending activities include both commercial and consumer loans. Commercial Lending: The company offers various commercial loan services, including term loans, lines of credit, equipment and receivable financing and agricultural loans. A range of short-to-medium term commercial loans, both secured and unsecured, are made available to businesses for working capital (including inventory and receivables), business expansion (including acquisition and development of real estate and improvements), and the purchase of equipment and machinery. The company also makes construction loans to real estate developers for the acquisition, development, and construction of residential subdivisions. Residential Consumer Lending: A portion of the company’s lending activities consists of the origination of fixed and adjustable rate residential mortgage loans secured by owner-occupied property located in the company’s primary market areas. In addition, it offers construction loans, second mortgage loans, and home equity lines of credit. The company finances the construction of individual, owner-occupied houses on the basis of written underwriting and construction loan management guidelines. First mortgage construction loans are made to qualified individual borrowers and are supported by a take-out commitment from a permanent lender. The company makes residential construction loans to individuals who intend to erect owner-occupied housing on a purchased parcel of real estate. In various cases, the company sells its mortgage loans with terms of 15 years or more in the secondary market and either retains or releases the right to service those loans. Non-Residential Consumer Lending: Non-residential consumer loans made by the company include loans for automobiles, recreation vehicles, boats, personal (secured and unsecured) and deposit account secured loans. The company also issues credit cards solicited on the basis of applications received through referrals from the company’s branches and other marketing efforts. Credit card lines are underwritten using conservative credit criteria, including past credit history and debt-to-income ratios, similar to the credit policies applicable to other personal consumer loans. Other Financial Services The company’s insurance service subsidiary serves as an agent in the sale of title insurance, commercial lines of insurance, and a line of property and casualty, life, health and employee benefits products and services, as well as operates in Mississippi, Tennessee, Alabama, Arkansas, Texas, Louisiana, Missouri, and Illinois. The company’s investment services subsidiary provides brokerage, investment advisory, and asset management services, as well as operates in certain communities in Mississippi, Tennessee, Alabama, Arkansas, Louisiana, Texas, Florida, and Missouri. Investment Portfolio As of December 31, 2013, the company’s investment portfolio included U.S. government agency securities; government agency issued residential mortgage-backed securities; government agency issued commercial mortgage-backed securities; taxable obligations of states and political subdivisions; tax-exempt obligations of states and political subdivisions; and other securities. Deposits As of December 31, 2013, the company’s deposit products inc

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