DOCSLIB.ORG

One Mississippi Plaza 201 South Spring Street Tupelo, Mississippi 38804

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
One Mississippi Plaza 201 South Spring Street Tupelo, Mississippi 38804 One Mississippi Plaza 201 South Spring Street Tupelo, Mississippi 38804 March 22, 2016 TO THE SHAREHOLDERS OF BANCORPSOUTH, INC.: On Wednesday, April 27, 2016, at 9:00 a.m. (Central Time), the annual meeting of shareholders of BancorpSouth, Inc. will be held at the BancorpSouth Corporate Headquarters, Fourth Floor Board Room, One Mississippi Plaza, 201 South Spring Street, Tupelo, Mississippi 38804. You are cordially invited to attend and participate in the meeting. Please read our enclosed Annual Report to Shareholders and the attached Proxy Statement. They contain important information about BancorpSouth and the matters to be addressed at the annual meeting. Whether or not you plan to attend the annual meeting, I urge you to vote your proxy as soon as possible to assure your representation at the meeting. For your convenience, you can vote your proxy in one of the following ways: • Use the Internet at the website shown on your proxy card; • Use the telephone number shown on your proxy card; or • Complete, sign, date and return your proxy card in the postage-paid envelope provided. Instructions regarding each method of voting are contained in the attached Proxy Statement and on the enclosed proxy card. If you attend the annual meeting and desire to vote your shares personally rather than by proxy, you may withdraw your proxy at any time before it is exercised. I look forward to seeing you at this year’s annual meeting. Sincerely, JAMES D. ROLLINS III Chairman of the Board and Chief Executive Officer Enclosures: 1. Proxy Card and Business Reply Envelope 2. Annual Report to Shareholders YOUR VOTE IS VERY IMPORTANT. PLEASE VOTE YOUR PROXY PROMPTLY BY INTERNET, TELEPHONE OR BY COMPLETING, SIGNING, DATING AND RETURNING THE ENCLOSED PROXY CARD. One Mississippi Plaza 201 South Spring Street Tupelo, Mississippi 38804 NOTICE OF ANNUAL MEETING OF SHAREHOLDERS To Be Held April 27, 2016 TO THE SHAREHOLDERS OF BANCORPSOUTH, INC.: The annual meeting of shareholders of BancorpSouth, Inc. will be held on Wednesday, April 27, 2016, at 9:00 a.m. (Central Time) at the BancorpSouth Corporate Headquarters, Fourth Floor Board Room, One Mississippi Plaza, 201 South Spring Street, Tupelo, Mississippi 38804 for the following purposes: (1) To elect eight (8) directors; (2) To approve amended and restated articles of incorporation, which will (i) change the board size range, (ii) permit shareholder removal of a director without cause, (iii) conform the provision on limitation of director liability to the Mississippi Business Corporation Act, (iv) decrease the percentage of shareholders required to call, and reduce the quorum requirement for, special shareholders meetings, and (v) integrate into a single document all previous shareholder-approved amendments; (3) To approve a new article in our restated articles of incorporation, as amended, to designate the state or federal court of general jurisdiction in Lee County, Mississippi, as the exclusive forum for certain legal actions; and (4) To transact such other business as may properly come before the annual meeting or any adjournments or postponements thereof. The Board of Directors has fixed the close of business on March 8, 2016 as the record date for determining shareholders entitled to notice of and to vote at the meeting. By order of the Board of Directors, JAMES D. ROLLINS III Chairman of the Board and Chief Executive Officer March 22, 2016 IMPORTANT: WHETHER OR NOT YOU PLAN TO ATTEND THE ANNUAL MEETING IN PERSON, TO ASSURE THE PRESENCE OF A QUORUM, PLEASE VOTE YOUR PROXY PROMPTLY BY INTERNET, TELEPHONE OR BY COMPLETING, SIGNING, DATING AND RETURNING THE ENCLOSED PROXY CARD. IF YOU ATTEND THE ANNUAL MEETING AND WISH TO VOTE YOUR SHARES PERSONALLY, YOU MAY DO SO AT ANY TIME BEFORE THE PROXY IS EXERCISED. TABLE OF CONTENTS GENERAL INFORMATION ABOUT THE ANNUAL MEETING AND VOTING .................................................. 1 PROPOSAL 1: ELECTION OF DIRECTORS ............................................................................................................. 3 Introduction ............................................................................................................................................................... 3 Nominees ................................................................................................................................................................... 3 Continuing Directors ................................................................................................................................................. 5 Required Vote............................................................................................................................................................ 7 PROPOSAL 2: APPROVAL OF AMENDED AND RESTATED ARTICLES OF INCORPORATION, WHICH WILL (i) CHANGE THE BOARD SIZE RANGE, (ii) PERMIT SHAREHOLDER REMOVAL OF A DIRECTOR WITHOUT CAUSE, (iii) CONFORM THE PROVISION ON LIMITATION OF DIRECTOR LIABILITY TO THE MISSISSIPPI BUSINESS CORPORATION ACT, (iv) DECREASE THE PERCENTAGE OF SHAREHOLDERS REQUIRED TO CALL, AND REDUCE THE QUORUM REQUIREMENT FOR, SPECIAL SHAREHOLDERS MEETINGS, AND (v) INTEGRATE INTO A SINGLE DOCUMENT ALL PREVIOUS SHAREHOLDER-APPROVED AMENDMENTS .................................................. 8 Background for the Amendments .............................................................................................................................. 8 Background for Integration into a Single Document of All Prior Shareholder-Approved Amendments .................. 9 Proposed Articles ...................................................................................................................................................... 9 Unbundling with Proposal 3 .................................................................................................................................... 10 Required Vote.......................................................................................................................................................... 10 PROPOSAL 3: APPROVAL OF A NEW ARTICLE IN OUR RESTATED ARTICLES OF INCORPORATION, AS AMENDED, TO DESIGNATE THE STATE OR FEDERAL COURT OF GENERAL JURISDICTION IN LEE COUNTY, MISSISSIPPI, AS THE EXCLUSIVE FORUM FOR CERTAIN LEGAL ACTIONS.................................................................................................................................................................... 11 Required Vote.......................................................................................................................................................... 12 Unbundling with Proposal 2 .................................................................................................................................... 12 CORPORATE GOVERNANCE ................................................................................................................................. 13 Director Attendance at Board, Committee and Annual Meetings ........................................................................... 13 Committees of the Board of Directors ..................................................................................................................... 13 Communications with the Board of Directors ......................................................................................................... 15 Governance Information .......................................................................................................................................... 15 Director Independence............................................................................................................................................. 15 Director Qualification Standards ............................................................................................................................. 16 Board Leadership Structure ..................................................................................................................................... 16 Executive Sessions .................................................................................................................................................. 17 Stock Ownership Guidelines ................................................................................................................................... 17 Risk Oversight ......................................................................................................................................................... 17 Compensation Committee Interlocks and Insider Participation .............................................................................. 18 SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT ................................ 20 COMPENSATION DISCUSSION AND ANALYSIS ............................................................................................... 22 Executive Summary ................................................................................................................................................ 22 Compensation Overview ......................................................................................................................................... 22 Compensation Policy ............................................................................................................................................... 23 Compensation Process............................................................................................................................................
Load more

Recommended publications
  • 2020 Environmental, Social & Governance Report
    2020 ENVIRONMENTAL, SOCIAL & GOVERNANCE REPORT 2020 Environmental, Social & Governance Report LETTER FROM CHAIRMAN & CEO I’m pleased to share BancorpSouth’s annual Environmental, Social and Governance (ESG) Report, highlighting our ESG performance improvements for 2020. Despite it being a difficult year for our nation due to the COVID-19 pandemic, our company was able to navigate through the challenging environment, thanks to our teammates’ and board of directors’ significant contributions. Our focus on achieving our corporate mission guided our response to the crisis, just as it has always guided our approach to delivering value to our key stakeholders—our customers, teammates, communities and shareholders. We took every opportunity to go the extra mile to grow and deepen customer relationships, deliver the best products and services, treat people fairly and provide exceptional experiences. We supported our communities by providing financial education and economic development and making a difference for the people around us. Our teammates served as our greatest asset. We continued our commitment to developing their skills and cultivating a diverse and inclusive workplace where everyone respects others, values different ideas and viewpoints, encourages each other to thrive and collaborates to produce extraordinary results. Also, we invested in new technologies to support our growth, introduced new products and services to enhance the customer experience and made strides to manage expenses and improve efficiencies and processes. This report shows the result of our efforts and provides a deeper view into how we are taking steps to sustain our company well into the future. Thank you for taking the time to review our progress and for your continued trust in BancorpSouth.
    [Show full text]
  • Bancorpsouth Inc., Tupelo, MS, Announces Transition of Duties As
    November 24, 2014 www.bankersdigest.com Volume 145, No. 20 BancorpSouth Inc., Tupelo, MS, Announces Dallas Fed CEO Fisher Transition of Duties as Lewis Plans to Retire To Retire March 2015 BancorpSouth Inc., Tupelo, MS, re- committee. Threadgill will assume re- Richard W. Fisher, president/CEO cently announced the retirement of sponsibility for all business develop- of the Federal Reserve Bank of Dal- BancorpSouth ment. las and one of Senior Executive Lewis’ manage- the nation’s most Vice President ment responsi- outspoken central Gordon Lewis, ef- bilities will be dis- bankers, has offi- fective December tributed among cially announced 12, 2014. Lewis several Bancorp- his retirement on currently reports South executives. March 19, 2015, to President/COO Tommy Darnell, after a decade in Chris Bagley with executive vice the position. Threadgill Darnell Fisher The Dallas Fed senior manage- president and has already begun ment responsibil- chief sales officer, the search for Fisher’s replacement. ities for business development. will be relocating to Tupelo from Jack- Fisher, age 65, is one of two cur- Bagley will coordinate Lewis’ re- son to assume new responsibility for rent Fed “hawks” (worry more about sponsibilities during the transition the community bank system’s retail inflation) who will retire in 2015. He with James Threadgill, senior execu- and commercial loan, deposit, and fee has been swimming against the cur- tive vice president and chief business income production. He has been serv- rent for some time in his struggle to development officer and a member of ing as division president for the Jack- engage the tide of TBTF thinking and the company’s executive management son/Hinds County market Q the Fed’s loose monetary policies.
    [Show full text]
  • Branches Opened and Closed Report 2016, 2017 and January - March 2018
    Branches Opened and Closed Report 2016, 2017 and January - March 2018 MSA State County County Census Tract Assessment Area Branch Name Address City ST Zip Date of Action Action Special Comments Code Code Code Name Tract Income Arkansas State Non MSA Camden East 518 Hwy 274 Camden AR 71701 1/7/2016 99999 5 103 Ouachita 9501 Middle Closed Closed Jackson MS MSA Jackson Medical Center 2710 North State St Jackson MS 39216 2/5/2016 27140 28 49 Hinds 13 Middle Relocated-Closed Relocated to 2720 North State Street (Rebuild) Jackson MS MSA Jackson Medical Center 2720 North State St Jackson MS 39216 2/5/2016 27140 28 49 Hinds 13 Middle Relocated-Opened Relocated from 2710 North State Street (Rebuild of original branch) Jackson TN MSA Jackson Hamilton Hills 610 Old Hickory Blvd Jackson TN 38305 2/25/2016 27180 47 113 Madison 2 Moderate Closed Closed Arkansas State Non MSA Wilson 55 Park St Wilson AR 72395 6/23/2016 99999 5 93 Mississippi 112 Middle Consolidated Consolidated into 749 Keiser St Osceola AR 72370 Arkansas State Non MSA El Dorado West 420 S Bradley Ave El Dorado AR 71730 8/18/2016 99999 5 139 Union 9508 Upper Consolidated Consolidated into 101 West Main St El Dorado AR Arkansas State Non MSA Hope Hervey 100 North Hervey St Hope AR 71801 9/8/2016 99999 5 57 Hempstead 4805 Moderate Consolidated Consolidated into 200 S Elm St Hope AR Monroe LA MSA Monroe Sterlington 5000 Forsythe Bypass Monroe LA 71201 9/12/2016 33740 22 073 Ouachita 103.01 Upper Relocated-Closed Relocated - closed - new address is 4094 Sterlington Rd Monroe LA MSA Monroe
    [Show full text]
  • Koh Named President of New Louisiana Region for Bancorpsouth
    JANUARY 14, 2019 | VOLUME 154, NUMBER 2 | BANKERSDIGEST.COM ARKANSAS Hicks Hired as Chief Credit Officer TEXAS for Chambers Bank in Northwest Arkansas American Bank Names MATT HICKS has joined Danville-based Parent Scholarship Fund of Northwest Raffaele CEO; Scanio Tapped Chambers Bank as chief credit officer. Arkansas and was recognized as the Ar- as President of American He has more than 14 years of experi- kansas Single Parent Scholarship Fund ence in the financial Volunteer of the Month in March 2018. Bank Holding Corp. services industry, He is a former board member of the Corpus Christi-based American Bank NA most recently Children’s Safety Center and Students in announced that STEPHEN C. RAFFAELE is serving as commer- Free Enterprise (now Enactus) at North- chief executive officer effective January cial lender and west Arkansas Community College, as 1, as outlined in the Fayetteville market well as Northwest Arkansas Emerging bank’s CEO transi- leader for First Leaders. tion plan issued last National Bank NWA. “Northwest Arkansas continues to June. He will also Hicks began his be an important part of our growth HICKS continue as presi- banking career in strategy for Chambers Bank,” says MIKE dent of the bank. In 2004 in retail operations at Liberty Bank, DONNELL, president. addition, RICHARD eventually leading the loan administra- Hicks is a graduate of Arkansas SCANIO has been tion department there. He also served State University and also holds an MBA tapped as president RAFFAELE as Benton County market president for degree from Harding University. In of the bank’s holding Centennial Bank and as the Northwest addition, he is a graduate of Leadership company, American Arkansas commercial loan market man- Fayetteville.
    [Show full text]
  • RILEY, CALDWELL, CORK & Alvls
    '. -- RILEY,CALDWELL, CORK & ALvls ATTORNEYS AT LAW A PROFESSIONAL ASSOCIATION . FRANKA RILEY TUPELO OFFICE - PAT CALDW ELL . 207COURTSTREFT r' STEVENE CORK , TUPELO, MISSISSIPPI 38804 LESALVIS I POST OFFICE BOX 1836 J DAVIDHALL TUPELO, MISSISSIPPI 38802-1836 CHRISTE R HARRIS-LEECH (662)842-8945 - FAX (662)842-9032 OF COUNSEL \ 0 JACKSON OFFICE E IAKETOLBERT 525 EAST CAPITOL STREET, SUITE 405 DAVIDR SPARKS - BANCORPSOUTH BUILDING POST OFFICE BOX 22491 JACKSON, MISSISSIPPI 39225-2491 (601) 352-2092 FAX (601) 352-2095 December 2 1,2005 .- I Via UPS Next Day Air - Ms. Christine C. Gallagher, Esquire Federal Election Commission Office of the General Counsel U 999 E Street, N. W. -.. Washington, DC 20463 Re: MUR 5685; BancorpSouth Bank -. Dear Ms. Gallagher: Consistent with your meeting on Friday, December 16,2005, with Mr. Reiff and Mr. Hershkowitz, I understand a letter prepared by Pat Caldwell,'General Counsel for BancorpSouth, ' was furnished to you and/or your office. Additionally, enclosed is BaricorpSouth Bank's response is the Asdavit of David Adcock'with Mi. Caldwell's letter as an Exhibit. , We look forward to working with you regarding this-matterwith hopes ,the enclosed resolves any questions the Commission has related to BancorpSouth Bank. If thqe are additional - a issues, please contact me at the above.listedtelephone number.' With kindest regards, I am J. Sincerely, ' Enclosures \ cc: BancorpSouth Bank I. I t STATE COUNTY OF LEE PERSONALLY APPEARED BEFORE ME, the undersigned authority in and for the jurisdiction aforesaid, DAVID ADCOCK, who having first been duly sworn by me, stated on his oath as follows: (1) My name is David Adcock.
    [Show full text]
  • Employee Benefits Resources
    - Employee Benefits Resources - COVID-19 Updated 9/17/2020 Legislative Updates ● BXS Insurance Benefits Brief: Federal Court Invalidates Certain Parts of FFCRA’s Final Regulations ● BXS Insurance Benefits Brief: Patient-Centered Outcomes Research Institute (PCORI) Filing and Fee Due to IRS by July 31, 2020 ● BXS Insurance Benefits Brief: IRS to Allow Mid-Year Cafeteria Plan Changes in Light of COVID-19 ● BXS Insurance Benefits Brief: COVID-19 Relief for Group Health Plans ● BXS Insurance Legislative Brief: The CARES Act ● BXS Insurance Benefits Brief: Families First Coronavirus Response Act UPDATED ​ ​ 4/01/20 ● BXS Insurance Benefits Brief: Top Issues for Employers and Health Plans PLEASE NOTE: These PDFs may be slow to download. Department of Labor (DOL) ● DOL Fact Sheet FFCRA (ER Paid Leave Requirements) (July 2020) ● DOL ACA FAQs Part 44 (CARES Act-FFCRA) ©2020 BancorpSouth. All rights reserved. Member FDIC. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Insurance and investment products are: Not a Deposit | Not Bank Guaranteed | Not insured by FDIC or other Government Agency | ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Not a Condition of any Bank Loan, Product, or Service | May go down in value. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Neither BXSI nor its employees provide legal advice to BXSI clients. We recommend that you consult your legal advisor before making any business-related legal decisions. ● New DOL Poster: If you are an employer subject to the Families First Coronavirus Response Act (FFCRA), you will be required to provide employees with Emergency Paid Sick Leave and Emergency Family and Medical Leave for certain qualifying reasons related to COVID-19. The Act takes effect on April 1, 2020. Employers are required to post a FFCRA poster to notify their employees of leave available under the FFCRA.
    [Show full text]
  • Branches Opened and Closed 1.Xlsx
    Branches Opened and Closed Report 2017, 2018 and January 1 - April 1, 2019 MSA State County Tract Rated Area Assessment Area Branch Name Address City ST Zip Action Date Code Code Code County Name Census Tract Income Action Special Comments Relocated - closed - new address is Missouri St. Louis, MO MSA Clayton 100 S Brentwood Blvd, Suite 100 Clayton MO 63105 1/30/2017 41180 29 189 St. Louis 2165.00 Upper Relocated-Closed 8235 Forsythe Blvd Suite 100 Relocated - opened- previous address Missouri St. Louis, MO MSA Clayton 8235 Forsythe Blvd Suite 100 Clayton MO 63105 1/30/2017 41180 29 189 St. Louis 2165.00 Upper Relocated-Opened was 100 S Brentwood Blvd First State Bank (FSB) Central Texas Texas Austin-Round Rock, TX MSA Elgin 207 North Main Street Elgin TX 78621 1/15/2018 12420 48 021 Bastrop 9502.00 Middle Opened Merger First State Bank (FSB) Central Texas Texas Austin-Round Rock, TX MSA Buda 1115A Main Street Buda TX 78610 1/15/2018 12420 48 209 Hays 0109.02 Middle Opened Merger 6500 North MoPac Expressway, Bldg 1, First State Bank (FSB) Central Texas Texas Austin-Round Rock, TX MSA Austin Expressway Suite 1101 Austin TX 78731 1/15/2018 12420 48 453 Travis 0017.18 Upper Opened Merger First State Bank (FSB) Central Texas Texas Austin-Round Rock, TX MSA Austin Monterey Oaks 5501-A Hwy 290 W Austin TX 78735 1/15/2018 12420 48 453 Travis 0017.49 Middle Opened Merger First State Bank (FSB) Central Texas Texas Austin-Round Rock, TX MSA Austin Parmer Lane 3951 Parmer Lane Austin TX 78727 1/15/2018 12420 48 453 Travis 0018.28 Upper Opened Merger
    [Show full text]
  • List of Branches, Atms and Lpos for Public File 4.1.20.Xlsx
    List of Branches MSA State County Census Tract Branch Service ATM State or Interstate MSA Assessment Area Branch Name Address City ST Zip County Code Code Code Tract Income Type Onsite Lobby Hours Drive-Thru Hours M-Th 9:00 AM-4:00 PM, F M-TH 9:00 AM-4:00 PM, F 9:00 Alabama Alabama State Non-MSA Greenville 1028 Fort Dale Road Greenville AL 36037 Butler 99999 1 13 9527.00 Middle Lobby/Drive-Thru Yes 9:00 AM-5:00 PM AM-5:00 PM Alabama Alabama State Non-MSA Jackson AL 1901 College Avenue Jackson AL 36545 Clarke 99999 1 25 9579.01 Middle Lobby/Drive-Thru Yes M-F 9:00 AM-5:00 PM M-F 8:30 AM-5:00 PM Alabama Alabama State Non-MSA Grove Hill 103 Main Street Grove Hill AL 36451 Clarke 99999 1 25 9578.00 Middle Lobby/Drive-Thru Yes M-F 9:00 AM-5:00 PM M-F 8:30 AM-5:00 PM Alabama Alabama State Non-MSA Thomasville 33440 Highway 43 Thomasville AL 36784 Clarke 99999 1 25 9576.02 Middle Lobby/Drive-Thru Yes M-F 9:00 AM-5:00 PM M-F 8:30 AM-5:00 PM M-Th 8:30 AM-4:00 PM, F 8:30 M-Th 9:00 AM-4:00 PM, F AM-6:00 PM, S 8:30 AM-12:00 Alabama Alabama State Non-MSA Guntersville 1301 Gunter Avenue Guntersville AL 35976 Marshall 99999 1 95 0307.01 Upper Lobby/Drive-Thru Yes 9:00 AM-6:00 PM PM M-Th 8:30 AM-4:00 PM, F 8:30 M-Th 9:00 AM-4:00 PM, F AM-6:00 PM, S 8:00 AM-12:00 Alabama Alabama State Non-MSA Albertville 7100 US Highway 431 Albertville AL 35950 Marshall 99999 1 95 0308.01 Middle Lobby/Drive-Thru Yes 9:00 AM-6:00 PM PM M-Th 9:00 AM-4:00 PM, F M-Th 8:30 AM-4:00 PM, F 8:30 Alabama Alabama State Non-MSA Boaz 2333 US Highway 431 Boaz AL 35957 Marshall 99999
    [Show full text]
  • News Release
    News Release Contact: William L. Prater Will Fisackerly Treasurer and Senior Vice President and Chief Financial Officer Director of Corporate Finance 662/680-2536 662/680-2475 Media Contact: Randy Burchfield 662/680-4920 BANCORPSOUTH, INC. TO MERGE WITH OUACHITA BANCSHARES CORP., MONROE, LOUISIANA TUPELO, MS, January 8, 2014 -- BancorpSouth, Inc. (NYSE: BXS) the parent company of BancorpSouth Bank, (collectively referred to as “BancorpSouth”) announced today the signing of a definitive merger agreement with Ouachita Bancshares Corp. and its wholly owned subsidiary, Ouachita Independent Bank (collectively referred to as “OIB”) headquartered in Monroe, Louisiana, whereby Ouachita Bancshares Corp. will be merged with and into BancorpSouth, Inc. Ouachita Independent Bank operates twelve (12) full-service banking offices; six (6) in the Monroe-West Monroe, Louisiana area, four (4) in the Shreveport-Bossier City, Louisiana area, and two (2) in the Bastrop, Louisiana area. Additionally, OIB currently operates loan production offices in Madison, Mississippi and Natchitoches, Louisiana. As of December 31, 2013 (unaudited), OIB, on a consolidated basis, reported total assets of $652.5 million, total loans of $477.8 million and total deposits of $549.7 million. Under the terms of the definitive agreement, BancorpSouth will issue a maximum of 3,675,000 shares of BancorpSouth common stock plus $22.875 million in cash for all outstanding shares of Ouachita Bancshares Corp. capital stock, subject to certain conditions and potential adjustments. The terms of the agreement provide for a collar with respect to the total deal value ranging from $99 million to $112 million. If necessary, the share count will be adjusted downward or the cash consideration adjusted upward to accommodate the respective boundaries of the collar.
    [Show full text]
  • Chris Bagley Named Bancorpsouth President and Chief Operating Officer Replaces Retiring President and COO Jim Kelley
    NEWS RELEASE For Immediate Release Contact: Randy Burchfield Senior Vice President Corporate Communications [email protected] 662/620-4920 Chris Bagley Named BancorpSouth President and Chief Operating Officer Replaces Retiring President and COO Jim Kelley TUPELO, MS– June 25, 2014/PR Newswire – The Board of Directors of BancorpSouth, Inc. (NYSE: BXS) has selected Chris A. Bagley as the next President and Chief Operating Officer of BancorpSouth Inc. and BancorpSouth Bank. Bagley will succeed James V. Kelley upon his previously announced retirement on August 15, 2014. Kelley has served as BancorpSouth’s President and Chief Operating Officer since the Company’s merger with First United Bancshares, Inc. in 2000. Prior to the merger, Kelley served as Chairman, President and Chief Executive Officer of First United Bancshares in El Dorado, Arkansas. Chris Bagley, who joined BancorpSouth earlier this year as an Executive Vice President, was previously a named executive officer and Chief Credit Officer of Prosperity Bancshares, Inc. in Houston, Texas. “Chris provides proven leadership and broad-based banking experience to our Company in his new role as President and Chief Operating Officer,” commented BancorpSouth Chairman and CEO Dan Rollins. “Chris and Jim Kelley are working together to assure a seamless transition with Jim’s pending retirement in August. We appreciate Jim’s 14 years of dedicated service and leadership to BancorpSouth, and acknowledge his many contributions to our success. We wish him well in his retirement.” Chris Bagley has over 31 years of experience in commercial banking. He has served as a named executive officer at a publicly traded financial holding company, where he served on the 7 person executive committee which directed and oversaw all bank lending and operations.
    [Show full text]
  • News Release
    NEWS RELEASE For Immediate Release Contact Randy Burchfield Senior Vice President [email protected] 662/620-4136 BancorpSouth Bank Opens Lake Charles, Louisiana Banking Office Veteran banking team leads BancorpSouth’s Lake Charles market entry Southwest Louisiana expansion supports Company’s strategic growth strategy Loan production office provides range of commercial products and services TUPELO, MS., August 21, 2014 – BancorpSouth Bank, subsidiary of BancorpSouth, Inc. (NYSE: BXS), has opened a loan production office in Lake Charles, Louisiana, expanding the Bank’s footprint in Southwest Louisiana. BancorpSouth’s Lake Charles office is located at 4660 Lake Street and provides commercial, real estate construction, and residential mortgage lending, together with a range of related banking services. Russell Pawlowski, President of BancorpSouth’s Lake Charles market, is a veteran commercial banker having served as a commercial loan officer in the Lake Charles office of a national financial services company, and most recently as a commercial banker for a local Lake Charles bank. Don Morris, First Vice President, is a Lake Charles native and a McNeese State University alumnus. He began his banking career in Houston, Texas, and most recently served with a national financial services company in Lake Charles. Tammy Murchison, senior loan administration assistant, is also a Lake Charles native and a graduate of Sowela Technical Community College, having previously served with two other Southwest Louisiana banks. BancorpSouth Chairman and Chief Executive Officer Dan Rollins, commenting on the efforts of the Lake Charles staff, said, “Russell Pawlowski, Don Morris, and Tammy Murchison are already off to a great start closing more than $15 million in new loans, with additional transactions approved pending closing.” Chris Bagley, BancorpSouth President and Chief Operating Officer, added, “BancorpSouth’s Lake Charles teammates are relationship bankers who are passionate about serving their clients and assisting with all of their financial needs.
    [Show full text]
  • PROXY STATEMENT/OFFERING CIRCULAR to the Shareholders Of
    PROXY STATEMENT/OFFERING CIRCULAR To the shareholders of BancorpSouth Bank and Cadence Bancorporation MERGER PROPOSED—YOUR VOTE IS VERY IMPORTANT On April 12, 2021, BancorpSouth Bank (‘‘BancorpSouth’’) and Cadence Bancorporation (‘‘Cadence’’) entered into an Agreement and Plan of Merger, which was amended as of May 27, 2021 (as further amended from time to time, the ‘‘merger agreement’’), pursuant to which BancorpSouth and Cadence have agreed to combine their respective businesses in a merger. Under the merger agreement, Cadence will merge with and into BancorpSouth (the ‘‘merger’’), with BancorpSouth as the surviving entity. Following the completion of the merger, Cadence Bank, N.A., a subsidiary of Cadence, will merge with and into BancorpSouth (the ‘‘bank merger’’), with BancorpSouth as the surviving entity (the ‘‘combined company’’ or the ‘‘surviving entity,’’ as the case may be). The merger will bring together two companies with complementary franchises to create the fifth largest bank with headquarters in the combined nine-state footprint. In the merger, holders of Cadence common stock will have the right to receive 0.70 shares (the ‘‘exchange ratio’’ and such shares, the ‘‘merger consideration’’) of BancorpSouth common stock for each share of Cadence common stock they own. In addition, prior to the effective time of the merger and in connection with the closing, Cadence will declare and pay a special cash dividend of $1.25 per share of Cadence common stock (the ‘‘special dividend’’) to holders of record of shares of Cadence common
    [Show full text]