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Before the reorganization, BancorpSouth, Inc. was regulated by the Federal Reserve as a bank holding company. [10] In April 2018, the bank acquired Icon Capital Corporation and its wholly owned subsidiary Icon Bank of Texas, National Association of Houston, Texas, for 4,125,000 shares of BancorpSouth's common stock plus $17.5 million in cash. [11]
Cadence Bank was founded as the First National Bank of Aberdeen, on April 30, 1887.In 1972, it changed its name to the First National Bank of Monroe County in 1972. In March 1974, it merged with Peoples Bank in Starkville, Mississippi, becoming the National Bank of Mississippi in May of that year.
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Apr. 8—TUPELO — BancorpSouth Bank has received regulatory approval from the Federal Deposit Insurance Corp. to complete its proposed mergers with National United Bancshares Inc., the parent ...
BancorpSouth (BXS) continues to undertake strategic acquisitions on the back of its strong balance sheet position with a view to fortify its footprint in various areas.
Year merger closed Acquirer Acquired bank Merged entity Transaction value Ultimate successor 1900 [1]: North American Trust Company: International Banking and Trust Company
The Federal Deposit Insurance Corporation (FDIC) may assume deposits of banks or allow other banks to assume them. The largest banks to be acquired have been the Merrill Lynch acquisition by Bank of America, the Bear Stearns and Washington Mutual acquisitions by JPMorgan Chase, and the Countrywide Financial acquisition also by Bank of America.
What: Shares of Mississippi-based BancorpSouth (NYS: Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case ...