BancorpSouth News

The city of Tupelo is positioned to take advantage of a new state law designed to generate revenue by offering incentives to create entertainment districts.

DURANT H.S. 33 RAY BROOKS 8 The Durant High School Tigers rolled over Ray Brooks to clinch their 2-1A championship and improve their record to 7-0 for the region and 10-1 overall for the season.

The Federal Home Loan Bank of Dallas and BancorpSouth awarded a $7,000 Homebuyer Equity Leverage Partnership grant to Vance Slagle, a first-time homebuyer in Tupelo, Mississippi.

Lacy Luckett has re-joined the firm as vice president of client services. A Delta native, she has a bachelor's degree in business administration with emphasis in marketing from Mississippi State University.

Sanderson Farms Inc., based in Laurel, has expanded its stock repurchase program to 1 million shares.

Shrinking loan portfolios and mounting charge-offs hammered two Mississippi banks that reported third-quarter earnings this week.

Regional banking company BancorpSouth Inc. posted a 24-percent drop in third-quarter earnings today, blaming the reduction partially on an increase in nonperforming assets.

The Mississippi Sports Hall of Fame today announced its 2010 induction class. The six-member class, which will be honored at the 48th annual BancorpSouth Mississippi Sports Hall of Fame Weekend July 30-31, 2010: Henry Armstrong : International Boxing Hall of Fame inductee; world champion in featherweight, lightweight and welterweight divisions; ...

First Tennessee Bank held on to its position as the largest bank in Memphis based on deposits although they continue to shrink, and Bank of America upended BancorpSouth from its long-held No.

Tupelo obstetrician Dr. C. K. White has been named to the Local Advisory Board of BancorpSouth in Tupelo.

But No. 2 Stephens Insurance, a sleepy little afterthought in the Stephens financial empire until Marty Rhodes was hired to run it almost five years ago, is closing the gap.

A local bank president on Wednesday said it will take about another two years for the nation's economy to fully recover from what economists are calling the Great Recession.

One of Tupelo's most endangered historic properties will soon be renovated thanks to resident and history buff Brad Prewitt.

The economy is beginning to see a small break in the clouds. Local banks are warm to the possibility of gobbling up other banks and failed rivals if government financial backing is part of the deal.

The state's August unemployment rate hit 10.8 percent last week, according to the Tennessee Department of Labor and Workforce Development.

Students at the University of Memphis check availability of tuition assistance. College students seeking loans for tuition this fall found the pool of bank sources a bit smaller.

Hitting rock bottom isn't ordinarily a good thing, but Aubrey Patterson, chairman and CEO of regional financial holding company BancorpSouth Inc., said he agrees with economists and homebuyers who suspect that's exactly where the financial crisis has hit.

Atlanta -- Delta Air Lines Inc. is considering making a cash infusion of a couple hundred million dollars to aid struggling Japan Airlines Corp., a person briefed on the talks said Friday.

More than 220 community members, customers and shareholders of BancorpSouth gathered at the Baker Pattillo Student Center Tuesday night to hear a briefing on the company's second quarter earnings and its comparison to the national banking industry, as well as the local industry in East Texas.

Top executives from the headquarters of BancorpSouth Corp. in Tupelo, Miss., buoyed shareholders in Little Rock with cautiously optimistic news of the company's position and a general dose of good humor Wednesday.