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Credit cards

Study: Six in 10 millennials don’t have credit cards

Bankrate.com, an online publisher of personal finance news, said 63 percent of adults ages 18 to 29 don’t have credit cards, and only a minority who do have them pay off the entire balance every month, a new study shows. “Millennials may think they’re staying out of financial trouble by forgoing credit cards, but they’re […]

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Posted in Banking & Finance, National, Personal finance0 Comments

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BancorpSouth expands presence in southwest Louisiana

BancorpSouth is expanding its presence in southwest Louisiana with the opening of a loan production office in Lake Charles. The office, which provides commercial, real estate construction and residential mortgage lending, along with related banking services, has already generated some $15 million in new loans, the Tupelo-based bank said.More from BancorpSouth: BancorpSouth currently operates 22 full-service […]

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Posted in BancorpSouth, Banking & Finance, Business news, Tupelo0 Comments

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BancorpSouth pulls merger applications, expects to refile

BancorpSouth withdrew its applications to merge with two banks, but in a regulatory filing today said it expects to “subsequently refile.” Last month, the company said it needed additional time to complete its mergers with Ouachita Bancshares Corp. of West Monroe, Louisiana, and Central Community Corp. of Temple, Texas. BancorpSouth had announced the deals in […]

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Posted in BancorpSouth, Banking & Finance, Business news, Mergers & acquisitions, National, Tupelo0 Comments

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BancorpSouth mergers delayed until next year

BancorpSouth will have to wait until next year to complete its mergers with two banks. The company said Monday it needed additional time to complete its mergers with Ouachita Bancshares Corp. of West Monroe, Louisiana, and Central Community Corp. of Temple, Texas. BancorpSouth had announced the deals in January and had expected their completion by […]

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Posted in BancorpSouth, Banking & Finance, Business news, Mergers & acquisitions, Northeast Mississippi, Tupelo0 Comments

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Appeals court rules Stanford Financial victims can’t get compensation

Stanford Financial Group victims who lost more than  $7 billion in a fraudulent investment scheme cannot get compensation from a financial services corporation created to compensate victims of financial fraud. An appeals court judge in Washington, D.C. on Friday agreed with a district court’s earlier decision that victims of the Ponzi scheme could not get compensation […]

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Posted in Banking & Finance, Business news, International, National, Northeast Mississippi, Stanford Financial, Tupelo0 Comments

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BancorpSouth reorganizes senior management structure

Just announced by BancorpSouth – what it calls a “comprehensive management reorganization of the company’s senior management responsibilities and reporting structure.”  More from the Tupelo-based financial holding company: “The reorganization impacts the company’s entire senior management organization including its community bank system along with its mortgage, insurance, credit card services, wealth management and leasing and equipment financing […]

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Posted in BancorpSouth, Banking & Finance, Business news, National, Northeast Mississippi, Tupelo2 Comments

Chris Bagley

BancorpSouth taps new president and COO

Tupelo-based BancorpSouth Inc. 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 Aug. 15. Kelley has been BancorpSouth’s President and Chief Operating Officer since the company’s merger with First United Bancshares Inc. in 2000.  Before […]

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Posted in BancorpSouth, Banking & Finance, Business news, National, Northeast Mississippi, Tupelo0 Comments

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