Real Estate

Opens Loan Production Office in Alexandria

TUPELO, Miss., June 6 /PRNewswire-FirstCall/ — BancorpSouth, Inc.
(NYSE: BXS) today announced its expansion in the attractive growth market
of Alexandria, Louisiana through the opening of a loan production office.
The office, which will be located at 3504 Parliament Drive, will focus on
commercial lending, real estate construction and residential mortgage
lending. Consistent with BancorpSouth’s expansion strategy, the Company
expects to seek regulatory approval to provide full-service banking
operations at the appropriate time, including a comprehensive array of
integrated retail and commercial financial products and services.

Aubrey B. Patterson, BancorpSouth Chairman and Chief Executive Officer,
remarked, “Today’s announcement reflects a continuation of one of
BancorpSouth’s central long-term growth strategies, that of expanding our
market share within our eight-state mid-south franchise by entering new
markets with attractive growth dynamics. A key aspect of this strategy is
to enter the Alexandria market with experienced management who understand
and embrace our style of community bank customer service, backed by
sophisticated financial product and service capabilities. We are confident
we are so positioned in Alexandria, and we will continue to evaluate
additional plans for future expansion in attractive markets within or
contiguous to our current eight-state footprint.”

Lester Lucy, President of BancorpSouth’s Texas-Louisiana Region, added,
“Alexandria is one of the most appealing markets in our area, with a highly
educated workforce and outstanding job growth in the private sector. We’re
proud of our involvement in this vibrant market. Eugene Scriber, our
president in Alexandria, has a strong financial background in this
community. We are fortunate to have him leading our Alexandria team, which
includes Tracy Alletag, senior vice president, and Corey Lair, vice
president, both with tenure in the Alexandria market.”

BancorpSouth, Inc. is a financial holding company headquartered in
Tupelo, Mississippi with approximately $13.2 billion in assets.
BancorpSouth Bank, a wholly-owned subsidiary of BancorpSouth, Inc.,
operates approximately 300 commercial banking, insurance, trust and
broker/dealer locations in Alabama, Arkansas, Florida, Louisiana,
Mississippi, Missouri, Tennessee and Texas.

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[Via Real Estate Newswire]