trending Market Intelligence /marketintelligence/en/news-insights/trending/Q_C4bJpKHYy2ytvvwq8KXQ2 content esgSubNav
In This List

FDIC OKs BancorpSouth Bank's proposed mergers

Blog

Insight Weekly: Fed's policy stance; overdrafts under scrutiny; energy stocks rally

Case Study

A Chinese Bank Strengthens its Credit Risk Assessments

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on LGD

BLOG

Banking Essentials Newsletter: June Edition


FDIC OKs BancorpSouth Bank's proposed mergers

Tupelo, Miss.-based BancorpSouth Bank received regulatory approvals from the Federal Deposit Insurance Corp. to complete its proposed mergers with Summit Financial Enterprises Inc. and with Van Alstyne Financial Corp.

The transactions are expected to close Sept. 1.

Panama City, Fla.-based Summit Financial Enterprises is the parent company of Summit Bank NA, while Van Alstyne, Texas-based Van Alstyne Financial is the parent company of Texas Star Bank.

Andrew Stein, president and CEO of Summit Financial Enterprises and Summit Bank, will serve as president of BancorpSouth Bank's Northwest Florida division upon the completion of BancorpSouth Bank's deal with Summit Financial Enterprises and Summit Bank. Randle Jones, president of Texas Star Bank, will serve as BancorpSouth Bank's market president for Grayson County, Texas, upon completion of the deal with Van Alstyne Financial and unit Texas Star Bank.