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FDIC approves BancorpSouth Bank's acquisition of Texas First Bancshares

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FDIC approves BancorpSouth Bank's acquisition of Texas First Bancshares

The Federal Deposit Insurance Corp. approved Tupelo, Miss.-based BancorpSouth Bank's proposed acquisition of Texas First Bancshares Inc.

The deal is expected to close Jan. 1, 2020. Upon completion of the deal, Texas First Chairman and CEO Rodney Kroll will become BancorpSouth Bank's chairman for the Waco, Texas, area.