BancorpSouth, Cadence merger will add scale, recruiting power in Memphis
BancorpSouth shareholders will own roughly 55% and Cadence shareholders will own approximately 45% of the combined company.
There are 5 article(s) tagged BancorpSouth Bank:
BancorpSouth shareholders will own roughly 55% and Cadence shareholders will own approximately 45% of the combined company.
Federal Paycheck Protection Program and a flight to cash cited as reasons for dramatic increase in local bank deposits.
Banks could not give guidance on future quarters, given unknowns surrounding the coronavirus and its potential impact on the U.S. economy and consumers.
A slower rising interest-rate environment endorsed by the Federal Reserve has local banks making moves to adjust operations for upcoming quarters.
BancorpSouth Bank reported record fourth quarter of earnings and hit more than $18 billion in assets for the first time, helped in part by its merger with three other banking institutions in 2018.
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