Strength, Stability, Confidence
BancorpSouth has steadily and consistently served the needs of our customers for generations. Our conservative loan policy and strict operating standards guide every decision at BancorpSouth. Our job is to assist with your financial needs; as a federally-insured bank provide safeguards for your deposits; make responsible loans to help grow our communities, and give our shareholders a reasonable return for their investment. Through changing times and the economy’s ups and downs, we have managed our company to be a strong, consistently performing and fiscally conservative bank, responsive to the needs of our customers and the communities we serve.
BancorpSouth’s History
Since our founding in 1876, we have continuously served our customers and communities, even during times of economic hardships – The Great Depression, war, strikes and natural disasters. In the last 133 years we have grown from operating in a hardware store in Verona, MS to approximately 318 commercial banking, mortgage, insurance, trust and broker/dealer locations across eight states with approximately $13.2 billion in assets. BancorpSouth is a historically strong, well performing and conservative bank.
BancorpSouth’s Stability
On July 15, 2008, on its Web site, BusinessWeek “Focus Stock” quoted Standard and Poor’s Equity Research… “We consider BancorpSouth to be one of the strongest midcap financial institutions that we cover, based on historical, current and expected trends in lending profits, credit quality and fee-income growth. We believe this southeastern regional bank’s credit quality is near the top of the industry, and we think it will remain relatively high, because the company operates in an attractive service territory, in our view and has not engaged in high-risk lending practices or held similarly risky securities."
BancorpSouth has been profitable throughout its modern history, and we have increased the cash dividends we pay our shareholders each year for the past 25 years.
On September 23, 2008, BancorpSouth was added to the S&P MidCap 400 index, which is one of the most widely used stock market indices for mid-sized companies. It covers 7% of the U.S. equities markets and is comprised of companies that meet several areas of specific criteria including financial viability.
BancorpSouth is FDIC Insured
Standard FDIC Insurance Increased to $250,000.
The standard FDIC insurance amount was permanently increased to $250,000 per depositor in July 2010.
BancorpSouth is an FDIC insured bank as outlined in our brochure “Your Insured Deposits”, FDIC’s Guide to Deposit Insurance. There are also brochures and other tools available through FDIC’s website www.fdic.gov which customers may find useful. They include, but are not limited to:
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Insuring Your Deposits – Brochure
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The Edie Program – helps consumers to calculate all deposits at various institutions to determine overall coverage. http://www.fdic.gov/edie/
Notice of Changes in Temporary FDIC Insurance Coverage for Transaction Accounts.
All funds in "noninterest-bearing transaction accounts" and interest on lawyers trust accounts (IOLTA) are insured in full by the Federal Deposit Insurance Corporation from December 31,2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.
The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. Excluding IOLTAs, it does not include any other accounts such as traditional checking accounts or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
Helpful Links:
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BancorpSouth Press Release – S&P MidCap 400
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American Bankers Association -ABA Safety and Soundness page
Not a Deposit Ð No Bank Guarantee Ð Not insured by FDIC or other Government Agency
Not a Condition of any Bank Loan, Product or Service
