About 142 years ago, in the back of a hardware store in Verona, Mississippi, a new approach to banking was born – an approach built on longevity and the principle that neighbors should help neighbors. It was based on the idea that to better serve a customer is to understand what is right for them.
Raymond Trice and Company, a modest mercantile operation in Verona, Mississippi, receives a perpetual charter to set up a bank in its store.
Raymond Trice and Company moves its banking operations to nearby Tupelo and changes its name to Bank of Lee County, which later becomes the Bank of Tupelo.
Bank of Tupelo changes its name to Bank of Mississippi.
Bancorp of Mississippi, the holding company for Bank of Mississippi, is formed. The name later changes to BancorpSouth, Inc.
Bank of Mississippi merges with First Mississippi National Bank, becoming the state’s first statewide bank.
The Federal Interstate Banking Law passes, allowing BancorpSouth, Inc. to extend its reach into Tennessee through the purchase of Volunteer Bank of Jackson.
Bank of Mississippi officially changes its name to BancorpSouth, signaling an intention to expand to surrounding states.
BancorpSouth, Inc. purchases Alabama Bancorp, the holding company for Highland Bank in Birmingham, extending its presence to the state of Alabama.
BancorpSouth enters the property and casualty business with the acquisition of Stewart, Sneed, Hewes Insurance, a Southern Mississippi agency that was, at the time, the largest independent insurance agency in Mississippi.
BancorpSouth merges with First United Bancshares, entering Arkansas, Louisiana and Texas, and creating a $9 billion bank that ranks in the top 100 banking companies in America.
BancorpSouth and Pinnacle Bancshares of Little Rock, Arkansas, agree to merge.
BancorpSouth acquires Wright & Percy Insurance, the oldest and largest independent insurance agency in Louisiana, with locations in Baton Rouge, Shreveport, Lake Charles and Alexandria. In that same year BancorpSouth merges with Ramsey, Krug, Farrell and Lensing, one of the largest independent insurance agencies in Arkansas.
BancorpSouth merges with the Business Bank of Baton Rouge, Louisiana, and Premier Bank of Brentwood, Tennessee.
BancorpSouth acquires American State Bank of Jonesboro, Arkansas, adding 11 more branches to the growing system and cementing its footprint in northeast Arkansas.
BancorpSouth enters Florida with the opening of a branch in Destin. An insurance office was also opened in Mobile, Alabama.
2007 – 2012
BancorpSouth continues to expand with locations in new markets such as Springfield, Missouri; Broussard, Louisiana; New Albany, Mississippi; Spanish Fort and Brewton, Alabama; Hot Springs, Rogers and Jonesboro, Arkansas; and Nacogdoches, Texas.
2014 – 2016
BancorpSouth expands its Texas presence with locations in Dallas, Austin, Houston and Sugar Land. Locations were also added in Conway and Fayetteville, Arkansas; in Chattanooga, Tennessee; and in Lake Charles, Lafayette and Gonzales, Louisiana.
As part of its corporate entity restructuring, BancorpSouth, Inc. merged with and into its wholly-owned bank subsidiary, BancorpSouth Bank, and began to operate as BancorpSouth Bank.
BancorpSouth Insurance Services, Inc., a subsidiary of BancorpSouth Bank, officially changes its name to BXS Insurance.
BancorpSouth Bank acquires Ouachita Independent Bank in Louisiana and First State Bank of Central Texas and Icon Bank of Texas, National Association, both in Texas.
BancorpSouth acquires Grand Bank of Texas in Texas, Merchants Bank in Alabama, Summit Bank, National Association in Florida and Texas Star Bank in Texas.
BancorpSouth acquires Texas First State Bank, expanding its market presence in Waco, Texas and Killeen-Temple, Texas metropolitan statistical areas.