TUPELO, Miss., Nov. 16, 2016 /PRNewswire/ -- BancorpSouth, Inc.
(NYSE: BXS), the parent company of BancorpSouth Bank (collectively
referred to as "BancorpSouth"), has announced the retirement of its
Senior Executive Vice President, Treasurer and Chief Financial
Officer, William L. "Bill" Prater effective as of March 10, 2017. BancorpSouth and Mr. Prater have
entered into a post-retirement consulting agreement outlining the
terms of Mr. Prater's planned early retirement. Mr. Prater intends
to serve BancorpSouth in his current roles through the completion
of BancorpSouth's 2016 audit.
The post-retirement consulting arrangement calls for Mr. Prater
to perform certain limited services in order to affect an orderly
transition of his duties to his successor. His early
retirement does not reflect any dispute or disagreement with
BancorpSouth or its management.
"We thank Bill for his contributions to BancorpSouth over the
past eight years, and we wish him well in his future endeavors,"
said Dan Rollins, BancorpSouth's
Chairman and Chief Executive Officer. "Bill's leadership
during the very difficult years after the financial crisis of 2008
has benefited our company and our shareholders."
BancorpSouth has commenced its process to identify a successor
to Mr. Prater.
About BancorpSouth, Inc.
BancorpSouth, Inc. is a
financial holding company headquartered in Tupelo, Mississippi, with $14.6 billion in assets. BancorpSouth Bank, a
wholly-owned subsidiary of BancorpSouth, Inc., operates 236 full
service branch locations as well additional mortgage, insurance,
and loan production offices in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee and Texas, including an insurance location in
Illinois. BancorpSouth is
committed to a culture of respect, diversity, and inclusion in both
its workplace and communities. To learn more, visit our Community
Commitment page at www.bancorpsouth.com. "Like" us on Facebook;
follow us on Twitter@MyBXS; or connect with us through
LinkedIn.
Forward-Looking Statements
Certain statements
contained in this news release may not be based upon historical
facts and are "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. These
forward-looking statements may be identified by their reference to
a future period or periods or by the use of forward-looking
terminology such as "anticipate," "believe," "could," "continue,"
"estimate," "expect," "foresee," "hope," "intend," "may," "might,"
"plan," "will," or "would" or future or conditional verb tenses and
variations or negatives of such terms. These forward-looking
statements include, without limitation, those relating to the
timing of Mr. Prater's retirement and Mr. Prater's continued
service to BancorpSouth through his retirement date; and other
statements contained in this news release that are not historical
facts.
BancorpSouth cautions readers not to place undue reliance on the
forward-looking statements contained in this news release, in that
actual results could differ materially from those indicated in such
forward-looking statements as a result of a variety of factors.
These factors may include, but are not limited to, the ability of
Bancorpsouth to identify and hire a successor to Mr. Prater prior
to his retirement date and other factors detailed from time to time
in BancorpSouth's press and news releases, reports and other
filings with the Securities and Exchange Commission.
Forward-looking statements speak only as of the date that they were
made, and, except as required by law, BancorpSouth does not
undertake any obligation to update or revise forward-looking
statements to reflect events or circumstances that occur after the
date of this news release.
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visit:http://www.prnewswire.com/news-releases/bancorpsouth-announces-retirement-of-chief-financial-officer-bill-prater-300363728.html
SOURCE BancorpSouth, Inc.