TUPELO, Miss., May 28, 2015 /PRNewswire/ -- Officials of
BancorpSouth, Inc. (NYSE: BXS) have announced the Company's banking
subsidiary, BancorpSouth Bank, has received the America Saves
Designation of Savings Excellence for Banks, a new designation from
America Saves that recognizes banks and credit unions that went
above and beyond to encourage people to save money during America
Saves Week. This is the first year America Saves has offered the
Designation.
The America Saves Selection Committee, in selecting BancorpSouth
for the Designation, was particularly impressed with the number of
new savings accounts opened by BancorpSouth, the amount of the
deposits made, and the number of automatic savings
deposits. Dan Rollins, BancorpSouth Chairman and CEO, in
commenting on the Designation said, "BancorpSouth is honored to be
one of only 19 banks and credit unions in the country to receive
this prestigious recognition. BancorpSouth bankers across our
footprint worked numerous hours in conducting savings related
financial education programs and distributing materials. Savings is
a vital part of a healthy financial life. BancorpSouth hopes our
financial education programs conducted during America Saves Week in
February encourage individuals to start savings accounts or add to
the accounts they already have opened."
BancorpSouth and the other recipients of the Designation were
recognized at the America Saves National Savings Forum and received
a Designation of Savings Excellence seal for their website along
with a plaque. Recipients were chosen by two selection committees,
one for banks and another for credit unions. The committees
reviewed the applications and made the determination about which
institutions should receive the designation. "For years, hundreds
of banks and credit unions have participated in America Saves Week
by encouraging individuals to save money and build wealth," said
Stephen Brobeck, Executive Director
of the Consumer Federation of America and a founder of America
Saves. "For the first time, America Saves is recognizing a number
of these institutions for their efforts," he added.
America Saves Week is an annual opportunity for financial
institutions to encourage individuals to save money – with an
emphasis on reaching low- to moderate-income families. America
Saves is recognizing exceptional banks and credit unions that
succeed in promoting savings or other wealth building accounts and
have high levels of accounts opened or added to during America
Saves Week 2015. For more information about the America Saves
Designation of Excellence for Banks, visit
http://americasavesweek.org/for-organizations/financial-institutions/bank-designation-of-excellence-criteria.
America Saves, a campaign managed by the nonprofit
Consumer Federation of America, seeks to motivate, encourage, and
support low- to moderate-income households to save money, reduce
debt, and build wealth. The research-based campaign uses the
principles of behavioral economics and social marketing to change
behavior. Nonprofit, government, and corporate groups participate
in America Saves nationally and through local, regional, and
statewide campaigns around the country. America Saves encourages
individuals and families to take the America Saves pledge and
organizations to promote savings year-round and during America
Saves Week. Learn more at AmericaSaves.org and
AmericaSavesWeek.org.
BancorpSouth, Inc. is a financial holding company
headquartered in Tupelo,
Mississippi, with approximately $13.6
billion in assets. BancorpSouth Bank, a wholly-owned
subsidiary of BancorpSouth, Inc., operates 284 commercial banking,
mortgage, and insurance locations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee and Texas, including an insurance location in
Illinois. "Like" us on Facebook;
follow us on Twitter@MyBXS; or connect with us through
LinkedIn.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/bancorpsouth-receives-america-saves-designation-of-savings-excellence-for-banks-300090560.html
SOURCE BancorpSouth, Inc.