Banking & Savings M&A » By The Online Investor Staff, updated Fri., Apr. 19, 5:43 AM
Recent mergers and acquisitions in the Banking & Savings M&A category.
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Slide #95. BancorpSouth, Inc. — Central Community Corporation
Acquirer:
BancorpSouth, Inc. (BXS)
Acquiree:
Central Community Corporation
Details:
BancorpSouth, Inc. (NYSE: BXS), the parent company of BancorpSouth Bank (collectively referred to as "BancorpSouth"), announced today the signing of a definitive merger agreement with Central Community Corporation, headquartered in Temple, Texas, whereby Central Community Corporation will be merged with and into BancorpSouth, Inc. Central Community Corporation is the parent company of First State Bank Central Texas ("First State Bank"), which is headquartered in Austin, Texas. BancorpSouth currently has one other acquisition pending, Ouachita Bancshares Corp., which was announced on January 8, 2014.
BancorpSouth Bank conducts commercial banking and financial services operations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, Texas and Illinois. Co.'s segments are: Mortgage, which includes the mortgage banking activities of originating mortgage loans, selling mortgage loans in the secondary market and servicing the mortgage loans; Insurance Agencies, which serves as agents in the sale of commercial lines of insurance and lines of property and casualty, and health and employee benefits products and services; Wealth Management, which provides credit related products; and General Corporate and Other, which includes other activities not allocated to the segments.
Preferred: BXS.PRA
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Avg. Broker Rec.
 
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Buy (3.29 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: BXS Stock Forecast Based on Zacks ABR data; powered by Xignite |
