Key Developments: BancorpSouth Inc (BXS)
17.34USD
24 May 2013
$-0.07 (-0.40%)
$17.41
$17.28
$17.37
$17.13
657,623
703,184
$18.06
$12.48
Latest Key Developments (Source: Significant Developments)
Bancorpsouth Inc Declares Quarterly Dividend
Bancorpsouth Inc announced that the Board of Directors declared a quarterly cash dividend of $0.01 per common share. The dividend is payable July 1, 2013 to shareholders of record at the close of business on June 14, 2013. Full Article
Bancorpsouth Inc Declares Quarterly Dividend
Bancorpsouth Inc announced that its Board of Directors has declared a quarterly cash dividend of $0.01 per common share. The dividend is payable April 1, 2013 to shareholders of record at the close of business on March 15, 2013. Full Article
Bancorpsouth Inc Announces James D. Rollins III As New Chief Executive Officer
Bancorpsouth Inc announced that Board of Directors has unanimously appointed James D. Rollins III as the Company's new Chief Executive Officer (CEO). Mr. Rollins will succeed Aubrey B. Patterson, BancorpSouth's current CEO, and become a member of BancorpSouth's Board of Directors on November 27, 2012. Full Article
Bancorpsouth Inc Declares Quarterly Dividend
Bancorpsouth Inc announced that the Board of Directors of BancorpSouth, Inc. declared a quarterly cash dividend of $0.01 per common share. The dividend is payable January 2, 2013 to shareholders of record at the close of business on December 14, 2012. Full Article
BancorpSouth, Inc. Declares Quarterly Dividend
BancorpSouth, Inc. announced that it declared a quarterly cash dividend of $0.01 per common share. The dividend is payable October 1, 2012 to shareholders of record at the close of business on September 14, 2012. Full Article
BancorpSouth, Inc. Announces Settlement of Securities Litigation
BancorpSouth, Inc. announced that it has reached a settlement in principle of the class action securities litigation pending in the United States District Court for the Middle District of Tennessee entitled Winslow vs. BancorpSouth, et al. The settlement is subject to execution of a definitive settlement agreement and court approval. In this lawsuit, the plaintiff alleged that BancorpSouth and certain of its executives violated federal securities laws by issuing materially false and misleading statements regarding BancorpSouth's business and financial results. Defendants deny all of plaintiff's allegations of wrongdoing. The parties, including the Company's insurance carriers, negotiated the terms of the settlement, with the assistance of a former United States federal district judge acting as a mediator, that they believe are in their respective interests. The settlement allows both sides to avoid the potential risks and costs of lengthy litigation. Full Article
BancorpSouth, Inc. Announces Planned Retirement Of Chairman And CEO
BancorpSouth, Inc. announced that Chairman and Chief Executive Officer (CEO) Aubrey Patterson has informed the Board of Directors of his plan to retire as Chief Executive Officer in 2013. Mr. Patterson was appointed Chairman and CEO of BancorpSouth in 1991, having previously served as its President and CEO from 1990 to 1991 and its President and Chief Operating Officer from 1983 to 1990. Mr. Patterson expects to continue to serve as Chairman and CEO until a successor is named and the CEO transition is complete. It is anticipated that this will occur at or around the time of the annual shareholders meeting in April 2013. Full Article
BancorpSouth, Inc. Declares Quarterly Dividend
BancorpSouth, Inc. announced that the Board of Directors has declared a quarterly cash dividend of $0.01 per common share. The dividend is payable July 2, 2012 to shareholders of record at the close of business on June 15, 2012. Full Article
BancorpSouth, Inc. Announces Closing Of Public Offering Of Common Stock
BancorpSouth, Inc. announced the closing of an underwritten public offering of 10,952,381 shares of its common stock at a price to the public of $10.50 per share. The gross proceeds from the offering, before expenses, were $109.3 million. The proceeds from the offering will be used by the Company for general corporate purposes, including to maintain certain capital levels and liquidity at the Company, potentially provide equity capital to BancorpSouth Bank, fund growth either organically or through acquisition of other financial institutions, insurance agencies, or other businesses that are closely aligned to the operations of the Company, and fund investments in its subsidiaries. Morgan Stanley & Co. LLC and Stifel, Nicolaus & Company, Incorporated acted as the joint book-running managers in the offering. Stephens Inc., Keefe, Bruyette & Woods, and Sandler O'Neill + Partners, L.P. served as co-managers for the offering. Full Article
BancorpSouth, Inc. Announces Pricing of $100 Million Public Offering of Common Stock
BancorpSouth, Inc. announced the pricing of an underwritten public offering of 9,523,810 shares of its common stock at a price of $10.50 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 15 percent of common shares sold pursuant to this transaction to cover over-allotments. The Company intends to use the net proceeds of this offering for general corporate purposes, including to maintain certain capital levels and liquidity at the Company, potentially provide equity capital to BancorpSouth Bank, fund growth either organically or through acquisition of other financial institutions, insurance agencies, or other businesses that are closely aligned to the operations of the Company, and fund investments in its subsidiaries. The offering of common stock may be made only by means of a prospectus and a related prospectus supplement. Morgan Stanley & Co. LLC and Stifel, Nicolaus & Company, Incorporated are the joint book-running managers in the offering. Stephens Inc.; Keefe, Bruyette for the stock offering. Full Article
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