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8-K - FORM 8-K - BANCORPSOUTH INC | g27819e8vk.htm |
Exhibit 99.1
News Release
For Immediate Release
August 3, 2011
August 3, 2011
Contact: Randy Burchfield
Corporate Marketing
662-620-4920
Corporate Marketing
662-620-4920
BancorpSouth Appoints Director Warren A. Hood, Jr. to the Audit Committee
TUPELO, Miss., Aug 3, 2011 BancorpSouth, Inc. (NYSE: BXS) announced today that the Board of
Directors has appointed current director Warren A. Hood, Jr. to the Audit Committee. Effective
August 5, 2011, Mr. Hood will replace director R. Madison Murphy, who recently announced his
resignation from the Board of Directors and who serves on the Audit Committee.
Mr. Hood is the Chairman of the Board and Chief Executive Officer of Hood Companies Inc., which
includes three separate corporations with 60 manufacturing and distribution sites throughout the
United States, Canada, and Mexico. Hood Companies markets its building materials and industrial
and consumer packaging products in North America, the Caribbean and Western Europe. Mr. Hood was
elected a director of BancorpSouth, Inc. in April 2011, having served as a director of BancorpSouth
Bank since 2007. Mr. Hood has been a director of Southern Company (NYSE: SO) since 2007 and is a
member of its audit committee. He served as a director of Mississippi Power Company from 2004 to
2007. He is a former director of First American Corporation and its subsidiary, First American
National Bank, and previously served as a director of Deposit Guaranty Corporation from 1990 until
its merger into First American Corporation in 1998.
We are pleased to announce Warren Hoods appointment to the Audit Committee of the Board of
Directors, remarked Aubrey Patterson, BancorpSouth Chairman and CEO. BancorpSouth has benefited
from the wealth of business, risk management and financial experience Warren brings to our board
from the successful expansion of his own business and through his extensive service on the boards
of other publicly held companies. His service on the Audit Committee for the board of Southern
Company is directly relevant to his new responsibilities on the Audit Committee for the Board of
BancorpSouth, Inc. We look forward to Warrens continuing contributions to the long-term success
of BancorpSouth.
BancorpSouth, Inc. is a financial holding company headquartered in Tupelo, Mississippi, with
approximately $13.4 billion in assets. BancorpSouth Bank, a wholly-owned subsidiary of
BancorpSouth, Inc., operates approximately 312 commercial banking, mortgage, insurance, trust and
broker/dealer locations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee
and Texas. BancorpSouth Bank also operates an insurance location in Illinois.
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P. O. Box 789 Tupelo, MS 38802-0789 (662) 680-2000
BancorpSouth, Inc. is a financial holding company.
BancorpSouth, Inc. is a financial holding company.