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BancorpSouth Bank (NYSE: BXS) has successfully completed mergers with National United Bancshares and FNS Bancshares, effective May 1, 2021. This strategic move aims to enhance BancorpSouth's growth by expanding its market presence in key regions such as Central Texas and offering improved services to customers. BancorpSouth, which has approximately $27 billion in assets, emphasizes the potential for long-term value for stakeholders through these mergers. The bank reassures customers to continue using existing services as integration progresses.
BancorpSouth Bank (NYSE: BXS) has received regulatory approval from the FDIC for its mergers with National United Bancshares and FNS Bancshares, which are set to close on May 1, 2021. As of December 31, 2021, National United and FNS reported combined total assets of $1.5 billion and total loans of $930 million. BancorpSouth's Chairman, Dan Rollins, expressed enthusiasm for integrating these institutions, which share similar cultural values. The merger aims to enhance customer service and bring additional opportunities for employees and customers alike.
