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BancorpSouth Completes Merger with Texas First Bancshares

January 02, 2020, 08:00 AM
Filed Under: Mergers & Acquisitions

BancorpSouth Bank has completed its previously announced merger with Texas First Bancshares, Inc., the parent company of Texas First State Bank (collectively referred to as "Texas First"), effective January 1, 2020.

"We're delighted to announce the completion of our merger with Texas First," said BancorpSouth Chairman and Chief Executive Officer Dan Rollins. "Both of our banks share similar philosophies and a strong commitment to our customers and communities. This is a positive step in our growth strategy, and we're excited to welcome Texas First's customers and teammates to BancorpSouth and expand our geographic footprint."

At this time, customers should continue using their current branches, checks, debit/ATM cards, online banking and other banking services. Detailed communications will be provided to all Texas First customers prior to the system conversion.

"We're excited to join the BancorpSouth team and look forward to the opportunities and benefits this combination will bring to our customers, teammates and shareholders," said BancorpSouth Waco, Texas Chairman Rodney Kroll, former chairman and chief executive officer of Texas First. "We're confident this transaction will create long-term value and enhance our ability to deliver the best products and services from the same bankers our customers already know and trust."

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