Business Briefs

Wednesday, January 5, 2005 at 1:00am

BancorpSouth, Premier complete bank merger

Tupelo, Miss.-based BancorpSouth, Inc., has completed its merger with Premier Bancorp, Inc., of Brentwood. "The merger of Premier Bank of Brentwood with BancorpSouth allows our bank to expand into one of the South's most dynamic economies," BancorpSouth Chairman and CEO Aubrey B. Patterson said. "BancorpSouth gains the benefit of an established presence in this market, and the customers and employees of Premier Bank will reap the benefits offered by a $10.6 billion, community-oriented banking system."

Jim Kelley, President and COO of BancorpSouth, called the partnership a "win-win situation."

Premier Bancorp was the holding company for Premier Bank of Brentwood, a $156.8 million asset commercial bank established in 1997. Premier operated two banking locations in the Brentwood area of Williamson County. The county is one of the top ranked areas in the U.S. for growth potential and prosperity.

BancorpSouth is a financial holding company with $10.6 billion in assets operating 247 banking and mortgage locations and approximately 230 automated teller machines in Arkansas, Alabama, Louisiana, Mississippi, Tennessee and Texas.

The company also provides investment services through its subsidiary, BancorpSouth Investment Services, Inc., and insurance services through BancorpSouth Insurance Services, Inc. BancorpSouth

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