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8-K - FORM 8-K - BANCORPSOUTH INC | g27776e8vk.htm |
Exhibit 99.1
News Release
For Immediate Release
July 27, 2011
July 27, 2011
Contact: Randy Burchfield
Corporate Marketing
662-620-4920
Corporate Marketing
662-620-4920
W. Gregg Cowsert to Retire from BancorpSouth
Completes 21 Year Career with Mississippi-Based Financial Holding Company
Completes 21 Year Career with Mississippi-Based Financial Holding Company
TUPELO, Miss., July 27, 2011 BancorpSouth, Inc. (NYSE: BXS) announced today the planned
retirement of W. Gregg Cowsert from his position as Vice Chairman and Chief Credit Officer of
BancorpSouth, effective September 30, 2011.
Cowsert joined the Company in 1990 in Hattiesburg, Mississippi as Senior Vice President and
Regional Loan Administrator for the Bank of Mississippi. The Bank of Mississippi later became
BancorpSouth through a name change following the Companys expansion outside the state of
Mississippi.
In 1992 he was promoted and transferred to the Companys corporate offices in Tupelo,
Mississippi to assume loan administration responsibilities for the Banks Mississippi markets. In
1996 Cowsert was promoted to Executive Vice President and later in the year to Vice Chairman and
Chief Credit Officer.
Aubrey Patterson, BancorpSouth Chairman and CEO said, During Gregg Cowserts tenure as
BancorpSouths Chief Credit Officer, Gregg led in establishing and administering the quality
standards and metrics that have been a hallmark of the Companys conservative credit culture. He
guided BancorpSouths loan administration functions during times of major growth and expansion for
our Company, as well as during difficult and challenging economic environments. As a valued
member of our senior staff management team, Gregg has been involved in countless major financial
decisions affecting BancorpSouth. His contributions to our Company are numerous and he will be
missed.
Following his graduation from Mississippi State University in 1970, where he received a B.S. degree
in Banking and Finance, Cowsert began his banking career in Hattiesburg, Mississippi with First
Mississippi National Bank as a management trainee.
Cowsert had been involved over the years in various industry and civic organizations and
initiatives, including the Robert Morris Associates, American Institute of Banking, Chambers of
Commerce, Boy Scouts of America and the YMCA. He attended various schools and banking seminars,
including the LSU School of Banking.
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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