TITLE

BancorpSouth to Take $11M Hit for Early-Retirement Program

AUTHOR(S)
Cumming, Chris
PUB. DATE
June 2013
SOURCE
American Banker;6/ 4/2013, Vol. 178 Issue 85, p19
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports BancorpSouth in Tupelo, Mississippi plans to take a $10.9 million accounting charge for its early-retirement program which is expected to save the company $9 million per year. The article notes 227 employees out of 418 accepted BancorpSouth's voluntary early retirement offer. A press release from BancorpSouth's chief executive officer Dan Rollins is noted.
ACCESSION #
88006678

 

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