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

Cumming, Chris
June 2013
American Banker;6/ 4/2013, Vol. 178 Issue 85, p19
Trade Publication
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.


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