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VOL. 128 | NO. 91 | Thursday, May 09, 2013

BancorpSouth Offering Early Retirement

AP

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TUPELO, Miss. (AP)BancorpSouth Inc., the parent of BancorpSouth Bank, is offering a voluntary early retirement package to employees age 60 and over with 10 consecutive years of experience with the company.

BancorpSouth spokesman Randy Burchfield says in a statement that the company does not know how many employees might accept the package. He says the company is not releasing details on what is being offered.

BancorpSouth employs about 4,200 employees at more than 270 locations in eight states.

In April, BancorpSouth said profit fell in the first quarter as lower interest rates cut into its income.

The bank said profit fell to $20.8 million, or 22 cents per share, in the quarter that ended March 31. That's down about 9 percent from the same three months of 2012.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 63 63 3,818
MORTGAGES 79 79 5,345
FORECLOSURE NOTICES 0 0 1,200
BUILDING PERMITS 0 0 9,139
BANKRUPTCIES 43 43 3,699
BUSINESS LICENSES 26 26 1,580
UTILITY CONNECTIONS 107 107 5,050
MARRIAGE LICENSES 26 26 1,050

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