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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 This material may not be published, broadcast, rewritten or redistributed.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 57 307 5,073
MORTGAGES 101 483 6,709
FORECLOSURE NOTICES 22 77 1,556
BUILDING PERMITS 0 720 11,979
BANKRUPTCIES 84 341 5,300
BUSINESS LICENSES 36 125 2,061
UTILITY CONNECTIONS 152 594 7,058
MARRIAGE LICENSES 36 117 1,458

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