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BancorpSouth buys Jonesboro-based bank.(American State Bank)(Brief Article)
Arkansas Business
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August 15, 2005|
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COPYRIGHT 2005 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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BancorpSouth Inc. of Tupelo, Miss., is buying American State Bank Corp. of Jonesboro for an undisclosed sum.
The deal is subject to the approval of American State Bank Corp.'s shareholders and banking regulators.
BancorpSouth said the deal will expand its Arkansas presence into four northeast Arkansas counties and add 11 branches. BancorpSouth operates 48 banking locations in 24 Arkansas cities with about $1.7 billion in deposits.
Privately held American State Bank Corp. is the parent of American State Bank, a wholly owned state-chartered ...
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