BancorpSouth-Merchants Complete Merger
On April 1, 2019 BancorpSouth Bank of Tupelo, MS (NYSE: BXS) and Merchants Trust, Inc. of Jackson, AL announced the closing of their merger that combines two well-respected banking franchises. The merger expands BancorpSouth’s presence in southwest Alabama, including the vibrant Mobile market.
The merger consideration was a mix of cash and BancorpSouth stock.
Porter White Capital, LLC served as exclusive financial advisor to Merchants Trust, Inc. and its subsidiary, Merchants Bank. Porter White has advised on six Alabama community bank mergers since 2016.
For more information on how we can assist your bank with its merger and acquisition needs, please email Michael Rediker or call him at (205) 458-9135.
Securities offered through Porter White Capital, LLC, member of FINRA/SIPC and a wholly owned subsidiary of Porter White Companies, Inc.