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BancorpSouth expanding in Central Texas, acquiring Texas First Bancshares

BancorpSouth Bank

BancorpSouth Bank, a Tupelo-based banking company, is expanding its presence in Central Texas with a merger of Texas First Bancshares.

Posted: Sep 23, 2019 11:36 AM
Updated: Sep 23, 2019 11:42 AM

TUPELO, Miss. (WTVA) - A merger will allow Tupelo-based banking company, BancorpSouth Bank, to expand in Central Texas.

BancorpSouth is set to acquire Texas First Bancshares, which is the parent company of Texas First State Bank.

The Tupelo-based banking company announced Monday the signing of a definitive merger agreement.

Texas First was founded in 1906 in Riesel, Texas, and has six full-service banking offices in the Waco and Killeen-Temple metropolitan areas.

Once complete, BancorpSouth will have 76 full-service banking offices, five mortgage loan production offices and four insurance offices in Texas.

The merger is expected to close during the first half of 2020.

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