The News Courier in Athens, Alabama

State and Nation

May 8, 2013

BancorpSouth offering early retirement

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.

1
Text Only
State and Nation
Photos


Poll

Which foreign crisis is the biggest threat to the security of the United States?

Russia-Ukraine
Israel-Palestine
Iraq
None of the above
     View Results
Facebook
AP Video
Raw: 2 Shells Hit Fuel Tank at Gaza Power Plant Raw: Massive Explosions From Airstrikes in Gaza Giant Ketchup Bottle Water Tower Up for Sale Easier Nuclear Construction Promises Fall Short Kerry: Humanitarian Cease-fire Efforts Continue Raw: Corruption Trial Begins for Former Va Gov. The Carbon Trap: US Exports Global Warming UN Security Council Calls for Gaza Cease-fire Traditional African Dishes Teach Healthy Eating 13 Struck by Lightning on Calif. Beach Baseball Hall of Famers Inducted Israel, Hamas Trade Fire Despite Truce in Gaza Italy's Nibali Set to Win First Tour De France Raw: Shipwrecked Concordia Completes Last Voyage Raw: Sea Turtle Hatchlings Emerge From Nest Raw: Massive Dust Storm Covers Phoenix 12-hour Cease-fire in Gaza Fighting Begins Raw: Bolivian Dancers Attempt to Break Record Raw: Israel, Palestine Supporters Rally in US Raw: Air Algerie Flight 5017 Wreckage
Twitter Updates
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Stocks
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Business Marquee