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Bancorp South receives regulatory approval of its mergers with National United Bancshares, Inc. and FNS Bancshares, Inc.


BancorpSouth Bank (NYSE: BXS) (“BancorpSouth”) announced it has received regulatory approval from the Federal Deposit Insurance Corporation to complete its proposed mergers with National United Bancshares, Inc., the parent company of National United, (collectively referred to as National United ), and with FNS Bancshares, Inc. (OTCQX: FNSB), the parent company of FNB Bank, (collectively referred to as FNS ).
The mergers are currently anticipated to close on May 1, 2021, subject to the satisfaction of customary closing conditions. As of Dec. 31, 2021, National United and FNS collectively reported total assets of $1.5 billion, total loans of $930 million and total deposits of $1.4 billion.
“We’re pleased to receive regulatory approval for our mergers with National United and FNS,” said BancorpSouth Chairman and CEO Dan Rollins. “Both companies are trusted financial institutions that have been serving their respective communities for more than ....

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BancorpSouth Receives Regulatory Approval of its Mergers with National United Bancshares, Inc. and FNS Bancshares, Inc.


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TUPELO, Miss., April 7, 2021 /PRNewswire/  BancorpSouth Bank (NYSE: BXS) ( BancorpSouth ) announced it has received regulatory approval from the Federal Deposit Insurance Corporation to complete its proposed mergers with National United Bancshares, Inc., the parent company of National United, (collectively referred to as National United ), and with FNS Bancshares, Inc. (OTCQX: FNSB), the parent company of FNB Bank, (collectively referred to as FNS ).
The mergers are currently anticipated to close on May 1, 2021, subject to the satisfaction of customary closing conditions. As of December 31, 2021, National United and FNS collectively reported total assets of $1.5 billion, total loans of $930 million and total deposits of $1.4 billion. ....

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