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Scottsboro-based FNB Bank acquired by BancorpSouth Bank
Updated Jan 14, 2021;
FNS was founded in 1900 in Scottsboro and has 17 locations across three states.
The merger will expand BancorpSouth’s presence in Jackson, DeKalb and Marshall counties, as well as in the the Chattanooga, Tennessee-Georgia and Nashville-Davidson-Murfreesboro-Franklin, Tenn., metropolitan statistical areas. It is expected to close in the first half of this year.
FNS, on a consolidated basis, reported total assets of $786.5 million, total loans of $492.5 million and total deposits of $665.9 million as of last Sept. 30. Upon completion, FNS CEO Steve Rownd will serve as a BancorpSouth division president.
Under terms of the deal, BancorpSouth will issue 2,975,000 shares of common stock, plus $18.0 million in cash, for all outstanding shares of FNS capital stock, subject to certain conditions. Based upon the closing price of BancorpSouth common stock on January 12, the transaction is v ....

United States , Dan Rollins , Steve Rownd , Bancshares Inc , Bancorpsouth Bank , Tupelo Based Bancorpsouth Bank , South Chairman , ஒன்றுபட்டது மாநிலங்களில் , டான் ரோலின்ஸ் , பந்க்க்ஷரேஸ் இன்க் , பேன்கார்ப்சவுத் வங்கி , டுபெளோ அடிப்படையிலானது பேன்கார்ப்சவுத் வங்கி , தெற்கு தலைவர் ,