TUPELO, Miss., Oct. 31, 2018 /PRNewswire/ -- BancorpSouth Bank (BXS) announced today that it has completed the repurchase of 6 million shares of its common stock under its stock repurchase program, which was initially implemented on October 31, 2017. Of the total shares repurchased, 2,973,416 shares have been repurchased during the fourth quarter of 2018.
The Bank's repurchase program was intended to comply with Rule 10b-18 and Rule 10b5-1 promulgated under the Securities and Exchange Act of 1934. Certain price sensitive provisions of the plan resulted in elevated fourth quarter repurchase activity.
BancorpSouth Bank is headquartered in Tupelo, Mississippi, with approximately $18 billion in assets. BancorpSouth operates approximately 285 full service branch locations as well as additional mortgage, insurance, and loan production offices in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee and Texas, including an insurance location in Illinois. BancorpSouth is committed to a culture of respect, diversity, and inclusion in both its workplace and communities. To learn more, visit our Community Commitment page at www.bancorpsouth.com. "Like: us on Facebook; follow us on Twitter: @MyBXS; or connect with us through LinkedIn.