Bancorpsouth Insurance Company Expansion and Growth

Bancorpsouth Insurance Company has grown significantly over the years, expanding its presence in the insurance industry.

The company has made strategic acquisitions, including the acquisition of Bank of Louisiana, to increase its market share and customer base.

Bancorpsouth Insurance Company has a strong financial foundation, with a solid capital position that enables it to invest in growth opportunities.

This financial stability has allowed the company to expand its product offerings, including a range of insurance products for individuals and businesses.

Expand your knowledge: What Is Insurance Types

BancorpSouth was founded in 1876, making it one of the oldest banks in the United States.

Their history dates back to the Reconstruction Era, when they were known as Bank of Vicksburg.

BancorpSouth has grown significantly over the years, with over 300 locations in nine states.

They offer a wide range of financial services, including banking, insurance, and investments.

BancorpSouth has a strong commitment to community development, with a focus on supporting local businesses and non-profits.

Their Community Development Banking Program provides financing and technical assistance to small businesses and entrepreneurs.

BancorpSouth has received numerous awards and recognition for their community development efforts.

They have been recognized as one of the top banks in the country for their community development initiatives.

BancorpSouth Insurance has undergone a significant change, rebranding itself as BXS Insurance. The company's president, Markham McKnight, announced the change, citing the need to unite the agency's 630 teammates across nine states.

The rebranding effort aims to provide a collective brand and legacy with one vision while still offering top-notch service to clients. This move will allow colleagues to promote BXS Insurance with one voice, regardless of their office or state.

BXS Insurance's visual identity features many elements similar to its current look, including a color palette, fonts, and design elements. The new name is a nod to the company's rich history, tracing its roots back to 1882.

The company's growth was the result of local and regional agencies becoming part of a larger entity. This growth continues to this day, with the company expanding its reach and services.

BancorpSouth's expansion into new markets has been a key factor in its growth. The bank has acquired several other banks and financial institutions, increasing its presence in the Southeast.

One notable example is the acquisition of First Community Bank in 2012, which added 16 branches and $1.5 billion in assets to BancorpSouth's portfolio. This move helped the bank expand its reach into new markets and increase its market share.

BancorpSouth's strategic expansion has allowed it to offer a wider range of financial services to its customers, including insurance, investment services, and mortgage lending.

Broaden your view: Higginbotham Insurance & Financial Services

BXS Insurance Inc., a subsidiary of BancorpSouth Bank, acquired the assets of Alexander & Sanders Insurance Agency Inc. in Louisiana.

The acquisition was announced on October 9, 2020.

BXS Insurance Inc. is headquartered in the same state as Alexander & Sanders.

BancorpSouth Bank has broken ground on a new location in Little Rock, Arkansas, specifically at 17900 Chenal Parkway.

This new building will be a four-story, 40,000 square-foot structure that will house both BXS Insurance and a full-service bank branch.

The branch will offer commercial lending, wealth management, and mortgage services to customers.

See what others are reading: General Liability Insurance Ny Small Business

The construction of this new project is expected to start immediately.

BancorpSouth has been expanding its presence in Central Arkansas, with a new branch already opened on Central Avenue in Hot Springs earlier this year.

Their new building on East Oak Street in Conway is also on track to be completed in November.

BancorpSouth is committed to investing in its communities and being present where its customers need them to be on their financial journey.

Little Rock Mayor Frank Scott, Jr. was present at the groundbreaking ceremony, showing the significance of this new location for the city.