How it started
History
Between 1987 and 1998, the bank acquired First Mississippi National Bank, Volunteer Bank of Jackson, Tennessee, and Alabama Bancorp.
In April 2000, the bank acquired First United Bancshares of El Dorado, Arkansas. First United Bancshares was acquired for $455 million in a tax-free exchange of stock where BancorpSouth gave 1.125 shares of its common stock for each share of First United Bancshares stock.
In 2002, the bank acquired Pinnacle Bancshares. In 2004, the bank acquired Business Bank of Baton Rouge, Louisiana, and Premier Bank of Brentwood, Tennessee.
In 2005, the bank acquired American State Bank of Jonesboro, Arkansas. In October 2006, the bank acquired City Bancorp of Springfield, Missouri, for $170 million with half consisting of BancorpSouth stock and the remainder in cash.
In January 2014, the bank acquired Ouachita Bancshares Corp. of Monroe, Louisiana, and Central Community Corporation of Temple, Texas. Ouachita Bancshares Corp. was purchased for 3,675,000 shares of BancorpSouth's common stock plus $22.875 million in cash. Central Community Corporation was purchased for 7,250,000 shares of BancorpSouth's common stock plus $28.5 million in cash. After nearly four years and multiple extension of completion dates, the bank received the necessary approvals in late 2017 to close the transactions. Both mergers were completed effective January 15, 2018.
From Wikipedia’s article on Cadence Bank, shared under CC BY-SA 4.0.3