Patterson retiring as BancorpSouth chairman

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News,Business,Finance and Banking

TUPELO, Miss. (AP) — Aubrey Patterson, BancorpSouth's chairman since 1991 and whose career with the bank goes back four decades, will retire at the shareholders meeting on April 23.

The announcement came Wednesday.

Patterson joined the then-Bank of Mississippi in 1972. Under Patterson's leadership, BancorpSouth grew from a Tupelo-based bank with about $100 million in assets to an eight-state, 300-location financial holding company with $13 billion in assets.

Patterson retired as CEO in November 2012, when Dan Rollins was named to the post. Rollins will become chairman. Patterson will serve as chairman emeritus.

Patterson was named president and chief operating officer for Bank of Mississippi in 1983. Four years later, when a statewide banking law was approved, the company became Mississippi's first statewide bank in a merger with First Mississippi National Bank.

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