Insurance Network of Jonesboro to merge with BancorpSouth
Last updated Friday, August 31, 2007 10:48 PM CDT in Business
By The Arkansas News Bureau
LITTLE ROCK -- BancorpSouth Insurance Services Inc. on Friday announced it would acquire Insurance Network of Jonesboro.
The Jonesboro firm was to become part of BancorpSouth's Little Rock insurance division Saturday.
The Little Rock division, Ramsey, Krug, Farrell and Lensing, will continue to serve clients in North-Central and Northeast Arkansas with its present staff, BancorpSouth said.
Terms of the deal were not disclosed.
Ramsey, Krug, Farrell and Lensing was founded in 1932 and became part of BancorpSouth Insurance Services Inc. in 2003. Together with BancorpSouth's Louisiana and Mississippi insurance divisions, BancorpSouth Insurance Services ranks 38th among the top insurance brokerage firms in the nation, according to the company.
BancorpSouth Insurance Services is a subsidiary of Tupelo, Miss.-based BancorpSouth Inc., a regional banking and financial service company with operations in Alabama, Arkansas, Louisiana, Florida, Mississippi, Tennessee and Texas.
BancorpSouth shares (NYSE: BXS) closed Friday at $24.99, up 15 cents. For the past 52 weeks the share price has ranged from a $28.60 high to a $21.75 low.
Reader Comments (No comments posted.)
The following comments are provided by readers and are the sole responsibility of their authors. The Morning News does not review comments before their publication, nor do we guarantee their accuracy. By publishing a comment here you agree to abide by our comment policy. If you see a comment that violates our policy, please notify the web editor.
Not already registered?
