BancorpSouth, Inc. makes announcement.TUPELO tupelo, in botany tupelo: see black gum. Tupelo, city, United States Tupelo (t  `pĭlō, ty , Miss.--(BUSINESS WIRE)--Oct. 23, 1996--BancorpSouth, Inc. (NASDAQ/NMS:BOMS) (formerly Bancorp of Mississippi Mississippi, state, United StatesMississippi (mĭs'əsĭp`ē), one of the Deep South states of the United States. It is bordered by Alabama (E), the Gulf of Mexico (S), Arkansas and Louisiana, with most of the border formed by , Inc.) (the Company) announced today that it will call for redemption all of its outstanding 9% Subordinated Capital Debentures due 1999 (the Debentures). The Debentures will be redeemed re·deem tr.v. re·deemed, re·deem·ing, re·deems 1. To recover ownership of by paying a specified sum. 2. To pay off (a promissory note, for example). 3. on Jan. 15, 1997 at par, together with accrued ac·crue v. ac·crued, ac·cru·ing, ac·crues v.intr. 1. To come to one as a gain, addition, or increment: interest accruing in my savings account. 2. and unpaid interest from Nov. 1, 1996. As of the date of this release, $24,508,000 of the Debentures are outstanding. The Company will mail formal notice of the redemption to holders of the Debentures on or after Nov. 18, 1996. CONTACT: BancorpSouth, Inc., Tupelo L. Nash Allen, Jr., 601/680-2330 Gary C. Bonds, 601/680-2332 |
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