BancorpSouth Inc. of Tupelo, Miss., is buying City Bancorp, the parent company of Signature Bank of Springfield, Mo., for $170 million.
* BancorpSouth Inc. of Tupelo, Miss., is buying City Bancorp, the
parent company of Signature Bank of Springfield, Mo., for $170 million.
City Bancorp shareholders would receive 50 percent cash and 50 percent
BancorpSouth common stock in the deal. Signature Bank had about $847
million in assets and $600 million in deposits as of Sept. 30.
BancorpSouth, the fifth-largest banking operation in Arkansas, has $11.9
billion in assets.
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