BancorpSouth Announces Management Reorganization

TUPELO, Miss., June 26, 2014 /PRNewswire/ -- BancorpSouth (NYSE: BXS) announced today a comprehensive management reorganization of the Company's senior management responsibilities and reporting structure.  The reorganization impacts the Company's entire senior management organization including its community bank system along with its mortgage, insurance, credit card services, wealth management, and leasing and equipment financing lines of business.  The reorganization also impacts BancorpSouth's operations and technology, credit administration and loan operations, accounting, compliance, audit, enterprise risk management and administration functions. As part of the reorganization, and as previously announced, Chris A. Bagley has been named President and Chief Operating Officer; Bagley succeeds James V. Kelley.  The Company announced earlier this year Kelley's planned retirement, effective August 15, 2014.

"This reorganization of the Company's senior management responsibilities and reporting structure reinforces BancorpSouth's total focus and commitment to growing loans, deposits and fee income while building on the quality and high standards of the BancorpSouth customer experience," said Dan Rollins in commenting on the reorganization.  "The realignment of the company's front line sales and support functions to focus on growth will be supported by coordinated efforts and improved processes intended to maintain high quality credit metrics, eliminate redundant product silos, improve and increase internal communications, and drive our cost reduction and operating efficiency initiatives; all intended to contribute to long-term growth and increased shareholder value."

We have reorganized our reporting structure to focus on our customers and their needs. This new reporting structure will involve each senior staff member's area of responsibility being represented on one of five major teams, all focused on responsibilities either directly involved with business development/sales or in support of such efforts.  All front line teammates, including banking, mortgage, insurance, wealth management, and leasing & equipment finance, will be part of the new "Business Development" team. The Credit team, including Credit Administration and Loan Operations, will work to support all Business Development lending teammates.  All Operations teammates will work together to support the Business Development teammates, while the Administration and Accounting teams will support all lines and functions throughout the Company.

"This alignment will provide for greater collaboration and promotion of client interface between functions, especially so between our Business Development team members, where the broadening of client relationships and cross-selling of products and services directly impacts bottom line results, said Dan Rollins.  "In addition to helping provide additional growth and sales opportunities for our Company, this new organizational alignment will facilitate a more streamlined and standardized operating process, promote improved cooperation and require greater accountability by managers and lead to a more efficient model to accomplish our long-term growth goals."

Senior Management Information:

Dan RollinsChairman and Chief Executive Officer

Dan Rollins has served as our Chief Executive Officer since November 2012, and Chairman and Chief Executive Officer since April 2014.

Prior to being selected by BancorpSouth's Board of Directors as the Company's CEO in 2012, Dan served as President and Chief Operating Officer of Prosperity Bancshares, Inc., a publicly traded financial holding company.

Since assuming the CEO role at BancorpSouth in 2012, Dan quickly went about carefully and methodically approaching necessary changes in the Company with a goal of returning BancorpSouth to its historically high profitability levels. 

Through face-to-face meetings and other communications emphasizing our key priorities of growing loans and deposits and operating more efficiently, teammate contributions have been recognized and substantial progress has been reported.   Team members are being encouraged to approach their work as owners of the Company, and we continue to see improvements resulting from those efforts.

Dan earned a Bachelor of Business Administration from The University of Texas.  He is also a graduate of The Southwestern Graduate School of Banking at SMU. 

Chris BagleyPresident and Chief Operating Officer

Chris Bagley has over 31 years of experience in commercial banking.  His experience with loan administration, credit administration, the allowance for loan and lease loss methodology, internally classified loan monitoring, fair value accounting and reporting, as well as mortgage lending, BSA, fair lending and compliance will all support BancorpSouth's long term performance.

Chris earned a Bachelor of Business Administration from Stephen F. Austin State University and a Master of Business Administration from the University of Houston.  Chris is presently serving as an advisory board member of the University of Houston banking certificate program through the Bauer College of Business.

James ThreadgillSenior Executive Vice President

James Threadgill has over 27 years of experience in commercial banking with BancorpSouth.  James serves as Senior Executive Vice President of BancorpSouth, reporting to the President and COO with senior management responsibilities for the Company's Business Development team. For the last 12 years, he has been responsible for the executive management of our Mortgage, Insurance and Wealth Management business units.  Prior to that, he served in senior management positions within the community bank in Jackson, Vicksburg and the Mississippi Gulf Coast.  He joined BancorpSouth in 1987 after working with the Mississippi Department of Economic Development in their Finance Division.

James earned a Bachelor's Degree in Marketing from the University of Mississippi, and is a graduate of the ABA National Commercial Lending School.  He also attended Cumberland School of Law. 

Gordon LewisSenior Executive Vice President

Gordon Lewis has over 40 years of experience in commercial banking. Gordon serves as Senior Executive Vice President for BancorpSouth, reporting to the President and COO with senior management responsibilities for the Company's Business Development team. 

Gordon joined BancorpSouth in 2000 through the merger with First United Bancshares where he was the Regional Chairman of the bank responsible for the Company's banks in Texas and Louisiana.  Gordon also served as Chairman, President and CEO of Fredonia State Bank in Nacogdoches, Texas as part of First United Bancshares. 

Gordon earned a Bachelor's Degree in Accounting from Texas A&M University and is a Certified Public Accountant.  He also completed the University of Wisconsin School for Bank Administration with a major in Controllership.

Bill PraterSenior Executive Vice President & Chief Financial Officer

Bill Prater has 27 years of experience in commercial banking.  Bill serves as Senior Executive Vice President & Chief Financial Officer for BancorpSouth.  Reporting to the Chairman and CEO, he is responsible for Financial Accounting, Investor Relations and Tax Accounting.

Bill joined BancorpSouth in 2008 after serving as Executive Vice President of Financial Segment Support at Regions Bank. Prior to his career at Regions, Bill served as Senior Vice President of Financial Accounting with SouthTrust Corporation. Bill began his career with KPMG, LLP.

Bill earned a Bachelor's Degree in Accounting from the University of Alabama in Birmingham.  He is a Certified Public Accountant. 

Ron HodgesSenior Executive Vice President & Chief Credit Officer

Ron has over 41 years of experience in commercial banking.  He currently serves as Senior Executive Vice President and Chief Credit Officer for BancorpSouth. Reporting to the President and COO, he is also responsible for Loan Administration and Loan Operations.

Ron joined the bank in 1973 and has worked in numerous areas of the bank including:  Branch Operations, Credit Card, Community Bank President, Loan Administration and his current capacity of Chief Credit Officer.

Ron earned a Bachelor's Degree in Banking and Finance from the University of Mississippi, an executive MBA from Duke University and is a graduate of the Wisconsin Graduate School of Banking.

Cathy FreemanSenior Executive Vice President & Chief Administrative Officer

Cathy Freeman has over 24 years of experience in commercial banking.  Cathy serves as Senior Executive Vice President & Chief Administrative Officer, reporting to the Chairman and CEO.  She is responsible for Marketing, Human Resources, Facilities Management, and Training.  Cathy's team provides support functions for the bank and the BancorpSouth Board of Directors.

Cathy joined BancorpSouth in 1990 as a Management Trainee.  Early in Cathy's career, she held officer positions in the student loan and loan administration areas.  In 1997, Cathy was promoted to Corporate Secretary where she continues to support the Board of Directors, while assuming additional responsibilities for a range of administrative support functions.

Cathy earned a Bachelor's Degree in Banking & Finance and Managerial Finance from the University of Mississippi.  She is a graduate of the Mississippi School of Banking and the ABA's Stonier Graduate School of Banking.   

Greg RayExecutive Vice President & Chief Banking Officer

Greg Ray has over 25 years of experience in commercial banking.  Greg serves as Executive Vice President & Chief Banking Officer, responsible for the Community Banking system staff, product sales, service and the branch network. Prior to accepting a leadership role in community banking in 2009, he had extensive experience in funds management, wholesale funding, pricing strategy and interest rate risk management.

Greg earned a Bachelor's Degree in Banking & Finance from Mississippi State University.  He holds the Chartered Financial Analyst designation and is a graduate of the ABA Stonier Graduate School of Banking. 

Tommy DarnellExecutive Vice President & Chief Sales Officer

Tommy Darnell has over 41 years of experience in commercial banking.  Tommy will be relocating to Tupelo to assume his new role as Executive Vice President & Chief Sales Officer responsible for the Community Bank system's retail and commercial loan, deposit and fee income production. 

Tommy joined BancorpSouth in 2003, as President of the Hinds County, MS Division, after serving as Executive Vice President and Chief Credit Officer at Trustmark National Bank.  In 2012 Tommy was named Executive Vice President and Division Manager for the newly created Corporate Lending Division.  Since its formation, working closely with lenders across the system in a relationship context, the division has contributed to the growth of our Company.  

Tommy earned a Bachelor's Degree in Banking and Finance from Mississippi State University and a Master's of Business Administration from Mississippi College.  He also is a graduate of The Graduate School of Banking of the South at LSU where he later served as a member of the Board and as President.  He is also a graduate of the ABA National Commercial Lending School undergraduate and graduate programs. 

Jeff JaggersExecutive Vice President & Chief Information Officer

Jeff Jaggers has over 31 years of experience in commercial banking.  Jeff serves as Executive Vice President & Chief Information Officer.  Reporting to the President and COO, he is responsible for all Company operations and technology.

His experience with information technology, check processing, Check 21, ACH processing, treasury management, project management, community banking as well as deposit operations, BSA, deposit fee income, vendor management and strategic planning will all aid the company in achieving its long term goals.  

Jeff earned a Bachelor of Business Administration Degree from the University of Mississippi.  He is also a graduate of the ABA Stonier Graduate School of Banking.  Jeff is presently serving as a member of the board of directors of ECCHO (Electronic Check Clearing House Organization) and serves on ECCHO's Executive Committee.  

Cathy RobertsonExecutive Vice President & Chief Risk Officer

Cathy Robertson has over 37 years of experience in commercial banking.  Cathy serves as Executive Vice President and Chief Risk Officer.  Reporting directly to the Risk Committee of the Board of Directors along with the Chairman and CEO, she is responsible for Enterprise Risk Management.

Cathy joined BancorpSouth in 1976 as a Management Trainee upon earning a degree in Accounting from Mississippi State University.  She has also graduated from the Mid-South School of Banking, ABA National School of Bank Card Management, and the Graduate School of Banking from the University of Wisconsin.  She has served in many roles with the bank including loan officer, personal banker, manager of the Student Loan Department, manager of the Credit Card department, Corporate Secretary, and as division head over Mortgage, Insurance, Trust, Investments and Sales Finance.

Carol WaddleExecutive Vice President and Chief Audit Officer

Carol Waddle has over 30 years of audit experience.  Carol serves as Executive Vice President and Chief Audit Officer.  Reporting directly to the Audit Committee of the Board of Directors, she is responsible for the Audit and Loan Review Division.

Upon earning a Bachelor of Accountancy from the University of Mississippi, she joined BancorpSouth as a staff auditor.  Carol then worked in public accounting where she obtained extensive experience of financial statement auditing, focusing principally in financial institutions.  She rejoined BancorpSouth with responsibilities for the Bank's internal control environment.    Her experiences in regulatory reporting and Sarbanes-Oxley requirements continue to benefit BancorpSouth. 

Carol holds the designations of Certified Public Accountant, Certified Bank Auditor, Certified Regulatory Compliance Manager, Chartered Global Management Accountant and Certified Financial Services Auditor.  

Markham McKnightPresident – BancorpSouth Insurance Services, Inc.

Markham serves as President of BancorpSouth Insurance Services.  He is responsible for BancorpSouth's insurance brokerage line of business, including the Company's 33 insurance offices in nine states.

Markham joined BancorpSouth in 2003 through a merger with Wright & Percy Insurance Company, where he served as President and Chief Executive Officer.  He was promoted to President of BancorpSouth Insurance Services in 2005.

Markham holds a Bachelor's Degree in General Studies, with an emphasis in Construction Management, from Louisiana State University and a Master of Business Administration Degree from LSU.  He is a past Chairman of the Council of Insurance Agents and Brokers. He currently serves as Treasurer of the Louisiana Insurance Guaranty Association and is the Chairman of the Board of the Worldwide Broker Network.

Bob AlthoffPresident – Northwest Region

Bob Althoff began his banking career in Arkansas in 1971. During the past 43 years, he served in various capacities for banks in Arkansas and Texas, primarily in the management of commercial lending divisions. Returning to his home state in 1987, he was president of two different banking organizations prior to organizing Pinnacle Bancshares, where he was President and CEO and served on the Board of Directors. In 2002, Pinnacle Bancshares merged with BancorpSouth, where Althoff continued as the President of the Little Rock market. In 2004, he assumed the President position over the state of Arkansas, and in 2012 he was named President - Northwest Region, encompassing Arkansas and Missouri. This region includes 56 banking locations with 450 employees, $2.2 billion in deposits and $1.6 billion in loans. 

Bob earned a Bachelor's degree in finance from the University of Arkansas at Little Rock.  He also is a graduate of Southwestern Graduate School of Banking at SMU. A Vietnam War veteran, Bob was awarded the Vietnamese Silver Star, the American Bronze Star and the Army Commendation Medal for Valor.

David BarrentinePresident – Southeast Region

David Barrentine has 36 years of experience in commercial banking and, since 2003 has served as President of the Southeast Region of BancorpSouth Bank with responsibility for all 75 banking locations in Alabama, Florida and the south half of Mississippi with approximately $3.2 billion in deposits and $2.5 billion in loans. 

David joined BancorpSouth as Division President in Jackson, MS, in 2001 after serving as an Area Executive for AmSouth Bank.  His community bank experience includes responsibilities for consumer, commercial, commercial real estate, private banking, and trust lines of business.  He also has served in credit administration roles. Before assuming management responsibilities, David served as a commercial and real estate loan officer.

David earned a Bachelor's degree in Banking and Finance from Mississippi State University.  He also received a Masters of Business Administration from Mississippi College.  He is a graduate of The Graduate School of Banking of the South at LSU, and the Stanford Executive Program at Stanford University. 

Lester LucyPresident – Southwest Region

Lester Lucy has 31 years of banking experience.  Lester serves as President of the Southwest Region of BancorpSouth Bank, a position he has held since 2008.  He has responsibility for all 43 banking locations in Louisiana and Texas with approximately $1.8 billion in deposits and $1.9 billion in loans. Under Lester's leadership, BancorpSouth has entered new markets and achieved significant growth in the region. 

Lester joined BancorpSouth in 2004 as President of the Longview, Texas market, later becoming President – Southwest Region in 2008.  Prior to joining BancorpSouth, he served as Commercial Lender, Senior Lender, and City Executive of Bank One in Longview, Texas; and, as a Vice President at a savings bank in Houston, Texas.

Lester earned a Bachelor's degree in Finance and a Master's degree in Agriculture with a Real Estate Economics emphasis from Texas A&M University.  He is also a graduate of the ABA National Commercial Lending School.

Brian WalhoodPresident – Northeast Region

Brian Walhood has 26 years of experience in commercial banking.  Brian serves as President of the Northeast Region of BancorpSouth with responsibility for 79 banking locations in Tennessee and the north half of Mississippi, with approximately $3.7 billion in deposits and $1.9 billion in loans. 

Brian joined BancorpSouth in 1988 as a Management Trainee.  He has served as a loan officer, bank manager, Community Bank President and Division President.  He was named President of BancorpSouth'sMonroe, Louisiana Division in 2001, and has served as BancorpSouth's President - Northeast Region since 2003.

Brian earned a Bachelor's degree in Banking and Finance from Mississippi State University and is a graduate of The Graduate School of Banking of the South at LSU.

Mike MeyerExecutive Vice President

Mike Meyer has over 24 years of experience in commercial banking and bank management.  Mike serves as Executive Vice President, assisting with efficiency improvements across the footprint for BancorpSouth and expansion in the Texas markets.

Mike joined BancorpSouth in 2014 after serving for nine years with Prosperity Bank as President of the Central Texas Area, a $1.4 Billion, 34 location business unit.  He also served as Chairman/President of Village Bank and Trust in Austin, Texas, a $100 Million community bank.  From 1991 through 1998, Mike was Owner, President and CEO of M-R Medical, a medical equipment and respiratory services company located in Dallas, Texas.

Mike earned a Bachelor's degree in Finance from The University of Texas and is a graduate of the Southwestern School of Banking at SMU.

Scott DickeyPresident – BancorpSouth Mortgage Services

Scott Dickey has 21 years of experience in the mortgage industry, and serves as President of BancorpSouth Mortgage Services.  His experience in capital markets, product development, operations and credit policy will support growth in the area.  Scott joined BancorpSouth in 2013 after serving as Senior Vice President of Secondary Marketing with SouthTrust and Regions Bank, in Birmingham, AL.

Scott earned a Bachelor's Degree in Finance from the University of Alabama at Birmingham.  He is a former board member and past President of the Mortgage Bankers Association of Alabama.

George CarterExecutive Vice President & Chief Loan Administration Officer

George Carter has 28 years of experience in commercial banking.  George serves as Executive Vice President & Chief Loan Administration Officer. He is responsible for Credit Risk and Loan Operations.

George joined BancorpSouth in 1986.  His career includes increasing responsibilities within the bank including management of the loan review function, regional loan administrator and commercial real estate risk management. He is a member of the company's Credit Committee. 

George earned Bachelor's degrees in Agricultural Economics and Banking and Finance from Mississippi State University, and a Masters of Agriculture from Mississippi State.  He is also a graduate of the Graduate School of Banking of the South at Louisiana State University.

Terry MobleyPresident – Wealth Management Services

Terry Mobley has 27 years of experience in banking and financial services.  Terry serves as President – Wealth Management Services, and is responsible for the Company's trust, asset management and investments lines of business.

Terry joined BancorpSouth in 2008 as Senior Vice President after serving as Senior Vice President and Regional Wealth Management Executive of Trustmark National Bank.  He also served as a regional bank executive of SEI Investments, Senior Vice President /Trust Officer/Director of Financial Services of Troy Bank & Trust in Troy, AL and Regional Account Executive of CitiCorp Bank in Atlanta, GA.

Terry earned a Bachelor's degree in Finance from Troy State University in Troy, AL and  is a graduate of the National Graduate Trust School at Northwestern University in Evanston, IL.  He is a graduate of Southern Trust School held at Birmingham Southern University in Birmingham, AL, as well as the ABA National Graduate Trust School.  He has held designations of Series 6, 7, 63, 65, and Life and Health Insurance Licenses.  Terry also holds the Certified Trust and Financial Advisor, CTFA, designation. 

Michael LindseySenior Vice President & Chief Marketing Officer

Michael Lindsey has 25 years of experience in commercial banking.  Michael serves as Senior Vice President & Chief Marketing Officer.  He is responsible for corporate marketing, corporate communications, product development and training.

Michael joined BancorpSouth in 1989.  He has experience in systems development, debit cards, credit cards, online payments, Internet and mobile banking, customer service, and marketing.

Michael received a Bachelor of Business Administration in finance from the University of Mississippi, a Masters of Business Administration from the University of Memphis, and is a graduate of the ABA's Stonier Graduate School of Banking.

Che ClaySenior Vice President & Chief Compliance Officer

Che Clay has 13 years of experience in commercial banking.  Che serves as Senior Vice President and Chief Compliance Officer, reporting to the President and COO.  She is responsible for coordination and oversight of regulatory compliance.

Che joined BancorpSouth in 2001 in the Central Loan Operations area.  Prior to assuming a role in employee relations, Che earned a Bachelor of Business Administration from the University of Mississippi where her primary focus of study was Human Resource Management.  After earning a law degree from the University of Mississippi School of Law, Che worked as the Assistant Corporate Secretary for BancorpSouth with responsibilities in corporate governance affairs for the bank and its subsidiaries.  Che attended the ABA National Compliance School and is a member of the Mississippi Bar.

Jeannie McNinchSenior Vice President & Controller

Jeannie McNinch has been with BancorpSouth for 11 years.  Jeannie serves as Senior Vice President & Controller. 

Jeannie joined BancorpSouth in 2003 as a Vice President in the CFO's office.  She had previously served as Controller for Trammell Crow Company in Memphis, TN, and Supervising Senior for KPMG Peat Marwick in Memphis, TN.

Jeannie earned a Bachelor's degree and Master's degree in Accounting from Mississippi State University.  She is a Certified Public Accountant. 

Ken AndersonSenior Vice President & Chief Human Resource Officer

Ken Anderson has 31 years of experience in banking.  Ken serves as Senior Vice President & Chief Human Resource Officer.  His experience in operations, internal audit, loan administration, loan review, mortgage lending and as the employment relations manager and the assistant manager of human resources gives him the background necessary to lead the strategic mission of BancorpSouth's human resources.

Ken received a Bachelor's degree in Banking and Finance from University of Mississippi.  He is a graduate of Southern Trust School held at Birmingham Southern University in Birmingham, AL, as well as Trust Audit and Compliance School held at the University of North Carolina at Charlotte.  Ken also completed the National Truth-In-Lending Compliance School and the ABA National Compliance School held at the University of Oklahoma in Norman.  Ken has attained the designations of Certified Compensation Professional, (CCP) and Professional in Human Resources, (PHR).  

Will FisackerlySenior Vice President & Director of Corporate Finance

Will Fisackerly has been with BancorpSouth for 3 years.  He serves as Senior Vice President & Director of Corporate Finance.

Will joined BancorpSouth in 2011 as First Vice President and Director of Investor Relations, after serving as Audit Manager with KPMG LLP in Memphis, TN.  He was promoted to Senior Vice President and Director of Corporate Finance in 2013. 

Will earned a Bachelor of Accountancy degree and Master of Professional Accountancy degree from Mississippi State University.  He is a Certified Public Accountant. 

Fred KeenSenior Vice President & Chief Investment Officer

Fred Keen has 18 years of banking experience.  He serves as Senior Vice President & Chief Investment Officer.

Fred joined BancorpSouth in 1996 as a Management Trainee.  He has served as an officer in Loan Review, Small Business Loans, and Loan Administration.  In 2001 he moved to Accounting and Control until 2009. He then moved to the Funds Management division and was named leader of that division in 2011.

Fred earned a Bachelor's degree in Aerospace Engineering and a Master's degree in Business Administration from Mississippi State University. 

Keith MansfieldSenior Vice President & Chief Technology Officer

Keith Mansfield has 16 years of banking experience.  Keith serves as Senior Vice President & Chief Technology Officer.

Keith directs the planning and implementation of enterprise IT systems in support of business operations and is responsible for managing the Information Technology Group.  In addition, he is responsible for business continuity and information security.

Keith joined BancorpSouth in 1998 as a Management Trainee and has served in many roles with the bank including manager of the Electronic Banking, Internet Banking, and Wire Transfer departments.

Keith received a Bachelor of Business Administration in Accounting from the University of Tennessee at Martin, graduating with high honors and being named the Outstanding Student in Accounting and Administrative Services. 

Jerome Dominescy
Senior Vice President  & Deposit Operations Manager

Jerome Dominescy is responsible for all facets of Deposit Operations, Bank Security and the BancorpSouth Call Center. He is also responsible for leading the Company's operational process initiatives designed to improve efficiency, reduce costs, and improve the effectiveness in serving customers.

With over 34 years of management experience with banks that include Compass Bank and Bank One, and 9 years with BancorpSouth, Jerome has a track record of leading successful teams responsible for Deposit and Loan Operations, Consumer, Home Equity and Mortgage Lending, and business planning, design and implementation.  

Jerome has a Bachelor of Science with emphasis in Finance and Management from Birmingham-Southern College in Birmingham, AL.   

BancorpSouth, Inc. is a financial holding company headquartered in Tupelo, Mississippi, with approximately $13.1 billion in assets.  BancorpSouth Bank, a wholly-owned subsidiary of BancorpSouth, Inc., operates 295 commercial banking, mortgage, and insurance locations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee and Texas, including insurance location in Illinois.

SOURCE BancorpSouth