BancorpSouth Bank has completed its previously announced mergers with Dallas, Texas-based Casey Bancorp and its wholly owned subsidiary, Grand Bank of Texas (collectively referred to as “Grand Bank”), and with Jackson, Alabama-based Merchants Trust and its wholly owned subsidiary, Merchants Bank (collectively referred to as “Merchants Bank”), effective April 1, 2019.
“We’re pleased to complete our mergers with these two outstanding banks,” said BancorpSouth chairman and chief executive officer Dan Rollins. “By combining with Grand Bank and Merchants Bank, we’re able to expand our presence in key markets and align with experienced teams of bankers who share our focus of providing superior service to customers and improving our communities.”
At this time, customers should continue using their current branches, checks, bank cards, online banking and other banking services. Detailed communications will be provided to all Grand Bank and Merchants Bank customers prior to the system conversions.
“We’re looking forward to working with BancorpSouth to build an even stronger franchise and continuing our proud legacy of delivering an exceptional banking experience,” said BancorpSouth Dallas area chairman Michael T. Casey, former chairman and chief executive officer of Grand Bank. “We’re confident that this combination will bring significant opportunities and benefits to all of our stakeholders.”