Ark. Agencies to Merge

BancorpSouth Insurance Services Inc., a subsidiary of Mississippi-based BancorpSouth Bank, announced it reached an agreement to acquire Insurance Network of Jonesboro, Ark., effective Sept. 1, 2007.

Insurance Network will become part of BancorpSouth’s Little Rock, Ark., insurance division, Ramsey, Krug, Farrell and Lensing (RKF&L) and continue to serve clients in North Central and Northeast Arkansas with its present staff.

Insurance Network, originally incorporated as the Jonesboro Insurance Agency in 1971, serves clients in aviation, banking, construction, manufacturing and the professional and retail markets, including the provision of affluent market products for families.

RKF&L was founded in 1932 and became part of BancorpSouth Insurance Services Inc. in 2003. Together with BancorpSouth’s Louisiana insurance division, Wright & Percy, and its Mississippi insurance division, Stewart Sneed Hewes, BancorpSouth Insurance Services Inc. ranks 38th among the top insurance brokerage firms in America, according to the announcement.

BancorpSouth Bank operates 290 commercial banking, mortgage, insurance, trust and broker/dealer locations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee and Texas.

Source: BancorpSouth, www.bancorpsouth.com/