BancorpSouth taking $10.9M charge now to save $9M per year later

06/4/2013 | AmericanBanker.com (free registration)

Tupelo, Miss.-based BancorpSouth will take a charge of $10.9 million on an early retirement offer to employees, the bank said Monday. The move, part of cost cuts the bank is undertaking, is expected to save the company roughly $9 million a year, bank officials said.

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