BancorpSouth closing Edwards & Utica branches - MSNewsNow.com - Jackson, MS

BancorpSouth closing Edwards & Utica branches

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JACKSON, MS (Mississippi News Now) -

It had been rumored for over a week, and now BancropSouth confirms that its branches in Utica and Edwards are on its closure list.

On May 11, the bank announced that it would close 23 branches in six states this summer as part of a plan to consolidate operations.

The company said the branches were chosen based on whether they had experienced enough growth to cover their operating expenses.

BancorpSouth anticipates that it will reap about $4.4 million annually in expense savings, beginning with the end of this year.

The closings will start in August. For a complete list of the closings, click here.

Copyright 2011 WLBT. All rights reserved. AP contributed to this report.

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