Bancorp South
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.15% | Reward Checking | Performance Checking 1.75% - National Average |
| 0.03% | Savings | My Goal Savings 1.00% - Ally Bank Online Savings Account |
| 0.20% | Money Market | Money Market Plus 0.85% - Ally Bank Money Market Account |
Bancorp South is headquartered in Tupelo and is the 2nd largest bank in the state of Mississippi. It is also the 96th largest bank in the nation. It was established in 1876 and as of June of 2016, it had grown to 4,028 employees at 268 locations. Bancorp South has an A health rating.
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Excellent option for a hometown bank
Bancorp South is a great bank for a hometown bank. I personally prefer to use a hometown bank since they are easier to access. I can see my banker around town and it makes me feel like my money is safer. Bancorp South has all of the usual options that the larger banks have. They have excellent rates on loans, credit cards, etc. Checking and savings accounts are easy to open and even easier to access when you need money. The main aspect of this bank that would be nice to change a little would be the website. They don't have very much available online like the other banks do. While it is easy to walk into an office, I still like to do some banking online and it would be nice to have this option.
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 11813 |
| Year Established | 1876 |
| Employees | 4028 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.86% |
| Return on Equity - YTD | 7.46% |
| Annual Interest Income | $238.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $14.12B$13.62B |
| Loans | Q2 2016vs Q2 2015 | $10.66B$10.08B |
| Deposits | Q2 2016vs Q2 2015 | $11.38B$11.15B |
| Equity Capital | Q2 2016vs Q2 2015 | $1.60B$1.59B |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $126.9MM$138.3MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $62.3MM$59.0MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $14.7MM$24.3MM |
Always verify rates and promotions with the bank or credit union. We are not Bancorp South; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Bancorp South Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | - | - | Select Savings | |
| 0.03% | - | - | My Goal Savings |
Bancorp South Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.20%* | $250k* | $1m | Money Market Plus | ||
| OTHER TIERS: 0.05% → Up to $50k | 0.10% → $50k+ | 0.15% → $100k - $250k | |||||
| 0.20%* | $500k* | - | Money Market Select | ||
| OTHER TIERS: 0.05% → Up to $25k | 0.10% → $25k - $100k | 0.15% → $100k - $500k | |||||
Bancorp South Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.15%* | - | $30k | Performance Checking | ||
| OTHER TIERS: 0.05% → $30k+ | |||||
| 0.05%* | $5k* | - | Interest Plus Checking | ||
| OTHER TIERS: 0.02% → Up to $5k | |||||
| 0.02% | - | - | Heritage Checking | ||
Bancorp South has 244 locations. Click to view all Bancorp South locations.