BancorpSouth to Acquire Little Rock Agency

Tupelo, Miss.-based BancorpSouth Inc. has announced that it has executed a merger agreement with Little Rock-based Ramsey, Krug, Farrell & Lensing Inc. (RKF&L), one of Arkansas’ leading insurance firms. RKF&L was founded in 1980 with roots going back to 1932 and currently has 100 employees at its Cantrell Road offices.

RKF&L is a full-service independent insurance agency with specialties in construction and surety, professional liability and self-insured risk management services.

Prior to the RKF&L acquisition, BancorpSouth ranked 27th in the nation among bank holding companies selling insurance.

The acquisition of RFK&L is only the latest in a series of moves. In 1999, BancorpSouth acquired Stewart Sneed Hewes, Inc., of Gulfport, Miss., which ranks among the top 100 insurance agencies in the nation.

In 2000, BancorpSouth acquired Pittman Insurance Agency and the Kilgore, Seay and Turner Agency, each of which was a large independent agency based in Jackson, Miss. In May 2003, BancorpSouth acquired Wright & Percy of Baton Rouge, Louisiana’s oldest and largest independent insurance agency.

Topics Mergers & Acquisitions