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Geographic expansion underscores growth strategies: banks set range of objectives to achieve longer-term goals.

Publication: Mississippi Business Journal
Publication Date: 28-NOV-05 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Geographic expansion underscores growth strategies: banks set range of objectives to achieve longer-term goals.(Banking & Finance)

Article Excerpt
TUPELO -- Read the pages of financial services industry magazines, and it's clear that geographic expansion has underscored the growth strategies of many banks of all sizes throughout the country. But as banks look to new markets, they are doing so with very specific objectives to meet longer-term strategic goals.

Additionally, many are diversifying the means by which they enter markets, with initiatives ranging from mergers and acquisitions to de novo entries.

The expansion efforts of Tupelo-based BancorpSouth provide insight into this type of strategic thinking.

Geographic expansion not new

Strategic geographic expansion is nothing new for BancorpSouth, which has grown to an $11.1-billion-asset company doing business...

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