Bank sets $500 million loan fund for Miss. firms

April 3, 2013 in Top Stories

BancorpSouth is setting aside a $500 million loan fund aimed at Mississippi businesses, saying it will work with state officials to find qualified borrowers.

Gov. Phil Bryant appeared with BancorpSouth executives to laud the move on March 28. The officials spoke at the headquarters of C Spire Wireless, citing the eight-story office building as an example of a project made possible by cooperation between BancorpSouth and a state program.

“Ensuring that businesses have access to capital is a critical element in positioning Mississippi as the top spot for economic development,” Bryant said. “I applaud BancorpSouth for taking a leadership role in this new effort.”