Security News in Brief: Justice Department Requires Divestitures in BancorpSouth Bank’s Merger with Cadence Bank

Source: United States Department of Justice 2

The Department of Justice announced today that BancorpSouth Bank and Cadence Bank have agreed to sell seven branches in northeastern Mississippi, with more than $446 million in deposits, to resolve antitrust concerns arising from BancorpSouth’s planned acquisition of Cadence Bank.