Ad Spot

State Bank completes merger with name change to BankPlus

State Bank is now BankPlus.

Though the banks began their merger nine months ago, the name change has just taken effect.

BancPlus Corporation acquired State Capitol Corp. in September 2019, completing the merger effective April 1. At that point, BancPlus merged its subsidiary BankPlus with the SCC subsidiary State Bank.

State Bank and Trust Company operated as a division of BankPlus until the close of business Friday. Now the companies have merged under the name BankPlus. The Bank has two locations in Brookhaven — one on South Railroad Avenue and the other on Brookway Boulevard.

Based on financial data from 2019, the combined company was projected to have approximately $4.2 billion in assets, deposits of $3.7 billion and gross loans of $3.1 billion at the time of purchase at the time of the merger.

Headquartered in Greenwood, State Bank was founded in 1898 and was in 2019 the 10th largest financial institution headquartered in Mississippi, operating 32 branches in Mississippi, Louisiana and Alabama.

Founded in Belzoni in 1909 and headquartered in Ridgeland, BankPlus operated 55 locations in Mississippi in 2019.

State Bank’s acquisition by BancPlus created the sixth largest bank by deposits in Mississippi, and allowed BankPlus to expand into the neighboring markets of Louisiana and Alabama.

The combined banking company now has branches in 53 cities across the three states.

News

Good morning Brookhaven! Stormy morning before blue skies return for holiday

News

No one needs to miss a Thanksgiving meal this year

News

City, county garbage schedules won’t be affected by holiday

News

‘Empty the Shelters’ event returns to BARL in December

News

MHP travel enforcement period to begin at midnight

News

Efforts to convince Mississippians to take coronavirus seriously ‘going nowhere,’ state health officer says

News

Lincoln, Lawrence counties added to mask mandate

News

Good Morning Brookhaven! Enjoy sunny Thanksgiving before a weekend of heavy rain

Galleries

Police seek burglary suspects

News

Area offices and businesses announce holiday closings

News

Brookhaven schools to return to hybrid learning

News

After record 1-day numbers, Mississippi’s COVID count falls below 700

News

Good Morning Brookhaven! Cold front may bring storms, winds just before Thanksgiving

News

Coronavirus pressures Mississippi hospitals; no ICU beds in Natchez, Brookhaven, state reports

News

Mississippi shatters single-day coronavirus new case record

News

Fire at BBQ restaurant contained

News

Brookhaven man honored with Rotary award

News

COVID update — 1,638 new cases statewide

News

Good morning Brookhaven! Cold fronts coming just before Thanksgiving holiday

News

State shuts down Mississippi daycare after 8-week-old baby dies

News

Former Monticello deputy clerk arrested

News

Longtime insurance agent reflects on his four decade career

Galleries

New fire station celebrates opening

News

COVID update — 1,395 new cases statewide