BancorpSouth, Inc. announced today that its board of directors has unanimously appointed James D. “Dan” Rollins III as the company’s new Chief Executive Officer.

Rollins will succeed Aubrey B. Patterson, BancorpSouth’s current CEO, and become a member of BancorpSouth’s board of directors on November 27, 2012.

Rollins, 53, has served as President and Chief Operating Officer of Prosperity Bancshares, Inc., headquartered in Houston, Texas, since April 2006 and has been a director of Prosperity Bancshares since October 2006.  Rollins served as Senior Vice President of Prosperity Bancshares from 2001 until 2006, and became President of Prosperity Bank in 2005.

“BancorpSouth is a respected financial services company in our industry with a long and distinguished record of service to its shareholders, customers and local communities,” said Rollins. “Aubrey Patterson’s 40-plus years of dedicated service have positioned BancorpSouth well. I am pleased to have this opportunity to follow Mr. Patterson, and to build on such a strong foundation of respect and accomplishment.”

Earlier this year, BancorpSouth announced Patterson’s plan to retire as CEO.

BancorpSouth, Inc. is a financial holding company headquartered in Tupelo, Mississippi, with $13.2 billion in assets. BancorpSouth Bank, a wholly-owned subsidiary of BancorpSouth, Inc., operates approximately 293 commercial banking, mortgage, insurance, trust and broker/dealer locations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee and Texas, including an insurance location in Illinois.

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