BancorpSouth Insurance Services Inc. announced Monday it would acquire Joe Max Green/Insurance Concepts Insurance Agency Inc. of Nacogdoches, Tex.
The deal is expected to close in the next five to seven days and would take effect at the beginning of this year, said James Threadgill, BancorpSouth's vice chairman. The price was not disclosed.
The Texas agency has about 100 employees who would become BancorpSouth employees, Mr. Threadgill said.
The agency operates in markets where BancorpSouth already operates, with $700 million in deposits and $550 million in loans in East Texas, Mr. Threadgill said.
