BancorpSouth (BXS) spent half of this year searching for its next chief executive, leaving a number of outsiders wondering if the Tupelo, Miss., company might consider selling itself instead.

The company on Monday resolved the CEO issue, hiring Dan Rollins to succeed the retiring Aubrey Patterson. For some observers, the company made a statement by hiring the former president of Prosperity Bancshares (PB) in Houston: it isn't looking to sell anytime soon.

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