BancorpSouth extends of merger pacts with Central Community, Ouachita Bancshares
BancorpSouth announced the extension of the merger agreements with Central Community Corporation and Ouachita Bancshares Corp. The merger agreements were extended until December 31, 2017, with changes designed to protect the parties from the risks associated with the prolonged regulatory approval process that has delayed completion of the mergers. As previously announced, the mergers have been unanimously approved by the boards of directors of all three companies, and by the shareholders of Central Community Corporation and Ouachita Bancshares Corp. The transactions remain subject to required regulatory approvals and the satisfaction of other closing conditions, although BancorpSouth can provide no assurance that either merger will close timely or at all.