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BancorpSouth Closes Buyout of Alexander & Sanders Insurance

October 9, 2020
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BancorpSouth Bank BXS recently announced the acquisition of the assets of Alexander & Sanders Insurance Agency, Inc. The company completed the deal through its subsidiary, BXS Insurance, Inc. The terms of deal have not been disclosed yet.

The Baton Rouge, LA-based Alexander & Sanders Insurance is a provider of risk management and insurance services to professional firms across Louisiana over the past few decades. Post the acquisition’s closure, Alexander & SandersInsurance will continue its operations from BXS Insurance’s Baton Rouge, LA office.

Markham McKnight, president and chief executive officer of BXS Insurance said, “This transaction allows us to add talented leaders and teammates to our team and provides a unique opportunity to enhance our construction practice within Louisiana and across BXS Insurance’s footprint.”

Aided by its solid liquidity position, BancorpSouth has been making strategic investments through mergers and acquisitions (M&As). In recent years, the company has maintained an acquisition spree,

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BXS Insurance Announces Acquisition of Alexander & Sanders Insurance

October 8, 2020
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BATON ROUGE, La., Oct. 8, 2020 /PRNewswire/ — BXS Insurance, Inc., a subsidiary of BancorpSouth Bank (NYSE: BXS), has acquired the assets of Alexander & Sanders Insurance Agency, Inc.

Alexander & Sanders, headquartered in Baton Rouge, Louisiana, provides risk management and insurance services to professional firms across Louisiana. It was founded in 1958 and is owned by Wyatt Sanders and Justin Sanders. Alexander & Sanders will operate from BXS Insurance’s Baton Rouge, Louisiana office.

“This transaction allows us to add talented leaders and teammates to our team and provides a unique opportunity to enhance our construction practice within Louisiana and across BXS Insurance’s footprint,” said Markham McKnight, president and CEO of BXS Insurance. “We’re excited to blend Alexander & Sanders’ expertise with ours to provide exceptional services for our clients.”

Wyatt Sanders stated, “We’re proud to have served Louisiana professionals for more than 60 years,

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