Bancorpsouth bought my neighborhood bank literally next door to the building I live in. If you want a taste for the antebellum deep South, visit any of their locations. Based in Mississippi, they are notorious for their racist practices. "United States and Consumer Financial Protection Bureau v. BancorpSouth Bank (N.D. Miss.)
The consent order also includes a $2.78 million settlement fund to remediate harmed borrowers for pricing and underwriting discrimination; a $4 million loan subsidy program to extend mortgage loans to qualified applicants in the Memphis MSA; at least $800,000 in advertising, outreach, and community partnerships; and a $3 million civil money penalty to the CFPB. The court entered the consent order on July 25, 2016."
This location was bought by Cadence Bank based in Georgia. "Cadence Bancorporation Under the consent order, the Bank will invest $4.17 million in a loan subsidy fund for residents of predominantly Black and Hispanic neighborhoods in the Houston area, $750,000 for development of community partnerships to provide services that increase access to residential mortgage credit in those neighborhoods, and at least $625,000 for advertising, outreach, consumer financial education, and credit repair initiatives"
They have been charging me for a business account which I don't have for the past 10 years or more. It was under a code that nobody could tell me what it was.
Stay away. The roots of this bank are evil, and the current manifestations are worse.....and I am an old white man. read more