BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of BancorpSouth, Inc. (“BancorpSouth” or the “Company”) (NYSE:BXS). The investigation concerns possible violations of federal securities laws and focuses certain on statements issued by the Company concerning BancorpSouth’s business, operations and financial performance.
BancorpSouth operates as a financial holding company for BancorpSouth Bank that provides commercial banking and financial services to individuals and small-to-medium size businesses. The investigation is related to allegations that the Company’s credit practices violated Bank Secrecy Act and federal anti-money-laundering programs, that the Company’s lending practices were not in compliance with Consumer Financial Protection Bureau regulations, and that BancorpSouth’s financial statements were materially false and misleading. On July 21, 2014, BancorpSouth announced that “federal bank regulators have identified concerns during the course of routine supervisory activities regarding the Company’s procedures, systems and processes related to certain of its compliance programs, including its Bank Secrecy Act and anti-money-laundering programs. In addition, the Consumer Financial Protection Bureau currently is conducting a review of the Company’s fair lending practices.”
If you purchased BancorpSouth securities, if you have information or would like to learn more about these claims, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at 215-638-4847, Toll-Free at 888-638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.