Tupelo, Miss.-based BancorpSouth Inc. has named James D. Rollins III as its new CEO. Rollins served as president and chief operating officer of Prosperity Bancshares Inc., headquartered in Houston, since April 2006 and has been a director of Prosperity Bancshares since October 2006.
Rollins succeeds Aubrey B. Patterson, who is retiring. Patterson has served as BancorpSouth's chairman and CEO since 1991 and has been on the board of directors since 1983. He previously served as president and CEO from 1990 to 1991 and as president and chief operating officer from 1983 to 1990.