Bancorpsouth continues Central Texas expansion

Tupelo-based BancorpSouth Inc. has continued its push into the Austin market with the acquisition of Colonial National Mortgage, a residential mortgage company that operates three Central Texas offices. The deal comes four months afterBancorpSouth announced plans to acquire the parent company of First State Bank of Central Texas, Central Community Corp. The merger with Fort Worth-based Colonial National Mortgage will give BancorpSouth 18 employees in the Austin area. The company plans to hire an… Reported by bizjournals 23 minutes ago.