After a 40-year career, L. Nash Allen Jr. is retiring from the only company he’s ever worked for, BancorpSouth.
The Tupelo-based financial holding company announced Wednesday that Allen, who joined the company in 1969, will be stepping down as treasurer and chief financial officer on June 30.
He’ll be replaced by William L. Prater, 49, who has been executive vice president since September 2008.
Allen joined BancorpSouth in 1969 as a management trainee after graduation from the University of Mississippi. He also was an officer in the U. S Army. He was promoted to assistant vice president and assistant controller in 1974, named controller in 1977, promoted to CFO in 1986 and named executive vice president and CFO in 1992.
“Nash Allen has served our company for four decades, providing leadership and guidance during a time of unprecedented change in accounting and regulatory standards in our industry,” said BancorpSouth Chairman and CEO Aubrey Patterson. “As a valued member of our management team, Nash has been involved in every major financial decision affecting BancorpSouth during his tenure as CFO. His contributions to BancorpSouth are numerous and he will be missed.”
When Nash joined BancorpSouth, the bank had less than $100 million in assets. Today, assets total almost $13.5 billion.
Before joining BancorpSouth, Prater was executive vice president of finance at Regions Bank, vice president of finance at AmSouth Bank and vice president of finance at SouthTrust Corp.
“Since joining BancorpSouth, Bill Prater has gained the respect and confidence of our officers and staff,” Patterson said. “He brings a wealth of knowledge and experience to our management team.”
NEMS Daily Journal