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BancorpSouth president moves to Springfield First Community Bank

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Last edited 5:15 p.m., June 14, 2011

Robert Fulp, who recently resigned his post as president of BancorpSouth in Springfield, has been hired as chairman and CEO of Springfield First Community Bank.

"We are pleased to welcome Rob to the family of SFC bankers," SFC bank president Brian Straughan said in a news release. "His extensive banking and community experience will further complement our culture of community and relationship banking."

Straughan is one of three former BancorpSouth executives - along with Jan Baumgartner and Kirk Bossert - who started Springfield First Community Bank in 2008, according to Springfield Business Journal archives.

Springfield First now employs 32 workers and has more than $215 million in assets after starting in 2008 with 22 employees and $22 million in investment capital raised from 71 local business owners and their families.

Fulp, a graduate of Missouri State University, has more than 30 years of banking experience in the Springfield market. He is also former president of The Signature Bank, which was bought out by BancorpSouth for roughly $170 million in March 2007.

Fulp and BancorpSouth Missouri President Dave Kunze could not be reached for comment.

Tupelo, Miss.-based BancorpSouth Inc. (NYSE: BXS), the holding company for six BancorpSouth branches in Springfield, reported a net loss of $494,000 during the first quarter, a 105.9 percent decrease from first-quarter 2010 earnings of $8.4 million.

The company's shares were trading at $12.14 as of 4:15 p.m., compared to a 52-week range of $11.57 to $19.24.[[In-content Ad]]

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