TUPELO, Miss., Nov. 19, 2015 /PRNewswire/ -- BancorpSouth has announced Phil Sandoval has joined the bank in Birmingham, Alabama as First Vice President and Community Development Lending Manager. Sandoval brings 30 years of experience in the mortgage banking industry. Prior to joining BancorpSouth, he most recently served with several leading national mortgage companies with responsibilities in regional sales, operations and compliance.
In his new BancorpSouth position, Sandoval will lead the bank's efforts in developing and promoting affordable mortgage lending products throughout the bank's footprint, including low and moderate income areas and emerging markets.
"Phil Sandoval's years of experience and knowledge of the mortgage banking industry will enhance our team's efforts in serving these important markets," said Scott Dickey, President of BancorpSouth Mortgage. "We are pleased to have Phil join the BancorpSouth team."
Sandoval began his business career analyzing and assisting in the sale, disposition and conversion of "troubled" savings and loan institutions. His work led to an introduction to Freddie Mac where he served for 11 years in roles including product development, structured securitizations, capital markets, credit underwriting, and relationship management. He later served as a CFO and executive director for two tech startup companies. In 2001, he returned to mortgage banking, serving in management roles with major mortgage banking companies in the Southeast.
Sandoval is a graduate of The George Washington University with a Bachelor of Finance and Investments. Sandoval and his wife have three children, and are active in the Birmingham area serving several not-for-profit organizations.
BancorpSouth, Inc. (NYSE: BXS) is a financial holding company headquartered in Tupelo, Mississippi, with approximately $13.8 billion in assets. BancorpSouth Bank, a wholly-owned subsidiary of BancorpSouth, Inc., operates 286 commercial banking, mortgage, and insurance locations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee and Texas, including an insurance location in Illinois. "Like" us on Facebook; follow us on Twitter@MyBXS; or connect with us through LinkedIn.
SOURCE BancorpSouth, Inc.