BancorpSouth, Inc. Declares Quarterly Dividend

At their regular quarterly meeting on July 26, 2000, the Board of Directors of BancorpSouth, Inc. declared a quarterly cash dividend of $0.13 per common share. The dividend is payable October 2, 2000 to shareholders of record at the close of business on September 15, 2000.

BancorpSouth previously reported net income of $17.9 million or $0.32 per share for the second quarter of 2000.

BancorpSouth, Inc. currently operates banking, insurance and financial service offices in Mississippi, Alabama and Tennessee. A merger with First United Bancshares, Inc., which operates banking and insurance offices in Arkansas, Louisiana and Texas, is pending and expected to close in the third quarter.

SOURCE: BancorpSouth, Inc.

Contact: L. Nash Allen, Jr., 662-680-2330, or Gary C. Bonds,
662-680-2332, both of BancorpSouth, Inc.