BancorpSouth, Inc. Declares Quarterly Dividend

At their regular quarterly meeting on January 24, 2001, the Board of Directors of BancorpSouth, Inc. declared a quarterly cash dividend of $0.14 per common share. The dividend is payable April 2, 2001 to shareholders of record at the close of business on March 15, 2001.

BancorpSouth previously reported operating net income of $22.8 million or $0.27 per diluted share for the fourth quarter of 2000. Net earnings for the fourth quarter of 2000 were $12.3 million or $0.15 per diluted share.

BancorpSouth, Inc. currently operates banking, insurance and financial service offices in Alabama, Arkansas, Mississippi, Tennessee, Texas and Louisiana.

SOURCE: BancorpSouth, Inc.

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