BancorpSouth, Inc. Declares Quarterly Dividend

At their regular quarterly meeting on January 27, 2010, the Board of Directors of BancorpSouth, Inc. declared a quarterly cash dividend of $0.22 per common share. The dividend is payable April 1, 2010 to shareholders of record at the close of business on March 15, 2010.

BancorpSouth previously reported net income of $19.4 million or $0.23 per diluted share for the fourth quarter of 2009. Net income for the twelve months ended December 31, 2009 was $104.3 million or $1.25 per diluted share.

BancorpSouth, Inc. is a financial holding company headquartered in Tupelo, Mississippi, with approximately $13.2 billion in assets. BancorpSouth Bank, a wholly-owned subsidiary of BancorpSouth, Inc., operates approximately 318 commercial banking, mortgage, insurance, trust and broker/dealer locations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee and Texas. BancorpSouth Bank also operates an insurance location in Illinois.

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SOURCE: BancorpSouth, Inc.

CONTACT: Bill Prater, Treasurer and Chief Financial Officer,
+1-662-680-2536, Gary Bonds, Senior Vice President and Principal Accounting
Officer, +1-662-680-2332