Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of BancorpSouth, Inc.

Law Offices of Howard G. Smith announces that it is investigating potential claims against BancorpSouth, Inc. (“BancorpSouth” or the “Company”) (NYSE:BXS) concerning possible securities violations related to the Company’s public statements regarding its financial performance. BancorpSouth operates as a financial holding company for BancorpSouth Bank that provides commercial banking and financial services to individuals and small-to-medium size businesses in Mississippi, Tennessee, Alabama, Arkansas, Texas, Louisiana, Florida, Missouri and Illinois.

The investigation concerns the Company’s February 25, 2010, announcement that it will postpone the filing of BancorpSouth’s Form 10-K for the year ended December 31, 2009, with the Securities and Exchange Commission. According to the statement, “management has determined...that certain asset quality indicators, including the allowance for credit losses, and their impact on BancorpSouth's financial statements for the quarter ended December 31, 2009 should be further reviewed.” The Company further announced that BancorpSouth’s financial results for the quarter and year ended December 31, 2009, will be adjusted prior to issuance of the Company’s Annual Report on Form 10-K, and that the adjustments are expected to decrease net income.

As a result of this news, the next day BancorpSouth’s stock price declined approximately 13%, to close on February 26, 2010, at $19.25 per share, on extremely heavy trading volume of more than 6.8 million shares traded.

If you own shares of BancorpSouth, Inc. stock and suffered a loss, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

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