BXS BancorpSouth Bank

Bronstein, Gewirtz & Grossman, LLC announces that a class action has been filed in the United States District Court for the Middle District of Tennessee on behalf of those who purchased or otherwise acquired stock of BancorpSouth, Inc. ("Bancorp" or the "Company") (NYSE: BXS) during the period between July 23, 2009 through and including February 25, 2010 (the "Class Period").

The complaint charges Bancorp and certain of its officers and directors with violations of Securities Exchange Act of 1934. The complaint alleges that during the Class Period, defendants issued materially false and misleading statements regarding the Company's business by failing to disclose the extent of seriously delinquent commercial real estate and construction and land loans. The Company also failed to adequately and timely record losses for its impaired loans, causing its financial statements to be materially false. As a result, Bancorp's stock traded at artificially inflated prices during the Class period, reaching a high of $25.13 per share on October 14, 2010.

On February 25, 2010, after the market closed, Bancorp announced that it would be postponing the filing of its form 10K with the SEC for the year December 31, 2009, in order to further review its allowance for credit losses and their impact on the Company's results. Bancorp further reported that based on its review, it expected to adjust its previously reported financial results for the quarter and year ended December 31, 2009 to decrease net income. On this news, Bancorp's stock fell $3.10 per share to close at $19.47 per share on February 26, 2010, a one-day decline of over 13% on high volume, and a decline of 23% from the stock's Class Period high.

No Class has yet been certified in the above action. If you wish to review a copy of the Complaint, to discuss this action, or have any questions, please contact either Peretz Bronstein or Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email eitan@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. July 12, 2010 is the deadline for investors to seek a lead plaintiff appointment.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate work, private securities offerings, and securities arbitration.

Peretz Bronstein or Eitan Kimelman Bronstein, Gewirtz & Grossman, LLC 212-697-6484 Email Contact