Jurisdiction

Holder of

Name

of Incorporation/Organization

Outstanding Stock

BancorpSouth Bank

Mississippi

BancorpSouth, Inc.

BancorpSouth Insurance Services, Inc.

Mississippi

BancorpSouth Bank

BancorpSouth Municipal Development Corporation

Arkansas

BancorpSouth Bank

BancorpSouth Bank Securities Corporation

Mississippi

BancorpSouth Bank

Business Holding Company Trust I

Delaware

BancorpSouth, Inc.

American State Capital Trust I

Delaware

BancorpSouth, Inc.

City Bancorp Preferred Trust I

Delaware

BancorpSouth, Inc.

Gumtree Wholesale Insurance Brokers, Inc.

Mississippi

BancorpSouth, Inc.