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<TITLE>BANCORPSOUTH, INC. - FORM S-8</TITLE>
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>As
filed with the Securities and Exchange Commission on April 19, 2006</B>
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Registration No.&nbsp;333-&#091;<B>&#149;</B>&#093;<BR>
<DIV style="border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV>
</DIV>

<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM S-8</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>REGISTRATION STATEMENT<BR>
UNDER THE SECURITIES ACT OF 1933</B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>BANCORPSOUTH, INC.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>


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    <TD align="center" valign="top"><B>Mississippi</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>64-0659571</B></TD>
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<TR valign="bottom">
    <TD align="center" valign="top">(State or Other Jurisdiction of
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(IRS Employer</TD>
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<TR valign="bottom">
    <TD align="center" valign="top">Incorporation or Organization)
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    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Identification No.)</TD>
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>One Mississippi Plaza<BR>
201 South Spring Street<BR>
Tupelo, Mississippi 38804</B><BR>
(Address of Principal Executive Offices)<BR>
<DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>BancorpSouth, Inc. Amended and Restated Salary Deferral-Profit Sharing Employee Stock Ownership Plan</B><BR>
(Full Title of the Plan)
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Aubrey B. Patterson<BR>
Chairman and Chief Executive Officer<BR>
BancorpSouth, Inc.<BR>
One Mississippi Plaza<BR>
201 South Spring Street<BR>
Tupelo, Mississippi 38804</B><BR>
(Name and Address of Agent For Service)
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>(662)&nbsp;680-2000</B><BR>
(Telephone Number, Including Area Code, of Agent For Service)
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Copy to:<BR>
E. Marlee Mitchell, Esq.<BR>
Waller Lansden Dortch &#038; Davis, LLP<BR>
511 Union Street, Suite&nbsp;2700<BR>
Nashville, Tennessee 37219-1760<BR>
(615)&nbsp;244-6380
</DIV>


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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CALCULATION OF REGISTRATION FEE</B>
</DIV>

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    <TD nowrap align="left" colspan="23" style="border-bottom: 3px double #000000">&nbsp;</TD>
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    <TD>&nbsp;</TD>
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    <TD>&nbsp;</TD>
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    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed maximum</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed maximum</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
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    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
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<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>Title of each class of securities</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount to be</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>offering price</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>aggregate offering</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount of</B></TD>
    <TD width="1%">&nbsp;</TD>
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    <TD nowrap align="center"><B>to be registered</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>registered</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>per share</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>price</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>registration fee</B></TD>
    <TD width="1%">&nbsp;</TD>
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                    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common stock, par value $2.50 per share (1), (2)</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">1,000,000 </TD>
    <TD nowrap style="border-top: 2px solid #000000">(3)</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" style="border-top: 2px solid #000000" colspan="3">$&nbsp;23.76(4)</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">23,760,000</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">2,542.32</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
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<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes associated preferred stock purchase rights which, prior to the occurrence of certain
events, will not be exercisable or evidenced separately from the common stock.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Pursuant to Rule 416(a) of the Securities Act of 1933, as amended, this Registration
Statement shall also cover any additional shares of the Registrant&#146;s common stock that became
issuable under the employee benefit plan described herein by reason of any stock dividend,
stock split, recapitalization or other similar transaction affected without the receipt of
consideration that increases the number of the Registrant&#146;s outstanding shares of common
stock.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>In addition, pursuant to Rule&nbsp;416(c), this Registration Statement also covers an
indeterminate amount of interests to be offered or sold pursuant to the employee benefit plan
described herein.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>Estimated pursuant to Rule 457(c) and Rule 457(h) solely for purposes of calculating the
amount of the registration fee, based upon the average of the high and low prices reported on
April&nbsp;12, 2006, as reported on the New York Stock Exchange.</TD>
</TR>

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<P align="center" style="font-size: 10pt">&nbsp;
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXPLANATORY NOTE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Registration Statement on Form S-8 is intended to supersede and replace BancorpSouth&#146;s
Registration Statement (No.&nbsp;2-88488) on Form S-8 filed on December&nbsp;21, 1983. This Registration
Statement contains a Reoffer Prospectus prepared in accordance with the requirements of Part&nbsp;I of
Form S-3 (in accordance with General Instruction C to Form S-8). The Reoffer Prospectus may be
used for reoffers and resales of up to 1,000,000 shares acquired pursuant to the BancorpSouth, Inc.
Amended and Restated Salary Deferral-Profit Sharing Employee Stock Ownership Plan by selling
shareholders, each of which may be deemed an &#147;affiliate&#148; (as such term is defined in Rule&nbsp;405 under
the Securities Act of 1933, as amended (the &#147;Securities Act&#148;)) of BancorpSouth (the &#147;Company&#148;).
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART I<BR>
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The documents containing the information specified in Part&nbsp;I of Form S-8 (plan information and
registrant information) will be sent or given to participants of the BancorpSouth, Inc. Amended and
Restated Salary Deferral-Profit Sharing Employee Stock Ownership Plan, as specified by Rule
428(b)(1) under the Securities Act. Such documents need not be filed with the Securities and
Exchange Commission either as part of this registration statement or as prospectuses or prospectus
supplements pursuant to Rule&nbsp;424 under the Securities Act. These documents and the documents
incorporated by reference in this Registration Statement pursuant to Item&nbsp;3 of Part&nbsp;II of this
registration statement, taken together, constitute a prospectus that meets the requirements of
Section 10(a) of the Securities Act.
</DIV>

<P align="center" style="font-size: 10pt">1
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">REOFFER PROSPECTUS
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>1,000,000 Shares</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><IMG SRC="g00899g0089901.jpg" alt="(BANCORPSOUTH LOGO)">
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Common Stock</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Prospectus relates to the reoffer and resale by certain selling shareholders of
BancorpSouth, Inc. (referred to as &#147;we&#148; and &#147;our&#148; in this Prospectus) of up to 1,000,000 shares of
our common stock that may be distributed to the selling shareholders from the BancorpSouth, Inc.
Amended and Restated Salary Deferral-Profit Sharing Employee Stock Ownership Plan, referred to as
the Employee Stock Ownership Plan in this Prospectus.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Prospectus may only be used if a supplement is attached which contains the names of the
selling shareholders and the amount of shares of our common stock to be reoffered by them.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We will not receive any of the proceeds from the sale of the shares by the selling
shareholders. We will bear all expenses incurred in connection with the registration of the shares
being offered by the selling shareholders, except that the selling shareholders shall be
responsible for all underwriting discounts and selling commissions, fees and expenses of counsel
and other advisors to the selling shareholders, transfer taxes and related charges in connection
with the offer and sale of these shares.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our common stock is listed on the New York Stock Exchange under the symbol &#147;BXS.&#148;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>You should carefully consider the risk factors which are incorporated by reference into this
Prospectus.</I>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Neither the Securities and Exchange Commission nor any state securities commission has
approved or disapproved of the shares of our common stock to be issued under this Prospectus or
determined if this Prospectus is truthful or complete. Any representation to the contrary is a
criminal offense.</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Shares of our common stock are not savings or deposit accounts and are not insured by the
Federal Deposit Insurance Corporation or any other governmental agency.</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">The
date of this Prospectus is April 19, 2006.
</DIV>


<P align="center" style="font-size: 10pt">2
</DIV>

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<A name="tocpage"></A>
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>TABLE OF CONTENTS</B>
</DIV>

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    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Heading</B></TD>
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    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#101">The Company</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#102">Use of Proceeds</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#103">Selling Shareholders</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#104">Plan of Distribution</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#105">Available Information</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#106">Incorporation of Certain Information by Reference</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
</TR>
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<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="g00899exv5w1.txt">EX-5.1 IRS DETERMINATION LETTER</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="g00899exv23w1.txt">EX-23.1 CONSENT OF EXPERT</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="g00899exv99w1.txt">EX-99.1 BANCORPSOUTH, INC. AMENDED AND RESTATED SALARY DEFERRAL - PROFIT SHARING EMPLOYEE STOCK OWNERSHIP PLAN</A></FONT></TD></TR>
</TABLE>
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>

<DIV align="left">
<A name="101"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>THE COMPANY</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BancorpSouth, Inc. is a Mississippi corporation and a financial holding company with
commercial banking and financial services operations in Alabama, Arkansas, Louisiana, Mississippi,
Tennessee and Texas. Our principal subsidiary is BancorpSouth Bank. We conduct a general commercial
banking and trust business through BancorpSouth Bank, which has its principal office in Tupelo, Lee
County, Mississippi, and operates offices in Alabama, Arkansas, Louisiana, Mississippi, Tennessee
and Texas. BancorpSouth Bank has grown through the acquisition of other banks, the purchase of
assets from federal regulators and through the opening of new branches and offices.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our lending activities include both commercial and consumer loans. Loan originations are
derived from a number of sources including real estate broker referrals, mortgage loan companies,
direct solicitation by its loan officers, existing savers and borrowers, builders, attorneys,
walk-in customers and, in some instances, other lenders. We have established disciplined and
systematic procedures for approving and monitoring loans that vary depending on the size and nature
of the loan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We offer a variety of services through the trust department of BancorpSouth Bank, including
personal trust and estate services, certain employee benefit accounts and plans, including
individual retirement accounts, and limited corporate trust functions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We provide, through our subsidiaries, a range of financial services to individuals and
small-to-medium size businesses. BancorpSouth Bank operates investment services,
credit insurance and insurance agency subsidiaries which engage in investment brokerage
services, credit insurance sales and sales of other insurance products.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our principal office is located at One Mississippi Plaza, 201 South Spring Street, Tupelo,
Mississippi 38804 and our telephone number is (662)&nbsp;680-2000.
</DIV>
<DIV align="left">
<A name="102"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>USE OF PROCEEDS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We will not receive any proceeds from the sale of shares of our common stock by the selling
shareholders.
</DIV>

<P align="center" style="font-size: 10pt">3
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<A name="103"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SELLING SHAREHOLDERS</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The issuance of 1,000,000 shares of our common stock under the Employee Stock Ownership Plan
has been registered under the Securities Act of 1933, as amended (the &#147;Securities Act&#148;) by a registration statement on Form S-8. This
Prospectus is to be used in connection with any resales of our common stock acquired under the
Employee Stock Ownership Plan by persons who may be considered our &#147;affiliates&#148; within the meaning
of the Securities Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At the date of this Prospectus, we do not know the names of persons who intend to resell
shares of our common stock distributed under the Employee Stock Ownership Plan. The selling
shareholders will be our executive officers who have received, or may receive, distributions of
shares of our common stock under the Employee Stock Ownership Plan. Each of these persons may be
considered our &#147;affiliate&#148; within the meaning of the
Securities Act. We will
supplement this Prospectus with the names of the selling shareholders and the number of shares of
our common stock to be reoffered by them as that information becomes known.
</DIV>
<DIV align="left">
<A name="104"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PLAN OF DISTRIBUTION</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The shares may be offered by the selling shareholders from time to time in transactions
through the New York Stock Exchange, in the over-the-counter market, in negotiated transactions,
through the writing of options on the shares or a combination of these methods of sale, at prices
related to prevailing market prices or at negotiated prices. The selling shareholders may effect
these transactions by selling the shares to or through broker-dealers and these broker-dealers may
receive compensation in the form of discounts, concessions or commissions from the selling
shareholders and/or the purchaser of the shares for which such broker-dealers may act as agent or
to whom they sell as principal, or both. This compensation as to a particular broker-dealer might
be in excess of customary commissions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There is no assurance that any of the selling shareholders will sell any or all of the shares
of our common stock offered under this Prospectus.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have agreed to pay all expenses incurred in connection with the registration of the shares
of our common stock offered under this Prospectus, except that the selling shareholders shall be
responsible for all underwriting discounts and selling commissions, fees and expenses of counsel
and other advisors to the selling shareholders, transfer taxes and related charges in connection
with the offer and sale of these shares.
</DIV>
<DIV align="left">
<A name="105"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>AVAILABLE INFORMATION</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have filed with the Securities and Exchange Commission under the Securities Act of 1933 a
registration statement on Form S-8 that registers the distribution of the shares of our common
stock to be issued to the selling shareholders under the Employee Stock Ownership Plan. The
registration statement, including the attached exhibits and schedules, contains additional relevant
information about us, the Employee Stock Ownership Plan and our common stock. The rules and
regulations of the Securities and Exchange Commission allow us to omit certain information included
in the registration statement from this Prospectus.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, we file reports, proxy statements and other information with the Securities and
Exchange Commission under the Securities Exchange Act of 1934, as
amended (the &#147;Exchange Act&#148;). You may read and copy
any document we file with the Securities and Exchange Commission at its Public Reference Room at
100 F. Street, N.E., Washington, D.C. 20549. Please call the Securities and Exchange Commission at
1-800-SEC-0330 for further information on the operation of the Public Reference Room.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Securities and Exchange Commission also maintains an Internet web site that contains
reports, proxy statements and other information about issuers, like us, which file electronically
with the Securities and Exchange Commission. The address of that site is http://www.sec.gov.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You can also inspect reports, proxy statements and other information about us at the offices
of the New York Stock Exchange, 20 Broad Street, New York, New York 10005.
</DIV>

<P align="center" style="font-size: 10pt">4
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<A name="106"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>INCORPORATION OF CERTAIN INFORMATION BY REFERENCE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Securities and Exchange Commission allows us to &#147;incorporate by reference&#148; information
into this Prospectus from documents that we have previously filed with the Securities and Exchange
Commission. This means that we can disclose important information to you by referring you to
another document filed separately with the Securities and Exchange Commission. These documents
contain important information about us and our financial condition. The information incorporated by
reference is considered to be a part of this Prospectus, except for any information that is
superseded by other information that is set forth directly in this document.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Prospectus incorporates by reference the following documents with respect to us (file
number: 1-12991):
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Our Annual Report on Form 10-K for the fiscal year ended December&nbsp;31, 2005;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Our Current Report on Form 8-K dated January&nbsp;23, 2006;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The description of our common stock contained in our Registration
Statement on Form 8-A dated May&nbsp;14, 1997;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The description of our common stock purchase rights contained
in our
Registration Statement on Form 8-A dated May&nbsp;14, 1997; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The description of amendments to our common stock purchase rights contained in an
amended Registration Statement on Form 8-A/A dated as of March&nbsp;28, 2001.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We incorporate by reference additional documents that we will file with the Securities and
Exchange Commission pursuant to Section&nbsp;13(a), 13(c), 14 or
15(d) of the Exchange Act,
between the date of this Prospectus and the termination date of the Employee
Stock Ownership Plan. These documents include periodic reports, such as annual reports on Form
10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, as well as proxy statements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You can obtain copies of the documents incorporated by reference in this Prospectus with
respect to us without charge, excluding any exhibits to those documents unless the exhibit is
specifically incorporated by reference as an exhibit in this Prospectus, by requesting them in
writing or by telephone from us at the following:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 40%">BancorpSouth, Inc.<BR>
One Mississippi Plaza<BR>
201 South Spring Street<BR>
Tupelo, Mississippi 38804<BR>
(662)&nbsp;680-2000<BR>
Attention: Corporate Secretary

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You can also obtain copies of these documents free of charge though our web site
(www.bancorpsouthonline.com), from the Securities and Exchange Commission through its web site or at the
address described in the section captioned &#147;AVAILABLE INFORMATION&#148; above.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>You should rely only on the information contained in or incorporated by reference in this
Prospectus. We have not authorized anyone to provide you with information that is different from
the information in this document. This Prospectus is dated April 19, 2006. You should not assume
that the information contained in this document is accurate as of any date other than that date.
Neither the delivery of this Prospectus nor the distribution of our common stock under the Employee
Stock Ownership Plan shall create any implication to the contrary.</B>
</DIV>

<P align="center" style="font-size: 10pt">5
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART II<BR>
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;3. Incorporation of Documents by Reference.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents filed by the
Company with the Securities and Exchange Commission under
the Exchange Act, are incorporated herein by
reference:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The Company&#146;s Annual Report on Form 10-K for the fiscal year ended December&nbsp;31, 2005;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The Company&#146;s Current Report on Form 8-K dated January&nbsp;23, 2006;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The Company&#146;s Annual Report for the BancorpSouth, Inc. Amended and Restated Salary
Deferral-Profit Sharing Employee Stock Ownership Plan on Form 11-K for the year ended December&nbsp;31,
2004, and amended on Form 11-K/A dated July&nbsp;6, 2005;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;The description of BancorpSouth common stock contained in BancorpSouth&#146;s Registration
Statement on Form 8-A dated May&nbsp;14, 1997;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;The description of BancorpSouth common stock purchase rights contained in BancorpSouth&#146;s
Registration Statement on Form 8-A dated May&nbsp;14, 1997; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;The description of amendments to BancorpSouth common stock purchase rights contained in an
amended Registration Statement on Form 8-A/A dated as of March&nbsp;28, 2001.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents filed with the Securities and Exchange Commission by the Company pursuant to
Sections&nbsp;13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to the date of this Registration
Statement and prior to the filing of a post-effective amendment to this Registration Statement
which indicates that all securities offered hereby have been sold, or which deregisters all
securities then remaining unsold, shall be deemed to be incorporated by reference in this
Registration Statement and to be a part hereof from the date of filing of such documents. Any
statement contained herein or incorporated by reference herein shall be deemed to be modified or
superseded for purposes of this Registration Statement to the extent that a statement contained
herein or in any subsequently filed document which also is or is deemed to be incorporated by
reference herein modifies or supersedes such statement. Any statement so modified or superseded
shall not be deemed, except as so modified or superseded, to constitute a part of this Registration
Statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;4. Description of Securities.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;5. Interests of Named Experts and Counsel.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;6. Indemnification of Directors and Officers.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;Restated Articles of Incorporation and Amended and Restated Bylaws.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BancorpSouth&#146;s restated articles of incorporation provide that it will indemnify, and upon
request advance expenses to, any person (or his estate) who was or is a party to, or is threatened
to be made a party to, any legal proceeding because he is or was a director, officer, employee or
agent of BancorpSouth, or is or was serving at the request of BancorpSouth as a director, officer,
partner, trustee, employee or agent of another corporation, partnership or other entity, against
any liability incurred in that proceeding (a)&nbsp;to the full extent permitted by Section&nbsp;79-4-8.51 of
the Mississippi Business Corporation Act, and (b)&nbsp;despite the fact that such person did not meet
the standard of conduct set forth in Section&nbsp;79-4-8.51(a) of the Mississippi Business Corporation
Act or would be disqualified for indemnification under Section&nbsp;79-4-8.51(d) of the Mississippi
Business Corporation Act, if a
</DIV>

<P align="center" style="font-size: 10pt">II-1
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">determination is made by a person or persons enumerated in Section&nbsp;79-4-8.55(b) of the
Mississippi Business Corporation Act that (i)&nbsp;the person seeking indemnity is fairly and reasonably
entitled to indemnification in view of all of the relevant circumstances, and (ii)&nbsp;his acts or
omissions did not constitute gross negligence or willful misconduct. A request for reimbursement or
advancement of expenses prior to final disposition of the proceeding must be accompanied by an
undertaking to repay the advances if it is ultimately determined that he is not entitled to
indemnification and he did not meet the requisite standard of conduct, but it need not be
accompanied by an affirmation that the person seeking indemnity believed he has met the standard of
conduct. BancorpSouth may, to the full extent permitted by law, purchase and maintain insurance on
behalf of any such person against any liability which may be asserted against him or her.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BancorpSouth&#146;s amended and restated bylaws provide that it will indemnify any person who was
or is a party or is threatened to be made a party to any legal proceeding (other than a derivative
action for which indemnification is described below) because he is or was a director, officer,
employee or agent of BancorpSouth, or is or was serving at the request of BancorpSouth as a
director, officer, partner, trustee, employee or agent of another corporation, partnership or other
entity, against any expenses or awards actually and reasonably incurred by such person in
connection therewith to the fullest extent provided in BancorpSouth&#146;s restated articles of
incorporation and by law. BancorpSouth also will indemnify any person who was or is or is
threatened to be made a party to any derivative suit with respect to BancorpSouth because that
person is or was a director, officer, employee or agent of BancorpSouth, or is or was serving at
the request of BancorpSouth as a director, officer, partner, trustee, employee or agent of another
corporation, partnership or other entity, against expenses actually and reasonably incurred by such
person in connection with the defense or settlement of such action unless he is found to have
breached his duty to BancorpSouth to discharge his duties in good faith and with the care which an
ordinarily prudent person in a like position would exercise under similar circumstances, and in a
manner he reasonably believes to be in the best interests of BancorpSouth, unless, despite such
finding of liability, the court determines that he is entitled to indemnity. BancorpSouth&#146;s amended
and restated bylaws also provide that BancorpSouth may (i)&nbsp;advance to the person seeking indemnity
the expenses incurred in defending a proceeding upon receipt of an undertaking that he will repay
amounts advanced unless it ultimately is determined that he is entitled to be indemnified, and (ii)
purchase and maintain insurance on behalf of any person who is or was a director, officer, employee
or agent of BancorpSouth, or is or was serving at the request of BancorpSouth as a director,
officer, partner, trustee, employee or agent of another corporation, partnership or other entity,
against any liability arising out of his acting as such, whether or not BancorpSouth would have the
power to indemnify him against such liability under BancorpSouth&#146;s amended and restated bylaws.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;Mississippi Business Corporation Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition to the foregoing provisions of BancorpSouth&#146;s restated articles of incorporation
and amended and restated bylaws, officers and directors of BancorpSouth and its subsidiaries may be
indemnified by BancorpSouth pursuant to Sections&nbsp;79-4-8.50 through 79-4-8.59 of the Mississippi
Business Corporation Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;Insurance.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BancorpSouth maintains and pays premiums on an insurance policy on behalf of its officers and
directors against liability asserted against or incurred by such persons in or arising from their
capacity as such.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D.&nbsp;Securities
and Exchange Commission Policy on Indemnification.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification for liabilities arising under the Securities Act may be permitted
to directors, officers or persons controlling BancorpSouth pursuant to the foregoing provisions,
BancorpSouth has been informed that in the opinion of the Securities
and Exchange Commission such indemnification is against
public policy as expressed in the Securities Act and is therefore unenforceable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;7. Exemption from Registration Claimed.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>

<P align="center" style="font-size: 10pt">II-2
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;8. Exhibits.</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="80%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description of Exhibits</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Specimen Common Stock Certificate (1)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Rights Agreement, dated as of April&nbsp;24, 1991, including as Exhibit&nbsp;A the
forms of Rights Certificate and of Election to Purchase and as Exhibit&nbsp;B the
summary of Rights to Purchase Common Shares (2)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">First Amendment to Rights Agreement, dated as of March&nbsp;28, 2001 (3)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Certificate of Trust of BancorpSouth Capital Trust I (4)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Second Amended and Restated Trust Agreement of BancorpSouth Capital Trust I,
dated as of January&nbsp;28, 2002, between BancorpSouth, Inc., The Bank of New
York, The Bank of New York (Delaware) and the Administrative Trustees named
therein (5)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Junior Subordinated Indenture, dated as of January&nbsp;28, 2002, between
BancorpSouth, Inc. and The Bank of New York (5)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.7
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Guarantee Agreement, dated as of January&nbsp;28, 2002, between BancorpSouth,
Inc. and The Bank of New York (5)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.8
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Junior Subordinated Debt Security Specimen (5)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.9
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Trust Preferred Security Certificate for BancorpSouth Capital Trust I (5)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.10
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certain instruments defining the rights of certain holders of long-term debt
securities of the Registrant are omitted pursuant to Item&nbsp;601(b)(4)(iii)(A)
of Regulation&nbsp;S-K. The Registrant hereby agrees to furnish copies of these
instruments to the SEC upon request.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#151;</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">IRS Determination Letter</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Expert</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney (included on page II-5)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">BancorpSouth, Inc. Amended and Restated Salary Deferral-Profit Sharing
Employee Stock Ownership Plan</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Incorporated by reference to BancorpSouth, Inc.&#146;s Annual Report on Form 10-K for the year
ended December&nbsp;31, 1994.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Incorporated by reference to BancorpSouth, Inc.&#146;s Registration Statement on Form 8-A, filed
on April&nbsp;24, 1991.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>Incorporated by reference to BancorpSouth, Inc.&#146;s Form 8-A/A, filed on March&nbsp;28, 2001.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>Incorporated by reference to BancorpSouth, Inc.&#146;s Registration Statement on Form S-3, filed
on November&nbsp;2, 2001.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(5)</TD>
    <TD>&nbsp;</TD>
    <TD>Incorporated by reference to BancorpSouth, Inc.&#146;s Current Report on Form 8-K, filed on
January&nbsp;28, 2002.</TD>
</TR>

</TABLE>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9. Undertakings.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(a)&nbsp;The undersigned registrant hereby undertakes:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement to include any material information with respect to the
plan of distribution not previously disclosed in the registration statement or any material change
to such information in the registration statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;That, for the purpose of determining any liability under the Securities Act, each
such post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(b)&nbsp;The undersigned registrant hereby undertakes that, for purposes of determining any liability
under the Securities Act, each filing of the registrant&#146;s annual report pursuant to Section
13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing
of an employee benefit plan&#146;s annual report
</DIV>



<P align="center" style="font-size: 10pt">II-3
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">pursuant to Section 15(d) of the
Exchange Act) that is incorporated by reference
in the registration statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(c)&nbsp;Insofar as
indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the registrant pursuant to the
foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public policy as expressed in
the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the registrant of expenses incurred or paid by a
director, officer or controlling person of the registrant in the successful defense of any action,
suit or proceeding) is asserted by such director, officer or controlling person in connection with
the securities being registered, the registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the
question whether such indemnification by it is against public policy
as expressed in the Securities Act and
will be governed by the final adjudication of such issue.
</DIV>


<P align="center" style="font-size: 10pt">II-4
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>The Registrant</I>. Pursuant to the requirements of the Securities Act, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the requirements for
filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by
the undersigned, thereunto duly authorized, in the City of Tupelo, State of Mississippi, on
April 19, 2006.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">BANCORPSOUTH, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Aubrey B. Patterson
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Aubrey B. Patterson&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Chairman of the Board and<BR>
Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>POWER OF ATTORNEY</B>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and
appoints Aubrey B. Patterson and L. Nash Allen, Jr., and each of them, his true and lawful
attorney-in-fact, as agent and with full power of substitution and resubstitution for him and in
his name, place and stead, in any and all capacity, to sign any or all amendments to this
Registration Statement and any registration statement related to the same offering as this
Registration Statement that is to be effective upon filing pursuant to Rule 462(b) under the
Securities Act, and to file the same, with all exhibits thereto, and other documents in
connection therewith, with the Securities and Exchange Commission, granting unto said
attorney-in-fact and agents in full power and authority to do and perform each and every act and
thing requisite and necessary to be done in and about the premises, as fully and to all intents and
purposes as they might or be in person, hereby ratifying and confirming all that said
attorneys-in-fact and agents, and their substitute or substitutes, may lawfully do or cause to be
done by virtue hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act, this Registration Statement has
been signed by the following persons in the capacities and on the dates indicated.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Name</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Date</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" nowrap valign="top">/s/ <FONT style="font-variant: SMALL-CAPS">Aubrey B. Patterson</FONT>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Aubrey B. Patterson</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Chairman of the Board, President,
Chief Executive Officer and Director
(principal executive officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">April 19, 2006</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ <FONT style="font-variant: SMALL-CAPS">L. Nash Allen, Jr.</FONT>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
L. Nash Allen, Jr.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Treasurer and Chief Financial
Officer (principal financial and
accounting officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">April 19, 2006</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ <FONT style="font-variant: SMALL-CAPS">Hassell H. Franklin</FONT>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Hassell H. Franklin</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">April 19, 2006</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ <FONT style="font-variant: SMALL-CAPS">W. G. Holliman, Jr.</FONT>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
W.G. Holliman, Jr.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">April 19, 2006</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ <FONT style="font-variant: SMALL-CAPS">James V. Kelley</FONT>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
James V. Kelley</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
President, Chief Operating Officer
and Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">April 19, 2006</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ <FONT style="font-variant: SMALL-CAPS">Larry G. Kirk</FONT>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Larry G. Kirk</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">April 19, 2006</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ <FONT style="font-variant: SMALL-CAPS">Turner O. Lashlee</FONT>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Turner O. Lashlee</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">April 19, 2006</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">II-5
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Name</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Date</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ <FONT style="font-variant: SMALL-CAPS">Guy W. Mitchell, III</FONT>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Guy W. Mitchell, III</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">April 19, 2006</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ <FONT style="font-variant: SMALL-CAPS">R. Madison Murphy</FONT>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
R. Madison Murphy</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">April 19, 2006</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ <FONT style="font-variant: SMALL-CAPS">Robert C. Nolan</FONT>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Robert C. Nolan</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">April 19, 2006</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ <FONT style="font-variant: SMALL-CAPS">W. Cal Partee, Jr.</FONT>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
W. Cal Partee, Jr.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">April 19, 2006</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ <FONT style="font-variant: SMALL-CAPS">Alan W. Perry</FONT>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Alan W. Perry</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">April 19, 2006</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ <FONT style="font-variant: SMALL-CAPS">Travis E. Staub</FONT>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Travis E. Staub</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">April 19, 2006</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>The Plan</I>. Pursuant to the requirements of the Securities Act, the trustees (or other
persons who administer the employee benefit plan) have duly caused
this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Tupelo, State of Mississippi, on April 19, 2006.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 18pt; margin-left: 48%">BANCORPSOUTH, INC. AMENDED AND RESTATED SALARY<BR>
DEFERRAL-PROFIT SHARING EMPLOYEE STOCK<BR>
OWNERSHIP PLAN

</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">
/s/ CATHY S. FREEMAN
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Cathy S. Freeman&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Member of the Retirement<BR>
Plan Administration Committee&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt">II-6
</DIV>


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BANCORPSOUTH, INC. - FORM S-8
Table of Contents
As
filed with the Securities and Exchange Commission on April 19, 2006
Registration No. 333-[
•
]
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
BANCORPSOUTH, INC.
(Exact name of registrant as specified in its charter)
Mississippi
64-0659571
(State or Other Jurisdiction of
(IRS Employer
Incorporation or Organization)
Identification No.)
One Mississippi Plaza
201 South Spring Street
Tupelo, Mississippi 38804
(Address of Principal Executive Offices)
BancorpSouth, Inc. Amended and Restated Salary Deferral-Profit Sharing Employee Stock Ownership Plan
(Full Title of the Plan)
Aubrey B. Patterson
Chairman and Chief Executive Officer
BancorpSouth, Inc.
One Mississippi Plaza
201 South Spring Street
Tupelo, Mississippi 38804
(Name and Address of Agent For Service)
(662) 680-2000
(Telephone Number, Including Area Code, of Agent For Service)
Copy to:
E. Marlee Mitchell, Esq.
Waller Lansden Dortch & Davis, LLP
511 Union Street, Suite 2700
Nashville, Tennessee 37219-1760
(615) 244-6380
CALCULATION OF REGISTRATION FEE
Proposed maximum
Proposed maximum
Title of each class of securities
Amount to be
offering price
aggregate offering
Amount of
to be registered
registered
per share
price
registration fee
Common stock, par value $2.50 per share (1), (2)
1,000,000
(3)
$ 23.76(4)
$
23,760,000
$
2,542.32
(1)
Includes associated preferred stock purchase rights which, prior to the occurrence of certain
events, will not be exercisable or evidenced separately from the common stock.
(2)
Pursuant to Rule 416(a) of the Securities Act of 1933, as amended, this Registration
Statement shall also cover any additional shares of the Registrant's common stock that became
issuable under the employee benefit plan described herein by reason of any stock dividend,
stock split, recapitalization or other similar transaction affected without the receipt of
consideration that increases the number of the Registrant's outstanding shares of common
stock.
(3)
In addition, pursuant to Rule 416(c), this Registration Statement also covers an
indeterminate amount of interests to be offered or sold pursuant to the employee benefit plan
described herein.
(4)
Estimated pursuant to Rule 457(c) and Rule 457(h) solely for purposes of calculating the
amount of the registration fee, based upon the average of the high and low prices reported on
April 12, 2006, as reported on the New York Stock Exchange.
Table of Contents
EXPLANATORY NOTE
This Registration Statement on Form S-8 is intended to supersede and replace BancorpSouth's
Registration Statement (No. 2-88488) on Form S-8 filed on December 21, 1983. This Registration
Statement contains a Reoffer Prospectus prepared in accordance with the requirements of Part I of
Form S-3 (in accordance with General Instruction C to Form S-8). The Reoffer Prospectus may be
used for reoffers and resales of up to 1,000,000 shares acquired pursuant to the BancorpSouth, Inc.
Amended and Restated Salary Deferral-Profit Sharing Employee Stock Ownership Plan by selling
shareholders, each of which may be deemed an "affiliate" (as such term is defined in Rule 405 under
the Securities Act of 1933, as amended (the "Securities Act")) of BancorpSouth (the "Company").
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The documents containing the information specified in Part I of Form S-8 (plan information and
registrant information) will be sent or given to participants of the BancorpSouth, Inc. Amended and
Restated Salary Deferral-Profit Sharing Employee Stock Ownership Plan, as specified by Rule
428(b)(1) under the Securities Act. Such documents need not be filed with the Securities and
Exchange Commission either as part of this registration statement or as prospectuses or prospectus
supplements pursuant to Rule 424 under the Securities Act. These documents and the documents
incorporated by reference in this Registration Statement pursuant to Item 3 of Part II of this
registration statement, taken together, constitute a prospectus that meets the requirements of
Section 10(a) of the Securities Act.
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REOFFER PROSPECTUS
1,000,000 Shares
Common Stock
This Prospectus relates to the reoffer and resale by certain selling shareholders of
BancorpSouth, Inc. (referred to as "we" and "our" in this Prospectus) of up to 1,000,000 shares of
our common stock that may be distributed to the selling shareholders from the BancorpSouth, Inc.
Amended and Restated Salary Deferral-Profit Sharing Employee Stock Ownership Plan, referred to as
the Employee Stock Ownership Plan in this Prospectus.
This Prospectus may only be used if a supplement is attached which contains the names of the
selling shareholders and the amount of shares of our common stock to be reoffered by them.
We will not receive any of the proceeds from the sale of the shares by the selling
shareholders. We will bear all expenses incurred in connection with the registration of the shares
being offered by the selling shareholders, except that the selling shareholders shall be
responsible for all underwriting discounts and selling commissions, fees and expenses of counsel
and other advisors to the selling shareholders, transfer taxes and related charges in connection
with the offer and sale of these shares.
Our common stock is listed on the New York Stock Exchange under the symbol "BXS."
You should carefully consider the risk factors which are incorporated by reference into this
Prospectus.
Neither the Securities and Exchange Commission nor any state securities commission has
approved or disapproved of the shares of our common stock to be issued under this Prospectus or
determined if this Prospectus is truthful or complete. Any representation to the contrary is a
criminal offense.
Shares of our common stock are not savings or deposit accounts and are not insured by the
Federal Deposit Insurance Corporation or any other governmental agency.
The
date of this Prospectus is April 19, 2006.
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Heading
Page
The Company
3
Use of Proceeds
3
Selling Shareholders
4
Plan of Distribution
4
Available Information
4
Incorporation of Certain Information by Reference
5
EX-5.1 IRS DETERMINATION LETTER
EX-23.1 CONSENT OF EXPERT
EX-99.1 BANCORPSOUTH, INC. AMENDED AND RESTATED SALARY DEFERRAL - PROFIT SHARING EMPLOYEE STOCK OWNERSHIP PLAN
THE COMPANY
BancorpSouth, Inc. is a Mississippi corporation and a financial holding company with
commercial banking and financial services operations in Alabama, Arkansas, Louisiana, Mississippi,
Tennessee and Texas. Our principal subsidiary is BancorpSouth Bank. We conduct a general commercial
banking and trust business through BancorpSouth Bank, which has its principal office in Tupelo, Lee
County, Mississippi, and operates offices in Alabama, Arkansas, Louisiana, Mississippi, Tennessee
and Texas. BancorpSouth Bank has grown through the acquisition of other banks, the purchase of
assets from federal regulators and through the opening of new branches and offices.
Our lending activities include both commercial and consumer loans. Loan originations are
derived from a number of sources including real estate broker referrals, mortgage loan companies,
direct solicitation by its loan officers, existing savers and borrowers, builders, attorneys,
walk-in customers and, in some instances, other lenders. We have established disciplined and
systematic procedures for approving and monitoring loans that vary depending on the size and nature
of the loan.
We offer a variety of services through the trust department of BancorpSouth Bank, including
personal trust and estate services, certain employee benefit accounts and plans, including
individual retirement accounts, and limited corporate trust functions.
We provide, through our subsidiaries, a range of financial services to individuals and
small-to-medium size businesses. BancorpSouth Bank operates investment services,
credit insurance and insurance agency subsidiaries which engage in investment brokerage
services, credit insurance sales and sales of other insurance products.
Our principal office is located at One Mississippi Plaza, 201 South Spring Street, Tupelo,
Mississippi 38804 and our telephone number is (662) 680-2000.
USE OF PROCEEDS
We will not receive any proceeds from the sale of shares of our common stock by the selling
shareholders.
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SELLING SHAREHOLDERS
The issuance of 1,000,000 shares of our common stock under the Employee Stock Ownership Plan
has been registered under the Securities Act of 1933, as amended (the "Securities Act") by a registration statement on Form S-8. This
Prospectus is to be used in connection with any resales of our common stock acquired under the
Employee Stock Ownership Plan by persons who may be considered our "affiliates" within the meaning
of the Securities Act.
At the date of this Prospectus, we do not know the names of persons who intend to resell
shares of our common stock distributed under the Employee Stock Ownership Plan. The selling
shareholders will be our executive officers who have received, or may receive, distributions of
shares of our common stock under the Employee Stock Ownership Plan. Each of these persons may be
considered our "affiliate" within the meaning of the
Securities Act. We will
supplement this Prospectus with the names of the selling shareholders and the number of shares of
our common stock to be reoffered by them as that information becomes known.
PLAN OF DISTRIBUTION
The shares may be offered by the selling shareholders from time to time in transactions
through the New York Stock Exchange, in the over-the-counter market, in negotiated transactions,
through the writing of options on the shares or a combination of these methods of sale, at prices
related to prevailing market prices or at negotiated prices. The selling shareholders may effect
these transactions by selling the shares to or through broker-dealers and these broker-dealers may
receive compensation in the form of discounts, concessions or commissions from the selling
shareholders and/or the purchaser of the shares for which such broker-dealers may act as agent or
to whom they sell as principal, or both. This compensation as to a particular broker-dealer might
be in excess of customary commissions.
There is no assurance that any of the selling shareholders will sell any or all of the shares
of our common stock offered under this Prospectus.
We have agreed to pay all expenses incurred in connection with the registration of the shares
of our common stock offered under this Prospectus, except that the selling shareholders shall be
responsible for all underwriting discounts and selling commissions, fees and expenses of counsel
and other advisors to the selling shareholders, transfer taxes and related charges in connection
with the offer and sale of these shares.
AVAILABLE INFORMATION
We have filed with the Securities and Exchange Commission under the Securities Act of 1933 a
registration statement on Form S-8 that registers the distribution of the shares of our common
stock to be issued to the selling shareholders under the Employee Stock Ownership Plan. The
registration statement, including the attached exhibits and schedules, contains additional relevant
information about us, the Employee Stock Ownership Plan and our common stock. The rules and
regulations of the Securities and Exchange Commission allow us to omit certain information included
in the registration statement from this Prospectus.
In addition, we file reports, proxy statements and other information with the Securities and
Exchange Commission under the Securities Exchange Act of 1934, as
amended (the "Exchange Act"). You may read and copy
any document we file with the Securities and Exchange Commission at its Public Reference Room at
100 F. Street, N.E., Washington, D.C. 20549. Please call the Securities and Exchange Commission at
1-800-SEC-0330 for further information on the operation of the Public Reference Room.
The Securities and Exchange Commission also maintains an Internet web site that contains
reports, proxy statements and other information about issuers, like us, which file electronically
with the Securities and Exchange Commission. The address of that site is http://www.sec.gov.
You can also inspect reports, proxy statements and other information about us at the offices
of the New York Stock Exchange, 20 Broad Street, New York, New York 10005.
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INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
The Securities and Exchange Commission allows us to "incorporate by reference" information
into this Prospectus from documents that we have previously filed with the Securities and Exchange
Commission. This means that we can disclose important information to you by referring you to
another document filed separately with the Securities and Exchange Commission. These documents
contain important information about us and our financial condition. The information incorporated by
reference is considered to be a part of this Prospectus, except for any information that is
superseded by other information that is set forth directly in this document.
This Prospectus incorporates by reference the following documents with respect to us (file
number: 1-12991):
•
Our Annual Report on Form 10-K for the fiscal year ended December 31, 2005;
•
Our Current Report on Form 8-K dated January 23, 2006;
•
The description of our common stock contained in our Registration
Statement on Form 8-A dated May 14, 1997;
•
The description of our common stock purchase rights contained
in our
Registration Statement on Form 8-A dated May 14, 1997; and
•
The description of amendments to our common stock purchase rights contained in an
amended Registration Statement on Form 8-A/A dated as of March 28, 2001.
We incorporate by reference additional documents that we will file with the Securities and
Exchange Commission pursuant to Section 13(a), 13(c), 14 or
15(d) of the Exchange Act,
between the date of this Prospectus and the termination date of the Employee
Stock Ownership Plan. These documents include periodic reports, such as annual reports on Form
10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, as well as proxy statements.
You can obtain copies of the documents incorporated by reference in this Prospectus with
respect to us without charge, excluding any exhibits to those documents unless the exhibit is
specifically incorporated by reference as an exhibit in this Prospectus, by requesting them in
writing or by telephone from us at the following:
BancorpSouth, Inc.
One Mississippi Plaza
201 South Spring Street
Tupelo, Mississippi 38804
(662) 680-2000
Attention: Corporate Secretary
You can also obtain copies of these documents free of charge though our web site
(www.bancorpsouthonline.com), from the Securities and Exchange Commission through its web site or at the
address described in the section captioned "AVAILABLE INFORMATION" above.
You should rely only on the information contained in or incorporated by reference in this
Prospectus. We have not authorized anyone to provide you with information that is different from
the information in this document. This Prospectus is dated April 19, 2006. You should not assume
that the information contained in this document is accurate as of any date other than that date.
Neither the delivery of this Prospectus nor the distribution of our common stock under the Employee
Stock Ownership Plan shall create any implication to the contrary.
5
Table of Contents
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents filed by the
Company with the Securities and Exchange Commission under
the Exchange Act, are incorporated herein by
reference:
(a) The Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2005;
(b) The Company's Current Report on Form 8-K dated January 23, 2006;
(c) The Company's Annual Report for the BancorpSouth, Inc. Amended and Restated Salary
Deferral-Profit Sharing Employee Stock Ownership Plan on Form 11-K for the year ended December 31,
2004, and amended on Form 11-K/A dated July 6, 2005;
(d) The description of BancorpSouth common stock contained in BancorpSouth's Registration
Statement on Form 8-A dated May 14, 1997;
(e) The description of BancorpSouth common stock purchase rights contained in BancorpSouth's
Registration Statement on Form 8-A dated May 14, 1997; and
(f) The description of amendments to BancorpSouth common stock purchase rights contained in an
amended Registration Statement on Form 8-A/A dated as of March 28, 2001.
All documents filed with the Securities and Exchange Commission by the Company pursuant to
Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to the date of this Registration
Statement and prior to the filing of a post-effective amendment to this Registration Statement
which indicates that all securities offered hereby have been sold, or which deregisters all
securities then remaining unsold, shall be deemed to be incorporated by reference in this
Registration Statement and to be a part hereof from the date of filing of such documents. Any
statement contained herein or incorporated by reference herein shall be deemed to be modified or
superseded for purposes of this Registration Statement to the extent that a statement contained
herein or in any subsequently filed document which also is or is deemed to be incorporated by
reference herein modifies or supersedes such statement. Any statement so modified or superseded
shall not be deemed, except as so modified or superseded, to constitute a part of this Registration
Statement.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
A. Restated Articles of Incorporation and Amended and Restated Bylaws.
BancorpSouth's restated articles of incorporation provide that it will indemnify, and upon
request advance expenses to, any person (or his estate) who was or is a party to, or is threatened
to be made a party to, any legal proceeding because he is or was a director, officer, employee or
agent of BancorpSouth, or is or was serving at the request of BancorpSouth as a director, officer,
partner, trustee, employee or agent of another corporation, partnership or other entity, against
any liability incurred in that proceeding (a) to the full extent permitted by Section 79-4-8.51 of
the Mississippi Business Corporation Act, and (b) despite the fact that such person did not meet
the standard of conduct set forth in Section 79-4-8.51(a) of the Mississippi Business Corporation
Act or would be disqualified for indemnification under Section 79-4-8.51(d) of the Mississippi
Business Corporation Act, if a
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determination is made by a person or persons enumerated in Section 79-4-8.55(b) of the
Mississippi Business Corporation Act that (i) the person seeking indemnity is fairly and reasonably
entitled to indemnification in view of all of the relevant circumstances, and (ii) his acts or
omissions did not constitute gross negligence or willful misconduct. A request for reimbursement or
advancement of expenses prior to final disposition of the proceeding must be accompanied by an
undertaking to repay the advances if it is ultimately determined that he is not entitled to
indemnification and he did not meet the requisite standard of conduct, but it need not be
accompanied by an affirmation that the person seeking indemnity believed he has met the standard of
conduct. BancorpSouth may, to the full extent permitted by law, purchase and maintain insurance on
behalf of any such person against any liability which may be asserted against him or her.
BancorpSouth's amended and restated bylaws provide that it will indemnify any person who was
or is a party or is threatened to be made a party to any legal proceeding (other than a derivative
action for which indemnification is described below) because he is or was a director, officer,
employee or agent of BancorpSouth, or is or was serving at the request of BancorpSouth as a
director, officer, partner, trustee, employee or agent of another corporation, partnership or other
entity, against any expenses or awards actually and reasonably incurred by such person in
connection therewith to the fullest extent provided in BancorpSouth's restated articles of
incorporation and by law. BancorpSouth also will indemnify any person who was or is or is
threatened to be made a party to any derivative suit with respect to BancorpSouth because that
person is or was a director, officer, employee or agent of BancorpSouth, or is or was serving at
the request of BancorpSouth as a director, officer, partner, trustee, employee or agent of another
corporation, partnership or other entity, against expenses actually and reasonably incurred by such
person in connection with the defense or settlement of such action unless he is found to have
breached his duty to BancorpSouth to discharge his duties in good faith and with the care which an
ordinarily prudent person in a like position would exercise under similar circumstances, and in a
manner he reasonably believes to be in the best interests of BancorpSouth, unless, despite such
finding of liability, the court determines that he is entitled to indemnity. BancorpSouth's amended
and restated bylaws also provide that BancorpSouth may (i) advance to the person seeking indemnity
the expenses incurred in defending a proceeding upon receipt of an undertaking that he will repay
amounts advanced unless it ultimately is determined that he is entitled to be indemnified, and (ii)
purchase and maintain insurance on behalf of any person who is or was a director, officer, employee
or agent of BancorpSouth, or is or was serving at the request of BancorpSouth as a director,
officer, partner, trustee, employee or agent of another corporation, partnership or other entity,
against any liability arising out of his acting as such, whether or not BancorpSouth would have the
power to indemnify him against such liability under BancorpSouth's amended and restated bylaws.
B. Mississippi Business Corporation Act.
In addition to the foregoing provisions of BancorpSouth's restated articles of incorporation
and amended and restated bylaws, officers and directors of BancorpSouth and its subsidiaries may be
indemnified by BancorpSouth pursuant to Sections 79-4-8.50 through 79-4-8.59 of the Mississippi
Business Corporation Act.
C. Insurance.
BancorpSouth maintains and pays premiums on an insurance policy on behalf of its officers and
directors against liability asserted against or incurred by such persons in or arising from their
capacity as such.
D. Securities
and Exchange Commission Policy on Indemnification.
Insofar as indemnification for liabilities arising under the Securities Act may be permitted
to directors, officers or persons controlling BancorpSouth pursuant to the foregoing provisions,
BancorpSouth has been informed that in the opinion of the Securities
and Exchange Commission such indemnification is against
public policy as expressed in the Securities Act and is therefore unenforceable.
Item 7. Exemption from Registration Claimed.
Not applicable.
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Item 8. Exhibits.
Exhibit
Number
Description of Exhibits
4.1
—
Specimen Common Stock Certificate (1)
4.2
—
Rights Agreement, dated as of April 24, 1991, including as Exhibit A the
forms of Rights Certificate and of Election to Purchase and as Exhibit B the
summary of Rights to Purchase Common Shares (2)
4.3
—
First Amendment to Rights Agreement, dated as of March 28, 2001 (3)
4.4
—
Amended and Restated Certificate of Trust of BancorpSouth Capital Trust I (4)
4.5
—
Second Amended and Restated Trust Agreement of BancorpSouth Capital Trust I,
dated as of January 28, 2002, between BancorpSouth, Inc., The Bank of New
York, The Bank of New York (Delaware) and the Administrative Trustees named
therein (5)
4.6
—
Junior Subordinated Indenture, dated as of January 28, 2002, between
BancorpSouth, Inc. and The Bank of New York (5)
4.7
—
Guarantee Agreement, dated as of January 28, 2002, between BancorpSouth,
Inc. and The Bank of New York (5)
4.8
—
Junior Subordinated Debt Security Specimen (5)
4.9
—
Trust Preferred Security Certificate for BancorpSouth Capital Trust I (5)
4.10
—
Certain instruments defining the rights of certain holders of long-term debt
securities of the Registrant are omitted pursuant to Item 601(b)(4)(iii)(A)
of Regulation S-K. The Registrant hereby agrees to furnish copies of these
instruments to the SEC upon request.
5.1
—
IRS Determination Letter
23.1
—
Consent of Expert
24.1
—
Power of Attorney (included on page II-5)
99.1
—
BancorpSouth, Inc. Amended and Restated Salary Deferral-Profit Sharing
Employee Stock Ownership Plan
(1)
Incorporated by reference to BancorpSouth, Inc.'s Annual Report on Form 10-K for the year
ended December 31, 1994.
(2)
Incorporated by reference to BancorpSouth, Inc.'s Registration Statement on Form 8-A, filed
on April 24, 1991.
(3)
Incorporated by reference to BancorpSouth, Inc.'s Form 8-A/A, filed on March 28, 2001.
(4)
Incorporated by reference to BancorpSouth, Inc.'s Registration Statement on Form S-3, filed
on November 2, 2001.
(5)
Incorporated by reference to BancorpSouth, Inc.'s Current Report on Form 8-K, filed on
January 28, 2002.
Item 9. Undertakings.
(a) The undersigned registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement to include any material information with respect to the
plan of distribution not previously disclosed in the registration statement or any material change
to such information in the registration statement.
(2) That, for the purpose of determining any liability under the Securities Act, each
such post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
(b) The undersigned registrant hereby undertakes that, for purposes of determining any liability
under the Securities Act, each filing of the registrant's annual report pursuant to Section
13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing
of an employee benefit plan's annual report
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pursuant to Section 15(d) of the
Exchange Act) that is incorporated by reference
in the registration statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
(c) Insofar as
indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the registrant pursuant to the
foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public policy as expressed in
the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the registrant of expenses incurred or paid by a
director, officer or controlling person of the registrant in the successful defense of any action,
suit or proceeding) is asserted by such director, officer or controlling person in connection with
the securities being registered, the registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the
question whether such indemnification by it is against public policy
as expressed in the Securities Act and
will be governed by the final adjudication of such issue.
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SIGNATURES
The Registrant
. Pursuant to the requirements of the Securities Act, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the requirements for
filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by
the undersigned, thereunto duly authorized, in the City of Tupelo, State of Mississippi, on
April 19, 2006.
BANCORPSOUTH, INC.
By:
/s/ Aubrey B. Patterson
Aubrey B. Patterson
Chairman of the Board and
Chief Executive Officer
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and
appoints Aubrey B. Patterson and L. Nash Allen, Jr., and each of them, his true and lawful
attorney-in-fact, as agent and with full power of substitution and resubstitution for him and in
his name, place and stead, in any and all capacity, to sign any or all amendments to this
Registration Statement and any registration statement related to the same offering as this
Registration Statement that is to be effective upon filing pursuant to Rule 462(b) under the
Securities Act, and to file the same, with all exhibits thereto, and other documents in
connection therewith, with the Securities and Exchange Commission, granting unto said
attorney-in-fact and agents in full power and authority to do and perform each and every act and
thing requisite and necessary to be done in and about the premises, as fully and to all intents and
purposes as they might or be in person, hereby ratifying and confirming all that said
attorneys-in-fact and agents, and their substitute or substitutes, may lawfully do or cause to be
done by virtue hereof.
Pursuant to the requirements of the Securities Act, this Registration Statement has
been signed by the following persons in the capacities and on the dates indicated.
Name
Title
Date
/s/
Aubrey B. Patterson
Aubrey B. Patterson
Chairman of the Board, President,
Chief Executive Officer and Director
(principal executive officer)
April 19, 2006
/s/
L. Nash Allen, Jr.
L. Nash Allen, Jr.
Treasurer and Chief Financial
Officer (principal financial and
accounting officer)
April 19, 2006
/s/
Hassell H. Franklin
Hassell H. Franklin
Director
April 19, 2006
/s/
W. G. Holliman, Jr.
W.G. Holliman, Jr.
Director
April 19, 2006
/s/
James V. Kelley
James V. Kelley
President, Chief Operating Officer
and Director
April 19, 2006
/s/
Larry G. Kirk
Larry G. Kirk
Director
April 19, 2006
/s/
Turner O. Lashlee
Turner O. Lashlee
Director
April 19, 2006
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Name
Title
Date
/s/
Guy W. Mitchell, III
Guy W. Mitchell, III
Director
April 19, 2006
/s/
R. Madison Murphy
R. Madison Murphy
Director
April 19, 2006
/s/
Robert C. Nolan
Robert C. Nolan
Director
April 19, 2006
/s/
W. Cal Partee, Jr.
W. Cal Partee, Jr.
Director
April 19, 2006
/s/
Alan W. Perry
Alan W. Perry
Director
April 19, 2006
/s/
Travis E. Staub
Travis E. Staub
Director
April 19, 2006
The Plan
. Pursuant to the requirements of the Securities Act, the trustees (or other
persons who administer the employee benefit plan) have duly caused
this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Tupelo, State of Mississippi, on April 19, 2006.
BANCORPSOUTH, INC. AMENDED AND RESTATED SALARY
DEFERRAL-PROFIT SHARING EMPLOYEE STOCK
OWNERSHIP PLAN
By:
/s/ CATHY S. FREEMAN
Cathy S. Freeman
Member of the Retirement
Plan Administration Committee
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