1 EXHIBIT 21 SUBSIDIARIES OF THE REGISTRANT Jurisdiction Holder of Name Of Incorporation Outstanding Stock - ---- ---------------- ----------------- BancorpSouth Bank Mississippi BancorpSouth, Inc. Personal Finance Corporation Mississippi BancorpSouth Bank Valley Finance, Inc. Alabama BancorpSouth Bank Century Credit Life Insurance Company Mississippi BancorpSouth Bank BancorpSouth Insurance Services Mississippi BancorpSouth Bank of Mississippi, Inc. BancorpSouth Insurance Services Tennessee BancorpSouth Bank of Tennessee, Inc. BancorpSouth Insurance Services Alabama BancorpSouth Bank of Alabama, Inc. BancorpSouth Investment Services, Inc. Mississippi BancorpSouth Bank