1 EXHIBIT 22 SUBSIDIARIES OF THE REGISTRANT Jurisdiction Holder of Name Of Incorporation Outstanding Stock ---- ---------------- ----------------- Bank of Mississippi Mississippi BancorpSouth, Inc. Volunteer Bank Tennessee BancorpSouth, Inc. Personal Finance Corporation Mississippi Bank of Mississippi Century Credit Life Insurance Company Mississippi Bank of Mississippi TC Finance, Inc. Tennessee Volunteer Bank West Tennessee Life Insurance Company Tennessee Volunteer Bank All of the above subsidiaries are wholly owned except West Tennessee Life Insurance Company of which Volunteer Bank owns 96% of the outstanding voting shares and 76% of the voting power and are included in the consolidated financial statements of the registrant.