BancorpSouth is a $13.5 billion bank based in Mississippi with banking and insurance operations in eight different states through more than 300 branches. Nearly half of its deposits are in its home state, followed by Arkansas and Tennessee, with about 20% and 10%, respectively. The balance is divided between Louisiana, Texas, Alabama, Missouri, and Florida. Most of its loans (80%) are residential and commercial mortgages and 13% are commercial loans.