BancorpSouth, Inc. the parent company of BancorpSouth Bank (collectively referred to as BancorpSouth), announced the signing of a definitive merger agreement with Central Community Corporation, headquartered in Temple, Texas, whereby Central Community Corporation will be merged with and into BancorpSouth, Inc. Upon completion of the merger, Don Grobowsky will join the Boards of Directors of BancorpSouth, Inc. and BancorpSouth Bank. He will also serve as BancorpSouth's Central Texas Area Chairman. Gerry Gamble will serve as Division President of the Austin Division, Richard Procter will serve as the Division President of the Hill Country Division and Randy Ramsey will serve as the Division President of the Temple Division.

In addition, all of First State Bank's current market Presidents will continue to serve in their current roles.