BancorpSouth's acquisition of LF Bancorp indicates that bank consolidation is gaining ground in Mississippi after years of relative quiet, bankers and analysts say.

"I think it'd be safe to say there's a consolidation movement on in Mississippi, as there is across the country," said Harry Baxter, an executive vice-president at BancorpSouth. "And it may become more of a consolidation from outside the state after the interstate banking bill passes."

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