Posts Tagged ‘Renasant Bank’

MBJ February 7th Digital Edition

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Renasant sees rise in post-M&F merger profits

TUPELO — Renasant Corp. says profit in 2013′s fourth quarter rose 55 percent in the first reporting period following its takeover of First M&F Corp. Yesterday, Renasant posted quarterly profit of $11.3 million, or 36 cents per share. That’s up from $7.3 million, or 29 cents per share, in 2012′s fourth quarter. Because the period […] [...]

Renasant finds strength in merger

by Lynn Lofton Published: January 17,2014

Tags: banking, Business, finance, Mississippi, Renasant Bank

Through a merger with Merchants & Farmers Bank, Renasant Bank saw an opportunity to enter some new markets with a banking system that had a similar culture of service, service, service. That merger was complete last September with the systems conversion and branding fully complete on Dec. 9. The completion included new signage and customer […] [...]

MBJ January 17th Digital Edition

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M&F branches to close as Renasant wraps up merger

by Associated Press Published: December 5,2013

Tags: acquisition, bank, banking, finance, financial institution, John Oxford, M&F, Merchants & Farmers, merger, Renasant Bank

TUPELO — The last six of nine planned branch closures will be completed by Monday as Renasant Bank’s merger with M&F Bank is finalized. Tomorrow, three former M&F Bank locations in Tupelo will close for good. Three remaining branches in Kosciusko, Southaven and Birmingham, Ala., will close on Monday. All are former M&F Bank locations […] [...]

Renasant-First M&F merger done; new company holds $5.8B in assets

TUPELO and KOSCIUSKO — Renasant Corporation of Tupelo has completed its merger with First M&F Corporation, a bank holding company headquartered in Kosciusko and the parent of Merchants and Farmers Bank. The combined company has approximately $5.8 billion in total assets with 130 banking, mortgage, financial services and insurance offices throughout Mississippi, Tennessee, Alabama and […] [...]

Regulators approve Renasant-First M&F merger

TUPELO — Renasant Corporation and First M&F Corporation have received regulatory approval in connection with the proposed merger of First M&F Corporation into Renasant Corporation. Subject to closing conditions contained in the merger agreement, the transaction is expected to be effective as of Sept. 1. On that date, Merchants & Farmers Bank (M&F) will become […] [...]

First M&F slashes quarterly net income by nearly $2M

KOSCIUSKO — First M&F Corp. has revised net income for the quarter ended June 30, 2013 to $222,000 from $2.205 million reported in the July 19 earnings announcement. Earnings per share after preferred stock dividends were revised to a loss of $.03 basic and diluted per share from the previously reported net profit of $.18 […] [...]

Renasant Bank makes officer promotions

by MBJ Staff Published: July 19,2013

Tags: banking, Lucius Brock, Renasant Bank

Renasant Bank has made a number of officer promotions. Larry Coggin is executive vice president, corporate banking administrator in Tupelo. Coggin attended Mississippi State University, graduating with a BBA in banking and finance. He also attended the National Compliance School, Mid South School of Banking (summa cum laude) and the Graduate School of Banking at LSU. […] [...]

Renasant sees quarterly earnings jump

TUPELO — Regional bank Renasant Corp.’s profit rose 26 percent in 2013′s second quarter from the same three months of 2012, as it set aside less for bad loans and increased interest earnings. Renasant said today it posted quarterly profit of $8.02 million, or 32 cents per share, up from $6.35 million or 25 cents […] [...]

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