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Tag Archives: Merchants and Farmers Bank

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 is the first full quarter ...

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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 Georgia. The merger adds $1.6 ...

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Banking commissioner's departure opens up replacement question

Mississippi Gov. Haley Barbour or his successor have the option of going into the financial services regulatory realm or into the banking sector itself to replace the retired John Allison as banking commissioner. Allison says the load of regulatory changes facing the financial sector has led state banking supervision offices across the nation to fill their top ranks with seasoned ...

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First M&F closing 5 branches and selling one more

In closing five branches and selling another, Merchants and Farmers Bank CEO & Chairman Hugh Potts Jr. says the Kosciusko-based First M&F Corp. is adjusting to a banking market in which fewer customers rely on brick and mortar locations. But he insists the move that involves eliminating slightly more than 50 jobs is an adjustment and not a conceding of ...

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First M&F makes changes

First M&F Corporation’s subsidiary, Merchants and Farmers Bank, has made changes in its executive management. Barry S. Winford, former chief credit officer, has been named executive vice president – corporate banking. In this position Winford will oversee business development, portfolio management and lending in the following areas: M&F Business Credit (asset-based lending), church and non-profit, land and timber, participations, corporate ...

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First M&F makes changes

First M&F Corporation’s subsidiary, Merchants and Farmers Bank, has made changes in its executive management. Barry S. Winford, former chief credit officer, has been named executive vice president – corporate banking. In this position Winford will oversee business development, portfolio management and lending in the following areas: M&F Business Credit (asset-based lending), church and non-profit, land and timber, participations, corporate ...

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