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Tag Archives: Renasant Bank

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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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 Renasant Bank, and M&F locations ...

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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 basic and $.17 diluted per ...

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Renasant Bank makes officer promotions

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. He contributes to his community ...

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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 per share in 2012’s second ...

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Renasant, First M&F shareholders endorse merger

TUPELO, Mississippi — Affirmative shareholder votes Tuesday cleared the way for Renasant to begin a $119 million acquisition of Kosciusko’s First M&F Corp. The acquisition gives the $4.2 billion regional bank based in Tupelo a Central Mississippi presence and increased market shares in the northern part of the state as well as in Tennessee and Alabama. Tupelo’s Renasant announced the ...

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Shareholder vote near on Renasant takeover of First M&F

TUPELO, Mississippi – Affirmative shareholder votes Tuesday will clear the way for Renasant to begin a $119 million acquisition of Kosciusko’s First M&F Corp. in a move designed to give the $4.2 billion regional bank a Central Mississippi presence and increased market shares in the northern part of the state as well as in Tennessee and Alabama. Tupelo’s Renasant announced ...

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Refinance activity strong in state as people take advantage of record low rates

The flip side of the housing bubble burst is that interest rates are as low as people are likely to see in their lifetimes. That combined with the government’s HARP II program to help distressed homeowners stay in their homes are reducing mortgage amounts, and contributing to increased revenues at banks. Regions Bank chief financial officer David Turner said the ...

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Public land in Delta impacted by river flood

Every year, hunters flock to the Delta to take advantage of some of the best public hunting land in the state offered by the Mississippi Department of Wildlife, Fisheries & Parks’ wildlife management areas (WMAs) and the U.S. Fish & Wildlife Service’s Theodore Roosevelt National Wildlife Refuge Complex. This year, however, hunters are wondering if they should find somewhere else ...

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Renasant names leaders

Renasant Bank has entered the Tuscaloosa, Ala., and leading Renasant into the market will be Kyle Faught, who will serve as Tuscaloosa city president, and Charity Golden, who will serve as vice president and branch manager. Prior to joining Renasant, Faught served for over 25 years as an executive at another financial institution. Faught attended the University of Alabama, graduating ...

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