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Tag Archives: Renasant Bank

New website launched to help Tupelo recover from storm

In the wake of the devastating tornado that caused widespread damage in the city of Tupelo Monday, a new website is aiming to help in the recovery efforts while at the same time illustrating the strength of community. Spearheaded by the Tupelo-based advertising firm Mabus Agency and sponsored by Renasant Bank, www.tupelostrong.com was launched Tuesday afternoon. The grass-roots mission is ...

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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 is the first full quarter ...

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Renasant finds strength in merger

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 brochures. Stronger than ever, Renasant ...

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Bauer rankings reflect strong Q3 showing for Mississippi banks

A total of 45 Mississippi banks and saving and loans garnered five-star ratings from Bauer Financial Services in the third quarter. Of Mississippi’s largest banks, the $20 billion Hancock Bank of Gulfport was the only one to receive five stars, though Jackson’s Trustmark and Tupelo’s Renasant performed well enough to gain four stars each. BancorpSouth, the state’s second largest bank ...

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M&F branches to close as Renasant wraps up merger

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 except Birmingham. Renasant had earlier ...

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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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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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