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Tag Archives: Renasant

BancorpSouth delays acquisitions yet again; Renasant completes Heritage takeover


Regulatory snags have once again delayed Tupelo’s BancorpSouth Inc. acquisitions of Ouachita Bancshares Corp. of Monrore, La.,  and Central Community Corp. of Temple, Tex. Meanwhile, Tupelo’s Renasant Bank has completed its takeover of  Heritage Financial Group Inc., a bank holding company headquartered in Albany, Ga. and the parent of the $1.9 billion HeritageBank of the South, a Georgia savings bank. ...

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Renasant beefs up in Georgia with $258M purchase of HeritageBank

Tupelo’s Renasant Bank continued its march through Georgia last week with a definitive agreement to acquire Albany’s $1.9 billion Heritage Financial Group Inc., parent of HeritageBank of the South, through a stock purchase. Renasant, which a couple years ago began establishing a presence in North Georgia with acquisitions in Blairsville and suburban Atlanta, will gain entry to a number of ...

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Renasant reports much higher net income after First M&F buy

TUPELO — During the second quarter of 2014, Renasant Corporation saw net income increase 85 percent to $14,853,000, or basic and diluted earnings per share (EPS) of $0.47, compared to $8,019,000, or basic and diluted EPS of $0.32, for the second quarter of 2013. The company’s balance sheet and results of operations as of and for the three months ending ...

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Renasant, BancorpSouth acquisitions seen boosting earnings per share

Analysts see bump-ups in earnings per share from growth achieved by Tupelo’s Renasant Bank through acquisition of M&F Bank of Kosciusko and growth expected by Tupelo neighbor BancorpSouth’s announced acquisitions in Texas and Louisiana. The $5.7 billion Renasant’s first full quarter with M&F was a solid one, Birmingham, Ala.-based Stern Agee reported, citing a .03 percent increase in net interest ...

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For Renasant, rejecting TARP cash provided certainty and flexibility

Just as any potential borrower looks over a loan offer and decides whether to take it, Renasant Bank closely examined the Treasury Department’s late 2008 offer of a loan to help it through a banking slump of historic proportions. Thanks, but no thanks, came the answer from the regional bank based in Tupelo. Renasant executives did not like the hardball ...

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Renasant gets new officers — Yolanda Wooten, Loren Zimmerman and Gene Bell

Renasant Bank has made several officer promotions. Yolanda Wooten has been with Renasant since 2011, serving in the position of vice president and branch manager, and has been in banking for 38 years. In her new role with the Renasant, she will be responsible for the management of operations for the bank’s Starkville region. Wooten attended the Mississippi School of ...

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Renasant, First M&F complete merger

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 acquisition of First M&F, ...

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Chapman named CFO

Kevin Chapman has been elected CFO for Renasant Corporation and Renasant Bank. Chapman joins current Renasant CFO Stuart Johnson as dual CFOs of the corporation and bank. Johnson will maintain his primary responsibilities of overseeing corporate governance, profitability analysis and internal accounting. Chapman has been an executive vice president for the company since January, 2011 and corporate controller of the ...

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