Renasant Completes Merger With First M&F Corp.

(RTTNews) - Renasant Corp. (RNST) said Tuesday it has completed its merger with First M&F Corp., a bank holding company headquartered in Kosciusko, Mississippi, 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 billion in assets, $1.4 billion in deposits and 42 banking and insurance locations throughout Renasant's Mississippi, Alabama and Tennessee banking franchises.

In addition, the merger significantly increases the Company's deposit market share in the Birmingham and Memphis MSAs and the key Mississippi markets of Tupelo, Oxford and Starkville, while providing entrance into the markets surrounding Jackson, Mississippi.

The merger will strengthen the company's overall business lines by doubling its insurance operations as M&F Insurance will become Renasant Insurance, Inc., a subsidiary of Renasant Bank.