TUPELO, Miss., Aug. 15, 2013 /PRNewswire/ -- Renasant
Corporation (NASDAQ: RNST) and First M&F Corporation (NASDAQ:
FMFC) today announced that all regulatory approvals have been
received 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 Sunday,
September 1, 2013.
(Logo:
http://photos.prnewswire.com/prnh/20130207/CL56161LOGO)
On that date, Merchants & Farmers Bank ("M&F") will
become Renasant Bank, and M&F locations will re-open under the
Renasant Bank brand on Tuesday, September 3,
2013. M&F clients should continue to conduct their
banking business as usual i.e., using existing branches, checks,
debit cards and ATMs, until receiving notice from Renasant that
system conversion has been completed, which is expected to occur
during the fourth quarter of 2013.
ABOUT RENASANT CORPORATION:
Renasant Corporation, a 109-year-old financial services
institution, is the parent of Renasant Bank and Renasant
Insurance. Renasant has assets of approximately $4.2 billion and operates over 85 banking,
mortgage, financial services and insurance offices in Mississippi, Tennessee, Alabama and Georgia. As of September, 1,
2013, Renasant is projected to have assets of approximately
$5.8 billion and will operate over
120 locations banking, mortgage, financial services and insurance
offices in Mississippi,
Tennessee, Alabama and Georgia.
NOTE TO INVESTORS:
This news release may contain, or incorporate by reference,
statements which may constitute "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Such forward looking statements usually include
words such as "expects," "projects," "anticipates," "believes,"
"intends," "estimates," "strategy," "plan," "potential," "possible"
and other similar expressions.
Prospective investors are cautioned that any such
forward-looking statements are not guarantees for future
performance and involve risks and uncertainties, and that actual
results may differ materially from those contemplated by such
forward-looking statements. Important factors currently known
to management that could cause actual results to differ materially
from those in forward-looking statements include significant
fluctuations in interest rates, inflation, economic recession,
significant changes in the federal and state legal and regulatory
environment, significant underperformance in our portfolio of
outstanding loans, and competition in our markets. We undertake no
obligation to update or revise forward-looking statements to
reflect changed assumptions, the occurrence of unanticipated events
or changes to future operating results over time.
Contacts:
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For Media:
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For
Financials:
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John
Oxford
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Kevin
Chapman
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Vice
President
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Executive Vice
President
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Director of External
Affairs
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Chief Financial
Officer
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(662)
680-1219
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(662)
680-1450
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joxford@renasant.com
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kchapman@renasant.com
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SOURCE Renasant Corporation