Two Mississippi banks , Renasant Corporation of Tupelo and The First Bancshares of Hattiesburg have announced Monday that they have received all necessary regulatory approvals to complete the proposed merger of The First with and into Renasant, according to a statement.
“We’re excited to have received regulatory approval to move forward with the merger between The First and Renasant,” said Mitch Waycaster, Renasant CEO and Executive Vice Chairman, in the statement. “We believe this merger creates a transformative partnership between two great organizations with shared values and a commitment to serving our customers and communities.”
Renasant and The First expect to close the merger on April 1, 2025, subject to the satisfaction of other closing conditions. The combination will result in a financial institution with approximately $26 billion in assets and more than 250 locations throughout the Southeast, as well as offering factoring and asset-based lending on a nationwide basis…