Renasant Corporation to acquire Merchants & Farmers Bank - MSNewsNow.com - Jackson, MS

Renasant Corporation to acquire Merchants & Farmers Bank

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JACKSON, MS (Mississippi News Now) -

The Renasant Corporation has signed an agreement to acquire First M&F Corporation of Mississippi, the parent company of Merchants & Farmers Bank.

The combined company will have approximately $5.8 billion is total assets, making it the 4th largest bank, by deposits, in Mississippi.

Renasant, which operates in four states, has banks around north Mississippi and Memphis. First M&F Corporation is located in Kosciusko.

The acquisition is expected to close during the third quarter of this year, and is subject to shareholder approval of both companies and regulatory approval.

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