++ renasant bank albany ga

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Renasant of Miss. buying Ga. bank in $258M deal | renasant bank albany ga

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renasant bank albany ga

Shareholders of Renasant Coffer of Tupelo accept accustomed the acquirement of HeritageBank of the South -- based in Albany, Georgia -- in an all-stock deal.

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Renasant Bank - 721 North Westover Boulevard, Albany, GA - North ... | renasant bank albany ga

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Shareholder approval came Tuesday. Regulatory agencies approval came in March.

The alliance will move Renasant into southern Georgia and arctic Florida for the aboriginal time and hardly bolster the bank's position in the Atlanta and Birmingham, Alabama, markets.

Renasant appear the alliance acceding in December.

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Renasant Bank in Albany, GA | 310 W Oglethorpe Blvd, Albany, GA | renasant bank albany ga

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The alliance is accepted to be completed July 1, and it would be Renasant's better accretion in its 111-year history.

Heritage brings about $1.9 billion in assets, bringing Renasant's absolute to $7.5 billion. It has offices in Mississippi, Alabama, Tennessee, Georgia and Florida.

The alliance additionally adds about 600 advisers at 36 cyberbanking locations, 21 mortgage offices and bristles advance offices.

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Keyworth and Renasant Bank Merger Information | renasant bank albany ga

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It's a aggregate of two banks that accept been acquisitive up added institutions.

Since 2010, Renasant has acquired two banks that had been bedeviled by the Federal Deposit Insurance Corp., as able-bodied as the assurance business of RBC USA. Then, aftermost year, it took over Mississippi's Aboriginal M&F Corp. in a $143 actor banal deal.

Heritage, founded in 1955 took over four Georgia banks that had been bedeviled by the FDIC from 2011 through 2013. It additionally took over Alarion Financial Services of Ocala, Florida, beforehand this year and has bought alone branches.

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Renasant Bank Online Banking Sign-In - Bank Online | renasant bank albany ga

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Renasant projects that it can cut 20 percent of Heritage's costs, mostly in 2015. Renasant says it will acquire $30 actor in costs in the combination.

Heritage stockholders would own about 20 percent of the accumulated coffer and Renasant would add one Heritage administrator to its board. Heritage CEO O. Leonard Dorminey would become admiral of Renasant's Georgia operations.

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