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FBMS-News
FBMS-Events
Renasant completes merger with The First Bancshares
Renasant Corporation (RNST) announced that it has completed its merger with The First Bancshares (FMBS), the parent company of The First Bank, effective April 1, 2025. Although the merger has been completed, full conversion and integration of The First's operations into Renasant's is expected to be completed in early August 2025. Until the conversion is completed, The First's customers should continue to conduct their banking business as usual, including using existing branches, debit cards, checks, credit cards and ATMs, and making loan payments.
Renasant, First Bancshares announce receipt of regulatory approvals for merger
Renasant (RNST) and First Bancshares, Inc. (FBMS) jointly announced that they have received all necessary regulatory approvals to complete the proposed merger of The First with and into Renasant, and the related merger of The First's wholly owned subsidiary, The First Bank, with and into Renasant Bank, Renasant's wholly owned subsidiary. Renasant and The First previously announced that their respective shareholders approved the proposed merger at special shareholder meetings on October 22, 2024.
Renasant, First Bancshares receives regulatory approvals for merger
Renasant Corporation (RNST) and The First Bancshares (FBMS) have received all necessary regulatory approvals to complete the proposed merger of The First with and into Renasant, and the related merger of The First's wholly owned subsidiary, The First Bank, with and into Renasant Bank, Renasant's wholly owned subsidiary. Renasant and The First previously announced that their respective shareholders approved the proposed merger at special shareholder meetings on October 22, 2024 . Renasant and The First expect to close the merger on April 1, 2025, subject to the satisfaction of other customary closing conditions. The combination will result in a financial services institution with approximately $26B in assets and more than 250 locations throughout the Southeast, as well as offering factoring and asset-based lending on a nationwide basis.
First Bancshares reports Q4 EPS 64c, consensus 65c
Reports Q4 NII $60.1M vs. $57.7M last year. M. Ray "Hoppy" Cole, CEO, commented, "We are pleased with our fourth quarter performance, which was characterized by strong loan growth, core net interest margin expansion and in line operating results. This performance is the result of the hard work and commitment of our associates in building a high performing southeastern bank franchise. Two thousand twenty-four was a pivotal year in the history of our company with the announcement of the Merger. We are excited about this strategic partnership and the opportunities it presents for us to continue to build value for all our stakeholders."
First Bancshares receives shareholder approval for Renasant deal
The First Bancshares announced that the previously announced merger between The First and Renasant Corporation, pursuant to the Agreement and Plan of Merger, dated as of July 29, 2024, has been approved by its shareholders. Completion of the transaction remains subject to customary closing conditions, including the receipt of required regulatory approvals.
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