TUPELO, Mississippi — Officials say Renasant Bank of Tupelo has all the regulatory approvals it needs for its $258 million purchase of HeritageBank of the South, based in Albany, Georgia.
The Northeast Mississippi Daily Journal reports (http://bit.ly/1L9EwuK ) that sharholders of Renasant Corp. and Heritage Financial Group must still approve the deal, but that's considered a formality.
Renasant announced the merger agreement in December.
The merger is expected to be completed in the third quarter of this year. It would be the largest in Renasant's 111-year history.
Heritage brings about $1.9 billion in assets, bringing Renasant's total to $7.5 billion. It has offices in Mississippi, Alabama, Tennessee, Georgia and Florida.
The merger also adds about 600 employees at 36 banking locations, 21 mortgage offices and five investment offices.
Information from: Northeast Mississippi Daily Journal, http://djournal.com
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