Renasant (RNST) and First Bancshares (FBMS) said Monday they have obtained all required regulatory approvals to complete their planned merger.
The companies said the deal, including the combination of their banking units, is set to close on April 1, subject to other customary conditions.
The combined entity is expected to have about $26 billion in assets and more than 250 locations across the southeastern US, the companies said.
Renasant and The First announced in July 2024 that First Bancshares and its subsidiary The First Bank will merge with and into Renasant and Renasant Bank, respectively, in an all-stock transaction valued at about $1.2 billion.
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