secwatch.observer — SEC 8-K summary
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Issuer:     RENASANT CORP (RNST)
CIK:        0000715072
Form:       8-K
Filed at:   2024-07-29T23:59:59+00:00
Accession:  0001193125-24-187608
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Renasant to acquire The First Bancshares in $1.2B all-stock merger; combined ~$25B assets
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- Each FBMS share converts to 1 RNST share; deal valued at ~$1.2B based on RNST's July 26 close.
- Combined pro forma: ~$25B assets, $18B loans, $21B deposits across 6 Southeast states.
- Expected close in first half 2025, subject to regulatory and shareholder approvals; termination fee $40M.
- The First's CEO Hoppy Cole to become Senior EVP and join Renasant and Renasant Bank boards.
- Directors and officers of both firms entered voting agreements covering ~3.69% of FBMS and ~1.80% of RNST shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/715072/000119312524187608/0001193125-24-187608-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/715072/000119312524187608/d860233d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-187608

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