Metropolitan BancGroup Shareholders Approve Merger with Renasant Bank

Staff Report From Georgia CEO

Monday, June 12th, 2017

Renasant Corporation, the parent company of Renasant Bank, announced that the shareholders of Metropolitan BancGroup, Inc., the parent company of Metropolitan Bank, voted to approve the merger of Metropolitan with and into Renasant pursuant to the Agreement and Plan of Merger dated as of January 17, 2017, by and among Renasant, Renasant Bank, Metropolitan and Metropolitan Bank.  Renasant and Metropolitan have already received all regulatory approvals, including approval from the Federal Deposit Insurance Corporation, necessary to complete the proposed merger of Metropolitan with and into Renasant.  Subject to the satisfaction of other customary closing conditions contained in the merger agreement, the merger is expected to be completed on July 1, 2017.