RENASANT CORPORATION (NASDAQ:RNST) Files An 8-K Other Events

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RENASANT CORPORATION (NASDAQ:RNST) Files An 8-K Other Events

Item 8.01 Other Events

On April 20, 2017, Renasant Corporation (Renasant) issued a press
release announcing that it has received all requisite federal
bank regulatory approvals for the merger of Metropolitan
BancGroup, Inc. (Metropolitan) with and into Renasant and the
related merger of Metropolitans wholly-owned subsidiary,
Metropolitan Bank, with and into Renasant Bank, Renasants wholly
owned subsidiary. A copy of the press release is attached as
exhibit 99.1 to this Current Report on Form 8-K and incorporated
herein by reference.
Additional Information about the Renasant/Metropolitan
Transaction:
This report is being made in respect of the proposed merger
transaction between Metropolitan and Renasant. In connection with
the proposed merger, Renasant filed a registration statement on
Form S-4 with the Securities and Exchange Commission (the SEC) on
March 17, 2017, that included a preliminary proxy
statement/prospectus, and will file other relevant documents
concerning the proposed merger. The registration statement on
Form S-4 has not yet been declared effective by the SEC and is
subject to revision, some of which may be significant. This
report does not constitute an offer to sell or the solicitation
of an offer to buy any securities or a solicitation of any vote
or approval. BEFORE MAKING ANY INVESTMENT DECISION, METROPOLITAN
INVESTORS ARE URGED TO READ THE DEFINITIVE PROXY
STATEMENT/PROSPECTUS AND ANY OTHER DOCUMENTS TO BE FILED WITH THE
SEC IN CONNECTION WITH THE PROPOSED MERGER OR INCORPORATED BY
REFERENCE IN THE DEFINITIVE PROXY STATEMENT/PROSPECTUS BECAUSE
THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT RENASANT,
METROPOLITAN AND THE PROPOSED MERGER. When available, the
definitive proxy statement/prospectus will be mailed to
stockholders of Metropolitan. Investors will also be able to
obtain copies of the definitive proxy statement/prospectus and
other relevant documents filed by Renasant (when they become
available) free of charge at the SECs website (www.sec.gov). In
addition, documents filed with the SEC by Renasant will be
available free of charge from Kevin Chapman, Chief Financial
Officer, Renasant Corporation, 209 Troy Street, Tupelo,
Mississippi 38804-4827, telephone: (662) 680-1450.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995:
This report contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Congress passed the Private Securities Litigation Act of 1995 in
an effort to encourage companies to provide information about
their anticipated future financial performance. This act provides
a safe harbor for such disclosure, which protects a company from
unwarranted litigation if actual results are different from
management expectations. This report reflects the current views
and estimates of future economic circumstances, industry
conditions, company performance, and financial results of the
management of Renasant and Metropolitan. These forward-looking
statements are subject to a number of factors and uncertainties
which could cause Renasants, Metropolitans or the combined
companys actual results and experience to differ from the
anticipated results and expectations expressed in such
forward-looking statements, and such differences may be material.
Forward-looking statements speak only as of the date they are
made, and neither Renasant nor Metropolitan assumes any duty to
update forward-looking statements. In addition to factors
previously disclosed in Renasants reports filed with the SEC and
those identified elsewhere in this report, these forward-looking
statements include, but are not limited to, statements about (i)
the expected benefits of the transaction between Renasant and
Metropolitan, including future financial and operating results,
cost savings, enhanced revenues and the expected market position
of the combined company that may be realized from the
transaction, and (ii) Renasants and Metropolitans plans,
objectives, expectations and intentions and other statements
contained in this report that are not historical facts. Other
statements identified by words such as expects, anticipates,
intends, plans, believes, seeks, estimates, targets, projects or
words of similar meaning generally are intended to identify
forward-looking statements. These statements are based upon the
current beliefs and expectations of Renasants and Metropolitans
management and are inherently subject to significant business,
economic and competitive risks and uncertainties, many of which
are beyond their respective control. In addition, these
forward-looking statements are subject to assumptions with
respect to future business strategies and decisions that are
subject to change. Actual results may differ from those indicated
or implied in the forward-looking statements, and such
differences may be material.
The following risks, among others, could cause actual results to
differ materially from the anticipated results or other
expectations expressed in the forward-looking statements: (1) the
businesses of Renasant and Metropolitan may not be integrated
successfully or the integration may be more difficult,
time-consuming or costly than expected; (2) the expected growth
opportunities or costs savings from the transaction may not be
fully realized or may take longer to realize than expected; (3)
revenues following the transaction may be lower than expected as
a result of losses of customers or other reasons; (4) deposit
attrition, operating costs, customer loss and business disruption
following the transaction, including difficulties in maintaining
relationships with employees, may be greater than expected; (5)
Metropolitans stockholders may fail to approve the transaction;
(6) reputational risks and the reaction of the companies
customers to the transaction; (7) diversion of management time on
merger-related issues; (8) changes in asset quality and credit
risk; (9) inflation; (10) the cost and availability of capital;
(11) customer acceptance of the combined companys products and
services; (12) customer borrowing, repayment, investment and
deposit practices; (13) the introduction, withdrawal, success and
timing of business initiatives; (14) the impact, extent, and
timing of technological changes; (15) increased cybersecurity
risk, including potential network breaches, business disruptions
or financial losses; (16) severe catastrophic events in the
companies geographic area; (17) macroeconomic, geopolitical or
other factors may prevent the growth that the companies expect in
the markets in which they operate; (18) a weakening of the
economies in which the combined company will conduct operations
may adversely affect its operating results; (19) the U.S. legal
and regulatory framework, including those associated with the
Dodd-Frank Wall Street Reform and Consumer Protection Act, could
adversely affect the operating results of the combined company;
(20) the interest rate environment may compress margins and
adversely affect net interest income; (21) competition from other
financial services companies in the companies markets could
adversely affect operations; and (22) other financial
institutions with greater financial resources than Renasant may
be able to develop or acquire products that enable them to
compete more successfully than Renasant. Additional factors that
could cause Renasants results to differ materially from those
described in the forward-looking statements can be found in
Renasants reports (such as Annual Reports on Form 10-K, Quarterly
Reports on Form 10-Q and Current Reports on Form 8-K) filed with
the SEC and available at the SECs website (www.sec.gov). All
subsequent written and oral forward-looking statements concerning
Renasant, Metropolitan or the proposed merger or other matters
and attributable to Renasant, Metropolitan or any person acting
on either of their behalf are expressly qualified in their
entirety by the cautionary statements above. Renasant and
Metropolitan do not undertake any obligation to update any
forward-looking statement, whether written or oral, to reflect
circumstances or events that occur after the date the
forward-looking statements are made.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number
Description of Exhibit
99.1
Press release dated April 20, 2017 issued by Renasant
Corporation


About RENASANT CORPORATION (NASDAQ:RNST)

Renasant Corporation is a bank holding company that owns and operates Renasant Bank (the Bank) and Renasant Insurance, Inc. (Renasant Insurance), a subsidiary of the Bank with operations in Mississippi. The Company operates through three segments: Community Banks segment, Insurance segment and Wealth Management segment. The Community Banks segment offers a range of banking and financial services to individuals and small to medium-sized businesses. The Insurance segment includes an insurance agency offering all lines of commercial and personal insurance through major carriers. The Wealth Management segment offers a range of fiduciary services, which includes the administration and management of trust accounts, including personal and corporate benefit accounts, self-directed individual retirement accounts (IRAs), and custodial accounts. In addition, the Wealth Management segment offers annuities, mutual funds and other investment services through a third-party broker-dealer.

RENASANT CORPORATION (NASDAQ:RNST) Recent Trading Information

RENASANT CORPORATION (NASDAQ:RNST) closed its last trading session up +0.97 at 41.98 with 150,112 shares trading hands.