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Renasant to buy Metropolitan Bank for $190M, boost assets more than $10B

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Renasant Corp. announced Tuesday that it’s buying Metropolitan BancGroup for $190 million in stock. The Tupelo-based bank says acquiring Metropolitan’s $1.2 billion in assets will boost its market share, making it the fifth-largest bank in the metro areas of Memphis, Tennessee, and Jackson, Mississippi. Metropolitan has eight total offices, four in the Jackson area and ...

The post Renasant to buy Metropolitan Bank for $190M, boost assets more than $10B appeared first on Mississippi Business Journal.


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