Renasant Completes Merger with First M&F

                   Renasant Completes Merger with First M&F

PR Newswire

TUPELO, Miss., Sept. 3, 2013

TUPELO, Miss., Sept. 3, 2013 /PRNewswire/ --Renasant Corporation (NASDAQ:
RNST) ("Renasant" or "the Company") today announced that it has completed its
merger with First M&F Corporation ("M&F"), a bank holding company
headquartered in Kosciusko, Mississippi, and the parent of Merchants and
Farmers Bank, effective September 1, 2013. The combined company has
approximately $5.8 billion in total assets with 130 banking, mortgage,
financial services and insurance offices throughout Mississippi, Tennessee,
Alabama and Georgia.

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"With the M&F merger now complete, we welcome our new customers, employees and
shareholders to the Renasant family," said Renasant Chairman and CEO, E.
Robinson McGraw. "Since the merger announcement, both Renasant and M&F have
worked diligently to ensure a smooth and successful transition. Furthermore,
this partnership will benefit both current and future customers with the
expanded convenience of locations, services and product offerings."

The merger adds $1.6 billion in assets, $1.4 billion in deposits and 42
banking and insurance locations throughout Renasant's Mississippi, Alabama and
Tennessee banking franchises. In addition, the merger significantly increases
the Company's deposit market share in the Birmingham and Memphis MSAs and the
key Mississippi markets of Tupelo, Oxford and Starkville, while providing
entrance into the markets surrounding Jackson, Mississippi. The merger will
strengthen the Company's overall business lines by doubling its insurance
operations as M&F Insurance will become Renasant Insurance, Inc., a subsidiary
of Renasant Bank, on September 1, 2013.

Commenting on the transaction, Hugh S. Potts, Jr., Chairman and Chief
Executive Officer of First M&F Corporation said, "Our clients and communities
can expect the quality of service to move to higher levels of excellence and
can count on Renasant being an exemplary, leading citizen. Our associates are
committed to being a premier financial partner as Renasant is now stronger
than ever."

The conversion and integration of M&F into Renasant is expected to be
completed in December 2013. At this time, M&F clients should continue to
conduct their banking business as usual, including but not limited to, using
existing branches, debit cards, checks, ATMs, and making loan payments until
conversion is completed. Renasant has set up a website for clients to obtain
useful information about the transition at

"We believe this merger enhances our long-term value as a company for our
clients, employees and shareholders," stated McGraw. "With the addition of an
experienced and talented team, we look forward to a bright future as we
continue to grow our market share and expand our footprint."

About Renasant:

Renasant Corporation is the parent of Renasant Bank and Renasant Insurance.
Renasant is a 109-year-old financial institution that has assets of
approximately $5.8 billion and operates 130  banking, mortgage, financial
services and insurance offices in Mississippi, Tennessee, Alabama and Georgia.

note to investors:

This news release may contain, or incorporate by reference, statements which
may constitute "forward-looking statements" within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. Such forward looking statements usually
include words such as "expects," "projects," "anticipates," "believes,"
"intends," "estimates," "strategy," "plan," "potential," "possible" and other
similar expressions.

Prospective investors are cautioned that any such forward-looking statements
are not guarantees for future performance and involve risks and uncertainties,
and that actual results may differ materially from those contemplated by such
forward-looking statements. Important factors currently known to management
that could cause actual results to differ materially from those in
forward-looking statements include significant fluctuations in interest rates,
inflation, economic recession, significant changes in the federal and state
legal and regulatory environment, significant underperformance in our
portfolio of outstanding loans, and competition in our markets. We undertake
no obligation to update or revise forward-looking statements to reflect
changed assumptions, the occurrence of unanticipated events or changes to
future operating results over time.

Contacts: For Media:                   For Financials:
          John Oxford                  Kevin Chapman
          Vice President               Executive Vice President
          Director of External Affairs Chief Financial Officer
          (662) 680-1219               (662) 680-1450

Video with caption: "Renasant Completes Merger with First M&F." Video

SOURCE Renasant Corporation

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