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Renasant Bank Announces Termination of FDIC Loss Share Agreement

Thursday, December 8, 2016

Congratulations Renasant Bank!

Congratulations to Renasant Bank (Renasant) of Tupelo, Mississippi for successfully terminating their FDIC loss share agreements on their four failed bank receiverships: Crescent Bank & Trust Co., American Trust Bank, Citizens Bank of Effingham and First Southern National Bank.

The agreement was reached on December 8 and in the fourth quarter of 2016, the termination agreement will eliminate from the company’s books the true-up liability and other related receivables for the terminated loss-sharing agreement.

DD&F served as an advisor to Renasant in successfully terminating their shared loss agreements with the FDIC and would like to congratulate all of the Renasant team. We wish you continued success!

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