Business

Merger of bank with Middle Georgia branches is complete

The merger of Albany-based Heritage Financial Group, parent company of HeritageBank of the South, with Mississippi-based Renasant Corp., the parent company of Renasant Bank, has been completed.

Renasant has received all regulatory approvals, including approval from the Federal Deposit Insurance Corp. and the Federal Reserve, necessary to complete the merger, according to a release. Renasant Bank is a 110-year-old financial services institution, and before the merger it had more than 120 offices.

The combined company has about $7.77 billion in total assets with 171 banking, mortgage, wealth management, investment and insurance offices throughout Mississippi, Tennessee, Alabama, Georgia and Florida.

Total assets as of June 30 were about $5.90 billion, compared with $5.81 billion as of Dec. 31, 2014.

Heritage has offices in Macon and Warner Robins and plans to build a new branch on Bass Road.

Although the merger is complete, full conversion and integration of Heritage into Renasant is not expected to be completed until late August.

Heritage Financial stock, which had been listed on the NASDAQ exchange as HBOS, has been changed to RNST.

To contact writer Linda S. Morris, call 744-4223.

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