Financial Services Acquisitions in Mississippi
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July 1, 2025
- Buyer
- BankFirst Capital Corporation
- Target
- The Magnolia State Corporation, Magnolia State Bank
- Industry
- Financial Services
- Location
- Mississippi, United States
- Type
- Buyout
BankFirst Capital Corporation signed and later completed its acquisition of The Magnolia State Corporation and its wholly owned subsidiary, Magnolia State Bank. The deal expands BankFirst’s presence across Mississippi and Alabama, bringing the combined company to 52 offices and approximately $3.2 billion in total assets.
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October 22, 2024
- Buyer
- Renasant Corporation
- Target
- The First Bancshares, Inc.
- Industry
- Financial Services
- Location
- Mississippi, United States
- Type
- Buyout
Renasant Corporation and The First Bancshares announced they have received all necessary regulatory approvals to complete the proposed merger. The companies expect to close the transaction on April 1, 2025, following shareholder approval previously obtained in October 2024.
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September 5, 2023
- Buyer
- Ross & Yerger Insurance, Inc.
- Target
- Element Wealth
- Industry
- Financial Services
- Location
- Mississippi, United States
- Type
- Buyout
Ross & Yerger, a long-established Jackson-based insurance agency, has completed a strategic merger with Element Wealth of Ridgeland to expand its wealth management and financial planning capabilities. The integration brings Element Wealth’s advisory services into Ross & Yerger’s platform to offer clients a more comprehensive suite of insurance, retirement and investment solutions.
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- Buyer
- The First Bancshares, Inc.
- Target
- Heritage Southeast Bancorporation, Inc.
- Industry
- Financial Services
- Location
- Mississippi, United States
- Type
- Buyout
The First Bancshares, Inc. executed a definitive merger agreement to acquire Heritage Southeast Bancorporation, Inc. (HSBI). Upon closing, Heritage Southeast Bank will merge into The First Bank, expanding the acquirer’s presence in Georgia and Florida.
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- Buyer
- CURO Group Holdings Corp.
- Target
- First Heritage Credit
- Industry
- Financial Services
- Location
- Mississippi, United States
- Type
- Buyout
CURO Group Holdings Corp. completed its previously announced acquisition of First Heritage Credit for a total purchase price of $140 million in cash. The closing is paired with CURO arranging a new $225 million non-recourse revolving warehouse facility to replace First Heritage Credit’s incumbent lender and support future loan growth.
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April 12, 2021
- Buyer
- BancorpSouth Bank (BXS), Cadence Bancorporation (CADE)
- Target
- Cadence Bancorporation (CADE)
- Industry
- Financial Services
- Location
- Mississippi, United States
- Type
- Buyout
BancorpSouth Bank and Cadence Bancorporation (parent of Cadence Bank, N.A.) entered into an all-stock merger agreement valued at over $6 billion. Cadence shareholders will receive 0.70 shares of BancorpSouth (BXS) for each CADE share, with a one-time special cash dividend of $1.25 per share, and the combined bank will operate as Cadence Bank with dual headquarters in Tupelo, Mississippi and Houston, Texas.
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- Buyer
- Business First Bancshares, Inc. (b1BANK)
- Target
- Smith Shellnut Wilson, LLC
- Industry
- Financial Services
- Location
- Mississippi, United States
- Type
- Buyout
Business First Bancshares, Inc. (the holding company for b1BANK) signed a definitive agreement to acquire Smith Shellnut Wilson, LLC (SSW), a registered investment adviser headquartered in Ridgeland, Mississippi. The acquisition will consolidate b1BANK's Wealth Solutions Division with SSW, expanding the bank's investment advisory capabilities and product offering to corporate, foundation and individual clients.
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