8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15 (d) of The Securities Exchange Act of 1934

April 19, 2005

Date of Report (Date of Earliest Event Reported)

RENASANT CORPORATION

(Exact Name of Registrant as Specified in its Charter)

Mississippi	1-13253	64-0676974
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)

209 Troy Street, Tupelo, Mississippi 38802-0709

(Address of Principal Executive Offices) (Zip Code)

Registrant’s Telephone Number, including area code: (662) 680-1001

The Peoples Holding Company

(Former Name or Former Address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition.

On April 19, 2005, Renasant Corporation (the “Company”) issued a press release announcing first quarter earnings for 2005. The press release is furnished as Exhibit 99.1 to this Form 8-K.

Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

(b) Effective April 19, 2005, Robert C. Leake, Chairman of the Board of Directors of the Company, resigned from the Board of Directors. Mr. Leake is 72 years old, and the Bylaws of the Company require a director to resign from the Board of Directors at the next regular shareholders meeting after such director reaches age 72. The Board of Directors elected E. Robinson McGraw, President and Chief Executive Officer of the Company, as the new Chairman of the Board. Mr. McGraw will retain his other responsibilities.

Item 5.03. Amendments to Articles of Incorporation or Bylaws; Changes in Fiscal Year.

At the Annual Meeting of the shareholders of the Company held on April 19, 2005, the shareholders of the Company approved amendments to the Company’s Articles of Incorporation. The amendments (i) change the Company’s name from “The Peoples Holding Company” to “Renasant Corporation,” (ii) increase the number of authorized shares of common stock, par value $5.00 per share, from 15,000,000 shares to 75,000,000 shares, (iii) authorize the issuance of up to 5,000,000 shares, par value $.01 per share, of “blank check” preferred stock, and (iv) eliminate cumulative voting rights in the election of directors. The Company filed Articles of Amendment to the Articles of Incorporation of the Company with the Mississippi Secretary of State on April 19, 2005. A copy of the Articles of Amendment to the Articles of Incorporation is attached hereto as Exhibit 3.1. A press release announcing the name change is attached as Exhibit 99.2 to this Form 8-K.

Also, effective April 19, 2005, the Board of Directors of the Company adopted an amendment to the Company’s Bylaws reflecting the change of the Company’s name. A copy of the Articles of Amendment to the Bylaws of the Company is attached hereto as Exhibit 3.2.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits.

3.1 Articles of Amendment to Articles of Incorporation of Renasant Corporation

3.2 Articles of Amendment to the Bylaws of Renasant Corporation

99.1 Press Release, dated April 19, 2005, issued by Renasant Corporation announcing first quarter earnings for 2005

99.2 Press Release, dated April 19, 2005, issued by Renasant Corporation announcing the name change and the election of E. Robinson McGraw as Chairman of the Board

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	RENASANT CORPORATION
	Registrant
DATE: April 19, 2005	/s/ E. Robinson McGraw
	E. Robinson McGraw
	President & Chief Executive Officer

EXHIBIT INDEX

EXHIBIT NUMBER	DESCRIPTION
3.1	Articles of Amendment to Articles of Incorporation of Renasant Corporation
3.2	Articles of Amendment to the Bylaws of Renasant Corporation
99.1	Press Release, dated April 19, 2005, issued by Renasant Corporation announcing first quarter earnings for 2005
99.2	Press Release, dated April 19, 2005, issued by Renasant Corporation announcing the name change and the election of E. Robinson McGraw as Chairman of the Board

EX-3.1

Exhibit 3.1

ARTICLES OF AMENDMENT TO

ARTICLES OF INCORPORATION

OF

THE PEOPLES HOLDING COMPANY

Pursuant to the provisions of Section 79-4-10.06 of the Mississippi Business Corporation Act, The Peoples Holding Company adopts the following Articles of Amendment to its Articles of Incorporation:

ONE: The name of the corporation is The Peoples Holding Company.

TWO: The following amendments of the Articles of Incorporation were approved by the shareholders of the corporation on April 19, 2005 in the manner required by the Mississippi Business Corporation Act and by the Articles of Incorporation:

(1) RESOLVED, that Article First of the Articles of Incorporation of The Peoples Holding Company is hereby amended to read as follows:

“FIRST: The name of the corporation is Renasant Corporation.”

(2) RESOLVED, that Article Fourth of the Articles of Incorporation of The Peoples Holding Company is hereby amended in the following two respects: (i) to increase the aggregate number of shares of common stock, par value $5.00 per share, which the corporation shall have authority to issue from 15,000,000 shares to 75,000,000 shares, and (ii) to authorize the corporation to issue up to 5,000,000 shares of preferred stock, par value $.01 per share. In accordance with such amendments, Article Fourth of the Articles of Incorporation of The Peoples Holding Company is hereby amended to read as follows:

“FOURTH: The corporation is authorized to issue two classes of stock, common stock and preferred stock. The aggregate number of shares of common stock which the corporation shall have the authority to issue is Seventy-Five Million (75,000,000) shares, having a par value of Five Dollars ($5.00) each. The aggregate number of shares of preferred stock which the corporation shall have the authority to issue is Five Million (5,000,000) shares, having a par value of one cent ($.01) each.

Shares of the preferred stock may be issued from time to time in one or more series, the shares of each series to have such voting powers, full or limited, or no voting powers, and such designations, preferences and relative participating, optional or other special rights, and the qualifications, limitations or restrictions thereof, as shall be stated herein or in an amendment or amendments hereto

providing for the issue of such series as adopted by the Board of Directors of the corporation. The Board of Directors of the corporation is hereby expressly authorized, subject to the limitations provided by law, to amend these Articles to establish and designate series of the preferred stock, to fix the number of shares constituting each series, and to fix the designations and the voting powers, preferences and relative participating, optional or other special rights, and the qualifications, limitations or restrictions of the shares of each series and the variations in the relative powers, rights, preferences and limitations as between or among series, and to increase and to decrease the number of shares constituting each series. The authority of the Board of Directors with respect to any series shall include, but shall not be limited to, the authority to fix and determine the following:

(a) The designation of such series.

(b) The number of shares initially constituting such series.

(c) The increase and the decrease, to a number not less than the number of the outstanding shares of such series, of the number of shares constituting such series as theretofore fixed.

(d) The rate or rates and the time at which dividends on the shares of such series shall be paid, and whether or not such dividends shall be cumulative, and, if such dividends shall be cumulative, the date or dates from and after which they shall accumulate.

(e) Whether or not the shares of such series shall be redeemable, and, if such shares shall be redeemable, the terms and conditions of such redemption, including, but not limited to, the manner of selecting shares of such series for redemption, if less than all shares are to be redeemed, the date or dates upon or after which such shares shall be redeemable and the amount per share which shall be payable upon such redemption, which amount may vary under different conditions and at different redemption dates.

(f) The amount payable on the shares of such series in the event of voluntary or involuntary liquidations, dissolution or winding up of the corporation. A liquidation, dissolution or winding up of the corporation, as such terms are used in this subparagraph (f), shall not be deemed to be occasioned by or to include any consolidation or merger of the corporation with or into any other corporation or corporations or a sale, lease or conveyance of all or a part of the assets of the corporation.

(g) Whether or not the shares of such series shall have voting rights and the terms and conditions thereof, including, but not limited to, the right of the holders of such shares to vote as a separate class either alone or with the holders of shares of one or more other series of preferred stock and the right to have one vote per share or less (but not more) than one vote per share.

(h) Whether or not a sinking fund or purchase fund shall be provided for the redemption or purchase of the shares of such series, and if such a sinking fund or purchase fund shall be provided, the terms and conditions thereof.

(i) Whether or not the shares of such series shall have conversion privileges, and, if such shares shall have conversion privileges, the terms and conditions of conversion, including but not limited to, any provision for the adjustment of the conversion rate or the conversion price.

(j) Any other powers, preferences and relative participating, optional, or other special rights, or qualifications, limitations or restrictions thereof, as shall not be inconsistent with the provisions of this Article Fourth or the limitations provided by law.”

(3) RESOLVED, that the Articles of Incorporation of The Peoples Holding Company are hereby amended by adding an Article Twelfth, which shall read as follows:

“TWELFTH: Holders of the corporation’s capital stock shall not be entitled to cumulate their votes in the election of directors of the corporation.”

THREE: The number of shares of stock of The Peoples Holding Company outstanding at the time of adoption of the foregoing amendments was ten million four hundred two thousand four hundred eighty-six (10,402,486) shares of common stock, all of one class, and the number of shares entitled to vote on such amendments was ten million four hundred two thousand four hundred eighty-six (10,402,486).

FOUR: The number of shares voting for and against the foregoing amendments is as follows:

(1) The number of shares voting for the amendment to change the name of the corporation from “The Peoples Holding Corporation” to “Renasant Corporation” was 7,123,462, and the number of shares voting against such amendment was 389,013.

(2) The number of shares voting for the amendment to increase the number of shares of common stock, par value $5.00 per share, which the corporation is authorized to issue from 15,000,000 shares to 75,000,000 shares was 6,093,273, and the number of shares voting against such amendment was 1,322,470.

(3) The number of shares voting for the amendment to authorize the issuance of up to 5,000,000 shares of preferred stock, par value $.01 per share, was 5,021,974, and the number of shares voting against such amendment was 1,276,958.

(4) The number of shares voting for the amendment to eliminate cumulative voting in the election of directors of the corporation was 5,390,164, and the number of shares voting against such amendment was 841,090.

Executed by the undersigned President and Chief Executive Officer of The Peoples Holding Company, on this 19th day of April, 2005, at Tupelo, Mississippi.

THE PEOPLES HOLDING COMPANY
By:	/s/ E. Robinson McGraw
Name:	E. Robinson McGraw
Title:	President and Chief Executive
	Officer

EX-3.2

Exhibit 3.2

ARTICLES OF AMENDMENT TO

THE BYLAWS OF

THE PEOPLES HOLDING COMPANY

Pursuant to the provisions of Section 79-4-10.20 of the Mississippi Business Corporation Act and in accordance with the Bylaws of The Peoples Holding Company, the Board of Directors hereby adopts the following Articles of Amendment to the Bylaws of The Peoples Holding Company:

ONE: All references in the Bylaws to “The Peoples Holding Company” shall be amended to read “Renasant Corporation.”

EX-99.1

Exhibit 99.1

Contact:	Jim Gray	Stuart Johnson
	Executive Vice President	Executive Vice President & CFO
	(662) 680-1217	(662) 680-1472
	jimg@renasant.com	stuartj@renasant.com

RENASANT CORPORATION ANNOUNCES

FIRST QUARTER EARNINGS

TUPELO, MISSISSIPPI (April 19, 2005)—Renasant Corporation (AMEX:PHC), formerly The Peoples Holding Company, today announced results for the first quarter of 2005. Net income for the first quarter of 2005 was $5,459,000, up 17.47%, or $812,000, from the first quarter of 2004. First quarter 2005 net income included approximately $244,000 after-tax merger expenses consisting primarily of conversion expenses related to the acquisition of Heritage Financial Holding Corporation and $160,000 in after-tax costs associated with changing the name of the Company’s subsidiary bank and insurance company. Excluding these adjustments, net income for first quarter 2005 would have been $5,863,000.

Basic and diluted earnings per share were $.52 for the first quarter of 2005 compared to basic and diluted earnings per share of $.57 for the first quarter of 2004. First quarter 2005 earnings include a $.02 reduction for merger expenses related to Heritage and a $.02 reduction for costs associated with the name change. Excluding these reductions, basic and diluted earnings per share for the first quarter of 2005 would have been $.56. The Renasant Bancshares acquisition completed July 1, 2004 had a $.02 dilutive impact and the Heritage acquisition had a $.02 dilutive impact on first quarter 2005 earnings.

“As expected, our earnings have been diluted by our two recent mergers.” commented Renasant President and CEO, E. Robinson McGraw. “We have, however, now experienced five consecutive quarters of loan growth and six consecutive quarters of improvement in net interest income. Credit quality continues to improve as we bring to final resolution the credit relationship that has represented over half our non-performing loan ratio over the past year. With our two recent acquisitions, we have now expanded our footprint to include key growth markets in Tennessee and Alabama and with our announcement today that we have changed the name of The Peoples Holding Company to Renasant Corporation, we are now positioned to continue our progress under one unified brand.” stated McGraw.

The acquisition of Heritage was completed on January 1, 2005 using the purchase accounting method under generally accepted accounting principles. Under this method of accounting, the financial statements of the Company do not reflect the results of operations of Heritage prior to January 1, 2005. As such, period-end balances incorporate the impact of the Company’s acquisition of Heritage, including total assets of $540.3 million, total loans of $389.8 million, total deposits of $381.0 million, goodwill of $46.9 million and a core deposit intangible of $4.6 million. The Company issued 1,369,589 shares of Renasant Corporation common stock and paid $23.1 million cash in connection with the acquisition.

The allowance for loan losses as a percentage of loans was 1.14% at the end of the first quarter 2005 compared to 1.50% at the end of the first quarter 2004 primarily due to the impact of reducing the balance of $18,839,000 of Heritage loans acquired by a specific credit reserve of

$5,742,000 from the allowance for loan losses at the date of acquisition as required by the AICPA’s Statement of Position 03-3, Accounting for Certain Loans or Debt Securities Acquired in a Transfer (“SOP 03-3”). The allowance for loan losses as a percentage of loans was further reduced by the Company’s improved credit quality and growth in the loan portfolio. Prior to the effective date of SOP 03-3, the specific reserve would have remained in the allowance for loan losses resulting in the allowance for loan losses as a percentage of loans of 1.50%. These loans are subject to the Company’s internal credit review procedures and are continually monitored for changes in the estimated cash flow. Net charge-offs were $1,186,000, or .31% annualized as a percentage of average loans for the first quarter of 2005 compared to $463,000, or .21% for the first quarter of 2004. During the first quarter of 2005, the Company foreclosed on the collateral securing the one problem credit relationship which had represented over half of non-performing loans as mentioned in prior quarterly releases. The foreclosure resulted in a partial charge-off of approximately $605,000 during the first quarter with an additional charge-off of $296,000 expected to be reported in the second quarter of this year. All amounts charged-off related to this credit had been fully reserved in the allowance for loan losses. Excluding this charge-off, charge-offs for the first quarter 2005 were .15% annualized. Non-performing loans as a percentage of total loans decreased to .43% at March 31, 2005, from 1.05% at March 31, 2004 and .76% at December 31, 2004. The acquisition of Heritage increased non-performing loans by $2,392,000 but this was more than offset by the aforementioned reduction due to the foreclosure of the problem credit relationship. The non-performing loan coverage ratio was 264.53% at March 31, 2005 compared to 142.67% at March 31, 2004 and 166.30% at December 31, 2004.

Net interest income grew 55.16% to $19,318,000 for the first quarter of 2005 compared to $12,450,000 in the same period in 2004 reflecting loan growth and the acquisition of Renasant Bancshares and Heritage. Net interest margin declined to 3.92% for the first quarter of 2005

from 4.09% for the first quarter of 2004 due to a number of factors. These factors include the acquisition of Renasant Bancshares and Heritage, both of whom had lower net interest margins than the Company; the issuance of subordinated debentures, and the rising cost of deposits.

Non-interest income increased to $9,903,000 for the first quarter of 2005 from $8,171,000 for the first quarter of 2004 despite the loss of over $350,000 of merchant discount revenue as a result of the sale of the merchant card portfolio in second quarter 2004. The acquisitions of Renasant Bancshares and Heritage contributed to the increase in non-interest income. Non-interest income also increased due to improvements in fees and commissions generated, trust revenue, increased gains on sale of mortgage loans and $264,000 representing the Company’s share of member proceeds resulting from the sale of the Pulse network to Discover. “We continue to generate strong, diversified noninterest income which represents approximately 33.89% of our net operating revenue, reflecting our commitment to this important initiative,” stated McGraw.

Non-interest expense was $20,963,000 for the first quarter of 2005 compared to $13,686,000 for the first quarter of 2004. The increase attributable to Renasant Bancshares and Heritage was approximately $6,265,000, including $399,000 of merger-related expenses. The Company incurred approximately $262,000 in marketing, legal and printing costs during the first quarter of 2005 associated with the name change of its subsidiary bank, The Peoples Bank & Trust Company, to Renasant Bank and its insurance agency, The Peoples Insurance Agency, to Renasant Insurance. The remaining increase was partially due to an increase in salary and benefits related to duplicate staff at the Company’s headquarters in Tupelo, Mississippi and at Heritage to facilitate the consolidation of back office functions related to the merger. These duplicate positions were eliminated in the second quarter 2005. The balance of this increase was due to salary and benefit expenses related to the strategic hiring of commercial lending and

wealth management personnel in the new markets, marketing expenses related to the expansion of a successful consumer checking account program into Tennessee and the introduction of a business checking account program and costs associated with de novo branches.

Reflecting primarily the acquisition of Heritage, total assets as of March 31, 2005 were up 35.96% from December 31, 2004 to $2.322 billion and total deposits were up 32.06% to $1.741 billion over the same period. Total loans grew 37.81% to $1.573 billion at the end of the first quarter 2005 from $1.141 billion at December 31, 2004. Excluding Heritage, loans grew at an annualized rate of 14.86% from the end of the fourth quarter of 2004.

“Our comprehensive investment, insurance and traditional banking services have resulted in significant growth in non-interest income during the previous 17 quarters. In addition to the strategic hires mentioned earlier, the acquisition of Renasant Bancshares now gives us a presence in Germantown and Cordova adjoining east Memphis. We will soon establish a third location in east Memphis to be opened in the third quarter 2005 and a fourth location in Collierville which adjoins our established Germantown and Cordova markets scheduled for opening in early 2006. In addition to the Memphis market we have recently opened a limited service branch in the affluent Nashville suburb of Brentwood, further expanding our presence in Tennessee. With the acquisition of Heritage, we now have a presence in the dynamic markets of Birmingham, Huntsville, Madison and Decatur, Alabama” commented McGraw.

The Company is also constructing a full-service bank in Oxford, Mississippi to compliment the existing limited service downtown facility and ATM on the campus of The University of Mississippi. It is anticipated that it will open in the third quarter of 2005. Additionally the Company opened a full service ATM on the campus of Mississippi State University in Starkville in January 2005.

CONFERENCE CALL INFORMATION

A live audio webcast of a conference call with analysts will be available beginning at 10:00 a.m. Eastern time on Wednesday, April 20, 2004, through the Investor Relations page of the Company’s website: www.renasantbank.com, and through Thompson/CCBN’s individual investor center at www.fulldisclosure.com, or any of Thompson/CCBN’s Investor Distribution Network. The event will be archived for 90 days. If Internet access is unavailable, the conference may also be heard live (listen-only) via telephone by dialing 1-800-299-7089 in the United States and entering the participant passcode 30371036. The financial and other statistical information presented in the conference call will be provided through the investor relations page on the Company’s website: www.renasantbank.com.

ABOUT THE PEOPLES HOLDING COMPANY

Renasant Corporation is the parent of Renasant Bank and Renasant Insurance. Renasant has assets in excess of $2.3 billion and operates 59 banking and insurance offices in 36 cities in Mississippi, Tennessee and Alabama.

NOTE TO INVESTORS

This news release contains forward-looking statements regarding Renasant Corporation. All forward-looking statements involve risk and uncertainty and a number of factors could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements. Those factors include, but are not limited to, interest rate fluctuations, regulatory changes, portfolio performance and other factors discussed in our recent filings with the Securities and Exchange Commission. 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.

Exhibit A

Renasant Corporation

Selected Financial Information

(Dollars in Thousands, Except Share Data)

Unaudited

	For The Three Months Ended March 31,
	2005			2004			% Change
Earnings Summary
Interest income	$	29,295		$	17,584		66.60	%
Interest expense		9,977			5,134		94.33
Net interest income		19,318			12,450		55.16
Provision for loan losses		597			505		18.22
Noninterest income		9,903			8,171		21.20
Noninterest expenses		20,963			13,686		53.17
Income before taxes and cumulative effect of accounting change		7,661			6,430		19.14
Income taxes		2,202			1,783		23.50
Net income	$	5,459		$	4,647		17.47	%
Common Stock Data
Basic earnings per share	$	0.52		$	0.57		(8.77	)%
Diluted earnings per share	$	0.52		$	0.57		(8.77	)%
Book value per share		22.17			17.26		28.45
Market value per share		31.10			33.70		(7.72	)
Cash dividends per share		0.21			0.20		5.00
Weighted average shares outstanding - basic		10,406,243			8,190,971		27.05
Weighted average shares outstanding - diluted		10,560,330			8,211,974		28.60
End of period shares outstanding		10,412,775			8,186,826		27.19
Balance Sheet Summary
Gross loans (excluding mortgage loans held for sale)	$	1,573,103		$	882,484		78.26	%
Allowance for loan losses		18,012			13,274		35.69
Total investment securities		425,196			425,609		(0.10	)
Total assets		2,321,575			1,469,269		58.01
Total deposits		1,741,412			1,198,025		45.36
Total borrowings		325,330			112,340		189.59
Shareholders’ equity		230,892			141,286		63.42
Selected Ratios
Return on average assets *		0.93	%		1.29	%	(27.91	)%
Return on average shareholders’ equity *		9.40			13.27		(29.16	)
Return on average tangible shareholders’ equity *		17.71			14.10		25.60
Shareholders’ equity to assets (actual)		9.95			9.62		3.43
Net interest margin (TE) *		3.92			4.09		(4.16	)
Noninterest income (less securities gains/losses) to average assets*		1.68			2.25		(25.33	)
Noninterest expense to average assets*		3.58			3.80		(5.79	)
Net overhead ratio * **		1.90			1.55		22.58
Efficiency ratio		70.65			63.99		10.41
Allowance for loan losses to total loans		1.14			1.50		(24.00	)
Reserve coverage of nonperforming loans		264.53			142.67		85.41
Nonperforming loans to total loans		0.43			1.05		(59.05	)
Net charge-offs to average loans *		0.31			0.21		47.62
Average loans to average deposits		90.60			74.41		21.76
Average earning assets to average assets		87.54			90.79		(3.58	)
*       Ratios annualized **     The net overhead ratio is noninterest expense less noninterest income expressed as a percent of average assets TE - tax equivalent basis
Nonperforming Assets
Nonaccruing loans	$	3,807		$	5,413		(29.67	)%
Accruing loans past due 90 days or more		3,002			3,891		(22.85	)
Total nonperforming loans		6,809			9,304		(26.82	)
ORE and repossessions		7,232			1,661		335.40
Total nonperforming assets	$	14,041		$	10,965		28.05	%

Renasant Corporation

Allowance for Loan Losses

(Dollars in Thousands)

Unaudited

	For The Three Months Ended March 31,
	2005		2004		% Change
Reserve for loan losses at beginning of period	$	14,403	$	13,232	8.85	%
Acquisition of Heritage		4,198		—	—
Provision for loan losses		597		505	18.22
Loans charged-off		1,413		484	191.94
Recoveries of loans previously charged-off		227		21	980.95
Reserve for loan losses at end of period	$	18,012	$	13,274	35.69	%

Renasant Corporation

Loans and Credit Quality

(Dollars in Thousands)

Unaudited

	Loans, Net of Unearned Income As of March 31,				Non-performing Loans As of March 31,				Net Charge-offs For The Year Ended March 31,
	2005		2004		2005		2004		2005		2004
Commercial, financial, agricultural	$	229,305	$	139,960	$	1,167	$	1,826	$	165	$	378
Lease financing		10,763		11,785		62		50		—		—
Real estate - construction		159,155		59,361		6		—		98		—
Real estate - 1-4 family mortgage		531,347		309,029		3,555		5,515		617		54
Real estate - commercial mortgage		537,800		277,517		1,811		1,697		84
Consumer		104,733		84,832		208		216		222		31
Total	$	1,573,103	$	882,484	$	6,809	$	9,304	$	1,186	$	463

Renasant Corporation

Condensed Consolidated Statements of Income

(Dollars in Thousands, Except Share Data)

Unaudited

	For The Three Months Ended March 31,
	2005		2004		% Change
Interest income:
Loans	$	24,530	$	13,287	84.62	%
Securities		4,659		4,221	10.38
Other		106		76	39.47
Total interest income		29,295		17,584	66.60
Interest expense:
Deposits		6,907		4,178	65.32
Borrowings		3,070		956	221.13
Total interest expense		9,977		5,134	94.33
Net interest income		19,318		12,450	55.16
Provision for loan losses		597		505	18.22
Net interest income after provision for loan losses		18,721		11,945	56.73
Noninterest income:
Service charges on deposit accounts		3,874		3,700	4.70
Insurance commissions		831		820	1.34
Fees and commissions		2,505		1,671	50.57
Trust revenue		625		464	34.70
Gains on sale of securities		102		89	14.61
BOLI revenue		404		285	41.75
Merchant discounts		2		356	(99.44	)
Gains on sale of mortgage loans		693		128	441.41
Other		867		658	30.09
Total noninterest income		9,903		8,171	21.20
Noninterest expenses:
Salaries and employee benefits		11,459		7,593	51.43
Data processing		1,044		1,163	(10.23	)
Net occupancy		1,615		855	88.89
Equipment		990		711	39.24
Professional fees		651		302	115.56
Advertising		740		494	49.80
Intangible amortization		586		123	344.72
Other		3,878		2,445	58.61
Total noninterest expenses		20,963		13,686	53.17
Income before income taxes		7,661		6,430	19.14
Income taxes		2,202		1,783	23.50
Net income	$	5,459	$	4,647	17.47	%

Renasant Corporation

Average Consolidated Balance Sheet and Net Interest Analysis *

(Dollars in Thousands)

Unaudited

	For The Three Months Ended March 31
	2005			2004
Earning assets
Loans and leases:
Interest (TE)	$	24,623		$	13,387
Average balance		1,576,877			871,897
Yield		6.33	%		6.18	%
Interest bearing bank balances, federal funds sold and repos:
Interest		108			77
Average balance		18,075			29,720
Yield		2.42	%		1.04	%
Investment securities:
Interest (TE)		5,103			4,977
Average balance		452,818			405,543
Yield		4.51	%		4.91	%
Total earning assets:
Interest (TE)		29,834			18,441
Average balance		2,047,770			1,307,160
Yield		5.89	%		5.67	%
Interest bearing liabilities
Interest bearing demand deposit accounts:
Interest		229			25
Average balance		95,199			9,041
Rate		0.98	%		1.11	%
Savings and money market accounts:
Interest		1,213			1,084
Average balance		558,714			476,684
Rate		0.88	%		0.91	%
Time deposits:
Interest		5,465			3,069
Average balance		829,764			518,019
Rate		2.67	%		2.38	%
Total interest bearing deposits:
Interest		6,907			4,178
Average balance		1,483,677			1,003,744
Rate		1.89	%		1.67	%
Other interest bearing liabilities:
Interest		3,070			956
Average balance		371,855			113,586
Rate		3.35	%		3.39	%
Total interest bearing liabilities:
Interest		9,977			5,134
Average balance		1,855,532			1,117,330
Rate		2.18	%		1.85	%
Net interest income (TE)	$	19,857		$	13,307
Net interest margin (TE)		3.92	%		4.09	%
Net interest spread (TE)		3.71	%		3.82	%

* Interest amounts annualized for purposes of calculating yields and rates

TE - taxable equivalent basis

EX-99.2

Exhibit 99.2

FOR IMMEDIATE RELEASE	Contact: Jim Gray—662-680-1217
April 19, 2005	Stuart Johnson—662-680-1472

SHAREHOLDERS RATIFY RENASANT CORPORATION NAME CHANGE

McGraw Chosen Board Chairman

TUPELO, Mississippi — Shareholders of The Peoples Holding Company have voted to rename their multi-state bank holding company Renasant Corporation.

The announcement came Tuesday at the company’s annual shareholders meeting and followed an earlier decision to unify bank operations under the Renasant banner as the company expanded in Mississippi and entered Tennessee and Alabama.

In addition, Renasant Corporation directors have elected company President and Chief Executive Officer E. Robinson McGraw to the additional post of chairman of the board of the $2.2 billion bank holding company.

McGraw, who will retain his other responsibilities, was elected board chairman during a directors meeting Tuesday. His elevation followed the retirement of Tupelo businessman Robert C. Leake, who stepped down from the board after 32 years as a director and 16 years as chairman.

The Renasant Corporation board also elected director J. Larry Young of Pontotoc, Mississippi, as board vice chairman, presiding director and chairman of the board’s executive committee. Young, a pharmacist, has served on the board of the since 1982.

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Renasant Corporation

April 19, 2005

Page Two

McGraw was elected president and chief executive officer of The Peoples Holding Company and The Peoples Bank & Trust Company (the predecessors of the recently renamed Renasant Corporation and Renasant Bank) in November 2000 after serving as executive vice president and in-house legal counsel for the bank since 1998.

During his tenure, the company has been transformed from a community banking company based and focused in the Tupelo and Lee County, Mississippi market to a multi-state bank holding company. This past year, the company completed the acquisition of Renasant Bancshares, Inc. of Germantown, Tennessee. Earlier this year, the company completed its purchase of Heritage Financial Holding Corporation of Decatur, Alabama.

The acquisitions propelled the company into new, affluent and growing markets in and around Nashville, Memphis, Germantown and Collierville, Tennessee and Huntsville and Birmingham, Alabama. The company has more than $2.2 billion in assets, up nearly 60 percent in the past year, and operates 59 community banks, insurance and financial services offices in 36 cities in Alabama, Tennessee and Mississippi.

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