Renasant Financial Partners Ltd.
TSX : REN

Renasant Financial Partners Ltd.

October 13, 2006 14:20 ET

Renasant Reports Settlement

MISSISSAUGA, ONTARIO--(CCNMatthews - Oct. 13, 2006) - Renasant Financial Partners Ltd. (the "Corporation") (TSX:REN) announced today that it has settled its outstanding claims by the City of Windsor relating to approximately 50 equipment leases entered into between 1994 and 2001. A prior settlement with the City was reached in July 2005 regarding the regional landfill. Together, the settlements extinguish a $300 million litigation claim. This settlement requires the Corporation to make a payment of approximately $3.7 million, to release a $0.5 million security deposit and to modify several existing contracts to revise the purchase options to $1.00. The settlement was within the financial reserves established by the Corporation in its financial statements.

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