SOURCE: Santa Fe Holding Company, Inc.

September 12, 2007 14:40 ET

Santa Fe Holding Company Secures $4 Million Construction Line of Credit With Renasant Bank

BRENTWOOD, TN--(Marketwire - September 12, 2007) - Santa Fe Cattle Co. announced today that it has secured a $4 million construction line of credit with Renasant Bank of Tupelo, MS. The LOC has been established to facilitate the expansion plans of Santa Fe Cattle Company until March, 2008. Santa Fe Holding Company (PINKSHEETS: SFHD) currently owns and operates 18 restaurants in 7 states. The company will complete 3 more stores in 2007 and has planned 20 more locations over the next 24 months.

Santa Fe Chairman Danny York said, "This line of credit will allow us to reach our stated goal of 10-12 new stores per year. Santa Fe Cattle Co. uses a mix of company financed and build to suit with selected developers to accommodate their tremendous growth rate." Santa Fe Cattle Co. has opened 5 new locations in 2007 and currently has 3 more under construction that will open in 2007. "Santa Fe already has 8 of its 10 anticipated sites under contract for 2008," added York.

Renasant Bank has been a tremendous banking partner and is one of the Southeast's premier financial organizations. Scott Cochran, President of Renasant Bank for Mississippi said, "Sante Fe Cattle Co. has an already successful business plan and we believe it is primed for future growth in the restaurant industry. We look forward to helping them fulfill their future growth plans by providing the financial relationship that an outstanding business such as Sante Fe deserves."

"The credit facility will allow us to double the size of our company to more than 40 restaurants over the next 2 years with all stores being company owned," stated Mr. York. "We have everything in place to implement our future growth strategy and create substantial increases in shareholder value for our shareholders."

About Renasant Bank

Renasant Corporation is the parent of Renasant Bank and Renasant Insurance, Inc. The Company has assets of approximately $3.4 billion and operates 70 community bank, insurance and financial services offices within Mississippi, Tennessee and Alabama. Visit the bank's website at for additional information.

Renasant is a publicly traded on the NASDAQ under the symbol RNST.

About The Company

Santa Fe Holding Company is the holding company for one of the nation's fastest growing casual dining "roadhouse" steak restaurant chains with locations in 7 states. Santa Fe Cattle Co., started in 1996, provides customers with a unique blend of perfectly aged USDA Choice steaks and mouth watering Chuck Wagon favorites developed exclusively for Santa Fe Cattle Co. The menu contains a melting pot of Texas Hill Country influences, from south of the border enchiladas and fajitas to hearty sausage and authentic flavored sauces and dressings that can only be found at a Santa Fe Cattle Co. restaurant. Each store has a "Big Ass Ceiling Fan" encompassing the entire dining room with customers enjoying the casual, nostalgic family oriented atmosphere reminiscent of the old west. The company, located in Brentwood, TN, was established to provide customers with great food, awesome service, in a fun atmosphere, all at a reasonable price.

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