Renasant Bank
{{short description|Regional bank based in Tupelo, Mississippi}}
{{Infobox company
| name = Renasant Corporation
| logo = Renasant Bank logo.png
| image =
| type = Public
| traded_as = {{ubl|{{NASDAQ|RNST}}|S&P 600 component}}
| foundation = {{Start date and age|1904}}
| location = Tupelo, Mississippi, U.S.
| key_people = Kevin Chapman (CEO)
| industry = {{ubl|Finance and insurance|Securities}}
| products = Financial services
| num_employees = 3,200{{Cite web|url=https://www.renasantbank.com/about|title = About Us | Renasant Bank Local Community Banking}}
| website = {{URL|https://renasantbank.com|renasantbank.com}}
}}
Renasant Bank is an American regional commercial financial institution based in Tupelo, Mississippi. The bank has more than 280 branches in Alabama, Florida, Georgia, Mississippi, Louisiana, Tennessee, North Carolina and South Carolina.{{Cite web|url=https://www.renasantbank.com/about|title=About|website=www.renasantbank.com|language=en|access-date=2020-03-24}} Renasant Bank operates under the parent company Renasant Corporation{{Cite web|url=http://www.renasant.com/|title=Corporate Profile › Renasant Bank|website=www.renasant.com|access-date=2020-03-24}} and is affiliated with Renasant Nation,{{Cite web|url=https://renasantnation.com/|title=Renasant Nation {{!}} Brought to you by Renasant Bank|website=Renasant Nation|language=en-US|access-date=2020-03-24}} a platform through which they publish blogs and shows.{{Cite web|url=https://renasantnation.com/shows/|title=Shows|website=Renasant Nation|language=en-US|access-date=2020-03-24}}
History
Renasant began as The Peoples Bank and Trust Company in 1904. Throughout the 1980s and 1990s the bank grew by acquiring small local banks in Mississippi. In 2005, it acquired Heritage Bank of Decatur, Alabama,{{Cite web|url=http://www.al.com/business/index.ssf/2015/06/renasant_banks_purchase_of_her.html|title = Renasant's purchase of HeritageBank of the South approved|date = 17 June 2015}} and Renasant Bancshares of Memphis, Tennessee and assumed the new Renasant Bank moniker. In 2007, Renasant acquired Capital Bank of Nashville, Tennessee.
In 2010, as part of the financial crisis, it acquired the failed Crescent Bank and Trust of Jasper, Georgia and later the American Trust Bank of Roswell, Georgia, both suburban Atlanta banks. Additional acquisitions followed in the 2010s, Merchants and Farmers Bank of Kosciusko, Mississippi in 2013, Heritage Bank of the South in Albany, Georgia, in 2015, and Keyworth Bank of Johns Creek, Georgia.{{cite web|url=http://www.usbanklocations.com/renasant-bank-history.shtml|title=Renasant Bank, History|website=usbanklocations.com|access-date=16 August 2016}}{{Cite web | title=Mergers & Acquisitions › Renasant Bank | url=http://www.renasant.com/MNA/100541 | archive-url=https://web.archive.org/web/20160315134218/http://www.renasant.com:80/MNA/100541 | access-date=2025-02-20 | archive-date=2016-03-15}} In the third quarter of 2018, Renasant acquired BrandBank of Lawrenceville, Georgia, adding 13 more locations.
In early 2025, Renasant acquired The First Bancshares, Inc., the parent company of The First Bank, headquartered in Hattiesburg, Mississippi, which added more than $8 billion in assets, 111 locations and introduced the company into the state of Louisiana. This was Renasant’s largest merger to date.
Renasant currently has approximately $26.0 billion in assets and operates more than 280 locations in Alabama, Florida, Georgia, North Carolina, South Carolina, Mississippi, Tennessee, and Louisiana and offers factoring and asset-based lending on a nationwide basis.
Services offered
Renasant Bank offers checking and savings accounts, credit cards, wealth management, and digital banking services.{{cite web |url=http://www.renasant.com/ |title=Home |website=renasant.com}} It also offers conforming, FHA, Jumbo, VA, and USDA mortgages as well as HELOCs.{{cite web|url=https://www.renasantbank.com/mortgage|title=Renasant Bank, Mortgage|access-date=19 December 2020}}{{cite web|url=https://mortgagewaldo.com/mortgage-lender-statistics/5493002RF1ERFA2XR050-renasant-bank/|title=Renasant Bank Mortgage Services and Reviews|website=mortgagewaldo.com|date=19 March 2020|access-date=19 December 2020}} For businesses, it offers treasury and corporate banking services.{{Cite web|url=https://www.renasantbank.com/business|title = Business Banking | Renasant Bank Business Financial Support}}
Asset history
| class="wikitable"
|+Asset History{{Cite web|url=http://investors.renasant.com/AsReported/BalanceSheet|title=As Reported Financials › Renasant Bank|website=investors.renasant.com|access-date=2020-03-24}} !Year !Reported Assets |
| 1954
|$3 million |
| 1973
|$73 million |
| 2003
|$1 billion+ |
| 2007
|$3.4 billion |
| 2012
|$4.2 billion |
| 2016
|$8.69 billion |
| 2017
|$9.82 billion |
| 2018
|$12.93 billion |
| 2019
|$13.40 billion |
| 2025
|$26 billion |
References
{{Reflist}}
External links
- [https://www.renasantbank.com Renasant website]
{{Portal|Banks}}
{{NASDAQ Financial-100}}
Category:American companies established in 1904
Category:Banks established in 1904