Renasant Bank

Last updated
Renasant Corporation
Company type Public
Industry
Founded1904;121 years ago (1904)
Headquarters Tupelo, Mississippi, U.S.
Key people
Kevin Chapman (CEO)
Products Financial services
RevenueDecrease2.svg US$1.091  billion (2024) [1]
Increase2.svg US$195.4 million (2024) [1]
Total assets Increase2.svg US$18.035 billion (2024) [1]
Total equity Increase2.svg US$2.678 billion (2024) [1]
Number of employees
3,200 [2]
Website 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. [3] Renasant Bank operates under the parent company Renasant Corporation [4] and is affiliated with Renasant Nation, [5] a platform through which they publish blogs and shows. [5] [6]

Contents

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, [7] 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. [8] [9] 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. [10]

Services offered

Renasant Bank offers checking and savings accounts, credit cards, wealth management, and digital banking services. [11] It also offers conforming, FHA, Jumbo, VA, and USDA mortgages as well as HELOCs. [12] [13] For businesses, it offers treasury and corporate banking services. [14]

Asset history

Asset History [3] [15]
YearReported 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

  1. 1 2 3 4 "2024 Annual Report".
  2. ↑ "About Us | Renasant Bank Local Community Banking".
  3. 1 2 "About". www.renasantbank.com. Retrieved 2020-03-24.
  4. ↑ "Corporate Profile › Renasant Bank". www.renasant.com. Retrieved 2020-03-24.
  5. 1 2 "Renasant Nation | Brought to you by Renasant Bank". Renasant Nation. Retrieved 2020-03-24.
  6. ↑ "Shows". Renasant Nation. Retrieved 2020-03-24.
  7. ↑ "Renasant's purchase of HeritageBank of the South approved". 17 June 2015.
  8. ↑ "Renasant Bank, History". usbanklocations.com. Retrieved 16 August 2016.
  9. ↑ "Mergers & Acquisitions › Renasant Bank". Archived from the original on 2016-03-15. Retrieved 2025-02-20.
  10. ↑ "Renasant Corporation Completes Merger with The First Bancshares Inc". Renasant Bank. August 1, 2025. Retrieved 11 August 2025.
  11. ↑ "Home". renasant.com.
  12. ↑ "Renasant Bank, Mortgage" . Retrieved 19 December 2020.
  13. ↑ "Renasant Bank Mortgage Services and Reviews". mortgagewaldo.com. 19 March 2020. Retrieved 19 December 2020.
  14. ↑ "Business Banking | Renasant Bank Business Financial Support".
  15. ↑ "As Reported Financials › Renasant Bank". investors.renasant.com. Retrieved 2020-03-24.
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